Send Money To Singapore

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Singapore Flag
Singapore
SGD
1 USD equals
1.367 SGD
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      Currencies Direct Logo
      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      medium

      2-3 days

      Less Information
      +

      Transfer Options

      • Bank transfer
      • Debit card

      Features

      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Schedule transfers easily
      • Circle Check Icon
        Make use of hedging tools
      • Circle Check Icon
        Accepts customers from most countries
      • Circle Check Icon
        Cannot sign up from all states in the U.S.

      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Singapore

      How To Step Icon
      Step 1
      Compare the top companies, create an account
      Compare the top companies, create an account
      Start by comparing the top companies that let you send money to Singapore.
      Take your specific requirements into account before narrowing down on the best alternative. This includes you wanting to sign up either as an individual or a business.
      Complete the registration process by providing the required information. Most companies verify their customers' identity at this stage.
      How To Step Icon
      Step 2
      Examine exchange rates, confirm the transfer
      Examine exchange rates, confirm the transfer
      An easy way to determine if it is a good time to transfer money to Singapore is by taking a look at the recent history of SGD exchange rates. Once you decide to move forward, visit your service provider's website.
      Request a rate quote by entering the transfer amount.
      To lock the rate on offer, accept the quote. Get an indication of the estimated processing time.
      Provide the recipient's Hong Kong-based bank account details.
      How To Step Icon
      Step 3
      Make your payment, track the transfer's progress
      Make your payment, track the transfer's progress
      You may get to make your payment in different ways, depending on your service provider and your country of residence. Your service provider will send money to Singapore soon after it receives your payment.
      You may check the status of your transfer by using your service provider's website or app. Many companies send updates to their customers via emails and text messages.

      Currency Symbol and Swift Codes

      The Singapore dollar (SGD) is the official currency of Singapore. The Singapore dollar also serves as legal tender in Brunei because of the Currency Interchangeability Agreement between the two countries. Consequently, the Brunei dollar is used as legal tender in Singapore. In 2016, the Singapore dollar was the 12th most traded currency in the world.

      If you wish to carry out an overseas money transfer to a bank account in Singapore you will need the receiving bank’s SWIFT code. Here are SWIFT codes of some prominent banks in the region.

      BANKBRANCHSWIFT CODE
      DBS GroupSingaporeDBGHSGSGXXX
      United Overseas BankSingaporeUOVBSGSGXXX
      Bank of SingaporeSingaporeINGPSGSGXXX
      Citibank SingaporeSingaporeCITISG21XXX

       

      Case Study

      Lim decided to move from Singapore to Australia when he found a suitable job there. His younger brother was still studying in Singapore, where he continued living with their mother. Since both were financially dependent on Lim, he had to keep sending them money regularly. Lim used the services of a popular Australian bank for the first few transfers, after which he compared it with some of the top money transfer companies. This is what he found.

       BANKMONEY TRANSFER SERVICE
      Exchange rateAUD 1 = SGD 0.9801AUD 1 = SGD 0.0062
      Transfer feeAUD 20AUD 0
      Amount received for AUD 2,000SGD 1,940.60SGD 1,992.40
      Transfer time2 to 5 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of SGD 51.80

      By using the money transfer company instead of the bank, Lim’s mother ended up receiving a little extra money each month. The company he selected let him lock in exchange rates if he found them to be favorable, and he was also given the ability to schedule his transfers.

       

      Cash Pickup Locations in Singapore

      If your main aim is to send money to Singapore in a hurry, or if the recipient does not have a bank account, you may consider using the services of companies such as Western Union, MoneyGram, and Ria.

      WESTERN UNION IN SINGAPORE 
      HBZ International Exchange 111 North Bridge Road Peninsula Plaza 01 17 18 SingaporeJC Money Change 221 Boon Lay Place 01 128 Boon Lay Shopping Centre Singapore
      Kranji Recreation Centre 11 Kranji Close #01-12 Singapore 
      MONEYGRAM IN SINGAPORE 
      Ameertech Remittance and Exchange Service 178 Toa Payoh Central #01-230 SingaporeMatchmove Pay Far East Plaza 14 Scotts Road 02-50b Singapore
      Brunphil Express 304 Orchard Road #02-83 Lucky Plaza Singapore 
      RIA IN SINGAPORE 
      Toa Payoh 178 Toa Payoh Central #01-230 Toa Payoh SingaporeBKK Block 301 Ubi Avenue 1 01-275 Singapore
      City Plaza 810 Geylang Road #01-09 City Plaza Singapore 

       

      Safety Tips for Picking Up Cash in Singapore

      Remain watchful of petty crime such as bag snatching and pickpocketing, especially at areas frequented by tourists, at hotels, on public transportation, and at airports. Do not leave your belongings unattended in parked vehicles. Use hotel safes to safeguard your valuables and travel documents when possible.

       

      What Information Do I Need to Transfer Money to Singapore?

      The transfer method you select has a bearing on the information you need to provide when sending money to Singapore.

      • Bank account. You will need the recipient’s complete name and bank account number as well as the receiving bank’s name and SWIFT code.
      • Cash pickup location. You will need to provide the location of a desired cash pickup center along with the recipient’s complete name. To collect the money the recipient will need to provide a reference number and an acceptable form of ID.

       

      Regulations When Transferring Money To and From Singapore

      The Singapore dollar is a free floating fully convertible currency, so you may make money transfers to and from Singapore easily. The Monetary Authority of Singapore oversees the region’s financial services sector and is responsible for setting the country’s monetary policy. The exchange rate of the Singapore dollar fluctuates within a policy band that the country’s central bank sets twice a year.

      There are minimal restrictions when it comes to moving money in and out of Singapore. Businesses have to report all transfers that exceed SGD 5,000 to relevant authorities.

      Convert USD to SGD

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      SGD
      Sending money online through specialist money transfer companies.

      Expect to receive between S$135.35 and S$136.17 when sending money from USD to SGD at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately S$129.89, not including additional banking fees. That is an average saving of S$5.88.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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