Country hub / Singapore
Financial apps and digital money services in Singapore.
Seven approved records span two Singapore banks, three payment or e-money models, a business platform and a crypto service. A MAS licence identifies the activity; it does not make every balance a bank deposit.
Direct answer
Trust Bank and GXS are the direct SDIC deposit records in this set.
Revolut, Wise, Airwallex and PayPal are separately regulated payment services, not banks. Coinbase is a digital-payment-token service whose fiat wallet is explicitly outside SDIC.
Product classification
Bank deposits, safeguarded e-money and digital tokens are different records.
Singapore coverage resolves licence, legal entity and protection before comparing features.
Full or local bank
Trust and GXS hold Singapore bank licences and offer eligible SGD deposits.
Payment institution
Revolut, Wise, Airwallex and PayPal hold MPI permissions without bank status.
Safeguarded funds
Trust or segregated accounts remain distinct from a customer's direct bank deposit.
Crypto service
Coinbase token permissions and safeguarding do not guarantee asset value or recovery.
Verified SG comparison
Change the job, not the evidence.
These controls only reorder approved market records. Legal entity, product class, protection wording, source date and confidence stay fixed.
Bank deposits: Prioritises eligible direct SGD bank deposits and scheme-member aggregation.
| Provider | Product type | Market status | Legal entity | Protection model | Evidence | Compare |
|---|---|---|---|---|---|---|
| Trust BankA Singapore full-bank savings account, debit or credit card and PayNow workflow. | singapore full bank digital deposit account | available with residency identity acceptance and product conditions | Trust Bank Singapore Limited | Eligible SGD deposits aggregate at Trust Bank under SDIC.The SGD 100,000 limit is per depositor per scheme member; rates, rewards, cards and non-deposit products have separate terms. | 3 source records | |
| GXS BankA Singapore digital savings account with pockets and separately approved card or credit products. | singapore local digital bank deposit account | available with age residence singpass and acceptance conditions | GXS Bank Pte. Ltd. | Eligible SGD deposits aggregate at GXS Bank under SDIC.Promotional effective rates can combine cashback and interest; credit, investment and business products remain separate. | 4 source records | |
| RevolutCards, e-money, currency exchange and payment-token access under a Singapore MPI. | major payment institution e money account | available as e money with customer product and limit conditions | Revolut Technologies Singapore Pte. Ltd. | Client e-money is safeguarded in commingled trust accounts at named banks.Revolut explicitly excludes e-money from SDIC and discloses potential safeguarding shortfall or bank-insolvency risk. | 3 source records | |
| WiseMulticurrency holding, receiving, card and international-transfer workflows. | major payment institution multicurrency account | available with customer route card and product conditions | Wise Asia-Pacific Pte. Ltd. | Wise is an MAS Major Payment Institution, not a deposit-taking bank.The payment account is outside SDIC; Interest and Stocks are separate investments with capital at risk. | 3 source records | |
| AirwallexEligible Singapore businesses managing multicurrency collections, cards and transfers. | major payment institution business finance platform | available for eligible singapore businesses | Airwallex (Singapore) Pte. Ltd. | Customer funds are held in segregated client accounts at regulated banks.Airwallex is not a bank; segregation is not a direct SDIC deposit and Yield is a separate investment. | 3 source records | |
| PayPalOnline checkout, transfers and merchant payment workflows. | major payment institution payment wallet | available with personal business and transaction conditions | PayPal Pte. Ltd. | PayPal Pte. Ltd. provides the payment account under its MAS MPI licence.A payment licence and wallet balance do not create an SDIC-insured bank deposit. | 2 source records | |
| CoinbaseBuying, selling, holding and transferring supported digital assets. | major payment institution crypto platform | available with identity asset payment and retail conditions | Coinbase Singapore Pte. Ltd. | Digital assets use a disclosed safeguarding person; the fiat wallet is not a deposit.The agreement explicitly excludes the fiat wallet from SDIC and discloses cross-border recovery risk for safeguarded assets. | 4 source records |
Trust Bank
singapore full bank digital deposit account- Market status
- available with residency identity acceptance and product conditions
- Legal entity
- Trust Bank Singapore Limited
- Product note
- Trust Bank Singapore Limited holds a Singapore full-bank licence. Eligible Singapore-dollar deposits aggregate at Trust Bank under the SDIC limit; savings plans, cards, PayNow, rewards and rates retain product conditions.
- Protection model
- Eligible SGD deposits aggregate at Trust Bank under SDIC.The SGD 100,000 limit is per depositor per scheme member; rates, rewards, cards and non-deposit products have separate terms.
