Personal Finance Money transfer

Can Trust Bank Do Overseas Transfers? Singapore 2025

Michelle Alyssa

22.09.25

Read time 2 minutes

Trust Bank, which opened in 2022¹ and is partnered with Standard Chartered and FairPriceGroup,² has quickly become one of Singapore’s most popular digital banks. It is known for its simplicity, rewards, and zero fees, making it a solid choice for everyday local banking needs. However, Trust Bank has some limitations when it comes to international transactions.

This article explores whether a Trust Bank overseas transfer is possible and what alternatives you can use. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

Can you send money overseas with Trust Bank?

Unfortunately not. Trust Bank was designed for the Singaporean market, which makes it a great option for local use. Customers can open and manage accounts, apply for loans and insurance, invest, take advantage of rewards like coupons, and transfer money within Singapore, all without any fees.

However, a Trust Bank overseas transfer isn’t possible. That doesn’t mean Trust Bank isn’t a good everyday banking option still; you’ll just have to do your international transfers elsewhere. This is where alternatives like Wise come in.

With Wise, you can send money internationally at the mid-market exchange rate, pay low, transparent fees, and move your funds to over 140+ countries with ease.

To ensure Trust is the best fit for all your everyday local banking, see how it compares to other Singaporean digital banks in our GXS vs. Trust Bank breakdown.

Is Trust Bank remittance available?

No, Trust Bank does not currently offer international remittance services. Its platform is designed exclusively for domestic fund transfers within Singapore.

Why can Trust Bank not do overseas transfers?

The main reason is that Trust Bank only supports SGD-based transfers within Singapore’s local banking network.³ It is not connected to global payment systems required for international transactions.

For domestic transfers, Trust Bank utilises services like PayNow.

PayNow allows you to send and receive money instantly using just a mobile number, NRIC/FIN, or a business's Unique Entity Number (UEN). However, the PayNow network itself is also limited to Singapore, so it cannot be used for overseas transfers.³

Using your Trust card overseas

While Trust Bank does not offer a multi-currency account, you can still use your card for overseas spending.

Here’s how it works:

Automatic currency conversion: When you use your card abroad for purchases or dining, your payment is automatically converted from SGD to the local currency

Zero foreign exchange fees: Unlike most traditional banks, Trust does not charge a fee on foreign currency transactions, helping you save money on your travels

ATM withdrawals: When withdrawing cash from an overseas ATM, Trust recommends choosing to be charged in the local currency to get a better exchange rate³

If you’re going abroad and want to use your Trust Bank card, make sure you enable it for overseas usage on the app first. Otherwise, Trust Bank may block your transactions.

👀 Planning a trip? See how the Trust card compares with other multi-currency cards like Youtrip in Singapore.

💳 Click here to order a Wise card

Send money internationally with Wise for quick transfers at the mid-market rate

Finding a solution for overseas transfers can feel complicated, especially when your bank doesn’t support them. But there are services built specifically for this purpose. Let’s look at how Wise offers a different way to move your money internationally.

Wise international money transfers can be set up online or within the Wise app with low fees from 0.26% and the mid-market rate, to over 140+ countries. There’s no markup added to the exchange rate that’s used to convert your currency, which makes it easier to see exactly what you're paying for a transfer, and what the recipient will get in the end. Just transfer the amount indicated in SGD and let Wise do the rest.

Track your transfers easily when you create a free Wise account, and manage, hold, and convert your money in SGD and 40+ other currencies. You'll get the same great rates, and be able to track your transfers all from one place. As a bonus, you can also get 8+ local account details to be able to receive money in SGD, USD, GBP, and more.

🚀 Get Started with Wise

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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.