YouTrip card review - a great multi-currency card in Singapore?

If like many other Singaporeans, you love to travel, YouTrip can be an attractive solution for easy spending during your time away. Travelers get access to multiple global currencies through a single account that they can spend online or draw cash from while overseas. But is it the right option for you?

Read on to learn more about the YouTrip multi-currency card and how it works. We'll also compare YouTrip against an alternative multi-currency card provider Wise.

Table of contents
Benefits of YouTrip card YouTrip exchange rates, fees and limits Multi-currency card comparison: YouTrip vs Wise How to use YouTrip card overseas Frequently asked questions Summary

What is YouTrip?

The YouTrip multi-currency card allows you to travel, shop and pay around the world in over 150 currencies¹ through one account. The account is available through the YouTrip app, where you can buy and exchange currencies and spend with the card. The app is available through iOS App Store and Google PlayStore.

With zero transaction fees on currency conversions and payments², the YouTrip card can save you money as you travel. It allows you to spend at any location that accepts Mastercard, online or in-store, and also withdraw cash from designated ATMs wherever you are. You can also monitor exchange rates and convert in-app when the rate is favorable, or let YouTrip handle the conversion automatically using the applicable rate when you make a purchase.

YouTrip is safe to use. It’s a registered business in Singapore, with an MAS license as a major payments institution³. It also uses technology to keep users and their money safe, just like your normal bank would.

Benefits of YouTrip card

With your YouTrip card you can:

• Top up your account to a maximum of 20,000 SGD
• Hold 12 major currencies (we’ll cover the options next)
• Exchange the 12 supported currencies in the YouTrip app
• Check exchange rates for the 12 supported currencies in the app
• Pay overseas with no foreign transaction fees with your card

Here are the currencies supported by YouTrip for holding and in-app exchange:

• Singapore dollar (SGD)
• US dollar (USD)
• Euro (EUR)
• British pound (GBP)
• Japanese yen (JPY)
• Hong Kong dollar (HKD)
• Australian dollar (AUD)
• New Zealand dollar (NZD)
• Swiss franc (CHF)
• Swedish krona (SEK)
• Malaysia ringgit (MYR)
• Thai Baht (THB)

YouTrip exchange rate - is it good?

YouTrip supports 150+ currencies for you to use worldwide when making transactions. Currency exchange is carried out using the wholesale exchange rate⁴ which is generally the one you’ll find on Google, with a marginal difference of 0.1%⁵ on average.

Currency exchange is managed by YouTrip alongside a series of foreign currency partners and Mastercard - that means you’ll be able to see the rates you can get for the 12 supported holding currencies in the app, but for any other currencies you’ll need to go to the Mastercard currency conversion calculator⁶ to understand the rates that are applied.

The good news is that the Mastercard and YouTrip exchange rates are usually pretty fair, which can mean this is a cheaper way of spending than using your normal bank card.

YouTrip ATM withdrawal fees

You can use your YouTrip card to make ATM withdrawals when you travel - however, withdrawals within Singapore are not supported. Fees and limits are as follows⁷:

• Free up to 400 SGD in value, 2% fees apply thereafter
• ATM operator may apply their own fees in addition
• Daily 5,000 SGD withdrawal limit

It’s worth noting that ATM operators are likely to impose significantly lower limits than the 5,000 SGD YouTrip cap per withdrawal, which means that you’ll pay the withdrawal fee multiple times if you want to max out your daily withdrawal amount for any reason.

Youtrip card annual fees and limits

There’s no YouTrip annual fee to pay. You can top up your account up to 5,000 SGD at any one time if you are using a local bank account, or 20,000 SGD when topping up with Apple Pay, PayNow and Linked Bank Cards⁸. If you try to add more than this amount, the excess will be automatically refunded to the payment method you use to make the top up.

Multi-currency card comparison: YouTrip vs Wise (formerly TransferWise)

YouTrip can be a handy card for international spending - but it’s not the only option. Depending on what you need you may find a more flexible account from an alternative provider. Here’s a comparison of YouTrip against another popular competitor - the Wise Account and card, to help you see how they measure up against each other, and pick the right one for you.

	YouTrip card	Wise card
Eligibility	Residents of Singapore, Thailand, and Australia only	Available globally in all but a few countries
Available currencies for holding and exchange	12	40+ currencies
Available currencies/countries for card spending	150+ currencies	150+ countries
Account maintenance fees	No ongoing fee	No ongoing fee
Exchange rates	Wholesale rates	Mid-market rates
ATM withdrawals	Up to 400 SGD in value, fee free 2% after that	Up to 2 withdrawals per month, to 350 SGD in value, fee free¹⁴ 1.50 SGD + 1.75% after that
International payments	Overseas transfers from SGD wallet to 40+ countries⁹	Available to 140+ countries
Receive payments	Receive payments from other YouTrip users	Receive payments with local bank details in 8+ currencies
Withdraw funds back to a bank account	Only for some payment methods¹⁰	Available
Cashback options	Broad range of cashback and rewards available¹¹	Some promotions and rewards available

Please see Terms of Use for your region or visit Wise Fees & Pricing: Only Pay for What You Use for the most up-to-date pricing and fee information.

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Learn more from our detailed YouTrip vs Wise comparison.

YouTrip has very few fees, and a fair exchange rate when you want to spend internationally. However, for holding and exchange it’s somewhat limited compared to the Wise Account and card, with only 12 currencies on offer compared to the 40+ available from Wise. Wise also has some fee free ATM withdrawals available, which can cut the costs if you need cash while you travel.

