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YouTrip Review
Use promo code FINDER5 to earn $5 on signup.
Created out of a collaboration between EZ-Link, Mastercard and You Technologies Group, YouTrip is Singapore’s first multi-currency travel wallet with linked Mastercard.
With 0% cross border transaction fees and a host of convenient payment solutions, YouTrip is ideal for both tech-savvy budget travellers and online shoppers alike.
Find out more about YouTrip’s mobile wallet and card features in further detail below.
YouTrip is a multi-currency mobile wallet that comes with a free prepaid Mastercard. This card can be used to make contactless payments on POS (point-of-sale) terminals worldwide at anywhere that accepts Mastercard, offline transactions, as well as on EZ-Link readers on public transport in Singapore.
The app also comes with a host of convenient payment features, such as the conversion and storage of 10 different currencies, 24/7 in-app exchange rate monitor and locking in preferred rates.
Key features
The YouTrip app is straightforward, user-friendly and comes with key features including:
Free to use. No card fees and minimum balance are required to maintain your account.
Make overseas payments. Spend in more than 150 supported currencies at Mastercard’s wholesale exchange rate.
Zero currency conversion fees. Pay for online transactions without incurring any transaction fees.
Doubles up as an EZ-Link card. You can use the YouTrip card for public transport in Singapore and 20 other cities, including Kuala Lumpur, Sydney, and New York. Simply activate the Mastercard Account-Based Ticketing (ABT) function to enjoy this feature.
Holds up to 10 different currencies. Monitor exchange rates, hold a balance or make an exchange between 10 currencies at any time.
Overseas ATM withdrawals. You can withdraw cash from all overseas Mastercard, Maestro or Cirrus ATMs, for a flat fee of 0% (or equivalent in foreign currency) per transaction.
Easy management. View your balance, track transactions and deactivate or replace your card from the YouTrip app anytime.
Instant notifications. Receive mobile notifications instantly each time a transaction is made.
Monthly rewards. Spend with your YouTrip card and look forward to different rewards every month with #YouTripPerks.
Convenient top-up. Reload your YouTrip account’s value through PayNow or any Singapore credit/debit card whenever your balance is low.
Instant notifications. Receive mobile notifications instantly each time a transaction is made.
Fees and limits
Monthly fee. YouTrip has a S$0 monthly fee.
Card fee. You will need to pay S$10 to have your card delivered or replaced, should you need to.
Overseas cash withdrawal fee. S$5 (or an equivalent in the country’s local currency) will apply per withdrawal.
Account balance cap. You’re only allowed to top up or hold up to $5,000 in your YouTrip account at any point in time, regardless of currency.
Annual transaction limit. You can only transact up to $30,000 (or equivalent in other currencies) per annum. This includes overseas ATM withdrawals.
Can I withdraw cash with YouTrip from ATMs in Singapore?
Currently (January 2023), you’ll be unable to make cash withdrawals from local ATMs with the YouTrip card. However, this feature may be available in the future, so stay tuned for further updates.
The verdict
YouTrip comes with several benefits that make it an account worth considering. These include no foreign currency conversion fees, no ongoing fees, and a useful app to monitor your spending.
However, you are currently unable to withdraw SGD from Singapore ATMs, so this should be considered if you aren’t using it just for travel abroad.
How to sign up
Start by downloading the mobile app and follow its guided sign-up process, which can be completed in as fast as 3 minutes.
First-time users can order a free contactless YouTrip Mastercard and begin using your account once you receive it. Do note that the minimum top-up value to your YouTrip account is S$20.
Register for a YouTrip account in four steps:
Account registration. Get started by clicking Go to site on this page.
Use our promo code FINDER5 to receive $5 once you’ve successfully created an account.
Card issuance. After you’ve signed up, a YouTrip card will be sent to you by mail within five to eight working days.
Card activation. Once you’ve received the YouTrip card, proceed to register and activate it on the YouTrip app.
Load funds. Upon card activation, you’ll be able to link your bank account to your YouTrip account so you can start topping up your YouTrip account.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
YouTrip was the first company in Singapore to be granted an electronic money (prepaid) licence from Mastercard to issue multi-currency prepaid cards directly to its users. This allows the company to assume the role as its own stored value facility holder. YouTrip is also a regulated remittance business with the Monetary Authority of Singapore (MAS).
All customers’ funds are held in segregated bank accounts, separate from YouTrip’s own company bank accounts. This means that your money will be protected even in the event that the company falls into insolvency.
In terms of mobile security, YouTrip’s app is protected by a password, face, or fingerprint ID. If your card is lost, stolen or compromised, you can lock and replace your card from the app immediately.
YouTrip earns its revenue by receiving a small commission from merchants each time you spend on your YouTrip Mastercard. However, YouTrip does not profit directly from users through any mark-ups on your purchases or exchange rates.
No, you don’t need to. The foreign currency conversion will be conducted at the point of purchase, so you can pay directly in over 150 supported currencies without incurring fees.
If your YouTrip Mastercard was misplaced, stolen, or compromised, make sure to deactivate the card from the app. If you’d like to order a new card, you’ll need to pay a S$10 card replacement and delivery fee. The card replacement may be ordered directly through the YouTrip app.
Yes, you can top up your mobile wallet anytime through your app as long as you have access to the Internet and are able to receive the OTP (One-Time PIN) that will be sent to your phone number as required by your credit or debit-issuing bank.
As long as you’re a Singapore resident above the age of 15 with a valid NRIC or foreigner pass, you may apply for a YouTrip account. There is also no income requirement.
YouTrip’s auto exchange lets you monitor live exchange rates and exchange SGD to up to 10 foreign currencies. Before you exchange currency, make sure your YouTrip account has sufficient funds in Singapore Dollar (SGD). Next, select the currency you wish to exchange your SGD for.
For example, if you’ve selected AUD, the SGD to AUD exchange rate will be displayed on the YouTrip app. If you’re agreeable with the rate, simply tap on “confirm” to complete the currency exchange.
Zyane Tan is an editor at Finder. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. When she’s not busy typing away, she’s reading and musing over a pint.
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