Revolut is a multi-currency app and card whose free Standard plan charges no exchange fee on weekdays, up to S$5,000 a month. Past that limit a 1% fee applies, and exchanges made outside foreign exchange market hours, weekends included, also cost 1%. Any Revolut review for Singapore has to start with those two conditions, because they decide whether it is cheap for you.
It suits planners who convert before they fly. It suits last-minute weekend converters much less.
What Revolut Is and Who Regulates It
Revolut in Singapore is operated by Revolut Technologies Singapore Pte. Ltd. The MAS Financial Institutions Directory lists it as a major payment institution, and Revolut’s site gives the licence number as PS20200326. Its licensed services are account issuance, domestic and cross-border money transfer, merchant acquisition, e-money issuance and digital payment token services.
It is not a bank in Singapore. MAS states that e-money is not a bank deposit and is not protected by deposit insurance. Major payment institutions must safeguard customer money, for example in a trust account with a bank, by the end of the next business day.
So the usual rule for wallets applies: hold what the trip needs, not your emergency fund.
Revolut Review: Singapore Fees on the Standard Plan
The figures below come from Revolut’s Singapore Standard fees page and plans page, as at November 2026. The fees page states that its fees apply from 28 October 2026 and include GST.
| Item | What Revolut states (Standard plan) |
|---|---|
| Subscription | Free |
| Exchange on weekdays, within the limit | No fee, at Revolut’s own rate |
| Exchange limit | $5,000 a month, then a 1% fair usage fee |
| Exchange outside market hours, including weekends | 1% fee on all currencies |
| Overseas ATM withdrawals | Free up to $350 or five withdrawals a rolling month, then 2% (minimum $1.49) |
| ATMs in Singapore | Not permitted |
| Top-up by Singapore bank transfer | Free |
| Top-up by Singapore-issued debit card | 0.30% Visa, 0.51% Mastercard |
| Top-up by other cards | 2.08% international consumer debit, 1.12% commercial debit |
| First physical card | Free, but a delivery fee applies |
| Additional cards | $9 each, plus delivery |
| Transfers to Singapore bank accounts | Five free a month, then $2.99 each |
| Transfers to other Revolut users | Free |
| Overseas transfers in the recipient’s local currency | A percentage fee with a minimum that varies by currency, shown in the app |
| Overseas transfers in another currency | Flat $5 for US dollars, pounds, euros or Swiss francs; $9 for other currencies |
The fees page no longer lists credit cards among the top-up methods, so check in the app whether yours is accepted and what it costs.
The plans page defines the weekend as Friday 5pm to Sunday 6pm, New York time. In Singapore that runs from early Saturday morning to early Monday morning, so an exchange made very early on a Monday can still attract the fee.
Revolut describes its exchange rate as its own variable rate, set by Revolut. That is not the same promise as a mid-market rate, so compare the rate in the app with a reference rate on the day.
Paid plans raise the limits. The fees page gives Plus a $10,000 monthly exchange limit and Premium $15,000, each with a 0.5% fee above it, and Metal and Ultra no exchange limit. Subscription prices change, so check the plans page.
A Worked Example: Three Ways To Fund the Same Trip
Illustration only, using our own figures. You need $2,000 of yen for a week in Japan and $500 in cash.
| What you do | Fee on Standard |
|---|---|
| Convert $2,000 on a Wednesday | $0 |
| Convert $2,000 on a Saturday (1%) | $20 |
| Withdraw $500 overseas (2% of the $150 above $350) | $3 |
| Top up $2,000 with a Singapore Mastercard debit card (0.51%) | $10.20 |
The same trip costs $3 or about $33 in fees depending on timing and top-up method. For scale, DBS states a 3.25% foreign currency fee on its cards, which is $65 on $2,000.
A bigger month shows the other limit. Convert $6,000 for a family holiday and the last $1,000 attracts the 1% fair usage fee: $10.
The short version: Revolut Standard can cost nothing in exchange fees, but only if you convert on a weekday, stay under $5,000 a month and top up by bank transfer. Miss any of the three and a fee appears.
The Drawbacks
The weekend fee. Holidays often start on a Friday night. If the card converts at the till on a Saturday because you hold no yen, the 1% fee applies each time.
The monthly limit counts everything. The fee schedule says the $5,000 limit applies across all types of exchange in the app, not only travel money.
Card top-ups cost money. A Singapore debit card costs 0.30% or 0.51%, and an international debit card 2.08%. Your bank or card issuer may add its own fee.
The rate is Revolut’s own. With no stated benchmark, you have to check the rate yourself.
Delivery is not free. The first card is free, but the delivery charge is shown only in the app.
Who Revolut Does Not Suit
- People who convert at the airport or over a weekend rather than planning ahead.
- Households that exchange more than $5,000 a month and do not want a paid plan.
- Travellers who want cash from an ATM in Singapore before leaving.
- Anyone who prefers a single stated fee to a set of conditions.
Alternatives To Compare
- Wise: charges a conversion fee from 0.19% on every conversion, at the mid-market rate, with no weekday or weekend distinction on its pricing page. See our Wise review.
- YouTrip: states no conversion fee and $400 of free overseas ATM withdrawals a month. See our YouTrip review.
- A no-fee credit card: Trust Bank states that it adds no foreign currency fee on its credit cards. This is covered in our guide to the best credit cards for overseas spending.
The three wallets are compared line by line in Wise vs Revolut vs YouTrip. Revolut runs offers for new customers from time to time. They change, so check Revolut’s own page.
What To Do Next
- Convert your travel money on a weekday, and check the rate against a reference rate first.
- Add up every exchange you expect in the month, and see whether it stays under $5,000.
- Top up by bank transfer rather than by card where you can.
- Read how to pay less on overseas spending for the wider choices, including when a credit card is the better tool.
- Set the trip amount aside first with the budget planner.
