What is YouTrip?
YouTrip is a Singapore-based fintech company that offers a multi-currency prepaid Mastercard designed for travelers. The card allows users to make payments in over 150 currencies with competitive exchange rates and low fees.
Can You Use YouTrip in Singapore?
Yes, YouTrip can be used in Singapore for both online and offline transactions.
In-Store Purchases
You can use your YouTrip card to pay at any store in Singapore that accepts Mastercard. Simply tap your card on the contactless reader or insert it into the chip reader.
Online Purchases
You can also use your YouTrip card to make online purchases from Singaporean websites and international merchants. However, some merchants may not accept YouTrip, so it’s always best to check before completing your purchase.
ATM Withdrawals
You can withdraw Singapore dollars (SGD) from ATMs in Singapore using your YouTrip card. However, there is a S$5 fee per withdrawal.
Fees and Exchange Rates
YouTrip charges a flat fee of 1% on all foreign currency transactions. However, this fee is waived for in-store purchases in Singapore.
YouTrip’s exchange rates are competitive and typically close to the mid-market rate. You can check the latest exchange rates on the YouTrip app.
Alternatives to YouTrip
If you’re looking for an alternative to YouTrip, there are a few other options available in Singapore:
- Wise
- Revolut
- DBS Multi-Currency Account
- OCBC 360 Account
Each of these options has its own advantages and disadvantages. It’s important to compare them carefully before making a decision.
How to Apply for a YouTrip Card
Applying for a YouTrip card is easy and can be done online. Here’s how:
- Visit the YouTrip website or download the YouTrip app.
- Click on the “Apply Now” button.
- Enter your personal information and contact details.
- Submit your application.
Your application will be processed within 2-3 business days. Once approved, you will receive your YouTrip card by mail.
Conclusion
YouTrip is a convenient and affordable way to make payments in Singapore and overseas. With its competitive exchange rates and low fees, it’s a great option for travelers.
Frequently Asked Questions
Can I use YouTrip to pay for public transport in Singapore?
Yes, you can use your YouTrip card to pay for public transport in Singapore, including buses, trains, and the MRT.
Can I use YouTrip to withdraw money from ATMs in Singapore?
Yes, you can use your YouTrip card to withdraw Singapore dollars (SGD) from ATMs in Singapore. However, there is a S$5 fee per withdrawal.
What is the maximum amount I can withdraw from an ATM using YouTrip?
The maximum amount you can withdraw from an ATM using YouTrip is S$2,000 per day.
Can I use YouTrip to make online purchases from Singaporean merchants?
Yes, you can use your YouTrip card to make online purchases from Singaporean merchants. However, some merchants may not accept YouTrip, so it’s always best to check before completing your purchase.
