Send money to Singapore

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

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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.

TransferWise International Money Transfers

Send your money with TransferWise

TransferWise gives you the real exchange rate when you send money overseas.

  • Same or next-day delivery
  • Transparent fees
  • Easy to use
  • Secure and regulated by FINTRAC

    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 0 Within an hour CAD 3.99 1.036 SGD
    5,175
    Use code FINDERCA and pay zero fees on your first transfer. 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
    CAD 5 1 - 2 days EUR 3.00 1.024 SGD
    5,119
    Special offer: Pay zero fees on your first 5 transfers.
    Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
    Go to site Show details
    CAD 1 1 - 2 days CAD 45.00 1.039 SGD
    5,150
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    CAD 2,000 1 day CAD 0.00 1.02 SGD
    5,098
    Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
    CAD 0 1 day CAD 0.00 1.024 SGD
    5,119
    Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
    USD 150 1 day CAD 0.00 1.029 SGD
    5,145
    TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
    Send money overseas in 45 currencies.
    Go to site Show details
    USD 150 1 day CAD 15.00 1.023 SGD
    5,098
    Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
    A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
    Go to site Show details

    Compare up to 4 providers


    The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    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
    SGD$1,010SGD$1,040
    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.

    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.
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    Compare Money Transfer Services

    Money Transfer ServiceTransfer Fee (CAD)Exchange Rate MarkupTotal in SGD minus fees (from $1000.00)
    TransferWise$10$1.04391,033
    Canadian Forex$15$1.04381,029
    XE Money Transfer$0$1.04361,044
    Currency Solutions$0$1.04381,044
    WorldFirst$10$1.04401,034

    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.

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    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

    Moneygram

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    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.

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