Review: SingX international money transfers
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- Number of Currencies
- 21
- Minimum Transfer Amount
- $1
- Pay By
- Bank transfer
- Fees (Pay by Bank Transfer)
- From 0.5%
Our verdict
Get the interbank exchange rate and same-day processing on your next overseas transfer.
SingX is a strong choice for Australians sending bank-to-bank transfers, particularly to destinations in Asia. It offers competitive mid-market exchange rates on popular currencies and a simple fee structure, with your first two transfers being free. There’s also no maximum transfer limit from Australia, making it a viable option for larger transactions.
However, you should look elsewhere if you need to pay with a credit card or want your recipient to collect cash, as SingX only supports bank transfers. Cash pickup is only available in the Philippines. Its percentage-based fee can also become more expensive than flat-fee competitors like OFX for very large transfers.
Pros
-
Good for fast transfers, mid-market exchange rates and fees declared upfront
Cons
-
Not so great for larger transfers. SingX also doesn't support cash transfers.
Details
Product details
| Product Name | SingX For Large Transfers |
| Pay By | Bank transfer |
| Receiving Options | Cash pickup location, Bank account |
| Customer Service | Phone, Email |
| Maximum Transfer Amount | Unlimited |
| Number of Currencies | 21 |
Pros
- Mid-market exchange rates on popular currencies
- No maximum transfer limit for AUD transfers
- First 2 transfers are fee-free
- Transfers can arrive the same day for some destinations
Cons
- Only accepts bank transfer payments
- Cash pickup is limited to the Philippines
- Percentage-based fee can be expensive for very large transfers
- Does not support recurring transfers
What is SingX?
SingX is a Singapore-based global remittance service founded in 2014. It offers international money transfers for individuals and businesses, focusing on low fees and transparent exchange rates. In Australia, it is operated by its subsidiary SingX Australia Pty Ltd and is regulated by ASIC.
How much does it cost to send money with SingX?
SingX has a transparent fee structure, which it shows you upfront before you commit to a transfer. Here’s how it breaks down:
- Transfer fee. SingX charges a percentage-based service fee on each transaction. This is typically around 0.5% of your transfer amount but can be as high as 5% for less common, more volatile currencies.
- Exchange rate. For popular currency routes, SingX offers the mid-market exchange rate. This is the rate banks use to trade between themselves and is the same one you'll see on Google. For more exotic currencies, SingX may add a small margin to the exchange rate.
- Welcome offer. As a new customer, you get your first two transfers completely fee-free.
Because the fee is a percentage, it can become quite high on very large transfers. If you're looking into how to make a large international money transfer, it's worth comparing the total cost against a provider that charges a flat fee.
How fast is a SingX transfer?
A transfer with SingX can take anywhere from the same day to three working days to arrive. The exact speed depends on the destination country and the time you send the funds.
For many popular destinations, including transfers back to Australia, funds are processed the same day if SingX receives them before 2 PM (GMT+8) on a business day. Transfers sent after the cut-off time or to other corridors typically take between one and three working days.
Transfers typically take
Within minutes
What countries and currencies does SingX support?
SingX supports transfers from Australia to over 180 countries worldwide. You can send money in more than 35 currencies, including major ones like the US dollar (USD), British pound (GBP), Euro (EUR) and Indian rupee (INR).
How does SingX compare to other services?
SingX's combination of mid-market rates and percentage-based fees makes it very competitive for small to medium-sized transfers in popular currencies. However, how it stacks up depends on who you compare it with.
- Compared to Wise. Both SingX and Wise use the mid-market exchange rate, so the main difference comes down to the fee. It's worth getting a quote from both to see which is cheaper for your specific amount and destination.
- Compared to OFX or WorldRemit. For very large transfers, SingX's percentage fee can be more expensive than services like OFX, which often have smaller fees or fee-free options above a certain threshold. For transfers needing cash pickup, a specialist like WorldRemit offers a much wider network than SingX.
What are the payment and payout options?
Simplicity is key for SingX, which means fewer options than some competitors.
- Payment methods. The only way to pay for your transfer is with a bank transfer. Credit cards, debit cards and cash payments are not accepted.
- Receiving options. Your recipient must have a bank account to receive the funds. The only exception is the Philippines, where cash pickup is also available.
Is SingX safe to use?
Yes, SingX is a safe and legitimate money transfer service. It is regulated by financial authorities in multiple countries and uses industry-standard security practices.
- Regulation. In Australia, SingX is regulated by the Australian Securities & Investments Commission (ASIC) and holds AFSL number 508309. It is also regulated by the Monetary Authority of Singapore (MAS) and the Hong Kong Customs and Excise Department.
- Security. SingX uses two-factor authentication to secure your account and holds client funds in segregated accounts, separate from its own business funds. It is also ISO certified.
- Reviews. SingX has a strong reputation with its users. It scores 4.5 out of 5 stars from more than 2,000 Google reviews as of August 2026.
How to send a transfer with SingX
Setting up your first transfer with SingX involves registering an account and verifying your identity.
- Sign up. Go to the SingX website and click "Sign up now", selecting an "Individual" account. You'll need to provide your email address and phone number.
- Complete your profile. Fill in your personal details, including your name, date of birth, address and occupation.
- Verify your identity. You will need to verify your ID online using two documents, such as a driver's licence, Medicare card or passport.
- Start your transfer. Once your account is set up, log in and enter the amount and currency you wish to send.
- Enter recipient details. Provide your recipient's full name and bank account information.
- Pay for your transfer. Review the final costs and then pay for your transfer via an online bank transfer to SingX's designated account.
You can track the status of your transfer in the dashboard of your SingX account and will receive email and SMS notifications upon completion. For on-the-go tracking, you can also use one of the many available international money transfer apps, including the one from SingX.
Frequently asked questions
Sources
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Tim Finder
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