Overview
YouBiz, at a glance.
YouBiz is a major payment institution headquartered in Singapore, regulated by MAS, ASIC. The company behind YouBiz is YOU TECHNOLOGIES GROUP (SINGAPORE) PTE. LTD. The business account has no monthly fee. Opening an account takes 1–2 business days. The business must operate in Singapore. Companies incorporated outside Singapore can apply with a registry document showing the company, its full ownership and its directors.
YouBiz is not a bank. YOU TECHNOLOGIES GROUP (SINGAPORE) PTE. LTD. keeps customer money in dedicated segregated customer accounts held on trust at DBS Bank Ltd., Standard Chartered Bank (Singapore) Limited, OCBC and Deutsche Bank AG, Singapore Branch, as the Payment Services Act requires. The money earns no interest and is not covered by the Singapore Deposit Insurance Scheme.
Why businesses pick YouBiz
- No setup, monthly or annual fee and no minimum spend
- One account number in your company's name with currency accounts in SGD, USD, EUR, GBP, AUD, HKD, JPY and CHF, and no limit on the balance
- Incoming payments are free, and so are local SGD transfers and exchanges between your currency accounts
- No fee on card spending in foreign currencies, including processing and network fees, and 1% cashback on eligible card spend with no cap
- Virtual and physical Mastercard debit cards for the team; virtual cards work at once
- Send money overseas in 19 currencies, including CNY, INR, IDR, PHP, VND and BRL
- Sign up online with Singpass in under five minutes; YouBiz decides within 1 to 2 business days
Watch out for
- Overseas transfer fees are not published: they are tiered and shown only in the dashboard's Transfer Calculator, except US$30 for SWIFT payments to China
- Exchange rates are typically 0.1 to 0.4% from wholesale rates, so conversions are not free even though there is no separate exchange fee
- Local transfers in currencies other than SGD carry a remittance fee that is not published
- Only for businesses operating in Singapore
- The card is a debit card, not credit: it spends only what is in the account
- Support by email and phone on weekdays, 9am to 6pm; no live chat is published
- No forward contracts: conversion is at the live rate only
Business fit
Will YouBiz accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on YouBiz's published rules
Needs review
YouBiz works with SMEs and startups in Singapore, but does not publish the countries it accepts companies from.
YouBiz does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What YouBiz publishes about the businesses it takes on.
Who YouBiz serves
- Startups and SMEs
- Import and export
- E-commerce
All 4 industries on YouBiz's accepted list
- SMEs and startups in Singapore
- companies paying overseas suppliers
- businesses with team and travel spending
- e-commerce and digital marketing spend (TikTok for Business partnership)
Not supported
Industries and countries YouBiz does not accept, from its own published lists.
Industries
- adult entertainment
- marijuana
- embassies
- traders in precious metals and mining
- atomic power
- firearms manufacturers / suppliers
- casinos, gaming or internet gambling companies
- offshore shell companies
Countries
- Not published
Coverage
Where can you use YouBiz?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
8 currencies to hold and receive
Hold and receive · 8 currencies
- EUR
- USD
- GBP
- CHF
- AUD
- JPY
- HKD
- SGD
Send overseas · 19 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- BRL
- CNY
- HKD
- IDR
- INR
- KRW
- LKR
- MYR
- PHP
- SGD
- TRY
- VND
All eight currency accounts share one account number in your company's name. The card spends in 150+ currencies.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- Singapore
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Private limited companies, Sole proprietorships, Partnerships
Pricing
What does YouBiz cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
Conditions
No annual fee for the account or the card
YouBiz
SGD 0 per month
SGD 0 setup · SGD 0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| Local transfer from another bank | Free | No charge · All incoming payments, by FAST, GIRO, MEPS, PayNow or telegraphic transfer |
| Outgoing | ||
| SWIFT / international | Not published | Overseas transfers: a tiered fixed and variable fee, shown only in the dashboard's Transfer Calculator |
| Local transfer to another bank | Free | No charge · SGD transfers to a local bank; local transfers in other currencies carry a remittance fee that is not published |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.1–0.4% | Percentage of the amount, within a range · The difference YouBiz states between its exchange rates and wholesale rates ('typically 0.1 to 0.4%'). The '0% FX fees' headline means no separate fee on card spending abroad or on exchanges between your currency accounts |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Card FX | Free | No charge · No fee on card spending in foreign currencies, including processing and network fees; the exchange rate is YouBiz's rate |
| ATM withdrawal | Free | No charge · Overseas ATM withdrawal fee waived for now; cards cannot withdraw at Singapore ATMs |
Forward contracts: Not published
Compare FX providersOnboarding
From application to live account.
