Demi ZhuangFINALLY! Here’s Revolut compared against other Multi Currency Cards like YouTrip, Trust Bank, Instarem and Wise… If you prefer watching a guide, here’s the video of the review.
How Does Revolut Rates Compare to Other Multi Currency Cards?
Realise all the green highlights are on…. 🫢 Revolut. The rate for Korean Won was better than all other Multi Currency Cards.
If you think I only compared Korean won, no. I did it for Japanese Yen too. Here’s the results.
Locking in Currencies in Advance Before Travelling
Korean won is a supported currency on Revolut and Wise which allowed me to lock in the rates in app. An extremely useful feature to secure rates just in case it goes down when you’re travelling. Do note that conversely, exchange rates could go up too but the way I look at it, it just means that I can change for more if it does go up. 🤪
Revolut supports 33 Currencies that allows you to lock in the rates in app - AED, AUD, BGN, CAD, CHF, CLP, COP, CZK, DKK, EGP, EUR, GBP, HKD, HUF, ILS, INR, JPY, KRW, KZT, MXN, NOK, NZD, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR.
There are 3 subscription plans that Revolut offers, the Standard plan is FREE for anyone to use. Revolut’s website has the comparison for what you’ll get going onto a paid subscription plan, details here.
In short, you get higher limits when it comes to ATM withdrawals and currency exchanges. But, the standard plan is more than sufficient for most people.
ATM Withdrawal limit (Standard Free Plan)
- Free for up to S$350 / 5 withdrawal per rolling month (check in app for the limit left)
- Beyond what is free Revolut charges, 2% of the withdrawn amount / S$1.49 (whichever is higher)
Currency Exchange limit:
- S$5,000 / month
- DO NOT change currencies on the weekend otherwise you’d be incurring a 1% fee. Lock in your rates on the weekdays and just spend using the card. Details here.
- If the country you are going to is not a supported currency then thats the other down side, don’t use Revolut, go with Wise or YouTrip.
The golden question…
Can you withdraw any balance back to your Singapore Bank Account?
YES!!! You can. 🎉
- 5 free Transfer per month back to a Singapore Bank Account.
Top up Fees:
- Topping up via Bank Accounts in SG is FREE
- Debit / Credit Card + Visa / Mastercard, various top up fees will apply. Check here.
The easiest way to fund Revolut is to set up eGIRO once. It links your SG Bank Account and topping up is seamless.
Fees for Physical Card:
- Free for first Revolut Card, if you urgently need it, express delivery fee at S$19.99
- First Replacement FREE
- Thereafter, S$9 / replacement
I’m going to Japan 🇯🇵 later in November and have not prepared my cash for the trip yet. Guess which card will I be using to get my hands on some yen? 😏
If you need further examples, I just did another exchange today (01 Nov, 12:42PM) on Revolut because Korean won was going up and it again, beat Wise.
Effective Rate on Wise after factoring in fees - 983.67
So what do you guys think? Will you use Revolut? Let me know your thoughts in the comments below. Full Video Guide and Review will be up on the Channel mid November! ☺️ If you have any questions, feel free to drop me a DM on Instagram here.
Not a sponsored post. In most cases, sponsored videos / posts do not allow comparisons. I just love doing these as it benefits me being here in Korea too! If you’re travelling anytime soon, have a great trip! ☺️