How to Convert Your $200 NS Credits to Cash (2024)

Wondering how to convert your $200 worth of National Service (NS) LifeSG credits into cold hard cash online?

Yep! You can transfer that $200 worth of credits into your bank account with no fees so long as you have the appropriate multi-currency accounts and cards.

After all the Ministry of Defence (MINDEF) did say that NSmen are free to decide how to use their NS credits (via CNA).

Intrigued?

Here’s how you can do so!

P.S. I’ve already done it myself! Note that the information is accurate as of 7 November 2024.

TL;DR: How to Cash Out Your $200 NS LifeSG Credits 2024

• Download the LifeSG app (to check if you have received your credits) and the YouTrip app.
• Generate QR code on YouTrip and transfer the credits to YouTrip from the LifeSG app.
• Transfer the money from YouTrip to your bank account via PayNow!

Step 1: Make Sure You Have the LifeSG app and YouTrip accounts

For this to work, you must sign up for a free YouTrip account and download the LifeSG app to check if you have already received the credits.

For those of you familiar with converting the old NS55 credits to cash, YouTrip now supports transfers directly via PayNow, so you do not need to go through another third-party platform! 

Make sure that you have these accounts verified to avoid any issues. If you have yet to receive the NS LifeSG Credits, do note that they are being given out in batches from 1 to 30 Nov 2024.

Step 2: Transfer NS credits from LifeSG to YouTrip

Once you have the required accounts and apps:

1. Open your YouTrip app and tap on “Top Up”.
2. Enter the amount “SGD $200” and ensure that the option “Paying with PayNow” is selected.
3. Tap on “Generate QR code”.
4. Tap on “Save to Photos”

1. Open your LifeSG app and scroll all the way down to “Your benefits” and click on “NS LifeSG Credits”, where you will see your available NS LifeSG Credits.
2. Click on “Scan QR Code to pay” then use the YouTrip QR you saved for payment!

Once done, you should see a transaction page confirming that you have transferred your credits to YouTrip (YOUTECH).

Now, you should have $200 in your YouTrip account.

Step 3: Transfer the $200 to Your Bank Account

Open up your YouTrip app and click on “Transfer”, “Withdraw to Own Account”.

Enter the $200 amount, select which PayNow method you prefer as the transfer method, and voila!

You have successfully encashed your $200 worth of NS LifeSG credits!