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What is YouTrip? A Multi-Currency Travel Wallet in Singapore

YouTrip is a Singapore multi-currency wallet and Mastercard for travel spending. How it works, what to check on limits and fees, and its MAS licence.

  • By the Lookup team
  • Updated
  • 2 min read

YouTrip is a multi-currency wallet app and Mastercard debit card made for spending overseas. You top up in Singapore dollars, convert to a foreign currency in the app, and pay by card or phone wherever Mastercard is accepted. It is a Singapore-based service, regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution.

How YouTrip works

  1. Download the YouTrip app and register. You will need to verify your identity.
  2. Top up your wallet. YouTrip's support pages list methods such as linked bank cards, PayNow and bank transfer.
  3. Convert to the currency you need in the app, and hold multiple currencies in one wallet.
  4. Spend with the YouTrip card, or add it to a mobile wallet. You can also withdraw cash from ATMs overseas.

Exchange rates are shown in the app before you convert, so you can choose when to convert. Check YouTrip's current terms on how rates and any markups are applied before you travel.

Limits

Wallet and top-up limits have changed over time. Older guides, including earlier versions of this one, quote a S$5,000 wallet cap. More recent YouTrip support pages state a wallet cap of S$20,000, and top-up limits vary by method. Check the app or YouTrip's website for the current limits, since MAS rules and company policy both affect them.

Fees to check

Fees depend on the top-up method (for example some credit card top-ups may carry a fee), the ATM, and your account. Check YouTrip's fee page for the latest details on:

  • top-up fees by method;
  • overseas ATM withdrawal fees and monthly free withdrawal allowances;
  • any charges for cash-outs back to your bank.

Safety

YouTrip is a MAS-licensed Major Payment Institution. A stored-value wallet is not a bank account, so do not assume the same protections as a bank deposit, and check YouTrip's terms on how customer funds are safeguarded. If you want to confirm its licence, you can check the MAS Financial Institutions Directory. As with any card, turn on app notifications and lock the card from the app if it goes missing.

YouTrip or a bank card

Travel wallets can be cheaper than paying foreign transactions on a credit card, but a credit card may offer miles or cashback that outweigh the fees. Compare the exchange rate, fees and rewards for your trip before choosing.