Planning to travel, shop, or send money abroad?
The Wise Card (formerly TransferWise) has become one of the most popular multi-currency cards in Singapore. With transparent fees and mid-market exchange rates, it appeals to frequent travellers, expats, and digital nomads. But is the Wise Singapore card really the best option for your overseas spending, or are alternatives like YouTrip more wallet-friendly?
This guide breaks down everything you need to know about the Wise Card in Singapore — from fees and limits to exchange rates and downsides — plus a side-by-side comparison with YouTrip.
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📌 Table of Contents:
- What is the Wise Card?
- Why Choose Wise Over a Bank Card?
- Wise Card Fees in Singapore
- Wise Card Singapore vs YouTrip Comparison
- Wise Card: Pros & Cons
- Verdict: Is It Worth Getting A Wise Singapore Card?
- About YouTrip
- How to use YouTrip overseas?
- Wise Card FAQs
What is the Wise Card?
Image Credits: Wise
The Wise Card is a multi-currency debit card linked to your Wise account. It lets you hold, send, and spend in 40+ currencies and is accepted in 160+ countries.
Its main advantage is the mid-market exchange rate — the same “real” rate you see on Google. Unlike traditional banks that add hidden markups, Wise charges a small, transparent fee on top of the mid-market rate.
👉 That’s why many travellers in Singapore consider Wise a cost-saving alternative to bank-issued credit and debit cards.
📖 Related guide: Revolut Singapore (2025): The Ultimate Guide To The Revolut Card, Account & Fees
Why Choose Wise Over a Bank Card?
Compared to traditional bank cards, the Wise Singapore card offers:
- Better exchange rates – Mid-market rates without hidden markups.
- Lower fees – All costs are shown upfront before you confirm a transaction.
- Faster transfers – Many payments arrive instantly or within 24 hours.
- Borderless account – Get local bank details in major currencies like USD, EUR, and GBP.
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Wise Card Fees in Singapore
Here’s what you’ll pay for using the Wise Card in Singapore:
- Card Order Fee: S$8.50 (one-time) for personal customers. Businesses pay S$4.
- Annual Fee: None.
- Virtual Cards: Free and compatible with Apple Pay & Google Pay.
- Transaction Fees: From 0.26% (varies by currency).
- Top-up Fees:
- Debit/credit card: From 0.43%
- PayNow & bank transfer: Free
- eGIRO: 0.3%
Wise Card Withdrawal Limit and ATM Fees
- Fee Withdrawals: Up to S$350/month or 2 withdrawals. A 1.75% fee applies thereafter.
- Annual spending limit: S$100,000
- Top-up limit: S$20,000
📖 Explore next: DBS Multi-Currency Account (MCA) Guide 2025: Features, Exchange Rates, Fees
Wise Card Singapore vs YouTrip Comparison
Both Wise and YouTrip are top picks for Singapore travellers. Here’s a side-by-side look:
| Feature | Wise | YouTrip |
| Exchange Rate | Mid-market rate | Wholesale exchange rate |
| Currencies Available | Hold 40+, spend in 160+ countries | Hold 12, spend in 150+ countries |
| Card Order Fee | S$8.50 | Free delivery |
| Annual Fee | None | None |
| Transaction Fees | From 0.26% *Fee varies by currency | None |
| Overseas ATM Withdrawal Fees | ✅ S$350/2 or less withdrawals free per month *1.75% fee applies thereafter | ✅ S$400 free per month *2% fee applies thereafter |
| Sending Money Overseas | Variable fee from 0.26% | Variable fee shown in-app |
| Bank Withdrawals | Same currency transfers: Often free Different currency transfer: Fee varies based on currency | 10 free bank withdrawals/month For more than 10 bank withdrawals: Request for a refund (S$10 processing fee) |
| Top-up Fees | ✅ Debit card: From 0.43% fee ✅ Credit card: From 0.43% fee ✅ PayNow: No fees ✅ Bank transfer: No fees ✅ Linked bank account (eGIRO): 0.3% fee | ✅ Mastercard credit & debit card, Visa debit card, PayNow: No fees ✅ Linked Bank Account (eGIRO): No fees ✅ Visa credit cards: 1.5% service fee |
| Limits | Top-up: S$20,000 Annual spending: S$100,000 | Top-up: S$20,000 Annual spending: S$100,000 |
⚖️ Summary:
- Wise Singapore → Better for holding many currencies and international transfers.
- YouTrip → Higher free ATM withdrawals & no FX fees, making it more convenient for frequent travellers and everyday overseas spending.
📖 For more information: YouTrip Vs Wise Card Comparison Guide
Wise Card: Pros & Cons
✅ Pros:
- Mid-market exchange rates and transparent fees
- 40+ currencies supported
- No annual fees
- Reliable global transfers
❌ Cons:
- Card order fee (S$8.50)
- Transaction fees start from 0.26% depending on the currency
- 2% fee for e-wallets and external account funding (fee varies by currency)
- Fewer free ATM withdrawals compared to competitors (up to S$350)
📖 Further reading: Read all about the Best Multi-Currency Cards In Singapore (2025): A Full Comparison Guide
Verdict: Is It Worth Getting A Wise Singapore Card?
The Wise Card in Singapore is a solid choice for:
- Travellers who want mid-market exchange rates
- Students or expats handling multiple currencies
- Anyone needing to send money overseas
But if your main goal is saving money while shopping and travelling, the YouTrip card often comes out ahead.
With no transaction fees, free card delivery, and higher ATM withdrawal limits, YouTrip is the more cost-effective option for many Singaporeans.
📖 Also check out: CashChanger.co Vs YouTrip: Where To Get The Best Exchange Rate In Singapore?
About YouTrip
If you’re comparing the Wise card in Singapore against other alternatives, 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 Wise Singapore card is better for holding many currencies and sending money overseas, 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
Wise Card FAQs
Q1: Which bank does Wise use in Singapore?
Wise is regulated by MAS and connects to the FAST network. Funds are safeguarded in partner banks like DBS, but account management is handled by Wise directly.
Q2: Does the Wise Singapore card have an annual fee?
No. Only a one-time S$8.50 card order fee applies.
Q3: What’s the withdrawal limit on the Wise Card in Singapore?
Up to S$350/month free, after which a 1.75% fee applies.
Q4: Can I use the Wise Card in Singapore for online shopping?
Yes. The Wise Card works for both in-store and online transactions, including Apple Pay and Google Pay.
Q5: Wise vs YouTrip Singapore — which is better?
Wise is better for managing multiple currencies and international transfers. YouTrip is better for fee-free spending and higher free ATM withdrawals.
Ready to Try YouTrip?
Find a card that suits your needs best — whether you’re looking for the best rates in town or one with zero fees.
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!
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