{"id":50694,"date":"2026-06-10T09:56:31","date_gmt":"2026-06-10T09:56:31","guid":{"rendered":"https:\/\/www.you.co\/biz\/?p=50694"},"modified":"2026-07-23T05:38:42","modified_gmt":"2026-07-23T05:38:42","slug":"airwallex-vs-youbiz","status":"publish","type":"post","link":"https:\/\/www.you.co\/biz\/blog\/airwallex-vs-youbiz\/","title":{"rendered":"Airwallex vs YouBiz: Which Is Better for Singapore SMEs?"},"content":{"rendered":"\n

A side-by-side comparison of two ways to cut the fees on cross-border business spend<\/strong><\/h2>\n\n\n\n
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Airwallex and YouBiz are both MAS-licensed multi-currency business accounts built to reduce or eliminate the FX markups often charged by traditional business banking products. Both give you a multi-currency account, corporate cards, and unlimited 1% cashback.<\/p>\n\n\n\n

The honest split comes down to two things: what you actually pay each month<\/strong>, and what you’re optimising for<\/strong>. YouBiz costs S$0\/month with every feature included. Airwallex is free to start but gates higher card limits, approval workflows, and team seats behind paid plans, with Grow at S$79\/month and Accelerate from S$399\/month.<\/p>\n\n\n\n

If your company’s spend looks like Stripe subscriptions, AWS and OpenAI invoices, Meta and Google ad bills, and the odd overseas supplier payment, both will save you money versus a bank. The difference shows up in the fine print: how much you pay to unlock the features you need, what it costs to spend in a currency you haven’t pre-funded, and how many cards and teammates you can add before the bill starts climbing.<\/p>\n\n\n\n

Here’s a side-by-side comparison.<\/p>\n\n\n\n

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\u26a1 TL;DR: Airwallex vs YouBiz at a Glance<\/strong><\/h2>\n\n\n\n
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Feature<\/strong><\/th>YouBiz<\/strong><\/th>Airwallex<\/strong><\/th><\/tr><\/thead>
Monthly fee<\/strong><\/td>S$0\/month, all features included<\/td>Explore free (limited); Grow S$79\/month; Accelerate from S$399\/month (plan fees exclude GST)<\/td><\/tr>
Unlimited 1% cashback<\/strong><\/td>Yes, no minimum, no cap, on all eligible spend<\/td>Yes, on card spend<\/td><\/tr>
Card FX fee<\/strong><\/td>Real 0% FX at wholesale rates, 150+ spend currencies<\/td>0% from held balances; 0.4% (major) \/ 0.6% (other) above interbank to auto-convert<\/td><\/tr>
Cards included<\/strong><\/td>Up to 100<\/td>10 (Explore) \/ 50 (Grow) \/ unlimited (Accelerate)<\/td><\/tr>
Team \/ spend users<\/strong><\/td>Unlimited team members<\/td>5 free, then S$5\/user\/month<\/td><\/tr>
Currencies held<\/strong><\/td>8<\/td>20+<\/td><\/tr>
Card network<\/strong><\/td>Mastercard<\/td>Visa<\/td><\/tr>
Regulation<\/strong><\/td>MAS major payment institution; Mastercard Principal Member<\/td>MAS-licensed major payment institution<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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For businesses with regular overseas spend, FX costs and subscription fees often have a larger impact than headline rewards. A 3.25% bank FX markup on S$20,000 of overseas spend is around S$650 gone in a quarter. A “free” plan that caps you at 10 cards forces an upgrade the moment the team grows.<\/p>\n\n\n\n

YouBiz offers the full feature set<\/a>, real 0% FX, and 1% cashback for free.<\/p>\n\n\n\n

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Table of Contents<\/strong><\/h2>\n\n\n\n
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  1. What Is YouBiz?<\/strong><\/a><\/li>\n\n\n\n
  2. What Is Airwallex, and What Is It Used For?<\/strong><\/a><\/li>\n\n\n\n
  3. Pricing: What You Actually Pay<\/strong><\/a><\/li>\n\n\n\n
  4. Cashback: Airwallex vs YouBiz<\/strong><\/a><\/li>\n\n\n\n
  5. FX Fees and Overseas Spend: Airwallex vs YouBiz<\/strong><\/a><\/li>\n\n\n\n
  6. Cards, Currencies and Team Controls<\/strong><\/a><\/li>\n\n\n\n
  7. Transfers and Getting Set Up<\/strong><\/a><\/li>\n\n\n\n
  8. Which Is Right for Your Business?<\/strong><\/a><\/li>\n\n\n\n
  9. Airwallex vs YouBiz: FAQ<\/strong><\/a><\/li>\n<\/ol>\n\n\n\n
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    What Is YouBiz?<\/strong><\/h2>\n\n\n\n
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    \"YouBiz<\/figure>\n\n\n\n
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    YouBiz is the multi-currency business account from YouTrip, Singapore’s most-used travel wallet. It’s built for one job done well: cross-border business spend without the fees. You get a multi-currency account across 8 currencies, free physical and virtual Mastercard corporate cards<\/a> that spend across 150+ currencies at real 0% FX, and unlimited 1% cashback on all eligible spend, all at S$0\/month.<\/p>\n\n\n\n

    YouBiz is a Principal Member of Mastercard and a MAS-licensed major payment institution, so your funds are safeguarded under the Payment Services Act. Where Airwallex is a broad platform, YouBiz is a focused spend-and-expense account: corporate cards, card controls, and overseas payments, with nothing to upgrade to.<\/p>\n\n\n\n

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    What Is Airwallex?<\/strong><\/h2>\n\n\n\n
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    \"Airwallex<\/figure>\n\n\n\n

    Image Credits: Airwallex<\/em><\/p>\n\n\n\n

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    Airwallex is a global payments and financial platform founded in Melbourne in 2015, now dual-headquartered in Singapore and San Francisco. SMEs use it for multi-currency business accounts, corporate Visa cards, international transfers, expense management, and, for online sellers, collecting customer payments through a payment gateway. It’s a broad platform that scales from startups up to larger enterprises running multiple global entities.<\/p>\n\n\n\n

    In Singapore, Airwallex is a MAS-licensed major payment institution. Its business account holds 20+ currencies, its Visa cards charge 0% transaction fees when you spend from a held balance, and it offers unlimited 1% cashback on card spend.<\/p>\n\n\n\n

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    Pricing: What You Actually Pay<\/strong><\/h2>\n\n\n\n
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    This is the clearest difference between the two: <\/p>\n\n\n\n

    YouBiz is S$0\/month.<\/strong> Every feature comes on the free account: up to 100 corporate cards, unlimited team members, multi-condition approvals, merchant-category (MCC) locks, and real-time expense tracking<\/a>. There’s no premium tier, because nothing is held back.<\/p>\n\n\n\n

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    Airwallex charges in tiers (excluding GST):<\/strong><\/p>\n\n\n\n