Revolut vs YouTrip Full Comparison 2022

Revolut calls itself a financial super app, with tools for managing your money across currencies, budgeting, spending and investing. YouTrip describes itself as a multi-currency travel wallet and money changer app, offering ways to spend, change and store currencies for free. But which is better?

This guide covers all you need to know about whether Revolut or YourTrip is cheaper, which is faster, and which is easier to use. We’ll also show a side by side feature comparison so you can pick the right one for you.

Summary: YouTrip can be a handy tool for people looking for a travel-focused way to hold and exchange major currencies, or spend and make cash withdrawals around the world. However, Revolut offers a broader range of account services, and more currencies, which may mean it appeals to more customers.

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Revolut vs YouTrip: side by side

FeatureRevolutYouTrip
Access and manage your accountOnline and in-appIn-app only
Send payments to

Other Revolut users, plus bank accounts in 200+ destinations

Other YouTrip users, in 10 currencies
Currencies available for holding and exchangeAvailable for 28 currenciesAvailable for 10 currencies
Debit card availableYY
Spend with your card in150 currencies150 currencies
Budgeting featuresYN
InvestmentsYN
Junior accountsYN
Save and earn interestYN
Fully licensed and regulatedYY

So, to summarise:

  • Both Revolut and YouTrip offer international accounts with linked cards - Revolut has more currencies compared to YouTrip

  • Both providers are intended to be used in-app, but Revolut does also offer desktop site access

  • Revolut offers free and fee-paid account options, YouTrip accounts are free to open

  • Revolut international payments can be made to other Revolut accounts, or to regular bank accounts, YouTrip customers can only send money to other YouTrip accounts

  • Revolut offers other account features like saving and budgeting tools, investments and accounts for kids 

  • Both providers are fully regulated

YouTrip’s services are built with a focus on travel and online shopping with international retailers. You can’t send money to bank accounts from your YouTrip account, for example - but you can use your card for spending and withdrawals around the world. 

Revolut account features cover more types of service, like investing and saving, as well as international transfers to regular bank accounts. If that’s what you need, Revolut can offer a more intuitive and cheaper service than traditional banks and investment brokers. 

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The important bits


RevolutYouTrip
Monthly account feesStandard plans are free. Other account tiers cost from 9.99 SGD to 19.99 SGD/month</p>Free
RatesMid-market exchange rate is available up to account limits, fair usage fees apply after that</p>
Out of hours and exotic currency conversion fees may apply
Mid-market exchange rate with no markup
Transfer fees

It’s free to send money to other Revolut users
For bank transfers, there’s a 5 SGD for payments in USD, EUR, GBP or CHF - 9 SGD for all other currencies

It’s free to send money to other YouTrip users
International bank transfers are not available
SpeedTransfers to Revolut accounts may be instant 
International bank payments take 5 working days
Transfers to YouTrip accounts may be instant 
ServiceOnline, in app and by phoneOnline, in app and by phone
SafetyFully regulated and licensedFully regulated and licensed
Reviews 

Listed on Trustpilot - 4.4 star, Excellent, 107,000+ reviews

Listed on Seedly.sg - 4.7 star, 550 reviews

Monthly account fees: YouTrip has no monthly account fee. Revolut customers can open a free account or upgrade to a fee paid account tier

Rates: Both providers use the mid-market rate for currency conversion, but Revolut may charge out of hours, exotic currency or fair usage fees

International transfer fees: Both providers offer free transfers to other customers using the same app. Revolut also offers international bank payments, and charges 5 SGD for payments in USD, EUR, GBP or CHF - 9 SGD for all other currencies

Speed: Transfers to other app users are instant. Revolut bank transfers can take 5 working days

Service: Both providers offer service online, in-app and by phone

Safety: Both providers are fully licensed and regulated

Reviews: Revolut gets an Excellent review rating on Trustpilot with over 100,000 reviews listed. YouTrip isn’t on Trustpilot, but does get a 4.7 star review on Seedly, with 550 reviews posted

Pros and cons


RevolutYouTrip
Pros
  • Broad range of account features including multi-currency functionality
  • All accounts offer some free currency conversion
  • Spend with your linked card
  • Send money to other Revolut users or bank accounts around the world
  • Accounts are free
  • Hold and manage 10 currencies and spend with your linked card all over the world
  • No fee to send money to other YouTrip customers
  • Manage your card in the YouTrip app
Cons
  • Some account features are only available if you pay a monthly fee
  • Transaction fees can apply
  • You can’t send money to bank accounts
  • There are transaction fees including withdrawal charges and some top up fees

Revolut Vs YouTrip: The verdict

YouTrip offers handy services for people looking to access a fee-free card to spend and make withdrawals in 10 different currencies. That’s great if you travel or shop online with retailers based overseas. Accounts are free to open and the exchange rates are good. However, there are some transaction fees and limits you’ll want to know about before you sign up.

Revolut on the other hand offers a more comprehensive suite of account options including more currencies, bank transfers, saving and budgeting tools, kids accounts and investment possibilities. If you’re looking for a broader range of ways to manage your money on the move through a smartphone app, Revolut might suit you better - but you’ll need to pay a monthly fee to unlock all the account features available. 

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About Revolut and YouTrip

Revolut was set up in 2015, and now has over 15 million customers. Revolut accounts allow customers to hold and exchange 30 currencies, and spend with a linked debit card in 150 currencies.

Revolut offers several different account options which come with varied fees and features to suit different customer needs.

YouTrip was founded in 2018, and operates out of Singapore, Hong Kong and Thailand, with multi-currency cards backed by Mastercard, and mobile wallets for 10 currencies.

