Personal Finance Tips

How to withdraw money from YouTrip: Transfer to bank account

Nicholas Chia

24.01.25 (updated more than 1 year ago)

Read time 4 minutes

If you have a balance on your YouTrip¹ card and you're not planning on travelling anywhere in the near future, you may be wondering if it is possible to arrange a YouTrip transfer to your bank. The good news is that you can withdraw from YouTrip to a bank - but the bad news is that there are some restrictions to consider. This guide on how to transfer money from YouTrip to a bank walks through all you need to know.

Plus, we'll touch on an alternative you might want to consider - the Wise account and card which lets you hold and exchange 40+ currencies with the mid-market rate and low fees², and withdraw to your SGD bank account whenever you want to.

Table of contents
Can I withdraw money from YouTrip in Singapore How to withdraw money from YouTrip Restrictions for YouTrip transfers to a bank Send, spend, and hold up to 40+ currencies with Wise How to withdraw money from Wise

Can I withdraw money from YouTrip in Singapore?

So, can I withdraw money from YouTrip, and what rules apply?

Of course, you're able to make YouTrip ATM withdrawals when you've overseas - but fees may apply³, and this service isn't available in Singapore. So once you're back in the country your primary option would be to withdraw money from YouTrip to a bank account, so you can spend or withdraw with your normal debit card.

As we've mentioned, it is possible to withdraw a balance from YouTrip Singapore - but only under specific circumstances. We'll walk through the details in a moment, but the headline is that you can only withdraw deposits made to YouTrip since July 22nd 2024, and usually only if you've topped up from your linked bank account or with PayNow⁴.

Other top up types may not be eligible for withdrawal - more on that later.

What can I withdraw from YouTrip?

Here are the details of the YouTrip balance types which can now be withdrawn to a bank account. For these top up types to be eligible for withdrawal you will need to have received the money on or since July 22nd 2024.

Eligible balances for withdrawal include:

YouTrip balances added using PayNow or your linked bank account
Reversals from transactions paid for with eligible top ups
Dispute credit or resolution and merchant refunds
Insurance cashback
YouTrip Surprise or Perks cashback

If you've used a debit or credit card to top up your account, or if you've been sent money by another YouTrip account holder, you can not withdraw the balance.

You can only withdraw a balance in SGD, so if you have another currency in your ewallet after a trip you'll need to convert back to Singapore dollars before you process the withdrawal.

How many times can I transfer money out of YouTrip

You can make a withdrawal of your eligible balance up to ten times per month before fees apply. If you exceed this number you can't use the normal withdrawal process any more that month. Instead, you'll need to apply for a refund and pay the fee of 10 SGD.

👀 Wondering what the benefits the YouTrip card are? See how YouTrip compares with Wise and Revolut here.

How to withdraw money from YouTrip?

You can withdraw your eligible balance from YouTrip fairly easily as long as you have a PayNow number registered with the app.

To register for PayNow you'll need to go to your bank's online or mobile banking service and set up your service with either a phone number, NRIC or another proxy for identification. You can then use this PayNow ID to link with YouTrip for quick and easy withdrawals.

Once you've got your YouTrip linked to an active PayNow address, this is how to make a withdrawal:

Log into your YouTrip app and tap on 'Transfer'
Select 'Withdraw to Own Account' and enter the amount to withdraw
Select transfer method - either PayNow to your registered mobile number or your NRIC/FIN
Review the transfer request and slide to activate it

What are some restrictions for YouTrip transfers to a bank?

Let's summarise the restrictions and requirements to be able to make a withdrawal from YouTrip to your bank:

You can only withdraw eligible balance amounts, usually top ups made with your linked bank or PayNow, after July 22nd 2024
You can only withdraw up to 10 times every month before fees apply
You'll have to register for PayNow to facilitate bank withdrawals
You can only withdraw funds back to the bank account associated with your PayNow-linked mobile number or NRIC registered with your YouTrip account
You can also send a balance to another YouTrip user - but they will not be able to withdraw this money to their own bank account⁵

Send, spend, and hold up to 40+ currencies with limit-free withdrawals when using Wise

The Wise account is an easy way to hold and exchange 40+ currencies, including SGD, MYR, EUR, CNY, and more. All you need to do is create a free account to get started.

With Wise, you can exchange currencies at the mid-market rate each time, with low, transparent conversion fees from 0.26% and absolutely no markups.

Plus, you can order a Wise card for convenient spending without any foreign transaction fees and up to 2 free ATM withdrawals to the value of 350 SGD when you're overseas.

You'll even get 8+ local account details to get paid conveniently to your Wise account in SGD and a selection of other major global currencies. What's more, you can activate Wise Interest to earn returns* on your eligible balances while keeping your money available to spend.

Sending money or making payments abroad? Wise also offers fast, low cost transfers to 160+ countries - you can track your transfer in your account and your recipient will also be notified when a transfer reaches them.

*Growth is not guaranteed. Capital at risk.

🚀 Get Started with Wise

How to withdraw money from your Wise account?

It's pretty easy to make a withdrawal from a Wise account using the app, and there are no limits on how many times you can withdraw. There's no fee from Wise to withdraw to your bank as long as no currency conversion is needed. Here's what to do :

Log into the Wise app and go to the home page
Select the currency balance you want to withdraw from and tap Send
Choose the bank account you want to send your money to
Enter how much you'd like to withdraw
Confirm the payment and the money will be deposited to your selected account

Sources:

YouTrip
Pricing/fees: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information
YouTrip FAQ - ATM fee
YouTrip FAQ - withdrawals to my bank
YouTrip FAQ - Can I withdraw to someone else's bank

*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.