YouTrip users can now transfer funds back to bank account, subject to conditions

SINGAPORE: YouTrip customers may now&nbsp, transfer money from their digital wallet up to their lender accounts- content to certain conditions. &nbsp,

This new lender removal option, which will be “gradually rolled out” in the coming weeks, only applies to top-ups made after nightfall on July 22.

According to a press release released on Tuesday ( Jul 23 ), YouTrip now allows new funds to be withdrawn into users ‘ bank accounts using their mobile number or NRIC, which are tied to their YouTrip account.

The&nbsp, applicable balances&nbsp, are limited to top-ups done via&nbsp, PayNow or the linked bank accounts process. &nbsp, Card top-ups via debit and credit cards may be withdrawn.

In addition, only funds within the Singapore Dollar (SGD ) wallet can be withdrawn.

Users who want to transfer funds from different money wallets will have to turn them first to SGD. &nbsp,

Up to 10 free transactions can be made each month by people. &nbsp,

” If you wish to produce more than 10 lender payments, you’ll have to ask for a payment instead. Do note that a payment processing cost of S$ 10 does apply”, YouTrip said on its site. &nbsp,

According to CEO Caecilia Chu,” We believe these enhancements did encourage users to spend boldly with YouTrip, knowing they can easily manage their funds and enjoy a truly effortless payment experience.” &nbsp,