Check this YouBiz business account review for business account features and fees in Singapore
Key takeaways
- YouBiz offers a multi-currency account built by YouTrip for businesses in Singapore
- Businesses can create and hold balances in nine currencies, receive payments with local account details, and send overseas transfers in 20 currencies
- Minimum and maximum transfer limits apply to all currencies and YouBiz does not publicly specify overseas transfer fees
- The World Account by WorldFirst is an alternative multi-currency account that supports 20+ currencies
YouBiz is a digital account designed by YouTrip for Singapore businesses handling both local and international payments.1 Instead of a traditional banking model, it brings together multi-currency accounts, corporate cards, international transfers and expense management in a single digital platform.
This review examines YouBiz’s business account, its key features, fees and payment capabilities, and compares it with the World Account from WorldFirst, which supports 20+ currencies for global business transactions.
What is YouBiz?
YouBiz is a digital multi-currency business account launched in 2022 for SMEs, startups and growing businesses in Singapore that work with overseas suppliers, international customers or distributed teams.
With a YouBiz business account, users can create currency accounts, hold and exchange funds, receive payments, send transfers to 150+ countries, and issue unlimited business debit cards. Applications are completed digitally and approved after identity and business verification.
Quick look: Pros and considerations of YouBiz
| Pros | Cons |
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Key features of the YouBiz business account
Multi-currency business account
YouBiz enables businesses to receive payments in nine supported currencies and transfer funds in 20 currencies including SGD, AUD, USD, MYR, GBP and more. Each supported currency includes its own local receiving account details, allowing businesses to collect payments without opening separate overseas bank accounts. Businesses can also convert currencies within the platform and hold balances until they are needed for future payments.
Corporate cards
YouBiz provides Mastercard corporate cards linked directly to the business account. Each card draws funds from the selected business account balance, allowing businesses to control spending without using borrowed funds.
Businesses can issue unlimited corporate cards for employees, assign spending limits, restrict merchant categories and monitor transactions in real time. Cards also offer unlimited 1% cashback on eligible purchases and no FX fees when paying in supported foreign currencies.
Expense management
YouBiz includes built-in expense management with user roles, approval workflows, card spending limits and accounting exports. Employees can upload receipts, add transaction notes and categorise expenses through the mobile app.
Xero integration
YouBiz supports exports to Xero, allowing businesses to upload transaction data into their accounting software. Transactions are exported in pre-formatted CSV files.
International transfers and local payments
Businesses can send SGD payments through FAST (Singapore’s real-time payment network) and receive local payments via FAST, SWIFT (international bank transfers), IFT (Interbank Funds Transfer), GIRO (scheduled bank transfers), MEPS (high-value bank transfers) and a PayNow QR code.
For overseas payments, YouBiz supports transfers in 20 currencies to more than 150 countries, with currency-specific transfer limits like AUD 1-500,000, EUR 1-300,000, GBP 1-250,000 and USD 1-500,000.5 Batch payments allow up to 1,000 supplier payments to be processed in a single upload.
YouBiz fees
| Fee type | YouBiz multi-currency account fees |
| Account opening | Zero |
| Monthly account fee | Not specified |
| Multi-currency accounts | Not specified |
| Sending funds locally | Zero |
| Receiving local payments | Zero |
| Overseas transfers | Not specified |
| Currency conversion | Not specified |
| Virtual card | Zero |
*Fees checked in July 2026
Who can open a YouBiz business account?
YouBiz is available to Singapore-registered businesses, with applications completed via Singpass (MyInfo Business) or manually using ACRA and identity documents. Approval typically takes 1-2 business days, subject to MAS regulatory checks.
How to apply for a YouBiz business account
- Apply: Visit the YouBiz website and start an online application.
- Verify: Sign in with Singpass or submit the required business and identity documents.
- Activate: Once approved, fund the account, issue corporate cards and start making payments.
