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Questions & Answers about UOB Mighty FX 2024

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UOB MightFX gives you the ability to exchange currencies within your hands with a very simple process to help you with your currency conversion. It is a multi-currency account and card that you can use for online shopping , travel spend and many more.

United Overseas Bank

United Overseas Bank (UOB), a Singaporean Multinational Organisation, was established on 6 august 1935 in Singapore by the name of United Chinese Bank (UCB), to Emphasise its link to the Chinese population in Singapore. The bank catered mainly to the Fujian community in its initial stages. However the bank grew immensely within a few years and in 1965, the bank was renamed to United Overseas Bank as it inaugurated its first overseas branch in Hong Kong. Today UOB is the third largest bank in Southeast Asia by total assets, having a market capitalization of $32.9 Billion. It is recognized as an excellent and professionally managed financial institution. It provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, and investment banking. It has a network of more than 500 offices in 19 countries and territories in Asia Pacific with a strong foothold in Singapore, Malaysia, Thailand, and China.

Can I use the converted funds in my Mighty FX debit card to pay for transactions in a foreign supermarket? Does anyone know if I can pay at an overseas supermarket with the converted funds in my Mighty FX debit card?

You may be able to avoid admin fees however the policy requires that you must transact in the local currency. That being the case, when you transact on your foreign spend with your Mighty FX Debit Card, the exact amount will be auto debited from the local currency account with no additional admin fees.

UOB Mighty FX

What is Mighty FX Rate?

Mighty FX Rate is a preferential exchange rate based on the prevailing interbank market rate and the Bank's spread, as determined by the Bank in its sole discretion. The Mighty FX Rate is only applicable to the conversion of currency via Mighty FX in the UOB Mighty app. The Mighty FX Rate is not available if you convert, pay, or transfer funds outside of Mighty FX. All Mighty FX Rates show you directly how much one unit of a currency can be exchanged for in another currency. For example: To convert SGD to USD, Mighty FX Rate quotes as 0.7344. For every 1 SGD converted, you receive 0.7344 USD. To convert USD to SGD, Mighty FX Rate quotes as 1.3616. For every 1 USD converted, you receive 1.3616 SGD. You may choose to convert currency instantly (Convert Currency Order), or set your preferred exchange rate and be notified or automatically converted when preferred rate is met (Alert Me Order).

UOB Mighty FX