Find the Best Way to Send Money to Singapore

Looking to send money from the USA to Singapore? Are you confused by the different options online to transfer money overseas? Let us guide you through the 5 best ways to transfer funds to Singapore from the USA. We will show you the cheapest option, a fee free option, the best option for larger funds, the best for sending cash and the best big brand money transfer services.

Need to send money from Singapore to the US instead? Learn more here.


5 of the best options to transfer money to Singapore from the USA

Best Overall Online Service


If you prefer to transfer money online, TransferWise is the easiest way to do it. It's incredibly simple to set up an account or make a transfer using their app. They also have the best exchange rates, because they offer the same market rate you see on XE or Google and don't add any hidden exchange rate markups.

How much does it cost to transfer money to Singapore?

Transfer Fee: 0.46% up to US$135,000 or 0.36% above US$135,000, plus a flat fee of US$1.36.
Exchange Rate: TransferWise gives you the best possible rate for currency transfer. They do not use a margin.
Additional Fees: Bank debit (ACH) is the cheapest; then bank wire transfer; followed by debit card and credit card.

How to transfer money with TransferWise?

  • Create an online account, login and set up your first transfer.
  • Tap in how much and where to. Enter your recipients details.
  • Make local US payment to TransferWise, using a bank transfer, your debit or credit card.

How long does it take?

Your recipient will get the money in Singapore dollars (SGD) directly from TransferWise's local bank account within 0-1 business days.

Is TransferWise safe?

Yes they are. Their bank account is with Wells Fargo in the US. Click here to see our full review of TransferWise.

Best features:

  • Quick online set-up
  • Transparent fees and offer the best exchange rates online
  • Very fast transfers to a bank account
  • Simple cell phone app

Service details:

For TransferWise help online.

XE Money Transfers

As a trusted and seasoned name in foreign exchange, XE could be a good option for online users who aren't under time pressure. They don't charge fixed fees and don't have any minimum amounts so are good for any sized transaction.

How much does it cost to transfer funds to Singapore?

Transfer Fee: Free, but there can be hidden charges at the local bank.
Exchange Rate: The USD/SGD exchange rate you receive, when you convert your US dollars into Singapore dollars, will depend on the amount of your transfer.

How to transfer money with XE?

  • Set up account online or over the phone.
  • Tap in how much, where to and which currency.
  • Pay XE and they will transfer the funds to your recipients bank account.

How long does it take?

Your recipient will get the money in Singapore dollars into their account in 1-2 business days.

Is XE safe?

Yes they are. They are licensed as a Money Transmitter by the DFS in New York and registered with FINTRAC.

Best features:

  • No fees or minimum amounts for money transfers
  • Better exchange rates for larger amounts
  • Well known and trusted brand
  • Business and individual support, plus accessible customer service

Service details:

For help from XE and phone number: US- 1-877-932-6640


WorldRemit specializes in remittances and smaller transfers. They're perfect for personal money transfers from the US of up to US$10,000 to Singapore. Their rates are usually better than your local bank's and they offer more flexible delivery options than companies like PayPal, Western Union or MoneyGram.

How much does it cost to transfer money to Singapore?

Transfer Fee: $3.99 per transaction.
Exchange Rate: WorldRemit add a margin to the exchange rate. Click here to get an indicative exchange rate to send money from the USA to Singapore.
Maximum transfer amount: US$10,000

How to transfer money with WorldRemit?

  • Create an online account and login.
  • Tap in how much and where to. Enter your recipients details.
  • Make local US payment to WorldRemit, using a bank transfer, debit card, credit card, prepaid card, Poli, Interac, iDEAL, Sofort, Google Pay, Apple Pay or Trustly.

How long does it take?

Depends on your delivery choice. For a wire transfer they will get Singapore dollars (SGD) in 0-3 business days.

Is WorldRemit safe?

Yes they are. Learn more about how trustworthy WorldRemit are.

Best features:

  • Offers bank deposits, Mobile Money and Airtime top-up
  • Easy online platform and cell phone app
  • Transparent costs with accurate calculator tool
  • 24/7 customer support

Service details:

WorldRemit FAQs


OFX are particularly good for larger transfers because they have personal account managers that are really helpful, particularly if it's your first time sending money to Singapore. They also offer better exchange rates, the more you transfer.

OFX is one of the oldest money transfer companies and have a good track record for security. They are a global business with offices in Sydney, Hong Kong and many other international locations.

How much does it cost to transfer funds to Singapore from the US?

Transfer Fee: OFX no longer charge a flat transfer fee for customers in the USA.
Exchange Rate: OFX add a margin to the exchange rate when you convert your US dollars into Singapore dollars (SGD).
Minimum Transfer Amount: US$150 for single transfer; US$250 for recurring transfers.

