facebookGrab to Charge $1 GrabPay Top-up Fee For Visa Credit Cards From 1 July 2022: Here’s How To Avoid Paying For It
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290622 GrabPay Top Up Fee

Grab to Charge $1 GrabPay Top-up Fee For Visa Credit Cards From 1 July 2022: Here’s How To Avoid Paying For It

profileXue Miao

Grab has been evolving so much recently.

From launching a card, introducing new features to the app, to going public through a special-purpose acquisition company (SPAC) deal…

In October last year, Grab announced that a $1 processing fee will be charged for Visa Credit Card GrabPay Wallet top-ups of $400 and below.

Unfortunately, the waiving of the fee for top-ups above $400 did not last long.

According to a notice on Grab’s FAQ page accessed on 29 June 2022:

Source: Grab

This means that from this Friday (1 July 2022), you will have to pay a $1 processing fee for each Visa credit card GrabPay wallet top-up.

But fret not, there are ways around it.

Here’s a quick guide to which top-ups will be charged, and which would still be free.


TL;DR: GrabPay Top-up Fee — Grab To-up Charges For Visa Credit Cards Explained

GrabPay Wallet Top-UpBefore 1 July 2022From 1 July 2022
Will Be Charged $1 Processing FeeVisa credit cardsAll Visa credit card top ups will incur a $1 processing fee
Will Not Be Charged $1 Processing FeeVisa credit card top ups of $400 and above
Top up using Mastercard and American Express Credit Card
All debit cards
Transfer from other GrabPay users
Top up From Bank Account via PayNow VPA or Linked UOB Accounts

In short, do not top up your GrabPay wallet with a Visa credit card!

So if you have a Visa credit card that is linked to your GrabPay wallet, do change it out before 1 July 2022 to avoid the $1 processing fee.

How Do I Top-up My GrabPay for Free: Grab Top-up Credit Card Tips and More

Here are the ways to keep your GrabPay top-up free:

GrabPay Merchants and GrabPay Rewards

All of these seem pretty straightforward, right?

Once you top up your GrabPay wallet, you can use your GrabPay funds at GrabPay merchants and earn GrabPay rewards.

All of these seem pretty straightforward, right?

Other than PayNow VPA which might seem a little foreign…

If you’re wondering what that is, here’s a quick introduction!

How do I Top-up My GrabPay Free: PayNow VPA Explained

According to Grab’s website, PayNow VPA refers to PayNow Virtual Payment Address, which is a unique identifier that can be linked to GrabPay wallets.

Once it is linked, PayNow transfers can be made to your VPA from your preferred banking app.

It is similar to how we make PayNow transfers using mobile numbers!

You can set a PayNow VPA to top up your GrabPay wallet straight from your bank.

Using this method will allow you to still top up your GrabPay wallet for free.

Here’s a quick guide to linking your PayNow VPA to your GrabPay wallet:

Source: Grab
Source: Grab
Source: Grab
Source: Grab

How Do I Top Up on GrabPay Moving GrabPay Wallet Funds With Transferrable Balances

In case you missed it, Grab users can transfer the funds from their GrabPay wallet to their own bank account, other bank accounts, and e-wallets in Singapore.

A quick recap of the destinations these funds can be transferred to:

Destination 
PayNow-linked bank accountPayNow and Grab accounts need to be linked to the same mobile number
PayNowPayNow-registered users via mobile number, NRIC/FIN, or Unique Entity Number (UEN)
Directly to Bank AccountsVia the recipient’s bank name, account number and account holder’s name

Supported banks:
1) DBS Bank/POSB
2) OCBC Bank
3) United Overseas Bank
4) Standard Chartered Bank
5) CIMB Bank
6) Citibank NA
7) Citibank Singapore Ltd
8) ANZ Bank
9) Deutsche Bank
10) HL Bank
11) The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC)
12) HSBC Bank (Singapore) Limited
13) ICICI Bank Limited Singapore
14) Industrial and Commercial Bank of China Limited
15) Maybank Singapore Ltd
16) Malayan Banking Berhad
17) Mizuho Bank
18) Bank of China
19) RHB Bank
20) BNP Paribas
21) Sumitomo Mitsui Banking Corporation
22) The Bank of Tokyo Mitsubishi UFJ
23) Sing Investments & Finance Ltd
Other Grab Wallet UsersAnyone with a valid Grab wallet
E-WalletsSupported wallets:
Singtel Dash, TransferWise, LiquidPay, MatchMove

And a quick glance at which funds can be transferred out:

What Funds From GrabPay Wallet Can Be Transferred Out?
Non-Transferable BalanceTransferable Balance
Wallet Balance Is Topped up By- Credit Cards
- Foreign Debit Cards
- Local Debit Cards
- Top up via QR Code (PayNow UEN)
- Top up via PayNow VPA
- Top up via UOB host-to-host
- Funds received via P2P
- Admin top ups, appeasement, marketing incentive top ups
BalanceCANNOT be transferred out via Peer to Peer or cashout to bank account

CAN be used to pay for Grab services e.g. rides, GrabFood, etc.
CAN be transferred out via Peer to Peer or cashout to bank account

CAN be used to pay for Grab services e.g. rides, GrabFood, etc.

You can make up to two transfers a day, and the maximum transfer amount is $5,000. This is the same as the GrabPay Wallet spending limit.

E-Wallets in Singapore: Top-Up Fees Soon?

We’ve seen the rise in digital wallets and mobile payment options, providing us with a wide range of modes of payment today.

And we don’t really see processing fees for top-ups made to these wallets for now.

Let’s hope it stays this way…

If you’re looking for a credit card to use with your e-wallets, we’ve got you covered too!

Head over to Seedly Reviews to find out what kind of credit cards are available in Singapore and choose your favourite out of ’em:

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About Xue Miao
A millennial who is learning to adult. She doesn't believe in the rat race and hopes to live on a farm someday.
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