Review: SingX international money transfers

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Get the interbank exchange rate and same-day processing on your next overseas transfer.

  • Good for fast transfers, mid-market exchange rates and fees declared upfront.
  • Not so great for larger transfers. SingX also doesn't support cash transfers.

AUD 1

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

Details

Product NameSingX International Money Transfers
Min. Transfer AmountAUD 1
Max. Transfer AmountNo limit
Transfer MethodsOnline, Bank Account to Bank Account, Cash Transfer
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Chat, Email
Available CurrenciesAUD, CAD, EUR, GBP, IDR, INR, LKR, NZD, PHP, SGD, USD
Online Transfer Fee0.52%

SingX exchange rates and fees

SingX offers an online calculator that allows you to see the fees and exchange rates that will apply to your transaction upfront.

In most cases, you'll receive the mid-market rate for your transaction. This is the rate you see listed on Google and is also known as the interbank rate. However, a fee of up to 0.5% will apply to your transaction.

Additional charges may apply if you want to send a volatile or less frequently traded currency. In these situations, SingX may apply an exchange rate mark-up or a flat fee.

You can also see what your transfer might look like by using the calculator below:

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 1 day AUD 52.00 0.667 USD
6,633
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Available currencies

SingX supports transfers from AUD to more than 15 currencies, including:

  • CNY Chinese yuan
  • EUR Euro
  • GBP British pound
  • INR Indian rupee
  • JPY Japanese yen
  • NZD New Zealand dollar
  • PHP Philippine peso
  • USD US dollar

You can check out a full list of supported currencies above.

What types of transfers can you make with SingX?

SingX only supports bank account transfers. Other options, such as cash pick-up or mobile wallet transfers, are not available.

SingX also offers a cross-border payments service for business customers.

How long does a transfer with SingX take?

Before your transfer can be sent, you'll need to allow time for your deposit to arrive with SingX. This usually takes 1-2 working days.

The time it takes for your transfer to be sent will then depend on where you are sending money. In most cases, it will take 1-2 working days for your transfer to be completed.

Transfers typically takeClock icon for transfer speed

1 day

What payment methods does SingX accept?

You can send money to SingX using the following payment methods:

  • Online bank transfer
  • POLi

Is SingX safe to use?

  • Security and regulation: Regulated in Australia by ASIC
  • Established: 2014
  • Awards: MAS Global FinTech Award Winner 2017

*According to SingX on 4 February 2020.

SingX is registered in Singapore and works with licensed remittance operators in the countries where it does business. In Australia, it is regulated by ASIC and is listed on AUSTRAC's Remittance Sector Register.

SingX claims to have a range of security measures in place to ensure the safety of your personal details. These include two-factor authentication on your account, keeping client funds in a segregated account and storing all account information in a secure facility.

How does SingX make money?

SingX makes money by charging a transfer fee on all transactions.

If you're sending a transfer in a rare currency, SingX may also apply an exchange rate mark-up to your transaction.

How to register an account

You can register for a SingX account by completing the following steps:

How do I make an international money transfer with SingX?

You can complete a transfer by following these steps:

  1. Log in to your SingX account.
  2. Click "Start your transfer".
  3. Confirm the amount and currency you'd like to send.
  4. Review the details of your transaction, including the transfer fee.
  5. Enter your recipient's bank account details.
  6. Pay for your transfer via online banking or POLi.

What is SingX?

SingX is a global remittance service based in Singapore. Established in 2014 by former American Express banker Atul Garg, SingX has since expanded its operations to Australia and Hong Kong.

In Australia, it offers money transfer services through its wholly owned subsidiary, SingX Australia Pty Ltd. The company's Australian headquarters are located in Brisbane.

In a nutshell

Pros

  • Get the mid-market rate. When you send money overseas with SingX, there'll be no margin added to the mid-market exchange rate.
  • Transparent fees. All fees that apply to your transaction are revealed upfront, so there are no nasty surprises.
  • Quick transfers. In many cases, it only takes SingX one working day to complete a transaction after receiving your funds.

Cons

  • Doesn't offer cash transfers. If you want to send a cash pick-up transfer to an overseas recipient, you'll need to consider other transfer providers.
  • Limited payment methods supported. The only way to pay for your transfer is from your bank account – credit card and cash payments are not supported.
  • Fees on large transfers. Since the transaction fee with SingX is a percentage-based fee, it can be quite expensive to send larger transfer amounts.

How does SingX compare to other services?

How does SingX stack up against other money transfer services? Enter the details of your transaction into the calculator below to find out.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.664 USD
6,641
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.664 USD
6,641
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.664 USD
6,641
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.664 USD
6,641
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.664 USD
6,641
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
AUD 1 1 day AUD 52.00 0.667 USD
6,633
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 0 Same day AUD 2.99 0.659 USD
6,593
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
AUD 1 1 day AUD 0.00 0.663 USD
6,635
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.66 USD
6,600
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.659 USD
6,585
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently asked questions

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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