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How to send money to Singapore

Here’s how to send a quick, affordable and secure money transfer to Singapore.


Fact checked

Singapore is one of the most highly traded currencies in the world, giving you plenty of options when you’re looking to send money from Hong Kong. However, the wide selection means you should take extra time comparing the differences between banks and money transfer companies. Get the most out of your money by knowing exactly how to find the lowest fees and best exchange rates out there.

Send money to Singapore with TransferWise

TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.

  • 受政府監管
  • 支援超過45+種貨幣
  • 使用中端市場匯率

Compare international money transfers to Singapore

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 10 1 - 2 days HKD 120.00 0.171 SGD
以透明的匯率,低收費及低最低金額的網上服務作匯款。 TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 5 1 - 2 days HKD 25.00 0.169 SGD
新客戶可享有首三個月無限次免手續費匯款。New customers get 3 months of unlimited free transfers.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
SGD 1 1 day HKD 40.00 0.171 SGD
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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USD 50 1 day HKD 35.00 0.171 SGD
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
USD 1 Within an hour HKD 20.00 0.17 SGD
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
USD 100 1 day HKD 15.00 0.168 SGD
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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GBP 5,000 1 - 2 days HKD 0.00 0.168 SGD
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details
USD 2,000 1 day HKD 0.00 0.168 SGD
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。 TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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.

How do international money transfers work?

International money transfers allow you to send money to someone in a different country. This can be done in-person, online or over the phone, and your recipient may be able to have their cash deposited directly into a bank account or choose to pick it up from an agent location.

Banks vs transfer services

Most Hong Kong banks will be able to make a money transfer between Hong Kong and Singapore, but you’ll likely be faced with high fees and less favourable exchange rates. While it might be your first instinct to just go through your bank, it may save you money to choose another option.

Money transfer companies specialise in international money transfers. Often, you’ll receive a better exchange rate and pay less fees. And if you’re under a time crunch, don’t worry — you may even be able to have your transfer sent to Singapore on the same day.

How to compare transfer companies when transferring money to Singapore

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pick-ups. Also ask how your recipient can receive your funds: bank account, cash pick-up, mobile wallet and more.
  • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pick-ups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.

Foreign exchange rates explained

Exchange rate is what banks and other companies use to determine how much one currency is worth when converted to another currency. A strong currency will yield more when exchanged with a weak currency. Although the Singapore dollar is stronger than the Hong Kong dollar, there isn’t much of a difference with the Singapore dollar.This means your recipient will receive a little less money when you make a transfer to Singapore.

Options for sending money to Singapore from Hong Kong

  • Bank transfers. Many Hong Kong banks can safely wire your funds to countries around the world. However, many charge frustratingly high fees and offer weaker exchange rates than some other transfer options.
  • Online money transfer services. These specialists offer more affordable transfers than banks do, allowing you to quickly and easily manage your transactions from home. With competitive exchange rates and lower fees, you can send funds from your bank account. Many also allow you to pay with a credit or debit card.
  • Providers with cash pick-up. Trusted providers like Western Union and MoneyGram offer the key advantage of giving your recipient fast access to the cash you send — sometimes within minutes. You can often pay online or at one of thousands of agent locations worldwide. However, services typically cost more than an online transfer specialist.
  • PayPal transfers. Not just for online purchases, PayPal offers transfers to more than 100 countries and supports multiple currencies. Its exchange rates are often better than those you’ll get from a bank but not quite as strong as rates from money transfer companies. PayPal calculates its transfer fee as a percentage of the amount you’re sending — meaning it’s often better for sending smaller amounts of money.
  • International money order. You can get this type of money order from your bank and send it overseas to your recipient, who then cashes it in with their own bank. While more secure than a personal cheque, it’s a slower option than using an electronic transfer. It also costs a little more — you’ll have to purchase the cheque, and your recipient may be charged a fee by their own bank to have it cashed.

How to send money to Singapore

  1. Choose a money transfer provider from the table above.
  2. Click “Go to Site” to register with the provider.
  3. Enter your recipient’s information and pay for your transfer.
  4. Save your tracking number to follow up on the progress of your transfer.

Same-day transfers to Singapore

It’s completely possible to send same-day transfers to Singapore, but you might pay extra for it. Usually, you won’t receive the best exchange rate. You may also be on the hook for higher fees. But for many people the convenience outweighs the extra cost, especially if you’re facing an emergency. Take the time to compare your same-day transfer options to find one that offers an exchange rate close to the market rate and doesn’t have exorbitant fees.

Tips for picking up cash in Singapore

Although Singapore is a stable and safe travel destination, picking up cash can still be dangerous. If possible, you should avoid any areas that have high crime rates, travel during the day and bring a friend. Once you pick up your cash, avoid taking it out in public. Instead, stay aware of your surroundings and quickly deposit your money into a safe or bank account.

Bottom Line

You have multiple options to choose from when sending money to Singapore from Hong Kong. To get the best value for money for your international money transfer, compare the benefits and features of competing services before selecting a provider.

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