Your Ultimate Guide: The Top 5 Multi-Currency Wallets for Savvy Singaporean Travellers (2025)
Cash Flow Mastery: Why Your Travel Card Matters
In an increasingly globalized Singapore, managing foreign currency transactions is a critical part of financial planning. The days of relying solely on money changers or expensive bank cards are over. Today, multi-currency wallets offer competitive exchange rates and minimal fees, allowing you to maximize every dollar you spend, whether you are traveling or shopping online.
At TallRock Capital, we view your choice of multi-currency wallet as a strategic decision—it should align with your spending habits, reward goals, and overall financial strategy. This guide breaks down the top 5 highest-rated and most popular options available in Singapore in 2025.
Quick Comparison: The Top 5 Multi-Currency Wallets
| Card/Wallet | Best For | Key Exchange Rate Type | Holding Currencies | Annual Fee |
|---|---|---|---|---|
| Revolut | All-in-one digital banking & budgeting | Revolut Interbank Rate | 30+ | Standard: Free (Paid tiers available) |
| YouTrip | Fuss-free travel spending | Wholesale Mastercard Rate | 12 (Spend in 150+) | None |
| Instarem Amaze | Stacking rewards on existing cards | Mid-market Rate + Low Markup | 11 | None |
| DBS Multi-Currency | Integration for existing DBS customers | DBS Bank Rates | 13 | None (May incur fall-below fee) |
| HSBC Everyday Global | Global banking access & integration | HSBC Bank Rates | 11 | None (Min. balance required) |
Detailed Review: Features, Pros, and Strategic Fit
1. Revolut: The All-in-One Financial Super App
Revolut is a financial technology powerhouse that goes far beyond simple currency exchange. It serves as a comprehensive platform for daily spending, budgeting, and even managing investments.
Strategic Fit: Ideal for the digital-savvy user who wants to consolidate multiple financial services—travel, budgeting, trading, and crypto—into one cohesive app experience.
Key Advantage: Access to advanced budgeting tools and investment options (stocks, crypto, commodities) within the same platform.
Pros: Very competitive exchange rates on weekdays; excellent digital features (disposable virtual cards, instant card freezing); supports 30+ holding currencies.
Cons: Fair usage limits and fees apply for currency exchange and ATM withdrawals on the free Standard plan; fees apply for currency exchange on weekends.
2. YouTrip: The No-Frills Traveler’s Essential
YouTrip, a popular homegrown multi-currency card, is designed with one primary goal: simplifying foreign currency spending with zero fees.
Strategic Fit: Best for the casual or frequent traveler whose main priority is seamless, fee-free spending across a wide range of countries without worrying about daily exchange limits.
Key Advantage: Zero foreign transaction fees and no fees or fair usage limits on currency exchange rates (uses the wholesale Mastercard rate).
Pros: Supports spending in over 150 currencies; simple, straightforward app interface; no annual fees.
Cons: Only allows holding of 12 currencies in the wallet; very limited features for daily/local use outside of travel; limited free overseas ATM withdrawal allowance.
3. Instarem Amaze Card: The Rewards Stacker
Amaze is unique because it's a debit card that allows you to link up to 5 of your existing credit or debit Mastercards. When you spend overseas, Amaze processes the transaction and passes on the charge to your linked card without adding an FX markup.
Strategic Fit: Perfect for the rewards chaser who wants to maximize their benefits by "stacking" rewards—earning the linked credit card's rewards (miles/cashback) while avoiding the bank’s typical 3.25% foreign transaction fee.
Key Advantage: Zero FX markup on the conversion rate and the ability to link existing credit cards to earn double rewards.
Pros: No annual fee; converts to SGD only (no need to pre-load foreign currency); allows stacking of rewards.
Cons: No multi-currency wallet functionality (only holds SGD); ATM withdrawals incur a fee.
4. DBS Multi-Currency Account (MCA)
The DBS MCA is a multi-currency bank account linked to the DBS Visa Debit Card, allowing customers to buy and hold foreign currency instantly via their digibank app.
Strategic Fit: Highly recommended for existing DBS customers who value convenience, integration with their main banking relationship, and the security of transacting with a major local bank.
Key Advantage: Deep integration with your existing DBS ecosystem (PayLah!, Multiplier Account), making foreign exchange instant and seamless.
Pros: Hold and exchange 13 major currencies; no fall-below fee for customers under 29; free international ATM withdrawals at specific partner ATMs (e.g., DBS Hong Kong).
Cons: Exchange rates are based on DBS bank rates, which may include a markup compared to interbank rates; a fall-below fee may apply for standard accounts.
5. HSBC Everyday Global Account (EGA)
The HSBC EGA is a sophisticated multi-currency account integrated with HSBC's global network, offering a single account for holding and transacting in multiple currencies.
Strategic Fit: Best for the global professional or expat who requires a global banking solution and frequently transacts or travels across multiple countries where HSBC has a presence.
Key Advantage: Global reach and fee-free ATM withdrawals at HSBC ATMs worldwide (with some exceptions).
Pros: No fees for transactions in currencies you hold; high ATM withdrawal limits; integration with the HSBC global network for seamless transfers.
Cons: May require maintaining a minimum balance (S$2,000) to avoid a fall-below fee; exchange rates are based on bank rates.
The TallRock Capital Advantage: Integrating Travel Spend into Your Financial Plan
While multi-currency wallets are excellent for daily transactions, the core challenge for successful professionals is integrating these foreign currency balances and spending habits into a holistic wealth plan. At TallRock Capital, we help clients use these tools strategically:
Strategic Liquidity Management: We help you determine the optimal amount of liquid cash to hold in these wallets versus placing funds in higher-growth investment vehicles or high-interest savings accounts. We ensure your spending money isn't eroding your long-term returns.
Fees vs. Rewards Optimization: We assess your total annual overseas spending to advise on whether you benefit more from the fee-avoidance of a card like YouTrip/Amaze (best for cost control) or the mileage accumulation of a premier credit card linked to your retirement goals (best for maximizing rewards).
Cross-Border Asset Efficiency: For expats and global citizens, we integrate foreign currency balances (held in these wallets or associated bank accounts) into your broader financial picture, ensuring currency fluctuations and international tax considerations don't derail your long-term investment strategy.
Ready to align your travel and spending with your long-term wealth goals? Contact TallRock Capital today for a complimentary financial review.
Disclaimer: This blog post is for informational purposes only. The features, fees, and exchange rates of multi-currency wallets are subject to change by the issuing financial institutions. Always consult the official terms and conditions before making a financial decision. This information does not constitute personal financial advice.