Top Revolut alternatives in Singapore (2026): Features, fees, and comparisons

What Revolut Business offers for Singapore companies in 2026

Here's what the four-tier structure looks like for Singapore-registered businesses¹:

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Beyond payments, Revolut Business also supports:

• FX risk management: Forward contracts (on select plans) to lock in exchange rates up to 12 months ahead.
  
• Merchant payments: Online, in-store, and mobile payment acceptance at fees starting from 0.5% + SGD $0.02 per transaction².
  
• Accounting integrations: Native connections with Xero, QuickBooks, FreeAgent, and others.
  
• Expense controls: Spending limits, real-time tracking, and approval flows, though reviewers note these feel underdeveloped compared to dedicated tools.
  

Why businesses search for Revolut alternatives in 2026

Revolut Business works well for a specific profile: a digital-first team making regular international transactions in a handful of currencies. But outside that profile, friction appears quickly. Here's what drives businesses, particularly startups and SMEs, to look elsewhere:

Monthly fees that compound

The Basic plan is free, but most businesses with real payment volumes need Grow or Scale. At SGD $15–$84 per month, fees add up before you factor in FX charges on amounts exceeding your plan's free allowance.

Weekend and off-hours FX surcharges

Revolut applies additional FX markups on currency exchanges made outside standard market hours, including weekends. Businesses that frequently convert currencies during these periods may incur higher costs depending on timing and currency pair.

No local payment rails

Singapore-registered businesses often rely on PayNow, FAST, GIRO, CPF contributions, and salary processing. Revolut Business does not support these natively, which means maintaining a second account and adding operational complexity.

Account freezes and limited support

User reviews on Capterra Singapore³ frequently cite frozen accounts, delayed resolution times, and support that primarily operates through in-app chat. Enterprise plan customers get a dedicated account manager; everyone else relies on self-service.

Quick comparison of Revolut alternatives in 2026

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Data as of March 2026. Note: Fees and features are subject to change. Confirm current rates directly with each provider before committing.

Best Revolut alternatives for Singapore businesses in 2026

1. Wise

Wise Business focuses on transparent cross-border transfers and clear FX pricing. It uses the mid-market exchange rate and shows transfer fees upfront before you confirm a transaction. For businesses that send frequent international payments, this pricing structure makes forecasting and cost control easier.

What Wise offers

• Mid-market FX rate: Converts currencies at the mid-market rate, with transfer fees averaging 0.25% and displayed before each transaction.
  
• Multi-currency account: Hold 40+ currencies and receive local account details in major currencies, including USD, EUR, GBP, AUD, and SGD.
  
• Batch payments: Send bulk payments to up to 1,000 recipients in one go, supporting accounts payable workflows.
  
• Accounting integrations: Connects with Xero, QuickBooks and offers API access for custom workflows.
  

Pricing: There is no monthly account fee. A one-time setup fee may apply depending on the region. Transfer fees differ by currency corridor and are shown upfront before completing the transaction.

Considerations: Expense management features are relatively basic compared to some dedicated spend management platforms. Wise does not provide dedicated relationship managers, and customer support is primarily delivered through online help resources and chat-based channels.

2. Airwallex

Airwallex provides multi-currency accounts and programmable payment infrastructure for businesses operating across markets. It supports over 50 currencies and applies FX pricing starting from 0.4% per transaction, with charges based on usage rather than plan-based allowances.

What Airwallex offers

• FX pricing: Offers FX rates from 0.4% per transaction⁸.
  
• API infrastructure: Provides developer documentation, APIs, and webhook support to automate payment workflows.
  
• Global reach: Supports payments to 150+ countries with access to local rails in key markets.
  
• Corporate cards: Issues virtual and physical cards with spend controls.
  

Pricing: There is no monthly account fee. International transfers start from 0.4%, while domestic FAST transfers are free.

Considerations: Airwallex does not offer complete payroll processing features such as salary tax calculations, IRAS filings, or CPF contribution computations.

3. Stripe

Stripe is not a business bank account. It's the world's leading payment gateway, and for Singapore businesses that sell online, it's essentially non-negotiable. If your startup or e-commerce brand needs to receive payments from international clients via card, wallet, or local payment methods, Stripe supports 135+ currencies and handles the transaction layer better than any other platform.