YouBiz states 1 to 2 business days from application to a live account.
- 1
Sign up
Register at biz.you.co/register, using Singpass (MyInfo Business) to fill in the company's details, or the manual form.
- 2
Documents
With Singpass, no documents unless the applicant is not a director. On the manual route, upload the ACRA Business Profile and the applicant's NRIC or Singapore pass.
- 3
Decision
YouBiz reviews the application and emails a decision within 1 to 2 business days.
- 4
Fund and spend
Top up by bank transfer or PayNow, then create virtual and physical cards for the team.
Documents you need
- Singpass route: none, unless the applicant is not a director (then a signed authorisation letter)
- Manual route: ACRA Business Profile (dated within the last 3 months)
- Photo of NRIC (front and back) or an accepted Singapore pass, with proof of address if the ID shows none
- Authorisation letter if the applicant is not a director
- Foreign-incorporated companies: registry document showing entity, full ownership and directors (under 6 months, English or certified translation)
FAQ
Your questions, answered.
Is YouBiz a bank?
No. YouBiz is provided by YOU TECHNOLOGIES GROUP (SINGAPORE) PTE. LTD., licensed by the Monetary Authority of Singapore as a major payment institution for account issuance, domestic and cross-border money transfers and e-money issuance. Customer money is held in segregated trust accounts at DBS, Standard Chartered, OCBC and Deutsche Bank and is not covered by the Singapore Deposit Insurance Scheme.
Are YouBiz exchange rates really 0%?
No. The '0% FX fees' headline means YouBiz charges no separate fee on card spending abroad or on exchanges between your currency accounts. Its exchange rates are typically 0.1 to 0.4% from wholesale rates, so that difference is the cost of a conversion.
How much does YouBiz cost?
There is no setup, monthly or annual fee. Incoming payments, local SGD transfers and exchanges between your currency accounts are free. Overseas transfers carry a tiered fee shown only in the dashboard's Transfer Calculator; SWIFT payments to China cost US$30, and local CNY transfers to China over 10,000 are free.
Does my company get its own account details?
Yes. Since January 2026 each business has one permanent account number under its own name, shared by currency accounts in SGD, USD, EUR, GBP, AUD, HKD, JPY and CHF. It is not an IBAN. You can download a Proof of Account letter.
Who can open a YouBiz account?
Businesses operating in Singapore: private limited companies, sole proprietorships and partnerships registered with ACRA. Companies incorporated elsewhere can apply if they operate in Singapore. Casinos and gambling companies, adult entertainment, firearms suppliers and offshore shell companies are not accepted.
Can I fix an exchange rate for a future payment?
No. YouBiz publishes no forward contracts. You can convert at the live rate and hold the balance in one of your eight currency accounts until you pay.
Alternatives
How YouBiz compares.
If YouBiz is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 YouBizThis pageMajor payment institution |   | Expense managementSingapore SMEs |
 AspirePayments platform |  | Free planCorporate cards |
 InstaremMajor payment institution |   | Collection accountsBulk payouts |
 AirwallexE-money institution |  | Global accountsOnline businesses |
 WallexPayment institution |  | 47 currenciesAsia payments |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.