Novo vs Trust Bank.
Novo (N72/100) and Trust Bank (T52/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Novo leads Trust Bank 5-0.
| N Novo №28 · FDIC 72 /100 | T Trust Bank №67 · MAS 52 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 72 /100 | 52 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | 1.00% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Partner-bank FDIC | Payment inst. MAS |
| Deposit guarantee Per depositor | $250,000 US.FDIC | Safeguarded SG.SDIC |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | 3.0 ★ 1k reviews | — |
| App store iOS + Android avg | 4.7 ★ iOS 4.8 · And 4.5 | 4.7 ★ iOS 4.7 · And 4.6 |
| Read review → | Read review → | |
Pick Novo if…
The integration-first US business neobank. Boost is the structural feature: Stripe and Square payouts arrive 1-2 business days earlier than at any competitor, which materially shifts cash-flow timing for e-commerce sellers and agencies invoicing on net-30. The third-party app marketplace (~11+ named integrations including Wise for cross-border) is deeper than Bluevine, Mercury, or Found, and Middlesex Federal Savings has been the continuous sponsor bank since launch — uncommon stability in BaaS. Trade-off: $250K single-bank FDIC ceiling (no sweep), no yield product, and weaker multi-user permissions than Relay.
Pick Trust Bank if…
Singapore's third Digital Full Bank under MAS — Standard Chartered + FairPrice (NTUC) JV. SDIC cover via the DFB licence. FairPrice grocery-spending integration is unique to its parents. ~800K SG customers in first year.
- Best for fees Novo won 1 of 4
- Best for protection Novo won 2 of 2
- Best for reach Tied
- Best for ux Novo won 1 of 2
Novo vs Trust Bank — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Novo better than Trust Bank?
Under our v3 methodology, Novo leads Trust Bank 5–0 across 12 dimensions. Composite scores: Novo 72/100 vs Trust Bank 52/100. Novo is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Novo or Trust Bank cheaper?
Monthly fee — Novo: €0; Trust Bank: €0. Card FX markup — Novo: Interbank; Trust Bank: 1.00%. Novo wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Novo or Trust Bank?
Novo holds a Partner-bank licence under FDIC; deposit guarantee per depositor: $250,000. Trust Bank holds a Payment inst. licence under MAS; deposit guarantee per depositor: Safeguarded. Novo is the stronger pick on regulatory protection.
Where can I use Novo and Trust Bank?
Novo operates in 1 country; Trust Bank operates in 1 country. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.