Where Wise really stands out against providers like YouTrip is in the breadth of features available. While YouTrip has an e-wallet and card for spending only, Wise lets you receive payments in a range of currencies, send money to a wide range of countries and pay international bills with the mid-market exchange rate. You can also withdraw funds back to your bank account in Singapore - or internationally - whenever you want to. In short, it’s like banking without a bank.

Get a Wise card today! 💳

How to use YouTrip card overseas

The YouTrip card is a travel-focused spending card and can be used anywhere Mastercard ® is accepted.

But how does YouTrip work in practice? Well, once you get the card, you can top it up with SGD and then exchange it into any of the 12 in-app currencies when you find the rates attractive.

Outside of these 12, YouTrip supports spending in 150+ other currencies worldwide, which are automatically converted at Mastercard’s wholesale rate when the transaction is settled.

How to sign up for YouTrip

To get a YouTrip account you’ll need to be a resident of Singapore, Thailand, or Australia, with a local contact number.

You can sign up on YouTrip easily using SingPass - here’s how¹²:

1. Download the YouTrip app
2. Tap Sign up for free
3. Use SingPass and Myinfo to enter your personal information
4. Follow the prompts to complete your application - and you’re done

If for some reason you don’t have SingPass available you can also follow a manual process to get a YouTrip account by uploading images of your documents.

How to top up your YouTrip account

You can add funds to YouTrip using PayNow QR, a linked bank account, Apple Pay, or a linked credit or debit card. Here’s how to add money with your card¹³ - if you’d rather use PayNow the process varies a little depending on who you bank with.

1. Log into YouTrip
2. Tap “Top Up” on the home screen, then tap “Change” to select your top-up method
3. Add a new card by tapping the drop-down arrow and entering your card details
4. Enter your card information
5. Complete your bank’s verification
6. Add the required details to complete your top up

Can I transfer money from YouTrip to a bank account?

You can transfer money from YouTrip back to your bank account — but only for eligible SGD balances. Funds added via PayNow or a linked bank account can be withdrawn through the app, while balances from card top-ups cannot. Foreign currency must be converted to SGD first.¹⁰

Using YouTrip in foreign ATMs

ATM while overseas using your YouTrip card. There is a 2% SGD fee for every cash withdrawal after fee free withdrawals of up to 400 SGD⁴.

When you are at the ATM abroad, there are a few simple steps to get cash from your account:

1. Find any ATM with the Mastercard, Maestro or Cirrus logo
2. Insert your YouTrip card into the ATM and enter your PIN - this is NOT the same as your YouTrip app login PIN
3. Select Savings Account instead of the Current Account option
4. Select the option to withdraw in the local currency
5. Receive your cash. If the currency is one of the 12 supported in-app wallets, the withdrawal will be deducted from that currency balance. Otherwise, the withdrawal will be converted from your available balance using Mastercard’s wholesale rate when the transaction is settled.

An important caveat is that YouTrip does not support local ATM withdrawals in Singapore. So you won’t be able to take out any remaining cash on the card locally when you return home. But it is still eligible to be spent domestically online and in-store.

How to use YouTrip in Malaysia

You can use YouTrip in Malaysia for both spending and ATM withdrawals, just like you would with any Mastercard-enabled payment card.

Frequently asked questions

Can YouTrip be added to Apple Pay?

Yes. YouTrip now supports Apple Pay and Google Pay, allowing you to make contactless payments in-store and online using your mobile device.

Does YouTrip have foreign transaction fees?

There’s no foreign transaction fee for YouTrip international spending. You’ll get the Mastercard wholesale exchange rate, for their supported currencies, with no additional fees.

Does YouTrip have cashback?

Currently, YouTrip has cashback when spending on certain travel partners and platforms, but none for ATM withdrawals and regular travel spend.

Is the YouTrip card a debit or credit card?

The YouTrip card is a prepaid debit card, which means you need to add funds to your account before you can spend. You’ll then only be able to spend up to the total amount held on the card, with no credit facility.

How to withdraw money from YouTrip in Singapore?

It's not possible to withdraw money from your YouTrip account through an ATM in Singapore. YouTrip balances can only be withdrawn to your bank if your account was topped up using certain payment methods. Read more about how to withdraw from Youtrip.

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Summary

So, that’s pretty much it - your full YouTrip card review, including all the details you need about YouTrip ATM withdrawals and spending abroad.

To help you pick the best e-wallet and card for you, we’ve covered YouTrip’s currency exchange rates, fees, top-ups and much more, including alternatives such as the Wise Account and card which could be a better all-round option for managing your money across currencies at home and while you travel.

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Sources:

1. YouTrip - Which currencies are supported?
2. YouTrip - What are the fees involved in using a YouTrip account?
3. MAS - YOU technologies license
4. YouTrip - What are the exchange rates and fees offered by YouTrip?
5. YouTrip- What is the wholesale exchange rate?
6. Mastercard Currency Converter - Currency exchange calculator
7. YouTrip - Can I withdraw cash from local and overseas ATMs with my YouTrip card?
8. YouTrip - What is the minimum and maximum top up for my YouTrip account?
9. YouTrip - Send money
10. YouTrip - How do I withdraw funds back to my own account?
11. You Trip- Perks
12. YouTrip - How to sign up
13. YouTrip - Top up my account
14. Wise will not charge you for these withdrawals, but some additional charges may occur from independent ATM networks.