Multi-currency accounts are no longer just a travel hack — they’re a financial must-have in Singapore.
If you’ve ever been hit with sneaky foreign transaction fees or questionable exchange rates while travelling, you’ll know the importance of having the right multi-currency card. In Singapore, one of the popular options is the UOB Mighty FX account, often paired with the UOB Mighty FX debit card.
But how does it stack up against other travel card alternatives like YouTrip? This guide dives into a full UOB Mighty FX review — from its features, fees, benefits, and overseas ATM withdrawal charges, to how it compares with alternatives.
Whether you’re a frequent flyer, an online shopper dealing in foreign currencies, or just planning your next holiday, here’s everything you need to know about the UOB Mighty FX card before you decide if it’s right for you.
💜 Stay Up To Date:
– eSIM Singapore Guide 2025: Best Travel eSIMs, Cheap Options & Tips
– Chocolate Finance Singapore Guide 2025: Rates, Miles, Withdrawals
– Car Rental JB Guide For Singaporeans 2025: Everything You Need to Know
📚 Table of Contents:
- What is UOB Mighty FX?
- UOB Mighty FX Debit Card: Features & Benefits
- Rates & Fees
- Account Fees & Eligibility
- How Do I Use UOB Mighty FX?
- How to Get a UOB Mighty FX Account
- Pros & Cons
- UOB Mighty FX vs YouTrip
- About YouTrip
- FAQs
What is UOB Mighty FX?
Image Credits: DollarsAndSense.sg
The UOB Mighty FX account feature lets you hold and spend in 11 foreign currencies directly from your UOB account. It’s not a separate account, but an add-on to these UOB products:
- UOB One Account
- KrisFlyer UOB Account
- UOB iAccount
- UOB Wealth Premium Account
- UOB Privilege Account
With Mighty FX, you can:
- Spend with the UOB Mighty FX debit card without extra FX transaction fees
- Convert SGD into 11 currencies
- Lock in UOB FX rates before you travel
📖 Explore next: Wise Card Singapore Guide (2025): Fees, Limits, Exchange Rates
UOB Mighty FX Debit Card: Features & Benefits
The UOB Mighty FX card gives you:
- No FX fees when spending from a funded foreign currency wallet
- Ability to lock in rates in advance
- Overseas ATM withdrawals (flat S$5 per transaction)
- Seamless integration with your main UOB account
📖 Read: Chocolate Finance Singapore Guide 2025: Rates, Miles, Withdrawals
UOB Mighty FX Rates & Fees
- FX rate: Bank-determined, no extra markup on card spend. But rates may not be as competitive as mid-market or Mastercard wholesale rates.
- Annual Fee: S$18 (waived for first 3 years; waived yearly if you make 12 transactions).
- Overseas Withdrawal Fee: Flat S$5 per transaction.
- ATM Withdrawal: Deducted directly from your foreign currency wallet.
- Minimum Balance: None for the feature itself, but your base UOB account may require one (e.g., S$1,000 for UOB One).
📖 Read all about: Instarem Amaze Card Singapore Guide 2025: Fees, Rewards & Is It Worth It?
UOB Mighty FX Account Fees & Eligibility
The UOB Mighty FX account can be linked to several UOB base accounts, each with different eligibility criteria and fees.
| Linked Account | Age Eligibility | Initial Deposit | Account Fees |
|---|---|---|---|
| UOB One Account | 18 years & above | Min. S$1,000 | Fall-below fee: S$5/month if balance < S$1,000 |
| KrisFlyer UOB Account | 21 years & above | Min. S$1,000 | Fall-below fee: S$2/month if balance < S$1,000 |
| UOB iAccount | 21 years & above | Min. S$3,000 | Service fee: S$2/month; Fall-below fee: S$7.50/month if balance < S$3,000 |
| UOB Wealth Premium Account | — | Min. S$100,000 | — |
| UOB Privilege Account | — | Min. S$350,000 | — |
- The UOB One Account and KrisFlyer UOB Account have lower initial deposits and fall-below fees, making them accessible for everyday users.
- The iAccount, Wealth Premium, and Privilege Accounts cater to higher balances and premium banking needs.
Understanding these requirements helps you choose the account that best fits your travel and spending habits.
💡 Looking for a simpler, standalone travel solution without worrying about deposits, annual or fall-below fees? Try YouTrip, a multi-currency wallet with the best rates in 150+ countries and zero fees – making it a convenient alternative for frequent travellers.
📖 Related: OCBC Multi-Currency Account Guide: OCBC Global Savings Account (2025)
How Do I Use UOB Mighty FX?
With the UOB Mighty FX debit card, you can hold, exchange, and spend in 11 foreign currencies (AUD, CAD, CHF, CNY*, EUR, GBP, HKD, JPY, NZD, SGD, USD) directly from your currency wallets — excluding CNH.
Manage your UOB Mighty FX account easily via the UOB Mighty app, which lets you track expenses and perform currency exchanges on the go. Note that UOB FX rates are bank-determined and may differ from mid-market rates on Google or xe.com.
While travelling, you can also make overseas ATM withdrawals from your currency wallets at a flat fee of S$5 per transaction, giving you predictable costs when accessing cash abroad.
📖 Find a Money Changer Near Me: 14 Best Money Changers In Singapore (2025)
How to Get a UOB Mighty FX Account
- Open one of the eligible UOB accounts (e.g., UOB One Account).
