Up Bank vs Trust Bank.
Up Bank (U55/100) 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. Up Bank leads Trust Bank 4-0.
| T Trust Bank №67 · MAS 52 /100 | U Up Bank №60 · PRA 55 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 52 /100 | 55 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | 1.00% | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Payment inst. MAS | Payment inst. PRA |
| Deposit guarantee Per depositor | Safeguarded SG.SDIC | Safeguarded AU.FCS |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | — | 4.0 ★ 2k reviews |
| App store iOS + Android avg | 4.7 ★ iOS 4.7 · And 4.6 | 4.8 ★ iOS 4.8 · And 4.7 |
| Read review → | Read review → | |
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.
Pick Up Bank if…
Australian neobank built on top of Bendigo and Adelaide Bank's APRA-regulated charter — direct FCS AUD 250,000 cover via the parent. Strongest Australian neobank UX for under-35 consumers; budgeting and pay-day forecasting are best-in-class. No FX markup makes it travel-friendly.
- Best for fees Up Bank won 1 of 4
- Best for protection Tied
- Best for reach Tied
- Best for ux Up Bank won 2 of 2
Up Bank vs Trust Bank — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Trust Bank better than Up Bank?
Under our v3 methodology, Up Bank leads Trust Bank 4–0 across 12 dimensions. Composite scores: Trust Bank 52/100 vs Up Bank 55/100. Up Bank is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Trust Bank or Up Bank cheaper?
Monthly fee — Trust Bank: €0; Up Bank: €0. Card FX markup — Trust Bank: 1.00%; Up Bank: Interbank. Up Bank 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, Trust Bank or Up Bank?
Trust Bank holds a Payment inst. licence under MAS; deposit guarantee per depositor: Safeguarded. Up Bank holds a Payment inst. licence under PRA; deposit guarantee per depositor: Safeguarded. Both score equally on regulatory protection rows.
Where can I use Trust Bank and Up Bank?
Trust Bank operates in 1 country; Up 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.