Best way to send money to Singapore | Finder Canada

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Send money to Singapore

Learn how to send money to Singapore with an international money transfer service.

Do you need to send money to Singapore, but feel overwhelmed by the plethora of options available? Don’t worry – you’re not alone – so we’ve got you covered. Compare your options using this handy guide, and if you still have questions, feel free to leave us a comment at the bottom of the page.

Send money to Singapore with XE

XE has fast transfers with no fees and a range of foreign currency tools.

  • Send money overseas in just one day
  • More than 40 different currencies available
  • No transfer fees
  • Keep track of your transaction 24/7 online

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

Take a look at the table below to compare transfer services. Bonus tip: you can use the table headings to sort service providers by categories of difference, like transfer amount, method and speed.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 1.065 SGD
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
CAD 0 Within an hour CAD 3.99 1.066 SGD
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 1.07 SGD
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 150 1 day CAD 15.00 1.06 SGD
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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.

Banks vs money transfer companies or services

While it makes sense for you, as a consumer, to trust that your bank is doing business with your best interest in mind, when it comes international transfers, it can be well-worth your time and energy to compare your options. Banks have a tendency to bite off a little more than you’d probably like them to chew.

What do we mean by this? Banks sometimes charge high exchange rates and transfer fees. For this reason, many savvy consumers opt to send money through online transfer services specializing in safe and affordable transfers overseas. Because these companies send money back and forth between countries every day, they can offer more competitive rates with lower fees than the bank.

Case Study: Tim compares transfer services to send money to Singapore

Tim is organizing a long-overdue vacation travelling through parts of South East Asia with his sister, Chelsey, who is currently living in Singapore. Tim plans to meet Chelsey in Thailand in early June, but she calls their trip off one month before his imminent arrival because she can’t afford it. Since Tim hasn’t seen his sister in a couple of years, he decides to send her $1,000 to help her buy her plane ticket. While Tim’s bank offers to help him complete the transfer, he’s less than impressed with its rates, and decides to compare them against a well-known international money transfer service.

Canadian BankMoney Transfer Service
Exchange rateCAD$1 = SGD$1.01$1CAD = SGD$1.04
Transfer fee$22$15
Amount received for $1,000
Transfer time

2 – 5 business days.

2 – 5 business days.
Transfer optionsBank transferCash pick-up
Difference (excluding fees)+ SGD$30

Tim realizes that he can save approximately SGD$30 (around $29) on the exchange rate with the money transfer option, with an additional saving of $7 in fees.

Today’s exchange rate CAD to SGD

How to compare service companies when transferring money to Singapore

While Tim still has a lot to learn about money transfers, he did have a couple of epiphanies on what features and rates to look for when comparing services.

  • Competitive exchange rates. More competitive exchange rates can make a big difference to your bottom line.
  • Minimal fees. Lower fees are a no-brainer if you’re looking to put more money in your pocket.
  • Various transfer methods. Money transfer services offer plenty of options, including mobile wallet top-ups and cash pick-ups, in addition to bank-to-bank transfers.
  • Fast transfer times. Money transfer services can get money to your recipient in a matter of minutes, while banks typically take between 1 and 3 days.
  • Reliable customer service. Some services have a better reputation than others, so it’s best to do your homework if you want someone to help you on the other end if you happen to run into a snag with pick-up.
Back to top

Compare Money Transfer Services

Money Transfer ServiceTransfer Fee (CAD)Exchange Rate MarkupTotal in SGD minus fees (from $1000.00)
Canadian Forex$15$1.04381,029
XE Money Transfer$0$1.04361,044
Currency Solutions$0$1.04381,044

Rates as of 25 February 2018

Emergency cash transfers to Singapore

So you need to send money to Singapore as soon as possible? The best thing to do is search for a cash pick-up service like Western Union or MoneyGram. While these services are often more expensive than the bank, with higher transaction fees and exchange rates, they typically take only a matter of minutes to process, and can be a real lifesaver in the event of an emergency. Once your money is on its merry way, your recipient will just need to go to the appropriate location with some form of identification and the details of the transaction.

Back to top

Cash pick-up locations in Singapore

Both Canada and Singapore don’t fall short when it comes to the number of Western Union and Moneygram locations, which offer swift cash transfers between countries.

Western Union


Back to top

Picking up cash in Singapore

If you’re aiming to visit this financial and technological hub in the near future, the Government of Canada recommends that you exercise a normal degree of caution (as of 25 February 2018). Petty crime, such as pick-pocketing and purse snatching are fairly rare, but do occur in airports and hotels as well as on public transportation and in areas frequented by tourists. Keep an eye on your valuables when travelling through crowds and use common sense when carrying large amounts of cash through busy streets.

Background for Singapore

An island city-state off southern Malaysia, Singapore is a global financial hub with a tropical climate and multicultural population. As a major Asian gateway, Singapore is well-placed for Canadian companies intending to do business with Southeast Asia, China and India. Being Canada’s third largest export market in the Association of Southeast Asian Nations (ASEAN), Singapore is also an important regional trade partner for Canada. Recent records show there is a small community of Singaporeans living in Canada, consisting largely of expatriate professionals and students, and around 5,000 Canadians living in Singapore.

Back to top

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site