Repatriation of Funds | Definition, How to Find the Best Exchange Rate and FAQs

Moving funds back to Singapore from overseas does not have to be time-consuming and costly. Learn how you can find cost-effective and fast ways to repatriate funds.

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If you make regular overseas payments, it helps to have a service provider with money transfer services that are cost-effective and reliable. Transferring your pension, wages, tuition fees or even loan payments to another country can be a daunting and time-consuming process, especially if you make these payments on a regular basis. However, using a service provider who can offer you great customer service, competitive rates and low transfer fees can be very beneficial while making regular international money transfers.

Send money back home using a money transfer service

Rates last updated January 17th, 2020
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
WorldFirst International Money Transfers
SGD 2,000
1 - 2 days
Online, Phone
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Exclusive: OFX (Ozforex) International Money Transfers
SGD 250
1 day
Online, Bank Account to Bank Account
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.
WorldRemit International Money Transfers
Same day
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
SendFX International Money Transfers
SGD 250
1 day
Online, Bank Account to Bank Account
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
TransferWise International Money Transfers
1 - 2 days
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
CurrencyFair International Money Transfers
1 - 2 days
Special offer: Zero fees on your first 10 transfers.

Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
SingX International Money Transfers
1 day
Online, Bank Account to Bank Account, Cash Transfer
SingX offers the real exchange rate every time you make a transfer and is based locally in Singapore.
InstaReM International Money Transfers
SGD 200
2 days
Online, Phone
InstaReM is a simple, quick and cost-effective way to send money abroad with zero transaction fees
CurrencyTransfer International Money Transfers
GBP 5,000
1 - 2 days
Online, Phone, Bank Account to Bank Account, International Money Order
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.

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Repatriation of funds

If you regularly pay bills, send school fees or make mortgage payments from overseas, it’s important to have a simple and cost-effective way to do so to ensure the money gets to the required account in time and that you don’t end up paying outrageous amounts each month on transfer fees and commissions. Since banks charge up to $50 per transfer, you can look for smart ways to beat the bank transfer fees and hidden charges by using an international money transfer service provider.

How does repatriation of funds work?

Repatriation of funds basically gives you the ability to have money without borders, allowing you to transfer funds back to Singapore from overseas. There are many Singaporeans living and working overseas who retain close investment, family and business connections in their home country, thus needing the capability to move money back home regularly. However, it is not always easy to move your investment funds or other funds from one country to another as there may be restrictions as to how much you can move and requirements for you to prove that your money originate from a legitimate source. A repatriation service provider can help you get your money to Singapore fast and ensure that you make a substantial profit by offering you a competitive exchange rate and low transfer fees.

Examples of repatriation of funds

  • Investment. Purchasing property overseas is a significant investment. Although property may be cheaper abroad than in Singapore, you will still need to move a huge sum of money and will therefore need a currency provider who offers you a competitive foreign exchange rate.
  • Foreign pensions. If you hold your pension in an overseas account and are planning to retire back home, you will need to move your pension fund to Singapore with the help of a currency provider who can save you money on fees, give you a good exchange rate and help you come up with a retirement plan.
  • Wealth management. Converting assets held overseas into foreign currency can be a complicated process, especially due to the many laws regulating international transfers of investment funds and occasional currency exchange fluctuations. Wealth management and conversion of assets is part of the repatriation services offered by banks and other currency providers.

How do I compare international money transfer services?

  • Fees. A currency provider that charges you competitive fees for international money transfers can help you save a huge sum of money. While banks may end up charging up to 1% of the transfer amount in fees, you can save by using a currency provider who has little or no transfer and commission fees.
  • Accessibility. If you regularly transfer money internationally, you need a service provider with wide coverage in many countries. Most main international money transfer banks and companies have a global presence, with multiple branches, agents and offices in Singapore and abroad, making it easy to send and access funds from almost anywhere.
  • Exchange rates. Transferring funds from one country to another at the right time can make you a substantial amount of profits. Since foreign exchange rates are always fluctuating, you need a currency provider who can advise you on the right time to convert and your funds overseas, and provide a competitive exchange rate.
  • Reputation. With so many currency providers in the market today, you need to protect your investments overseas by only trusting a well-known provider or bank to handle your international money transfers.

What are the pros and cons to repatriating funds?


  • Easy and fast overseas payments. Whether you are making a one-off overseas payment or are regularly transferring money back to Singapore for family, investment or business needs, you can now do so easily through international money transfer services offered by banks and other service providers.
  • Easier emigration. Moving to another country can pose many challenges, the biggest of which may be converting all your assets to foreign currency for use in your new country. With repatriation of funds, you can easily convert all your offshore assets to cash and move it from an overseas country back to Singapore in an easy and convenient process.
  • Competitive international transfers. There are many new currency providers moving away from the conventional methods of international fund transfers, and they can save you a whole lot by waiving all fees and commissions on transfers when repatriating funds.


  • Laws and regulations. Repatriating funds can be complex due to the many laws governing the process. You may face restrictions in some markets on the amount you can send or on the method of sending funds back to Singapore.

Frequently asked questions

Is it possible to fix your exchange rate in advance?

Yes. If you are planning to repatriate funds in the future, you can talk to your currency provider about the right time to do this. If exchange rates are extremely volatile at the moment, you have the option of fixing your exchange rate up to one year in advance.

How can I make profits when repatriating funds?

Moving money when foreign exchange rates are high is a sure way to make substantial profits on international money transfers. A foreign exchange broker can offer you advice on the right time to convert your foreign funds.

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