facebookHow will the payment services act impact multi-currency cards like youtrip/revolut? Is there going to be a limit to how much money I can spend? - Seedly

Advertisement

Anonymous

03 Feb 2020

Credit Cards

How will the payment services act impact multi-currency cards like youtrip/revolut? Is there going to be a limit to how much money I can spend?

What are some foreseeable impacts on multi-currency cards that will be caused by the implementation of the payment services act?

Discussion (2)

What are your thoughts?

Learn how to style your text

For most of them, the maximum balance you can hold in your wallet is S$5,000 and the maximum amount you can spend from the card is S$30,000 annually.

No local ATM withdrawals too.

Pang Zhe Liang

14 Jan 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

For YouTrip, the daily transaction limit is SGD6,000. For Revolut, the limit will depend on your subscription.

Here is everything about me and what I do best.

Write your thoughts

Advertisement