What Stripe offers

• Payment acceptance: Cards, digital wallets, and local payment methods across 135+ currencies. Next-day settlement available.
  
• Subscription management: Built-in recurring billing for SaaS and subscription businesses.
  
• Developer tools: Industry-leading API documentation and pre-built checkout components.
  
• Fraud prevention: Machine learning-based Radar tool with customisable rules.
  

Pricing: Card payments in Singapore are charged at 3.4% + SGD 0.50 per successful transaction. Additional fees may apply for currency conversion or certain payment methods.

Considerations: Stripe is not a full business banking platform. You will need a separate bank account to store funds and pay suppliers. For high volumes, transaction fees may be higher compared to standard bank transfers.

4. Traditional bank options (DBS, OCBC, UOB)

Traditional banks in Singapore continue to serve businesses that require lending, long term banking relationships, or services linked to regulatory systems.

DBS

DBS Bank provides full-service business banking, including CPF payments, IRAS payments, trade finance, and credit facilities. It also operates a dedicated SME banking segment offering accounts, financing, trade services, and payment solutions for small and medium-sized businesses.

Pricing: The Business Multi Currency Account – Starter Bundle (for businesses under 3 years) charges SGD 10 per month with no monthly service charge. The Business Multi Currency Account (for businesses over 3 years) charges SGD 50 per year plus an SGD 40 monthly service charge. Zero FX fees apply when using the DBS Business Advance+ Debit Card.

OCBC

OCBC Bank focuses on SMEs and provides industry-specific support for sectors such as F&B, retail, and trading.

Pricing: Monthly fees start from SGD 0 for the Business Entrepreneur Account Plus and SGD 10 for the Business Growth Account.

UOB

United Overseas Bank has a presence across ASEAN markets, including Singapore, Malaysia, Thailand, and Indonesia. It offers several business account types, including current accounts and foreign currency accounts for trade and international payments.

Pricing: The UOB eBusiness Account and Corporate Current Account charge SGD 35 annually. Minimum opening deposits typically start from SGD 1,000, depending on the account type. Foreign currency accounts generally do not have a monthly account fee, but minimum balance requirements may apply.

Considerations: Monthly fees and minimum balance requirements may apply across many accounts. FX spreads and international transfer charges can sometimes be higher than those offered by some fintech platforms.

5. Aspire

Aspire provides a financial platform designed around Singapore's payment infrastructure. It supports PayNow, FAST, GIRO, salary disbursements, and CPF contributions within a single account setup. Businesses can manage local and international payments without maintaining multiple banking relationships. Aspire is regulated by the Monetary Authority of Singapore and safeguards client funds with DBS Bank.

What Aspire offers

• Complete Singapore payment support: PayNow, FAST, GIRO, salary processing, CPF contributions, and corporate tax payments, all in one account.
  
• Competitive FX: International transfers from 0.22% with transparent pricing. No plan-based allowances, no weekend surcharges.
  
• Multi-currency accounts: Hold and transact in 30+ currencies across 130+ countries, with local account details in SGD, USD, EUR, GBP, HKD, and CNY.
  
• Corporate cards: Issue up to 200 virtual and physical cards (for the Basic plan) with 1% cashback on eligible marketing and SaaS spend.
  
• Advanced expense management: Set budgets at the client, project, or team level. Automated approval workflows and real-time spend tracking, the features Revolut Business users say they miss most.
  
• Accounting integrations: Hourly auto-sync with Xero, plus QuickBooks, Oracle NetSuite, SAP, and Deskera. Reduces reconciliation from hours to minutes.
  
• Yield on idle balances: Earn up to 1.24% on SGD and 3.68% on USD through money market funds (as of February 2026), with no minimum balance and next-business-day withdrawals.
  

Pricing: There are no monthly fees, no account opening fee, and no minimum balance requirement. Domestic transfers via FAST and GIRO are free, while international transfers incur FX fees of 0.22%, shown upfront before the transaction.

Consideration: Aspire does not offer lending or deposit insurance. Some advanced features are available only on the higher-tier plan.

