Your Revolut account (including any amount held in your Vaults) cannot exceed S$5,000 (or foreign currency equivalent) at the end of each day. During the course of the day, however, your balance is allowed to go over S$5,000.
The PS Act also impacts how much you can transact annually. You can transact no more than S$30,000 (or its equivalent in foreign currencies) on a 12-month rolling basis. This S$30,000 limit applies to transactions such as card spend, overseas ATM withdrawals, and money transfers.
An External Account is your personal SGD deposit account held with a bank in Singapore in your name. If you are likely to transact above S$5,000 during the day, then you will have to set up an External Account.
With an External Account you’ll be able to:
Top up, transact with or receive more than S$5,000 in your Revolut account throughout the day
Allow us to automatically transfer any balance in excess of S$5,000 to your External Account every night between 23:30 and 23:59, Singapore time
－
