GrabPay review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
GrabPay suits people who want a prepaid card for everyday spending and do not want a monthly charge. The monthly fee is SGD 0, the card runs on mastercard, and the currency conversion fee of 2% is the cost to watch when you pay abroad.
Pros and cons
Pros
- No monthly charge, with the fee at SGD 0 and a rank of 1 of 379.
- Spending is limited to the balance you have loaded, since the card is prepaid.
- The card runs on mastercard, so it works at merchants that take Mastercard.
Cons
- The currency conversion fee of 2% is the cost that decides the card, and it ranks 151 of 237 on that measure.
- Free ATM withdrawals are SGD 0, so there is no free allowance for cash, and it ranks 38 of 104 on free ATM withdrawals.
Who it suits
- People who want to spend from a GrabPay balance in stores without paying anything each month.
- Spenders who mostly stay in the same currency and can steer clear of the 2% conversion charge.
- Card users who rarely take out cash, since free ATM withdrawals are SGD 0.
Who should look elsewhere
- Monzo Flex, if you want a card that draws on a bank balance rather than a prepaid card.
- Wise, if keeping the currency conversion charge of 2% low is your main priority.
- Bitpanda, if you want a card that comes with a crypto exchange account behind it.
Trading and withdrawal fees
GrabPay does not charge a monthly fee: the fee is SGD 0, the same as Monzo Flex at £0, Wise at £0 and Bitpanda at €0. The currency conversion fee is 2%, and that is the line that decides whether the card is cheap to use abroad.
Where it sits among rivals
On monthly fee GrabPay ranks 1 of 379, which is where a free card belongs. On currency conversion fee it sits at 151 of 237, and on free ATM withdrawals at 38 of 104. Free cards are common, so the monthly fee ranking flatters GrabPay more than the other two.
How GrabPay compares
8.8 vs 9.4
8.8 vs 9.0
8.8 vs 8.2
8.8 vs 9.5
8.8 vs 9.6
8.8 vs 9.0
8.8 vs 9.1Bitpanda, if you want a card tied to a crypto exchange account, since its card is also free to hold at €0.
8.8 vs 8.9
8.8 vs 8.1
8.8 vs 8.2
8.8 vs 9.5
8.8 vs 9.4
8.8 vs 9.2
8.8 vs 9.1
8.8 vs 9.0
8.8 vs 8.9- 8.8 vs 8.8
8.8 vs 8.8
8.8 vs 8.6
8.8 vs 8.5
8.8 vs 8.3
Where GrabPay is available
- Available
- Singapore
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there a monthly fee for the GrabPay card?+
The monthly fee is SGD 0, so there is no recurring charge for holding or using the card. That matches Monzo Flex at £0 and Bitpanda at €0, and it puts GrabPay at 1 of 379 on this measure.
What does it cost to convert currency on GrabPay?+
The currency conversion fee is 2% on spend in another currency. That sits at 151 of 237 across the cards listed here, so paying in your home currency whenever you can keeps costs down.
Are ATM withdrawals free on the GrabPay card?+
Free ATM withdrawals are SGD 0, so the card carries no free cash allowance. GrabPay ranks 38 of 104 on free ATM withdrawals, which matters if you regularly take money out.
What kind of card is the GrabPay card?+
It is a prepaid card on mastercard, so spending draws on the balance you have loaded rather than on a bank account, and it works at most merchants that take Mastercard.
How does GrabPay compare with Monzo Flex on cost?+
Both are free to hold: the GrabPay monthly fee is SGD 0 and the Monzo Flex monthly fee is £0. The difference is the card type, since GrabPay is prepaid while Monzo Flex draws on a bank balance.
Who does the GrabPay card suit?+
It suits people who want a Mastercard for everyday spending with a monthly fee of SGD 0 and who are happy to keep a balance loaded on the card. If you need cash often, the free ATM allowance of SGD 0 points elsewhere.
Why pick Wise or Bitpanda instead of GrabPay?+
Wise is a different kind of account with its own monthly fee of £0, and the Bitpanda card is also free to hold at €0. Both suit readers who put currency conversion, or a crypto exchange account, ahead of paying in stores with a prepaid card.
Sources
- jilaxzone.com/2020/03/01/grabpay-card-a-more-convenient-w... checked September 26, 2026
Backs: Monthly fee
“GrabPay Card - no annual payment required for the card”
- mastercard.com/news/ap/en/newsroom/press-releases/en/2020... checked September 26, 2026
Backs: Card type
“GrabPay is a mobile wallet - GrabPay Card powered by Mastercard”
- singsaver.com.sg/blog/grabpay-mastercard-vs-other-credit-... checked September 26, 2026
Backs: Free ATM withdrawals, Currency conversion fee, Card network
“GrabPay Mastercard - S$5 per withdrawal”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.
Related by the facts
GrabPay
A prepaid Mastercard for everyday spending with nothing to pay each month.