- Maintain the minimum balance (e.g., S$1,000 for UOB One) to avoid monthly fees.
- Activate Mighty FX via the UOB TMRW app.
From there, you can view live UOB FX rates, make conversions, check your UOB Mighty FX balance, and manage multiple wallets.
📖 Discover the Best Singapore Credit Card For Overseas Spending (2025)
UOB Mighty FX Review: Pros & Cons
✅ Pros
- Integrated with your UOB account
- No FX fees on wallet spends
- Can help you qualify for bonus interest/miles
❌ Cons
- UOB Mighty FX rate is usually less competitive than YouTrip’s wholesale rates
- Limited to 11 currencies
- Annual fee applies (unless waived)
- S$5 ATM withdrawal fee per transaction
📖 Everything you need to know: UOB One Account Singapore Guide: Interest Rates, Minimum Balance, Card Review
UOB Mighty FX vs YouTrip
| Feature | UOB Mighty FX | YouTrip |
|---|---|---|
| Account Type | Linked to UOB bank account | Multi-currency wallet |
| Currencies | 11 | 12 wallet currencies 150+ countries |
| Exchange Rate | UOB bank rate | Mastercard wholesale rate |
| Annual Fee | S$18 (waived with conditions) | None |
| ATM Withdrawal | S$5 per withdrawal | Free up to S$400/month; 2% fee imposed after |
| Key Benefit | Seamlessly linked to UOB account, bonus interest/miles potential | Best exchange rates, no hidden fees |
⚖️ Verdict:
- Choose UOB Mighty FX if you value all-in-one banking and already use UOB for savings or credit cards.
- Go with YouTrip if you want the best exchange rates, zero annual fees, and access to 150+ currencies — perfect for hassle-free travel.
📖 Travel smart: Best Citi Miles Credit Cards in Singapore: PremierMiles, Prestige, Rewards (2025)
About YouTrip
If you’re comparing the UOB Mighty FX Account against other alternatives in Singapore, one of the most popular would be YouTrip.
YouTrip is a multi-currency e-wallet and prepaid Mastercard designed for travellers. It supports spending in 150+ countries with zero foreign transaction fees and lets you lock in competitive rates across 12 popular currencies.
YouTrip is especially useful if you want to lock in favourable exchange rates before your trip, spend without worrying about DCC, or withdraw money overseas without hefty fees.
📖 Also check out: Trust Bank Singapore Guide: Credit Card & Cashback Card Review (2025)
How to use YouTrip overseas?
- Top up your YouTrip wallet in SGD using PayNow, a linked bank account, or credit/debit card.
- Lock in foreign exchange rates in the app before your trip for 12 popular currencies
- Use the YouTrip Mastercard overseas for shopping, dining, and transport — it’ll automatically deduct from the right currency wallet or auto-convert SGD at wholesale rates.
- Withdraw cash overseas (free up to S$400/month*).
- Avoid DCC by always choosing to pay in the local currency.
👉 In short: The UOB Mighty FX is your all-in-one banking pick if you already use UOB for savings or credit cards. While YouTrip is the more cost-effective pick if you want to shop, eat, and travel abroad without worrying about hidden FX fees.
📖 Read next: Find out what’s up with the SGD To MYR Rate Today: Best Exchange Rates, Forecast & Where to Change Money
FAQs:
Q: What is the best multi-currency account in Singapore?
If you want the lowest fees and best exchange rates, YouTrip and Wise are strong contenders. If you’re a UOB customer who values integration, Mighty FX is a solid choice.
Q: How to get 7.8% interest in UOB?
With the UOB One Account (an eligible Mighty FX base account), you can earn up to 7.8% p.a. interest by meeting conditions like:
- Credit card spend
- GIRO payments
- Monthly salary credit
(Note: Interest tiers apply, so check UOB’s site for the latest details.)
Q: Can I receive USD in my UOB account?
Yes, you can receive USD directly into your UOB Mighty FX USD wallet.
Q: Can I use my UOB Mighty FX card for ATM withdrawal?
Yes. There’s a flat S$5 fee per overseas ATM withdrawal.
Q: Is there a minimum balance for UOB Mighty FX?
The feature itself has no minimum balance, but your linked UOB account (e.g., UOB One Account) may require one to avoid fall-below fees.
Q: What are the UOB Mighty FX benefits?
The main benefits include:
- Holding multiple currencies
- Avoiding FX transaction fees
- Convenient ATM access abroad
- Integration with your main UOB banking relationship
Final Thoughts
The UOB Mighty FX card is great if you’re already a UOB customer and want everything in one place. But if your priority is saving money while travelling, YouTrip’s better FX rates, zero annual fees, and broader currency support usually make it the smarter choice.
Not a YouTrooper yet? Singapore’s go-to multi-currency wallet helps you save with great FX rates and zero fees. Skip the money changer and get a free YouTrip card + S$5 YouTrip credits with code <YTBLOG5>.
Then, head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. Join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more!
Happy travels!
Related articles
GXS Bank Vs Trust Bank Singapore: Which Digital Bank is Better in 2025
Best Miles Credit Card in Singapore For Overseas Spending (2025)
Western Union Guide: All You Need To Know About Sending Money Overseas
