The digital bank has expanded its customer base to over 0.7 million by 2023 and accumulated over $1.4 billion in deposits. Approximately 70% of its customers originate from existing referrals, with acquisition costs impressively seven times lower than those of other banks in the country.
The bank boasts a swift deposit account opening in under two minutes and instant loan approvals within 60 seconds, establishing a reputation for efficiency. For its exceptional customer acquisition and substantial growth in the competitive landscape, Trust Bank is the Best Digital Bank in Singapore.