Hugo Referral Promo
More Than Just A Bank Account
Join me on Hugo, the digital account that helps you to spend, save and invest, starting with gold.
Sign up with the referral link and receive a sign-up reward of S$20 worth of 24K Gold, and enjoy FREE Gold trading on Hugosave until 30th June 2022. Terms and Conditions apply.
You need to:
- complete the ‘Know Your Customer’ (KYC) process to attain Hugo Plus+ account status
- involves uploading ID documents + selfie
- spend S$100 on your Hugo Platinum Visa Debit Card within 60 days of signing up
- getting the Hugo card is FREE
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What is Hugo?
Not just banking, Hugo is your savings partner too.
Founded in 2019 and headquartered in Singapore, Hugosave is a digital companion empowering users to spend, save, and invest confidently, effortlessly and sustainably through an inclusive and easy-to-understand Wealthcare® journey.
Licensed by Monetary Authority of Singapore
Atlas Consolidated Pte. Ltd (UEN 201942617W) is the owner of the Hugosave brand, and is regulated as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS) under the Payment Services Act (No. 2 of 2019).
Hugo was granted the MPI license on 1 April 2022.
“The process of getting the MPI licence is incredibly stringent, and rightly so. Obtaining the licence is a testimonial that we abide by the high standards set out by the authorities. Customers using payment platforms will want to know that their money is safe at all times; we have proper processes and controls in place, so you can be rest assured.”
Both account tiers are FREE. The Hugo Lite is meant for a trial experience that is easy to start and includes many of Hugo Plus’ features.
- Easy to open, no documents needed
- Start investing in gold from as little as $0.01
- Earn $10 Goldback® when you refer a friend
- Lifetime Limit of $750
- Complete your KYC with your NRIC/FIN and a selfie
- Order your Hugo Platinum Visa Debit Card
- Get $20 Goldback® as a sign on bonus if you spend $100 on your Hugo card within 60 days
- Increased daily limit of $5,000, $30,000 annual payment flow limits
Hugo Platinum Visa Debit Card
The Hugo card is FREE. Neither are there any fees associated with owning/using the Card. When you use your card overseas, the foreign exchange rates are based on Visa’s FX rates and Hugo does not add any additional fees.
Check out how to order your Hugo card in 2 taps:
The physical Hugo Platinum Visa Debit Card is numberless, designed to reduce fraud risk and ensure safety of your transactions. For online transaction, you can find your card details and PIN from within the app.
Every time you spend on your Hugo debit card, Hugo rounds up your purchase to the nearest dollar and puts the excess into savings.
“Each week the accumulated Roundups are invested into your Gold Vault automatically”
With Gold vault, users can monitor live gold prices and buy or sell gold for any amount.
“You get physical gold allocated to you against your investment which is stored in an accredited LBMA (London Bullion Market Association) vault. Insured by Lloyds of London, your gold is safe and secure.”
A tool to set financial goals, automate your savings towards them, and track your progress. Find out more about Money Pots here.
I have actually sign up for Hugo for more than a year, but only decided to share the referral promotion after they received the regulatory license from the Monetary Authority of Singapore in April 2022.
Funding the Hugo Platinum Visa Debit Card
Each user has a unique DBS bank account created to act as the custodian for the debit card funds. I used FAST transfer to deposit into the account and it was reflected instantaneously in the Hugo app.