Forum: Setting up savings account keeps credit card sign-ups fast
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We thank Mr Teo Chun Nee for using Trust Bank and sharing his experience ( Why do supplementary cardholders need a savings account?
In Singapore, many banks offer supplementary cards. The account opening process often involves manual steps, so it can take several days. During this process, the bank checks that the applicant is eligible for an account.
Trust Bank’s supplementary card is different. It is the only fully digital supplementary credit card in the market. Because of this, the time it takes from starting the application to using the digital card can be as little as just a few minutes. This account opening process is one of the fastest anywhere in the world.
Automating the account opening process involves setting up a Trust Bank savings account. This removes the need for the manual process used by other banks, keeping sign-ups fast and simple for customers. And importantly, there are no fees or minimum balances to maintain a savings account.
Aditya Gupta
Chief Product Officer
Trust Bank
