Find the Best Way to Send Money from Singapore

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4 of the best companies for sending money from Singapore

Major banks can charge over 5% per transfer, eating into the money which should be in your pocket. We want to help you to find cheaper and easier ways to transfer, thats why our team of experts test, review and rate each provider service to find the best (and safest) options out there. Here are 4 of our experts favourite services, don't forget to use the comparison to find the cheapest deals!

Best exchange rate

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Ideal for expats or sending money to family and friends. They offer quick, easy to use online service and mobile app. Their rate is what you see on Google with no margins added. Transfer Fees of 0.45% but if you're transferring more than $10,000, their fees can make them less competitive. 

  • Best rates up to $10,000
  • No hidden fees and charges
  • Super simple and fast to use
Fee free

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Good option for those who can wait 1-2 business days as they don't charge a fixed transfer fee. Rates are on average 0.5-2% more than the market exchange rate or that you see on Google. Be aware that final  costs are shown at the end of registration.

  • No fixed transfer fees
  • No minimum transfer limit
  • Better rates over $10,000
Best for over $10,000

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OFX have been around for over 20 years, they offer better rates the more you transfer and have excellent customer service. They offer no fixed fees above $10,000 and a  2%-4%  rate margin. Transfers take 1 business day for major currencies and up to 3 business days for exotic currencies.

  • Best rates for large amount
  • Exceptional service
  • Locked in exchange rates
Best for cash and small amounts

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Cash transfers are expensive, but WorldRemit are one of the cheapest options. With no minimum transfer amount and many different ways to receive currency in over 140 countries. They are best for sending cash to Africa and Asia.

  • Cash, Mobile wallet and Airtime top-up
  • Funds available in minutes
  • 24/7 customer support

You might also be interested in our other international money transfer reviews

We’ve listed some of our favourite money transfer providers above, but this doesn't mean they're the only great options. Check out our provider reviews for a summary of their services and what our experts think:

  • InstaReM logo
  • Revolut

How to transfer money internationally

  1. 1 Register

    With your personal details online with your chosen provider and select the amount you want to send.

  2. 2 Add recipients details

    Including their bank details, 8 digit account number and 6 digit bank sortcode or IBAN. Plus their home country address.

  3. 3 Add your ID

    Sending from Singapore you’ll need a valid scanned government-issued photo ID.

  4. 4 Pay and you're done!

    You can track your transfer until it's received.

For more detail read our guide on how to send money abroad

By Natalie Robertson Updated March 26th, 2021