View legal and product sources
GXS Bank
singapore local digital bank deposit account- Market status
- available with age residence singpass and acceptance conditions
- Legal entity
- GXS Bank Pte. Ltd.
- Product note
- GXS Bank is a Singapore local bank. Eligible Singapore-dollar deposits aggregate at GXS under SDIC; savings pockets, cards, loans, business products, promotions and rates have separate conditions.
- Protection model
- Eligible SGD deposits aggregate at GXS Bank under SDIC.Promotional effective rates can combine cashback and interest; credit, investment and business products remain separate.
View legal and product sources
Revolut
major payment institution e money account- Market status
- available as e money with customer product and limit conditions
- Legal entity
- Revolut Technologies Singapore Pte. Ltd.
- Product note
- Revolut Singapore is an MAS-licensed Major Payment Institution. E-money is safeguarded in commingled trust accounts at named banks and is explicitly outside the Singapore Deposit Insurance Scheme.
- Protection model
- Client e-money is safeguarded in commingled trust accounts at named banks.Revolut explicitly excludes e-money from SDIC and discloses potential safeguarding shortfall or bank-insolvency risk.
View legal and product sources
Wise
major payment institution multicurrency account- Market status
- available with customer route card and product conditions
- Legal entity
- Wise Asia-Pacific Pte. Ltd.
- Product note
- Wise Asia-Pacific is an MAS-licensed Major Payment Institution and separate capital-markets licensee. The multicurrency account is not a bank deposit; Interest and Stocks are separate capital-at-risk investments.
- Protection model
- Wise is an MAS Major Payment Institution, not a deposit-taking bank.The payment account is outside SDIC; Interest and Stocks are separate investments with capital at risk.
View legal and product sources
Airwallex
major payment institution business finance platform- Market status
- available for eligible singapore businesses
- Legal entity
- Airwallex (Singapore) Pte. Ltd.
- Product note
- Airwallex Singapore is an MAS-licensed Major Payment Institution providing eligible businesses accounts, transfers, cards and payments. Funds are segregated; Yield is a separate investment and not a deposit product.
- Protection model
- Customer funds are held in segregated client accounts at regulated banks.Airwallex is not a bank; segregation is not a direct SDIC deposit and Yield is a separate investment.
View legal and product sources
PayPal
major payment institution payment wallet- Market status
- available with personal business and transaction conditions
- Legal entity
- PayPal Pte. Ltd.
- Product note
- PayPal Singapore provides personal and business payment accounts as an MAS-licensed Major Payment Institution. A payment licence or wallet balance is not treated as an SDIC-insured bank deposit.
- Protection model
- PayPal Pte. Ltd. provides the payment account under its MAS MPI licence.A payment licence and wallet balance do not create an SDIC-insured bank deposit.
View legal and product sources
Coinbase
major payment institution crypto platform- Market status
- available with identity asset payment and retail conditions
- Legal entity
- Coinbase Singapore Pte. Ltd.
- Product note
- Coinbase Singapore holds an MAS Major Payment Institution licence for cross-border transfer and digital-payment-token services. Its fiat wallet is not an SDIC-insured deposit, and digital-asset safeguarding retains cross-border recovery risk.
- Protection model
- Digital assets use a disclosed safeguarding person; the fiat wallet is not a deposit.The agreement explicitly excludes the fiat wallet from SDIC and discloses cross-border recovery risk for safeguarded assets.
View legal and product sources
0 selected locally.No matching comparison is published
Protection boundary
SGD 100,000 follows the depositor and SDIC scheme member.
Eligible Singapore-dollar deposits aggregate up to SGD 100,000 per depositor per scheme member. That supports eligible Trust Bank and GXS deposits—not foreign currency, investments, payment balances or crypto.
A safeguarding bank or trust account protects customer funds differently. It does not turn Revolut, Wise, Airwallex, PayPal or Coinbase into a deposit-taking bank.
Eligible SGD deposit
Confirm scheme member, depositor, product, currency and aggregate accounts.
Safeguarded e-money
Segregation can preserve claims while retaining shortfall and bank-failure risks.
Separate investment
Yield, Interest, Stocks and flexible funds carry their own capital risks.
Digital asset
Safeguarding does not insure market value or guarantee rapid recovery.
Eligibility
Age, residence, Singpass, business status and verification change access.
GXS publishes age, Singapore address and Singpass requirements. Trust retains approval and product conditions. Airwallex is business-only here. Every wallet or token service retains identity, customer, asset and limit checks.
Read the Revolut reviewRead the Wise reviewFee snapshot
Free plans and promotional rates need their conditions.