It’s free to open a YouTrip account, but there are a couple of transaction fees to pay depending on how you use your account.

How do they work?

Revolut offers free and paid account tiers, and all users can send money to other Revout accounts or bank accounts in a range of currencies.

Once you have an account you can make an international payment with Revolut by taking the following steps:

  1. Log into your account or open the Revolut app

  2. Tap Payments, then Transfers

  3. Tap Send, New, and Add a bank recipient

  4. Enter the bank transfer details for your recipient

  5. Tap on the beneficiary, choose the currency you want to send and add the amount

  6. Add a payment reference

  7. Tap Continue to review your transfer details and estimated arrival time

With YouTrip you’ll be able to send money to other YouTrip customers, in any of the 10 supported currencies. You can do this in the YouTrip app by taking the following steps: 

  1. Log into your account no the YouTrip app

  2. Tap the Send Money option on the home screen

  3. Allow the app to access your phone contacts to select a recipient, or enter the phone number of the person you’re paying

  4. Select the currency you want to sed and add the amount

  5. Slide to send once you’ve checked all the details

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Revolut vs YouTrip Fees

Revolut and YouTrip work quite differently when it comes to costs. Both offer accounts which are free to open, but with revolut you can also choose to upgrade to a fee paid account tier to unlock more features:

Personal account typeRevolut standard PlanRevolut  premium PlanRevolut  Metal Plan
Monthly feeFree9.99 SGD19.99 SGD

Sending payments can work differently with Revolut compared to YouTrip, too. Both providers offer customers free ways to send money to other people using the same app. Transfers like this are instant and can be made in any of the supported currencies in your account.

Aside from this, Revolut also offers international payments which can be deposited right into bank accounts around the world. Revolut international bank transfers typically come with 3 potential fees:

  • Transfer fee: 5 SGD for payments in USD, EUR, GBP or CHF - 9 SGD for all other currencies

  • Third party fees: international transfers are sent using the SWIFT network and may incur intermediary fees

  • Currency exchange fee: 0.5% variable fair usage fee for currency exchange over your plan’s allowance (5,000 SGD for the standard plan). Out of hours and exotic currency fees can also apply.

Revolut vs YouTrip: which is cheaper? 

Revolut and YouTrip both offer free payments to other account holders, which can make them a fast, safe and easy way to get money to another friend who uses the same app. 

Revolut also offers international payments to bank accounts, which can work out far cheaper than sending money direct from your normal bank. Here are the basic costs for a range of international bank transfers with Revolut, for reference.

Sending SGD so your recipient getsRevolut costs
1,000 USD

5 SGD + possible third party fees (5 SGD transfer fee)

10,000 USD

30 SGD + possible third party fees(5 SGD transfer fee + 25 SGD fair usage fee)

1,000 EUR

5 SGD + possible third party fees (5 SGD transfer fee)

10,000 EUR

30 SGD + possible third party fees(5 SGD transfer fee + 25 SGD fair usage fee)

Revolut vs YouTrip: which is faster?

Sending money from one Revolut account to another - or one YouTrip account to another is instant.

How long a payment send directly to a bank account will take with Revolut depends on where you’re sending money to:

  • Domestic payments under 200,000 SGD will be almost instant

  • Domestic payments over 200,000 SGD will take 3 business days

  • Other payment destinations can take up to 5 business days

Safety

Both Revolut and YouTrip are authorised by the Monetary Authority of Singapore (MAS). This makes them as safe as a regular bank for the services they offer.

Both providers also use a range of automatic and manual tools to make sure customer money is safe, such as verification processes, secure log in procedures, instant transaction notifications and in-app card management.

Ease of use

  • Creating an account: Create your account online or in app with Revolut, and in-app only with YouTrip

  • Making a transfer: Both providers allow customers to add funds to their account with a credit or debit card. Revolut also allows payments by bank transfer, and YouTrip accepts PayNow

  • Ways to send money: Both services let you send money to other users who have the same app. You can also send payments to your recipient’s bank account directly with Revolut 

  • Minimum & maximum amounts: Sending limits can vary by destination country, and based on your account type

Supported currencies

Revolut account holders can hold and exchange 28 currencies, and send payments to 200 countries.

YouTrip supports 10 currencies for holding and exchange - 

  • Singapore dollar (SGD)

  • US dollar (USD)

  • Euro (EUR)

  • British pound (GBP)

  • Japanese yen (JPY)

  • Hong Kong dollar (HKD)

  • Australian dollar (AUD)

  • New Zealand dollar (NZD)

  • Swiss franc (CHF)

  • Swedish krona (SEK) 

You can send money to other YouTrip account holders in any of these currencies.

Conclusion

If your focus is on having a multi-currency travel account to hold and exchange any of the 10 YouTrip supported currencies, this could be a handy tool. You’ll be able to spend and make withdrawals using your linked card - and there are no fees to open your account in the first place.

However, if you want to get access to more currencies, or you’re looking for a broader selection of services, Revolut might be your better bet. You can open a free standard account to get a pretty good range of features, or upgrade to a fee paid plan for even more ways to manage your money across borders.

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FAQ

Is Revolut or YouTrip cheaper?

Both offer free to open accounts, and free ways to send money to other account holders. Which works out cheaper for you will depend on the way you use your account, as both providers have some transaction fees based on the services you choose.

Is Revolut or YouTrip faster?

Payments sent from one Revolut account to another, or one YouTrip account to another, are usually instant.

How many currencies do Revolut and YouTrip support?

Revolut supports 28 currencies for holding and exchange, YouTrip supports 10.

By Ileana Ionescu
Updated 24 August 2022