Factors to consider while choosing your Revolut alternative in 2026

If you are considering moving away, evaluate these areas carefully before opening a new account:

1. FX pricing structure

Check how currency conversion is charged since small FX differences compound quickly at higher volumes.

• Is the exchange rate mid-market or marked up?
  
• Are there weekend surcharges?
  
• Is pricing tiered with monthly allowances?
  
• Are fees shown upfront before confirming a transaction?
  

2. Total cost, not just monthly fees

Do not focus only on “SGD $0” plans.

Review:

• Monthly subscription charges
  
• FX markup percentage
  
• Card foreign transaction fees
  
• International transfer fees
  
• ATM or withdrawal fees
  

3. Local payment support

If you operate primarily in Singapore, confirm support for:

• PayNow
  
• FAST and GIRO
  
• CPF payments
  
• Salary processing
  
• Corporate tax payments
  

4. Expense management depth

For growing teams, check whether the platform offers:

• Budget controls by team or project
  
• Approval workflows
  
• Virtual and physical cards
  
• Real-time transaction visibility
  
• Receipt capture and reconciliation tools
  

5. Scalability and global reach

As your business grows, ensure the platform can handle:

• Higher transaction volumes
  
• Multi-currency holding accounts
  
• Local receiving details in key markets
  
• Batch payments and mass payouts
  
• API access for automation
  

6. Integration with your accounting system

Manual reconciliation increases errors, while automation significantly reduces the finance workload.

Check for:

• Integrations with Xero, QuickBooks, or ERP systems
  
• API connectivity
  
• Automated sync frequency
  

7. Regulatory standing and safeguards

Regulation and operational security matter as much as pricing.

So, before switching, confirm:

• Licensing status in Singapore or other locations where you operate
  
• How do they safeguard your (client) funds
  

• Deposit insurance coverage (if applicable)
  
• Data security and compliance standards
  

The right alternative depends on your business model. Prioritise the features you actually use, like FX efficiency, local payment support, team controls, or credit access, and choose the platform that solves your operational gaps, not just the one with the lowest headline fee.

Ready to move beyond Revolut

For Singapore businesses, Aspire addresses common gaps found in some fintech platforms and traditional banks. Whether you are a growing startup or SME managing local and international payments, Aspire brings key tools into one place, including zero monthly fee plans, a powerful business account offering, payroll capabilities, corporate cards with spend controls, and robust expense management. Customer funds are also safeguarded with Tier 1 banks such as DBS Bank.

You can explore an Aspire business account if you are looking to simplify payments and manage finances through a single platform.

So, why wait? Open an account now!

Frequently asked questions

Is Revolut Business good for global transfers in 2026?

Revolut Business supports international transfers to 150+ countries in 30+ currencies at interbank rates. For businesses within their plan's free FX fees allowance, the cost is competitive. However, transactions above the monthly allowance and transfers made outside standard market hours incur additional charges. For high-volume businesses, Wise Business or Aspire often deliver better cost predictability.

Which Revolut alternative offers local payment rails in Singapore?

Some Revolut alternatives in Singapore that support local payment rails such as PayNow, FAST, and GIRO include Aspire and Airwallex, both of which allow businesses to make domestic SGD transfers alongside international payments. The level of support for workflows such as CPF contributions or tax payments may vary by provider and setup, so businesses should confirm specific capabilities based on their operational needs. Traditional banks in Singapore, such as DBS, OCBC, UOB, etc. also continue to offer full integration with the local payment infrastructure, which may be relevant depending on the complexity of domestic payment requirements.

Can businesses use more than one platform together?

Yes. many businesses use more than one platform. One provider may handle international transfers. Another may support local payment methods such as PayNow or GIRO. A different tool may manage corporate cards or expenses. This setup can help control costs and access better features. Just make sure the systems connect well, and your reconciliation process stays simple.

Are fintech business accounts in Singapore safe and regulated?

In Singapore, most providers of fintech business accounts are regulated by the Monetary Authority of Singapore, and they are required to safeguard customer funds, typically by holding them in segregated accounts with partner banks. However, these funds are not covered by the Singapore Deposit Insurance Corporation in the same way as deposits held directly with licensed banks, so the protection structure differs from that of a traditional bank account.