Trust Bank Referral Code BWGKVXNQ: Win up to S$1,000

In a city where the cost of living is a constant conversation starter, finding a financial hack that offers guaranteed returns is rare. But that is exactly what Trust Bank has managed to do with its “Member-Get-Member” referral program.

If you have yet to sign up for Singapore’s first digital native bank, you are sitting on a potential windfall. By simply using a referral code during your application, you receive a Sure-Win Scratch Card that guarantees you a cash reward ranging from S$5 all the way up to S$1,000.

Whether you are a savvy grocery shopper looking to cut your FairPrice bill or a traveler tired of paying 3.25% foreign transaction fees, Trust Bank has become a staple in the Singaporean wallet.

This guide covers everything you need to know about claiming your sign-up bonus, maximizing your savings, and why over a million users in Singapore have made the switch.

🎁 The Welcome Reward: How the “Sure-Win” Works

Unlike traditional bank promotions that often require you to jump through hoops—like depositing S$5,000 or spending S$500 within the first month just to get a generic gift—Trust Bank’s entry reward is refreshingly simple.

The Mechanics

When you sign up using the code BWGKVXNQ, you are entitled to a digital Scratch Card. Here is the breakdown:

• Guaranteed Reward: Every user is a winner. You will receive a minimum of S$5 in cash credit just for joining.

• The Jackpot: You stand a chance to win up to S$1,000 in cash credit.

• No Deposit Required: You do not need to fund the account to receive the scratch card; you only need to sign up and open the account successfully.

Note: The S$1,000 top prize is awarded randomly. While the S$5 to S$25 range is the most common reward tier, the S$1,000 jackpot is real and credited to lucky users.

📱 Step-by-Step: How to Claim Your Scratch Card

Speed is key. The most common pitfall for new users is downloading the app and skipping the referral code field, thinking they can add it later. You cannot. Once the account is created, the opportunity to claim the scratch card is gone forever.

Follow this exact process to ensure you secure your reward:

1. Download the App

Go to the Apple App Store or Google Play Store and search for “Trust Bank SG”. The app is lightweight and installs quickly.

2. Tap “Get Started”

Open the app. You will see a welcome screen. Tap the button to begin your application.

3. ⚠️ CRITICAL STEP: Enter Referral Code

Before you log in with Singpass, the app will ask if you have a referral code. This is your only chance.

• Enter Code: BWGKVXNQ

• Verify: Ensure the green checkmark appears, confirming the code is valid.

4. Apply via MyInfo (Singpass)

Trust Bank leverages Singapore’s National Digital Identity infrastructure. By logging in with Singpass, your personal details (Name, Address, IC) are pre-filled. This reduces the application time to roughly 3 minutes.

5. Claim Your Reward

Once your account is approved (often instantly):

• Navigate to the “Rewards” tab in the app.

• You will see a “Quests” or “Scratch Card” section.

• Swipe your finger across the screen to reveal your cash prize. The amount is credited directly to your Trust Savings Account or Credit Card statement.

🗣️ Real Reviews: What Singaporeans Are Saying

Trust Bank has maintained a stellar 4.8/5 rating on the App Store with over 47,000 reviews. But beyond the star rating, what are users actually experiencing? We analyzed sentiments from platforms like Seedly, HardwareZone, and Google Reviews.

The “Travel Hacker” Perspective

“I used to change money at the arcade in Raffles Place. Now I just use Trust. I went to Japan last month and the exchange rate was basically the spot rate on Google. No fees. It saved me about S$80 on a S$2,500 trip.”

— Jason T., Verified User

The “Grocery Auntie” Perspective

“The Linkpoints integration is very smooth. I am an NTUC Union member, so getting the extra rebate helps. I like that the app shows me exactly how much I saved after every transaction. No need to calculate myself.”

— Mdm Soh, Verified User

The “Digital Native” Perspective

“The UI is the best among local banks. It’s clean, no clutter, no ads for insurance popping up every 5 seconds. I claimed my scratch card and got S$15, which paid for my lunch. Can’t complain.”

