Travelling has never been easier with the rise of multi-currency wallets. Among them, YouTrip remains one of the most popular options in Singapore, letting you pay, shop, and withdraw overseas without the hefty fees charged by banks. But how well does it stack up in 2025, especially compared to newer players like Revolut, Amaze, and Wise?

In this review, we’ll break down how YouTrip works, its exchange rates, benefits, and even its partnership with HL Assurance travel insurance.

The YouTrip multi-currency card allows you to travel, shop and pay around the world in over 150 currencies through one account. The account is managed via the YouTrip app, where you can buy and exchange currencies, then spend globally with your card.

The app is available for download on both the iOS App Store and Google Play Store, making it simple for anyone to start using.

Is YouTrip a credit or debit card?

YouTrip is a prepaid multi-currency card. It is neither a credit card nor a debit card tied to your bank account. Instead, you top up funds to your YouTrip wallet in Singapore dollars and convert them into foreign currencies at competitive rates.

This setup means you will never overspend — transactions are deducted directly from your wallet balance.

» MORE: 7 best multi-currency cards in Singapore 2025

YouTrip prides itself on offering “wholesale exchange rates,” which are often better than those from banks and money changers. Here’s how it works:

• Rates are pegged closely to Mastercard’s wholesale exchange rate, typically with a marginal difference of 0.1%.

• A small spread may apply, but YouTrip does not charge an additional admin or transaction fee.

• Rates update throughout the day, so the rate you lock in when converting is the rate you will spend at.

Example comparison: SGD to JPY

*As exchange rates fluctuate rapidly, the amounts listed are only estimates. Please check official websites for the correct rates.

As you can see, YouTrip rates remain competitive, though Wise and Revolut can sometimes edge lower depending on the day. The main advantage with YouTrip is the fee-free, flat structure.

#1 The merchant is charged by YouTrip, not you

When you pay overseas with a Singapore-issued credit card, banks often add a foreign transaction fee of around 3.25%. With YouTrip, this fee does not apply — the merchant is charged directly, keeping your spending clean and predictable.

#2 Competitive exchange rates

Because YouTrip uses wholesale rates, you generally get a better deal than at a physical money changer or traditional bank. This makes a noticeable difference when exchanging larger amounts for holidays or overseas shopping.

#3 Simple and convenient to use

YouTrip works like any Mastercard — tap or insert at the terminal, and the amount is deducted from your wallet. With the app, you can top up in seconds using PayNow or bank transfer, convert currencies instantly, and track your spending in real time.

#4 Transaction search

The app records every transaction, with details on merchant name, location, and amount. This helps travellers monitor spending and spot any suspicious charges quickly.

1. Download the YouTrip app on iOS or Android.

2. Register with your NRIC/FIN and mobile number.

3. Once verified, your physical card will be mailed to you within 5-7 working days.

There are various ways to top up your Youtrip balance. They are:

• PayNow (free)

• Linked Bank Account (free)

• Singapore debit or credit card*

• Mastercard debit/credit cards: Free

• Visa debit cards: Free

• Visa credit cards: 1.5% service fee

• Apple Pay 

Do note that a 1.5% service fee will be applied to top-ups made with Visa credit cards.

To withdraw money back into your bank account from YouTrip, follow these six simple steps:  

1. Open the YouTrip app and tap on ‘Transfer’ to select your transfer method.

2. Select ‘Withdraw to Own Account’.

3. Enter the amount you wish to withdraw.

4. Select the transfer method.

5. Slide to transfer once you’ve reviewed your transfer request .

6. Your funds should be instantaneously transferred to your PayNow-linked bank account.

Do note that:

• You cannot withdraw funds to another account. 

• You have to withdraw in SGD. 

• There is a limit of 10 bank withdrawals per calendar month. If you wish to make more than 10 bank withdrawals, you’ll have to request for a refund instead.

1. Open the app and select “Exchange.”

2. Choose the currency and amount.

3. Confirm the exchange at the displayed rate.

4. Your wallet balance updates immediately.

• Use your YouTrip card at any Mastercard-supported ATM.

• The maximum withdrawal limit is S$5,000 daily.

• ATM operators may charge a fee, but YouTrip does not add extra fees.

Take note that you can withdraw up to S$400 cash free per calendar month. After this limit, a 2% withdrawal fee on the withdrawn amount is imposed, deducted from the SGD wallet.

With HLAS COVIDSafe Travel Protect360 Enhanced Plans now available on YouTrip, you can sort your flights, hotel bookings, and travel insurance all within one app.

» MORE: How does annual or multi-trip travel insurance work?

Details of HLAS COVIDSafe Travel Protect360 Enhanced Plans

The Enhanced Plan includes COVID-19 coverage, which is still required by certain countries.

How much can you save?

• Up to 10% off if you previously purchased HLAS without claims.

• 40% off all Enhanced Plans.

• 15% cashback when checking out with YouTrip.

This means you can save up to 65% in total.

How to redeem

1. Download or open the YouTrip app.

2. Go to the Insurance tab.

3. Select HLAS Travel Protect360 Enhanced Plan and purchase directly.

Cashback will be credited the following month.

In 2025, YouTrip continues to hold strong as one of Singapore’s go-to multi-currency travel cards. With no foreign transaction fees, competitive exchange rates, and now the added convenience of bundled travel insurance, it remains a practical option for frequent travellers.

While Wise and Revolut may sometimes beat YouTrip on raw exchange rates, YouTrip’s simplicity and flat fee structure make it an attractive choice for hassle-free spending abroad. If you’re planning to travel this year, YouTrip is still worth signing up for.