Send Money to Singapore Cheaply

Information verified correct on December 10th, 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 10th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Western Union International Money Transfers
Send money online to friends ... and family around the world with Western Union.
AUD 1 Same day
OnlinePhoneCash TransferAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
AUD 200 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
AUD 250 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Citibank Plus Everyday Account
A transaction account with free ... transfers to any country and no foreign transaction or international ATM withdrawal fees.
AUD 0 Same day
OnlinePhoneAgent...
Rates are always
changing, click to check
your price today
More
EUR 8 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currency Online International Money Transfers
Enjoy regular scheduled ... transfers, one off transfers and a range of currencies. Also enjoy your first transfer for free.
AUD 0 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
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
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More

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
Back to top

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
Was this content helpful to you? No  Yes
feedback