— Review via HardwareZone

📉 Why Choose Trust Bank? (The 3 Pillars of Value)

The S$1,000 chance is a great hook, but the long-term value of Trust Bank lies in its product features. It solves three major pain points for Singaporeans: Inflation, Travel Costs, and Complicated Banking.

1. Massive Savings at FairPrice Group (Up to 21%)

Trust Bank is a partnership between Standard Chartered and FairPrice Group. Naturally, its strongest perk is grocery savings.

• For NTUC Union Members: You can enjoy savings of up to 21% on FairPrice Group spends (FairPrice, Unity, Cheers, Kopitiam) when you meet the minimum monthly spend requirement.

• For Non-Members: You still enjoy significant savings, typically up to 15% in Linkpoints rebates.

• The Benefit: This is not just “cashback”; it is integrated with the Linkpoints system, meaning you earn points that can be instantly offset against future grocery purchases.

2. The Best Travel Companion (Zero FX Fees)

Most credit cards in Singapore charge a Foreign Transaction (FX) Fee of 3.25%. That means for every S$1,000 you spend overseas, you pay S$32.50 in fees.

• Trust Bank Fee: 0%

• Exchange Rate: Competitive Visa wholesale rates.

• ATM Withdrawals: You can withdraw cash from overseas ATMs. While Trust does not charge a fee, the local ATM operator might. However, the FX conversion remains fee-free.

3. High Interest Savings Account

In a high-interest environment, leaving money in a standard account earning 0.05% is a waste.

• Base Rate: Trust offers a competitive base interest rate on your deposits.

• Bonus Rate: By making just 5 eligible card transactions a month (no minimum spend amount), you unlock bonus interest.

• Maximum Yield: You can earn up to 2.5% p.a. on your first S$125,000 (rates subject to change, verify in-app). This mechanism encourages you to use the card for small daily purchases like coffee or bus fares to unlock higher interest on your savings.

🛡️ Is Trust Bank Safe?

With the rise of digital scams, “Is it safe?” is a valid question. Trust Bank operates with the same security standards as traditional banks.

• Regulatory Status: Trust Bank Singapore Limited is a Digital Full Bank licensed and regulated by the Monetary Authority of Singapore (MAS). It is not a tech startup; it is a full-fledged bank.

• Deposit Insurance: Your Singapore dollar deposits are insured by the Singapore Deposit Insurance Corporation (SDIC) for up to S$100,000 per depositor. This is the exact same protection you get with DBS, UOB, or OCBC.

• The Numberless Card: The physical card you receive has no 16-digit number, CVV, or expiry date printed on it. If you lose your card, a thief cannot use it for online shopping. You access your card details securely via the app using FaceID or Fingerprint authentication.

💡 Frequently Asked Questions (FAQ)

Q: Is there an annual fee for the Trust Card?

A: No. The Trust Credit Card and Savings Account have no annual fee. There is also no foreign transaction fee and no card replacement fee.

Q: Who is eligible to sign up?

A: Any Singapore Citizen, Permanent Resident, or foreigner with a valid pass (EP/S-Pass) residing in Singapore, aged 18 and above.

Q: Is the S$1,000 guaranteed?

A: The S$1,000 is the top tier prize in the scratch card lucky draw. The *guaranteed* prize is a minimum of S$5, with amounts varying between S$5 and S$1,000 depending on your luck.

Final Thoughts: Don’t Leave Money on the Table

In the competitive landscape of Singapore banking, consumers are the winners. Trust Bank is aggressively acquiring users, which means they are willing to pay you to join.

Whether you win the jackpot S$1,000 or the guaranteed S$5, you are getting a free banking product that saves you money on groceries and travel. It takes less than 5 minutes to apply.

Ready to test your luck?

1. Copy the code: BWGKVXNQ

2. Download the Trust Bank SG app.

3. Paste the code and scratch your card!

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Interest rates and promotion terms are accurate as of early 2025 but are subject to change by the bank. Please refer to the official Trust Bank website for the most up-to-date Terms & Conditions.