Send Money to Singapore Cheaply

Information verified correct on December 8th, 2016

Singapore

Send more money to friends or family in Singapore for less.

Do you need to send money to Singapore? Nearly all banks and international money transfer providers will let you send money to Singapore, but which business or provider is going to let you do it cheaply, easily and quickly? If you want to send money to Singapore, we have a look at the different options available to you below.

International money transfer services which allow you to send money to Singapore

Using the table below you can compare transfer services. Use the table headings to sort products based on the minimum transfer amount, online transfer fees, transfer methods and transfer speeds. Alternatively, you can read on below for more information.

Rates last updated December 8th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Western Union International Money Transfers
Western Union International Money Transfers
Send money online to friends and family around the world with Western Union. AUD 1 Same day Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Go to site More
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
AUD 200 1 day Online, Phone, Agent Go to site More
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive: OFX (Ozforex) International Money Transfers
Transfer amounts over $250 in as little as two days and schedule regular transfers with one of the most competitive rates. AUD 250 1 day Online, Phone, Agent Go to site More
Citibank Plus Everyday Account
Citibank Plus Everyday Account
A competitive transaction account with fee-free transfers to any country and no foreign transaction or international ATM withdrawal fees from an Citibank ATM. AUD 0 Same day Online, Phone, Agent, Bank Account to Bank Account More
Exclusive: CurrencyFair International Money Transfers
Exclusive: CurrencyFair International Money Transfers
A competitive, fast and secure peer-to-peer transfer service with a large range of currencies on offer. Free one transfer if you apply via finder.com.au. EUR 8 2 days Online Go to site More
Currency Online International Money Transfers
Currency Online International Money Transfers
Enjoy your first transfer for free and take advantage of low costs, real rates in real time as well as safety and security. AUD 0 2 days Online, Phone Go to site More
Compass Global Markets International Money Transfers
Compass Global Markets International Money Transfers
Send money in as little as 24-48 hours to a range of countries with Compass Global Markets. AUD 1,000 2 days Online, Phone Go to site More

Speak to a FX Expert

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com.au privacy policy
TorFX Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Back to top

Banks or money transfer companies?

Nicholas wants to send a one off financial gift to an old friend in Singapore. He wants to know which company his going to give him the best deal. Nicholas watches the exchange rate closely, and he wants to make sure he’s getting value for money.

Have a look at this example to see the difference between a bank and non-bank money transfer company.

Money Transfer Service 1 (Bank)Money Transfer Service 2 (Non-bank)
Exchange rate$1AUD = $1.059800SGD$1AUD = $1.0967SGD
Transfer fee$22.00AUD for online transfers.$30AUD for transfers requested from a branch.$15AUD for transactions under $10,000.
Amount received for $1000 AUD (Singapore Dollars)$1059.80SGD$1,097.40SGD
Transfer time

2 - 5 business days.

2 - 5 business days.
Transfer optionsBank (wire) transferWire transfer.
Difference of (exclusing fees)+ $37.60SGD

How to compare international payment providers

Be conscious of the following features when you’re comparing quotes from international money transfer companies.

  • Exchange rates. Pay attention to the exchange rate. The exchange rate is the rate of conversion between Australian and Singaporean Dollars (SGD). The more SGD you can get for an Australian dollar, the better. Different international payment providers have different exchange rates. You can view different exchange rates for overseas payment providers by getting a no-obligation quote on the provider’s website.
  • How to collect. What are the provider’s terms for collection of the funds? With some institutions and transfer companies, you can only send the funds to the recipient's bank account; while other providers allow the cash to be picked up from a local business.
  • Fees and charges. How much are you going to get charged for sending money to Singapore? Some international payment providers charge a fee when you want to send under a certain amount, other providers have a flat fee regardless of the size of the transaction and then there are providers that let you send money to Singapore for free. Be conscious of the relationship between fees and the exchange rate. Sometimes international payment fees are subsidised by a higher foreign exchange rate.
  • Transfer time. How long will it take before the funds are available to collect or withdraw in Singapore? Some companies let you send money to Singapore in minutes. The quicker the transfer time, generally the more expensive the transaction.
  • Minimum transfer. This is important if you only want to send a small amount of money to Singapore. There are providers who have no minimum transfer limit; however, with most companies, transfers under $1,000 attract a fee.
Back to top

How to send money to Singapore from Australia

Due to the popularity of SGD, most providers allow you to make a payment from Australian to Singapore.