Revolut Standard and Airwallex Explore were free when observed. Wise transfers and conversion started from 0.23%, while its card cost SGD 8.50. Trust and GXS savings rates vary by plan, pocket, tenure and promotion. Actual transaction previews control cost.
Payment rails
FAST, PayNow, GIRO and cards are market systems—not universal provider promises.
Official records establish Singapore infrastructure. Exact participation, product, direction, identifiers, screening, limits and fees still need provider evidence.
FAST
Singapore market context. Confirm participation, account support, direction, limits, screening and current pricing.
PayNow
Singapore market context. Confirm participation, account support, direction, limits, screening and current pricing.
GIRO
Singapore market context. Confirm participation, account support, direction, limits, screening and current pricing.
card
Singapore market context. Confirm participation, account support, direction, limits, screening and current pricing.
Source ledger
Every material Singapore claim keeps its entity, source and date.
Sources were observed on 12 July 2026 and require launch-time reverification.
Trust Bank Singapore source drawer
Trust Bank is displayed as singapore full bank digital deposit account in Singapore.
- MAS lists Trust Bank Singapore Limited as a Full Bank.
- The register establishes licence status, not individual product eligibility, fees, rates or application approval.
- Deposit insurance still requires an eligible Singapore-dollar deposit and SDIC scheme conditions.
- Trust's current key facts define savings plans, rates from 1 March 2026, fees, card functions and PayNow terms.
- It states that eligible Singapore-dollar deposits are insured up to SGD 100,000 in aggregate per depositor per scheme member.
- Rates, rewards, eligibility, security and plan conditions can change and must remain beside any snapshot.
- Eligible Singapore-dollar deposits are insured up to SGD 100,000 in aggregate per depositor per DI Scheme member.
- All eligible accounts at the same member aggregate; CPFIS and CPFRS treatment is separately described.
- Foreign-currency deposits, investments, payment-account balances and crypto do not inherit the general insured-deposit statement.
GXS Bank Singapore source drawer
GXS Bank is displayed as singapore local digital bank deposit account in Singapore.
- MAS lists GXS Bank Pte. Ltd. as a Local Bank.
- Licence status does not establish every savings, card, credit, business or investment-product condition.
- SDIC coverage remains deposit, currency, depositor and aggregation specific.
- The terms effective 31 March 2026 identify GXS Bank Pte. Ltd. as the bank and preserve application approval discretion.
- The personal savings account generally requires age 16 and other current bank requirements.
- Cards, pockets, transfers, set-off, foreign exchange and separate products retain specific terms.
- GXS publishes Main Account, Saving Pocket and Boost Pocket rates with different access, tenure and bonus conditions.
- Promotional effective rates combine cashback and interest and are not permanent base rates.
- Eligible deposits are labelled SDIC insured up to SGD 100,000, while loan and card products remain separate.
- Eligible Singapore-dollar deposits are insured up to SGD 100,000 in aggregate per depositor per DI Scheme member.
- All eligible accounts at the same member aggregate; CPFIS and CPFRS treatment is separately described.
- Foreign-currency deposits, investments, payment-account balances and crypto do not inherit the general insured-deposit statement.
Revolut Singapore source drawer
Revolut is displayed as major payment institution e money account in Singapore.
- MAS lists Revolut Technologies Singapore as a Major Payment Institution for account, transfer, merchant, e-money and digital-payment-token services.
- A Major Payment Institution licence is not a bank licence or SDIC membership.
- Exact products, limits and safeguarding require the customer terms.
- The terms identify Revolut Technologies Singapore and classify balances as electronic money rather than bank deposits.
- Client money is safeguarded in commingled trust accounts at DBS, Standard Chartered and ANZ under the cited disclosure.
- The terms explicitly exclude the e-money balance from the Singapore Deposit Insurance Scheme and disclose shortfall and bank-insolvency risk.
- The observed comparison lists Standard as free, Premium at SGD 10.99 and Metal at SGD 21.99 per month.
- Exchange, crypto, stock, commodity and flexible-account pricing has separate limits, fees and capital-risk disclosures.
- Investment yields are dated snapshots and are not deposit rates or guarantees.
Wise Singapore source drawer
Wise is displayed as major payment institution multicurrency account in Singapore.
- MAS lists Wise Asia-Pacific as a Major Payment Institution and a Capital Markets Services Licensee.
- Payment-account and investment permissions are separate and neither makes Wise a bank.
- Product availability, safeguarding and fees require current product evidence.
- Wise lists eligible Singapore personal account, transfer, receiving, card and separate Interest functions.