OFX has a currency exchange calculator, but it shows the interbank rate. This is the rate BEFORE they apply their margin. To get an accurate quote, you need to set up an account with OFX. Alternatively, use our money transfer exchange rate comparison tool. You'll see OFX's actual exchange rates and fees and comparison with other services.

How to transfer money with OFX?

  • Create a free online account and login to get a live quote for your transfer.
  • Enter your recipients details including bank account, financial institution number, account number and branch transit number.
  • 'Finalize transaction' and pay using a bank or wire transfer. Business customers can use direct debit.

How long does it take?

Your recipient will get the money in Singapore dollars into their account in 1-2 business days.

Is OFX safe?

Yes they are. See our full review of OFX for more information.

Best features:

  • Easy online set-up
  • Good exchange rates and lock-in rate for larger amounts
  • 24/7 phone support
  • Cell phone app

Service details:


Xoom powered by PayPal

Xoom is convenient for money transfers, but costly compared to other money transfer specialists.

How much does it cost to transfer money to Singapore?

Transfer Fee: Differs depending on amount or transfer type. US$4.99 transaction fee for a bank transfer. 3% for debit or credit cards. US$4.99 transaction fee for a cash pick up under US$2,000 using a bank transfer. 2% for debit or credit cards for a cash pick up under US$2,000.
Exchange Rate: About a 2% margin is added to the exchange rate when you convert your US dollars into Singapore dollars (SGD).
Get a quote: Up to US$10,000 with 24 hrs with social security or passport number. Click here to find out the cost to transfer money to Singapore with Xoom.

How to transfer money with Xoom?

  • Sign up to an account and login.
  • Tap in how much and where to. Enter your recipients details. Enter how you would like to pay.
  • Recipient receives money into their bank account or in cash available for pick up at agent location.

How long does it take?

It will take 1-2 business days.

Is Xoom (PayPal) safe?

Xoom is powered by PayPal and is safe. Paypal is one of the oldest online payment platforms. Learn more about PayPal's safety measures.

Best features:

  • Cash can be collected from BKK Forex, Mass Express, Ameertech Remittance and Exchange
  • Safe, trustworthy, fully licensed and authorized company
  • Pay recipients bills or phone reloads via app

Service details:

Xoom help phone number: (877) 815-1531 (toll free) or +1 (415) 395-4225 from the US

Not ready to Buy? Get rate alerts with our exchange rate tracker

Choose to receive regular updates on the exchange rate or set up alerts, so we can let you know when to buy.


What is the mid market rate?

The mid market rate is the rate issued online, the banks use it as their interbank rate. Money transfer companies can charge a fee or a margin on top of the mid market rate for their service. A bank will charge you a larger margin and an approximate fee of US$30 for an international money transfer.

Is there a fee-free option when sending money from the US to Singapore?

Yes, there are fee-free options with XE. However, you will pay an additional margin to the rate online, also known as the mid market rate.

Are there any minimum or maximum money transfer limits?

These vary depending on which online money transfer company you use.

For minimum transfer amounts, XE and TransferWise have no limits. OFX have a minimum of US$150 per single transaction.

For maximum transfer amounts, TransferWise has maximum limits of US$50,000 for personal accounts. For business accounts they have a maximum limit of US$250,000 in unlicensed states and up to US$1,000,000 in licensed states.

OFX and XE have no maximum transfer amounts. Meanwhile, Xoom has a limit of US$50,000 over 24 hours if you have the required documents.

How do I keep my money online safe when I send it to Singapore?

Safety is very important and all of the online companies above take their legal responsibilities very seriously. They take extreme measures to protect the sensitive data you provide them like your personal details and identification. However, it's still better to be safe than sorry. Here are some additional ways you can transfer funds safely:

  • Double check privacy policies and tracking process for your money transfer provider
  • Use a strong, long and unique password with a combination of uppercase and lowercase letters, numbers and symbols when you set-up your account
  • Ensure your money transfer service provides two-factor authentication, including SMS or email-based security code

Do all money transfer companies have a cell phone app?

Yes. When you have an account with any of the online money transfer services highlighted above, you can make transfers through their website, or via their iOS Apple and Android apps. However, some are easier to use than others.

What other common countries or currencies can I send money from the US?

The most common countries or currencies money is sent to from the US includes: Mexico (MXN), Canada (CAD), Germany (EUR), China (CNY), India (INR), Philippines (PHP), Vietnam (VND), Japan (JPY), New Zealand (NZD) and Australia (AUD).

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General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.

By Justin Rampono Updated October 13th, 2020