Compare some of the best international money transfer services

How to get the most competitive rate, the lowest commission and the quickest international money transfers.

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Are you looking for a way to send money overseas? We compare a number of financial institutions which offer some of the best deals on international money transfers on the market. Read our tips on how to find the best deal you can get.

Exclusive: OFX (Ozforex) International Money Transfers

Send money internationally with OFX

Get competitive exchange rates and low fees when you send money abroad with OFX, with discounted exchange rates when you sign up through Finder.

  • $0 fee for all transfers with no maximum limit
  • Send to over 75 countries around the world
  • Can use for personal transfers as well as for your business

    Compare international money transfers below

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    SGD 2,000 1 - 2 days SGD 0.00 0.705 USD
    7,048
    Send 35+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it. Go to site Show details
    SGD 250 1 day SGD 0.00 0.705 USD
    7,048
    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
    SGD 2,000 1 day SGD 0.00 0.705 USD
    7,048
    TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
    Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.
    Go to site Show details
    SGD 1 Same day SGD 3.99 0.704 USD
    7,042
    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
    SGD 250 1 day SGD 0.00 0.705 USD
    7,048
    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
    SGD 1 1 - 2 days SGD 45.00 0.708 USD
    7,045
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    SGD 5 1 - 2 days SGD 3.00 0.704 USD
    7,036
    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
    SGD 1 1 day SGD 43.00 0.708 USD
    7,046
    Pay no fees on your first two transfers, up to S$3000.
    SingX offers the real exchange rate every time you make a transfer and is based locally in Singapore.
    Go to site Show details
    GBP 5,000 1 - 2 days SGD 0.00 0.705 USD
    7,048
    Aimed at larger transfers, CurrencyTransfer is an online marketplace that lets you shop around for the best exchange rate. 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 to find the best exchange rate

    Exchange rate information is for the most part readily available online. Banks publish their rates daily, large financial institutions all have online calculators which make it easy to see what they’re offering, and you’ll find it’s less than what you can find from a non-bank international money transfer service. Peer to Peer (P2P) international payments can offer near the market rate; however, you’re still going to pay a margin on the rate plus a commission.

    Best rate guarantees and price promises

    Another provider offering the best rate guarantee is Currencytransfer.com. If you found a cheaper competing service, simply drop them an email for an immediate difference refund.

    Bank and non-bank 1 SGD / USD comparison

    ServiceXE.comTransferwiseDBSCitibank
    Rate0.732810.732820.729820.72337

    *11.20pm 26 Oct 2017

    Tip: Some online calculators quote the interbank rate and give you a sample figure only. The actual rate you get is shown when you’re given a full quote.

    How to find the lowest commission

    There are money transfer companies which won’t charge you a commission but may include a larger margin on the exchange rate. Compare the exchange rate of the following no commission international payment companies.

    No commission

    • Worldfirst (For private clients with minimum $2,000 transfer)
    • Citibank Global Transfers
    • DBS Remit (Only applicable for transfers to Australia, China, Eurozone countries, Hong Kong, India, Indonesia, Malaysia, Philippines, UK and USA.)

    Low transfer fee

    • 1st Contact Forex gives you every 5th transfer for free, the usual fee on a transfer to the UK is just SGD$10.
    • Transferwise also gives a good rate and charge less than SGD$10 for international money transfers, depending on the transfer amount.

    Free global transfers using via Citibank

    Citibank allows you to make free international money transfers to Citibank accounts in about 20 countries, which is easier, faster and more cost-effective than the traditional Telegraphic Transfer (TT). Citibank offers slightly better rates than other financial institutions but still less than non-bank money transfer companies.

    How to find the transfer speed you want

    Many of the money transfer companies we compare can send money overseas at a good rate and price, but the process will take a couple of days.

    There are three companies which can send money overseas to collect in just minutes. If you need to get emergency cash overseas quickly, Worldremit, Western Union and MoneyGram are the companies to compare. They have the highest transfer fees, and you can find a better rate elsewhere; however, the Western Union and MoneyGram have hundreds of thousands of cash collection points across the world.

    How to find the money transfer features you want

    Different companies have different pros and cons. For example, Western Union is good for speed and accessibility, but not so for fees; whereas a company such as TorFX can help with purchasing overseas property and emigrating to another country. From the products we compare:

    If you’re looking for more transfer options like market and limit orders, take a look at these companies.

    • TorFX
    • 1st Contact Forex
    • Moneycorp
    • FC Exchange
    • Currency Solutions
    • Compass Global Markets
    • Worldfirst
    • OFX

    If you’re looking for business international money transfer services, you may consider these companies.

    • 1st Contact Forex
    • TorFX
    • Compass Global Markets
    • Worldfirst
    • OFX
    • Transferwise
    • PayPal

    Compare business international money transfers

    If you want to make regular international money transfers, check out these companies.

    • TorFX
    • OFX
    • Currency Solutions
    • Compass Global Markets

    Where are you sending money to?

    Read specific information to find the best way to send money to different countries on this page. From Afghanistan to Zimbabwe, find out which companies support which currencies, as well as Western Union locations and more.

    How to compare international money transfer companies.

    • Transfer fee. The cost of the international money transfer.
    • The exchange rate. The rate of exchange between Singapore dollars and the foreign currency.
    • Transfer speed. The time it takes for the money to reach the recipient. Transfer time ranges from minutes to half a week.
    • Payment methods. Whether you can pay using your credit card, debit card or other alternative payment modes.
    • Collection options. Whether the money may be collected in cash or deposited into a bank account.
    • Customer service. Whether you contact a customer service representative if you have an enquiry regarding your international money transfer.

    If you have any questions about comparing international money transfer companies, get in touch with us using the form below.

    This article discusses how to get best exchange rates while sending money overseas. The use of the term “Best” does not refer to product ratings and are subject to our disclaimer. Exchange rates mentioned in this article are validated at the time of publishing and may vary with time.

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