- Wise Asia-Pacific is the Singapore entity; Interest is an investment with capital risk and not guaranteed growth.
- Verification, currencies, limits, routes and card access remain conditional.
- The observed schedule lists free registration and holding, transfer and conversion pricing from 0.23 percent, and an SGD 8.50 card order charge.
- Wise cards cannot be used for local ATM withdrawals in Singapore under the cited schedule.
- Interest and Stocks use separate fees and capital-risk disclosures.
Airwallex Singapore source drawer
Airwallex is displayed as major payment institution business finance platform in Singapore.
- MAS lists Airwallex Singapore as a Major Payment Institution.
- The separate Airwallex Capital entity and its capital-markets permissions do not reclassify the business wallet.
- Licence status does not establish bank or SDIC deposit treatment.
- Airwallex describes an eligible Singapore business-only platform for multicurrency accounts, transfers, cards and payments.
- It says customer money is held in segregated client accounts at regulated banks under local safeguarding rules.
- Segregation and partner banks do not make the wallet a direct SDIC-insured deposit.
- The observed schedule lists Explore as free, Grow at SGD 79 and Accelerate from SGD 399 per month, excluding GST and transaction charges.
- FX, transfer, payment, spend-user and card charges remain separate.
- Yield is explicitly an investment, not a savings or deposit product, and carries possible principal loss.
PayPal Singapore source drawer
PayPal is displayed as major payment institution payment wallet in Singapore.
- MAS lists PayPal Pte. Ltd. as a Major Payment Institution for account, transfer, token, e-money, acquisition and related services.
- The payment licence does not make PayPal a bank or establish SDIC deposit protection.
- Exact account, balance, merchant and transaction conditions remain in the user agreement and fee schedules.
- The agreement updated 28 May 2026 identifies PayPal Pte. Ltd. as the provider.
- Personal and business account availability, funding, balances, payments, holds, protection and fees retain country and transaction conditions.
- No direct SDIC bank-deposit claim is established for the PayPal balance.
Coinbase Singapore source drawer
Coinbase is displayed as major payment institution crypto platform in Singapore.
- MAS lists Coinbase Singapore as a Major Payment Institution for cross-border transfer and digital-payment-token services.
- The licence is not a bank licence and does not create SDIC coverage.
- Crypto, fiat wallet, payment methods and retail restrictions remain product specific.
- The agreement identifies Coinbase Singapore Pte. Ltd. and its MAS Major Payment Institution permissions.
- It explicitly states that the fiat wallet is not a deposit or investment account and is outside SDIC.
- Digital assets carry substantial loss, custody and irreversible-transaction risks.
- The Singapore table lists conditional debit-card, SGD FAST and USD SWIFT functions with different capabilities and times.
- Singapore-issued credit or charge cards are restricted for retail customers who are not accredited investors.
- Bank acceptance, name matching, holds, third-party fees, asset support and timing remain conditional.
- Coinbase identifies Coinbase, Inc. as the current digital-asset safeguarding person and describes beneficial ownership treatment.
- It discloses foreign-law, insolvency, delay and recovery risks associated with a safeguarding person outside Singapore.
- Safeguarding does not guarantee asset value, support entitlements or create deposit insurance.
Singapore regulator, protection and rail sources
- Eligible Singapore-dollar deposits are insured up to SGD 100,000 in aggregate per depositor per DI Scheme member.
- All eligible accounts at the same member aggregate; CPFIS and CPFRS treatment is separately described.
- Foreign-currency deposits, investments, payment-account balances and crypto do not inherit the general insured-deposit statement.
- The fact sheet describes FAST and PayNow as near-immediate 24/7 transfer services for participating institutions.
- Identifiers, account details, corporate registration and limits depend on the service and participating institution.
- Market infrastructure does not prove universal provider support, completion, timing, fees or customer eligibility.
- MAS lists Trust Bank Singapore Limited as a Full Bank.
- The register establishes licence status, not individual product eligibility, fees, rates or application approval.
- Deposit insurance still requires an eligible Singapore-dollar deposit and SDIC scheme conditions.
- MAS lists GXS Bank Pte. Ltd. as a Local Bank.
- Licence status does not establish every savings, card, credit, business or investment-product condition.
- SDIC coverage remains deposit, currency, depositor and aggregation specific.
Unavailable or deliberately not inferred
- A universal winner, approval outcome, permanent fee or rate.
- SDIC coverage for foreign currency, e-money, safeguarded funds, investments or crypto.
- Universal FAST, PayNow, GIRO or card support.
- A safeguarding bank account as a direct customer deposit.