About this wallet
Revolut's Singapore arm: a multi-currency e-wallet with a Mastercard, 30+ currencies to hold and exchange, local PayNow in/out, and stock/ETF trading via Revolut Securities (Singapore) — a popular cross-border wallet for English-speaking APAC users.
!Not a bank. Revolut Technologies Singapore Pte. Ltd. holds a Major Payment Institution licence from the Monetary Authority of Singapore (MAS) under the Payment Services Act, covering account issuance, e-money, domestic/cross-border transfers, digital payment tokens and merchant acquisition. Customer e-money is safeguarded in segregated trust accounts at MAS-approved custodian banks (e.g. DBS, Standard Chartered, ANZ); it is not a bank deposit and is not SDIC-insured.
Can foreigners or tourists open it?
Yes, but the gate is Singapore residency: 18+ and a Singapore resident (citizen / PR / holder of a valid long-term pass such as EP, S Pass, Work Permit, Student Pass or Dependant Pass). A short-term tourist visa cannot open an account. You will need a passport or pass, Singapore proof of address, and a tax-residency declaration (TIN).
Advantages
- Multi-currency plus local PayNow for easy cross-border in/out
- Interbank-rate FX, free on the Standard tier
- Stock/ETF trading via Revolut Securities
Limitations
- Requires Singapore residency — a tourist visa can't open it
- Balances are e-money, not SDIC-insured
- Standard tier adds weekend and over-limit FX fees
What you need
- Passport or Singapore long-term pass
- Singapore proof of address (within 3 months)
- Tax-residency declaration (TIN)
- Selfie / liveness check
Standard tier is free; no minimum balance｜Standard tier S$0/month; FX at the interbank rate, with about S$5,000/month fee-free FX on Standard and ~1% above that, plus ~1% weekend surcharge (waived on Premium+); physical card ~S$9 one-off (varies); virtual card free.
How to sign up
- Download Revolut, pick Singapore and sign up with phone/email
- Choose the Standard tier and enter your details and Singapore address
- Upload passport/pass and address proof, complete the selfie liveness and tax declaration
- Once approved a virtual card is issued — add it to Apple/Google Pay
- Top up via PayNow or local bank transfer, then exchange currencies as needed
Limits & protection
Under MAS e-wallet rules: balance capped at S$20,000; annual top-up plus spend capped at S$100,000. Balances are e-money and not deposit-insured.
FAQ
Can a foreigner or tourist open Revolut (Singapore)?
Yes, but the gate is Singapore residency: 18+ and a Singapore resident (citizen / PR / holder of a valid long-term pass such as EP, S Pass, Work Permit, Student Pass or Dependant Pass). A short-term tourist visa cannot open an account. You will need a passport or pass, Singapore proof of address, and a tax-residency declaration (TIN).
Do I need a local bank account or a local phone number for Revolut (Singapore)?
Local bank account: Not required, but you must be a Singapore resident (or hold a valid long-term pass). Items typically needed: Passport or Singapore long-term pass; Singapore proof of address (within 3 months); Tax-residency declaration (TIN); Selfie / liveness check.
What documents are required to open Revolut (Singapore)?
Typically: Passport or Singapore long-term pass; Singapore proof of address (within 3 months); Tax-residency declaration (TIN); Selfie / liveness check.
How do I sign up for and top up Revolut (Singapore)?
How to sign up: Fully online — open and verify identity/address inside the app (About 10–15 minutes to apply; approval usually minutes to 1 working day). Steps: 1) Download Revolut, pick Singapore and sign up with phone/email 2) Choose the Standard tier and enter your details and Singapore address 3) Upload passport/pass and address proof, complete the selfie liveness and tax declaration 4) Once approved a virtual card is issued — add it to Apple/Google Pay 5) Top up via PayNow or local bank transfer, then exchange currencies as needed Fees: Standard tier S$0/month; FX at the interbank rate, with about S$5,000/month fee-free FX on Standard and ~1% above that, plus ~1% weekend surcharge (waived on Premium+); physical card ~S$9 one-off (varies); virtual card free.
Are there limits on Revolut (Singapore)? Is the balance deposit-insured?
Under MAS e-wallet rules: balance capped at S$20,000; annual top-up plus spend capped at S$100,000. Balances are e-money and not deposit-insured.
What actually happened
Takes about 30 seconds: approved or not, where it got stuck, how many days. Email is optional, and we never ask for your name.
Ready? Open it officially
E-wallet rules change often — always follow the latest instructions in the official app.