Compare international money transfer companies that let you send money to Singapore here

You may also want to consider the following providers, too.

  • Paypal. You can send money to Singapore using PayPal. Note that the money needs to be converted into USD before SGD, and it may take between 5 and 10 business days before the funds are made available. Fees may be charged if you’re sending the money using your credit card, however, if you already have funds in your Paypal account, the transfer is free. All you need is the recipient's email address.
Back to top

Emergency cash transfers to Singapore

If you need to get money to Singapore fast, there are a couple of options.

  • Transfer service with cash collection. A speciality international money transfer company like Western Union or MoneyGram is the way to go. A person can collect cash from a business in Singapore only minutes after it has been sent from Australia.
  • Emergency cash advance. Alternatively, if you’re in Singapore and you need access to cash, your credit or debit card provider may be able to arrange an emergency cash advance through a local merchant. Give Visa, MasterCard or American Express a call to get access to the funds in your account if your card has been lost or stolen.
  • Insurance. Double check the terms and conditions of your travel insurance policy. Most providers have a benefit which covers you in the even you get stuck without cash.
Back to top

Cash pickup locations in Singapore

Western Union

As one of the most established international money transfer companies, Western Union have a large number of collection points in Singapore. Examples of places where funds can be collected include:

  • Raffles Post Office

    10 Collyer Quay B1-11 Ocean Financial Centre Singapore.

    +65-65386899

    Monday to Friday: 8.30am - 6.30 pm. Saturday 8.30am - 1pm.

  • American Express Foreign Exchange

    Fes Retail Tang Plaza, 320 Orchard Tang Plaza, Singapore.

    +65-67352069.

    Monday to Sunday: 9.00am - 8.30pm.

Moneygram

A Moneygram collection point is never far away from wherever you are, anywhere in the world., If you’re sending money to Singapore with Moneygram, the funds can be collected at a number of businesses, including:

  • Ameertech Remittance and Exchange

    195B Serangoon Rd. Broadw, Singapore.

    06562977707

    Monday to Friday: 10am - 9pm. Saturday & Sunday: 10am - 10pm.

  • Sir Money Changer

    1 Maritime Square, 01 - 60 Harbourfront Centre, Singapore.

    06562747411

    Monday to Sunday: 9am to 8.30pm.

Photo identification is required to collect the money.

Back to top

Picking up cash in Singapore

Singapore is a relatively safe destination for Australians to visit. The Department of Foreign Affairs and Trade website advises to 'exercise normal safety precautions' when travelling in Singapore. If you’re collecting cash from a location in Singapore be sure to exercise the normal precautions. For example, if you’re carrying a large amount of cash, be sure to keep it out of sight and travel with a group or a friend.

Back to top

How to send money to Singapore

Generally, the following information is required when you want to send money to Singapore.

Bank transfers

  • The name, address and bank code of the receiving financial institution.
  • The receiver's name, address, account name, account number and International Bank Account Number (IBCN)

Non-bank transfers

Generally, once you’ve paid for the international funds transfer, you only need to provide the customer reference number to the person collecting the money.


Sending money to Singapore doesn’t have to be complicated, and it doesn’t have to be expensive either. There are a number of providers on the market that let you send money to Singapore. If you have any questions about our page, get in touch with us using the form below and a member of our team will be in touch.

Back to top

International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply

Exclusive: World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Exclusive: CurrencyFair International Money Transfers

Exclusive offer: 3 Free transfers (after your first transfer).
A peer-to-peer transfer service with a large range of currencies on offer.

FC Exchange International Money Transfers

No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback