A complete guide to YouBiz: the multi-currency business account for Singapore SMEs
YouBiz is the Singapore multi-currency business account built by YouTrip and Mastercard for SMEs and founders who want to spend, hold, and exchange foreign currency without paying FX fees.
It costs S$0/month, offers unlimited 1% cashback on every eligible card spend, and uses real 0% FX fees at the Mastercard wholesale rate. Applying takes less than 5 minutes.
If you already use the personal YouTrip card for travel, the confusion is fair: both are by YouTrip, both run on Mastercard, both eliminate FX fees overseas. The difference is who they’re built for. YouTrip is for your holiday in Tokyo. YouBiz is for your company’s Stripe charges, AWS invoices, and overseas supplier payments.
YouBiz at a Glance
| Highlights | Details |
|---|---|
| What it is | Multi-currency business account + corporate card |
| Built by | YouTrip and Mastercard |
| Monthly fee | S$0 |
| FX fees | 0% at mid-market rate |
| Cashback | Unlimited 1% on every eligible card spend, no cap |
| Card scheme | Mastercard (virtual + physical) |
| Currencies | 8 currency wallets (hold, exchange, receive) |
| Top-up | PayNow, FAST transfer |
| Eligible for | Singapore-registered businesses |
| Regulated by | MAS, under the Payment Services Act |
For most Singapore businesses, the real cost of using a bank corporate card isn’t the annual fee. It’s the 2.5–3.5% FX markup baked into every overseas transaction, month after month. YouBiz is designed to remove that cost entirely. That’s why 10,000+ finance teams now use it to manage their cross-border business spend.
Table of Contents
- What Is YouBiz?
- How Does YouBiz Work?
- Is YouBiz a Credit or Debit Card?
- Who Can Sign Up for YouBiz?
- How to Top Up YouBiz
- YouBiz Fees and Pricing
- YouBiz vs YouTrip: Which One Do You Need?
- Pros and Cons of YouBiz
- YouBiz Login and Support
- FAQ
What Is YouBiz?
YouBiz is a multi-currency business spend account for Singapore-registered companies, launched by YouTrip. It bundles a free business account, virtual and physical corporate Mastercard cards, multi-currency wallets, and cashback in a single app.
It’s built for businesses that need to pay overseas suppliers, issue corporate cards with built-in expense controls, and manage cross-border cashflow without the FX markups charged by traditional banks. The cards run on the Mastercard network and are accepted at over 80 million merchants worldwide.
Is YouBiz a Bank?
No. YouBiz is a licensed e-money issuer regulated by the Monetary Authority of Singapore (MAS), not a bank. Funds are held in safeguarded accounts, separated from YouBiz’s own operating funds, in line with MAS Payment Services Act requirements. This is a regulatory safeguarding framework, but it’s different from bank deposit insurance.
Is YouBiz the Same as YouTrip?
No. Same company, separate products: YouTrip is a personal travel wallet, while YouBiz is a business account for Singapore-registered companies. They run on separate apps, accounts, and cards, and you can use both at the same time. The YouBiz vs YouTrip section below breaks down the differences side by side.
How Does YouBiz Work?
YouBiz works as a multi-currency wallet linked to a Mastercard corporate card. Your business can hold, exchange and spend in 8 currencies without paying FX fees on card transactions.
Every payment is processed through the relevant wallet currency for the merchant. If you don’t hold that currency, YouBiz automatically converts from your SGD wallet at the Mastercard wholesale rate.
Step-by-Step Guide: How to Use YouBiz
How to get started with YouBiz in 5 simple steps:
- Open an account
Sign up online in under 5 minutes via Singpass. Applications are typically reviewed within 1–2 business days. Once approved, your virtual Mastercard is activated immediately in the app.
- Top up via PayNow or FAST.
Transfer funds from your existing business bank account using PayNow or FAST — both are free.
- Hold or exchange up to 8 supported currencies
Convert SGD into any of the 8 supported currencies in-app, or keep funds in SGD and let YouBiz auto-convert at the point of transaction.
- Spend with your card
Use your virtual or physical Mastercard for local payments, overseas purchases, or supplier invoices.
- Earn 1% cashback
Every eligible card spend earns 1% cashback, credited monthly by the 15th of the following month.
YouBiz combines a corporate card and multi-currency account in one stack, replacing the need for separate banking tools, and removing FX markups in the process.
Is YouBiz a Credit or Debit Card?
Neither. YouBiz is a prepaid corporate Mastercard. You top up your YouBiz account first, then spend directly from your available balance. There’s no credit line, no monthly statement, no interest, and no minimum income or revenue requirement to apply for the card.
Why that matters:
- No credit check. You’re not borrowing money, so YouBiz doesn’t pull your business credit history. That makes it easier for startups and early-stage companies to get approved.
- No month-end bill shock. All spending is deducted instantly from your balance, so expenses are always visible in real time.
- No interest, no late fees. You can only spend what you’ve topped up, so there’s no debt cycle or repayment schedule.
Who Can Sign Up for YouBiz?
YouBiz is open to business entities registered in Singapore with ACRA. You’ll need an active business profile and at least one director or authorised representative who’s a Singapore resident with Singpass.
The most common eligible setups:
- Private Limited (Pte Ltd) companies
- Sole proprietorships registered with ACRA
- Partnerships and LLPs
How to Sign Up Step by Step
The fastest way to get started is via Singpass:
- Step 1: Go to you.co/biz. Start your application online.
- Step 2: Log in with Singpass. Your ACRA business profile and director details will be auto-filled, so no manual uploads are needed.
- Step 3: Confirm details and add team members. Review your company information and add any team members who need corporate cards.
- Step 4: Get approved and start using YouBiz. Applications are typically reviewed within 1–2 business days.
- Step 5: Once approved, your virtual Mastercard is issued instantly in the app. Physical cards arrive within 5–7 business days.
If you’re not a director or you’d rather submit manually, you’ll need:
- ACRA Business Profile dated within the last 3 months
- NRIC photo (front and back) of the applicant
- An authorisation letter if you’re applying on behalf of the business but aren’t a director
How to Top Up YouBiz
You can top up your YouBiz account in two ways for free:
- PayNow: make an instant transfer using YouBiz’s PayNow corporate UEN. This is the fastest option for quick top-ups during business hours.
- FAST bank transfer: transfer funds directly from your existing business bank account. Funds usually arrive within minutes during banking hours.
There’s no minimum or maximum top-up amount on YouBiz, though your bank may have its own transfer limits. You can top up your SGD wallet and let YouBiz auto-convert when you spend, or pre-fund a foreign currency wallet if you know you’ll be making payments in that currency.
For larger overseas invoices (e.g. USD supplier payments), pre-converting SGD into the relevant currency wallet can help lock in the exchange rate and reduce exposure to intraday FX movement.
YouBiz Fees and Pricing
Here’s a simple breakdown of the key fees and charges for using YouBiz:
| Fee | Amount |
|---|---|
| Monthly account fee | S$0 |
| Card fee (virtual + physical) | S$0 |
| FX fee on card spend | 0% (mid-market rate) |
| Local FAST/PayNow transfer in | Free |
| Overseas ATM withdrawal fee | Waived (ATM operator fees may apply) |
| International remittance | Up to 6x cheaper than traditional bank remittance |
| Cashback | Unlimited 1% on every eligible card transaction |
YouBiz Overseas ATM Withdrawals
- Withdrawal fee: Waived
- Daily ATM withdrawal limit: Depends on the card limit set by your admin/finance user, up to a maximum of S$20,000 (or equivalent in foreign currency) per card.
- Note: Some overseas ATM operators may charge their own fees, which are typically shown on-screen before you complete the withdrawal.
Tip: Always choose to withdraw in local currency. Selecting SGD may trigger Dynamic Currency Conversion (DCC), which adds a markup set by the ATM operator.
YouBiz vs YouTrip: Which One Do You Need?
Here are the key differences between YouBiz and YouTrip:
| Features | YouTrip | YouBiz |
|---|---|---|
| Who it’s for | Personal users | SG-registered businesses |
| Account type | Personal multi-currency wallet | Business multi-currency account |
| Card scheme | Mastercard | Mastercard |
| FX fee | 0% | 0% |
| Cashback | No (cashback on selected categories via Perks) | Unlimited 1% on all eligible spend |
| ATM withdrawal | First S$400/month free, then 2% | Waived for now (up to S$20,000/day) |
| Monthly fee | S$0 | S$0 |
| Multi-card | One card per user | Up to 100 virtual + physical cards (extendable on request), with spend controls |
| Xero integration | No | Yes |
| Best for | Travel + personal overseas spending | Business spend, employee cards, supplier payments |
If you’re a founder, freelancer, or SME paying overseas vendors, issuing team cards, or receiving foreign-currency invoices, YouBiz is the right account for you. For personal travel and everyday overseas spending, YouTrip is still the better fit.
