Your YouTrip funds are deposited into a dedicated customer segregated account held by us with DBS Bank Ltd. (“DBS”) and Standard Chartered Bank (Singapore) Limited (“Standard Chartered”, and together with DBS, the “Safeguarding Institutions”).
This means that your money will be stored separately from YouTrip's own company bank accounts, hence you can rest assured that your funds in your YouTrip account will not be compromised in any scenario.
The safety of your money is of our utmost priority as a Principal Member of Mastercard® which means that all your card transactions are processed and protected by Mastercard rules and standards.
We also operate under the prevailing payment regulations of the Monetary Authority of Singapore as a major payment institution licensed under the Payment Services Act. For more information, you can check out our Terms & Conditions.