The World Account by WorldFirst
WorldFirst is a global payments provider that offers the World Account, a multi-currency account for businesses who want to send and receive international transfers. It can be used by businesses that pay overseas suppliers, receive international customer payments, hold these funds and convert them when required,
With the World Account, businesses can hold funds in 20+ currencies, including SGD, USD, GBP, EUR, AUD, JPY, HKD and CNH. Each supported currency comes with local receiving account details, allowing businesses to collect payments as though they have a local account.
For business spending, WorldFirst offers the World Card, a Mastercard-powered multi-currency virtual card. Businesses can issue up to 20 virtual cards from a single account at no additional cost. The card supports payments in 150+ currencies, with no foreign exchange fees when paying in any of the 15+ supported currencies, provided sufficient funds are held in that currency. Eligible spending can also earn cashback (terms and conditions apply).
Key features of the World Account
- Hold funds in 20+ currencies, including SGD, USD, GBP, EUR, AUD, NZD, CNH, HKD and JPY
- Send payments in 100+ currencies across 200+ countries and regions
- Receive payments from 130+ global marketplaces and payment gateways including Amazon, Shopify, Shopee, Lazada and Stripe
- Transfer between World Account holders instantly and at no cost
- Forward contracts available for eligible Singapore businesses
- Integrate with software like Xero, NetSuite and more
- Get up to 20 World Cards at no additional cost
World Account fees
| Fee type | World Account |
| Account opening fee | Zero |
| Monthly account fee | Zero |
| Opening local currency accounts | Zero |
| Receiving payments | Zero |
| Holding funds in multiple currencies | Zero |
| Sending payments to other World Account holders | Zero |
| Sending payments to other accounts | US$1 (local transfers), US$5 (international transfers) |
| Currency conversion | Up to 0.6% |
| World Card issuance | Zero for up to 20 cards |
| Payments to 1688.com suppliers via World Pay | Up to 0.8% currency conversion fee |
*Fees checked in July 2026
FAQs
What is YouBiz?
YouBiz is a multi-currency business account by YouTrip for Singapore businesses. It offers multi-currency accounts and corporate cards, and lets businesses make international payments in 20 currencies.
Does YouBiz offer corporate cards?
Yes. YouBiz provides Mastercard corporate cards linked to the business account. Businesses can issue unlimited cards, set employee spending limits, configure approval controls and earn unlimited 1% cashback on eligible purchases.
How many currencies does YouBiz support?
YouBiz allows businesses to create and hold balances in nine currencies. Overseas transfers are available in 20 currencies to more than 150 countries.
What is the difference between YouBiz and a traditional business bank account?
YouBiz is a fintech multi-currency business account rather than a traditional business bank account. In addition to local and international payments, it provides corporate cards, expense management tools and accounting integrations through a digital platform. Read more about the best digital banks in Singapore.
Sources
- https://www.you.co/sg/
- https://www.you.co/biz/
- https://www.you.co/biz/about-us/
- https://www.you.co/biz/corporate-cards/
- https://www.you.co/biz/fx-transfers/
- https://www.you.co/biz/xero-integration/
- https://support.you.co/hc/en-us/articles/360000608414-What-are-the-fees-involved-in-using-a-YouTrip-account
- https://www.you.co/biz/multi-currency-accounts/
- https://www.you.co/biz/expense-management/
- https://youbiz.zendesk.com/hc/en-us/articles/13478869381145-How-long-will-it-take-to-process-my-incoming-funds-Pay-in-transfer
- https://youbiz.zendesk.com/hc/en-us/articles/6188343392665-Is-there-an-annual-fee
- https://youbiz.zendesk.com/hc/en-us/articles/6188504687257-Is-there-a-fee-for-sending-money-locally
- https://youbiz.zendesk.com/hc/en-us/articles/13063484213657-Are-there-any-fees-when-I-receive-funds-into-my-YouBiz-account
- https://youbiz.zendesk.com/hc/en-us/articles/6188587658393-Is-there-a-fee-for-sending-money-overseas
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