Most Singaporean founders use both. They’re complementary, not substitutes.
For the full breakdown, see our YouBiz vs YouTrip comparison. And if you’re exploring multi-currency cards for personal travel spending, check out our guide to the best multi-currency cards in Singapore.
Pros and Cons of YouBiz
What’s genuinely good:
- 0% FX fees at the Mastercard wholesale rate on all card transactions, with no markup or hidden rate spreads.
- Free account and free cards. No monthly fee, no per-card charges, and no minimum spend requirements.
- Unlimited 1% cashback on eligible card spend, with no monthly cap.
- Up to 100 virtual and physical cards for teams (extendable on request), with spend limits, category controls, and approval workflows.
- Xero integration for real-time accounting sync, plus 50% off the first 6 months of Xero for YouBiz users.
- Fast Singpass onboarding. Apply in under 5 minutes, get approved in 1–2 business days, and start using your virtual card immediately.
- MAS-regulated under the Payment Services Act, with funds held in safeguarded accounts separate from company funds.
What to know before signing up:
- It’s a prepaid card, not credit. You spend only what you top up, which keeps cashflow clear and predictable.
- MAS-safeguarded, not bank deposits. Funds are held in trust under MAS Payment Services Act rules, separate from YouBiz’s own funds. It’s a regulated structure, but different from bank deposit insurance.
- Cash withdrawals are overseas-only. You can use the card for purchases locally and overseas, but cash withdrawals require an overseas ATM (fee currently waived, up to S$20,000/day per card). Singapore ATM withdrawals are not supported.
- Industry restrictions apply. Like most Singapore banks, certain categories are excluded, including adult entertainment, marijuana, embassies, precious metals, atomic power, firearms, casinos and gaming, and offshore shell companies.
YouBiz Login and Support
YouBiz is managed through the YouBiz mobile app (iOS and Android) and the YouBiz web dashboard. The web dashboard is mainly used for accounting setup and approval workflows, while the mobile app is where day-to-day spending, cashback tracking, and notifications happen.
For account access:
- App login: Open the YouBiz app and log in using your registered email and password, plus 2FA.
- Web login: Visit you.co/biz and use the account login button at the top right.
- Support: For help, you can use the following channels:
- In-app chat: Fastest option for transaction issues, card support, and account queries
- Email: youbiz.help@you.co
- Phone: +65 3129 8001 (Mon–Fri, 9am–6pm)
If you forget your password or lose access to 2FA, you can use the app’s account recovery flow. You’ll need to verify your registered email and Singpass details.
FAQs
Yes. YouBiz is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act. Customer funds are held in safeguarded accounts, separate from the company’s operating funds, in line with MAS requirements. This is not the same as bank deposit insurance, but it is a regulated safeguarding framework with MAS oversight.
No. YouBiz costs S$0/month with no annual fee, no per-card fees, and no minimum spend requirements.
Yes, if you are registered with ACRA as a sole proprietorship. You’ll need a Singpass login and an active ACRA business profile. If you’re an unregistered freelancer with no business entity, you can use YouTrip for personal overseas spending instead.
The Singpass application takes under 5 minutes for directors. Most applications are reviewed within 1–2 business days, after which your virtual Mastercard is issued instantly in the app. Manual applications may take longer due to document verification.
Yes. The YouBiz Mastercard works anywhere Mastercard is accepted globally, both online and in-store, with 0% FX fees on foreign currency transactions.
Yes. YouBiz integrates directly with Xero for real-time transaction syncing, so card spend and receipts flow automatically into your accounting system. The integration is set up via the web dashboard.
Yes, but only overseas. The YouBiz card works at overseas ATMs, with the withdrawal fee currently waived (ATM operator fees may still apply). There is a daily limit of up to S$20,000 per card, set by your admin. Always choose to withdraw in local currency to avoid Dynamic Currency Conversion (DCC) markups.
Note: Singapore ATM withdrawals are not supported.
Built for the Way Founders Actually Spend
Stripe fees, AWS invoices, overseas supplier payments, and USD ad spend — every foreign-currency transaction is usually a 2–3% bank markup. With YouBiz, you keep that cost at 0% FX and earn 1% cashback on the same spend, with no monthly fee.
Sign up at you.co/biz in under 5 minutes via Singpass. Approval typically takes 1–2 business days. Your virtual Mastercard is ready in the app right after approval, and your physical card arrives in 5–7 working days.
Already saving on overseas spend? Share the benefits with another business owner and earn S$50 each when they join YouBiz.
