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YouTrip vs Revolut in Singapore
Which digital bank is right for you?
YouTrip and Revolut are two of Singapore’s newest and most popular digital payments service providers. As fintechs offering digital banking services, they both offer similar features such as low-cost global spending, money management tools and a smartphone app to keep an eye on your account. But which account is better suited to you?
In this review, we compare YouTip and Revolut side by side so you can see how they stack up and decide which one is better for you.
A quick review: YouTrip and Revolut
YouTrip
YouTrip is the first locally introduced multi-currency travel wallet that comes with a prepaid Mastercard. With the Youtrip card, you can make payments online and at POS (point-of-sale) terminals worldwide, in over 150 currencies without any fees. It also doubles up as an EZ-Link card that can be used to pay your public transport fares in Singapore.
The app also comes with a host of convenient payment features, such as the conversion and storage of 10 different currencies and 24/7 in-app exchange rate monitor.
Revolut
Revolut is a digital bank account and app that makes it easier to manage your money and spend it around the world. The main features of Revolut include allowing you to hold multiple currencies in your account, make international money transfers at the real exchange rate and get a simple view of your spending history with Revolut’s app.
There are three account tiers to choose from including one free account tier.
Verdict
Overall, both YouTrip and Revolut offer great features for those looking for an alternative mobile banking experience. Both offer low-cost money transfers, in-app currency exchange, security features such as being able to customise your card security settings or lock and unlock your card.
However, there are some key differences that can make one account better suited to you.
Revolut is the better option if you are looking to manage your finances, hold multiple currencies in the app, exchange cryptocurrencies or if make several free overseas ATM withdrawals per month. YouTrip is the app to go with if you prefer a simple multicurrency prepaid card that doubles up as an EZ-Link card for public transport.
Something else to keep in mind is the price: while both offer free accounts, all three of Revolut’s account tiers offer a wider range of features and perks.
YouTrip vs Revolut in Singapore: a side-by-side comparison
YouTrip |
Revolut Standard |
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| OVERVIEW | ||
| Description | Use promo code FINDER5 to earn $5 on signup. A prepaid Mastercard with no monthly fees, contactless payment features and fee-free transactions in over 150 currencies. NOTE: Promo code valid for new signups and Singapore residents only. |
Enjoy no monthly fees, competitive currency conversion rates, and spend in over 150 currencies with Revolut’s Standard card. |
| Monthly fees: | S$0 | S$0 |
| Card delivery | 5-8 business days | Up to 9 working days |
| Mobile wallets | Apple Pay, Google Pay | Apple Pay, Google Pay |
| Supported currencies | SGD, AUD, EUR, GBP, HKD, JPY, NZD, SEK, USD, CHF | AUD, CAD, EUR, GBP, NOK, SEK, USD, CHF, PLN, DKK, CZK, AED, HUF, BGN, RON, SAR, RUB, MXN, ILS, HRK, QAR |
| Fee-free ATM withdrawals limit | N/A | $350 per month |
| GLOBAL SPENDING | ||
| Currency conversion fee | 0% | 0.5% |
| Fee-free currency conversion limit | Unlimited | Up to S$5000 per month |
| EXTRA FEATURES | ||
| Benefits | Payment notifications Cashback Web app |
Payment notifications Bill splitting Spending categorisation Cryptocurrency Virtual cards Cashback Fast transfers Web app |
| Learn more |
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*We selected products from each provider that were the most comparable. You can find all available products on our review pages as well as the provider’s website.
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