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Send money to Cyprus

Here's how to send a quick, affordable and secure money transfer to Cyprus.

The Mediterranean island of Cyprus is famous for its spectacular beaches and the rugged beauty of its interior along with its natural scenery, relaxed lifestyle and thousands of years of fascinating history.

If you ever have a reason to send money to Cyprus from Singapore, there are plenty of transfer options to choose from in the modern digital age. You just need to compare those options to see which one offers the most affordable deal for you.

Compare Money Transfer Services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day SGD 50.00 0.636 EUR
3,150
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
SGD 5 1 - 2 days EUR 3.00 0.635 EUR
3,175
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
SGD 0 Same day SGD 4.99 0.632 EUR
3,156
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
SGD 2,000 1 day SGD 0.00 0.632 EUR
3,162
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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SGD 1 1 day SGD 20.00 0.639 EUR
3,181
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 can help you send money across the world.
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SGD 1 Same day SGD 3.99 0.635 EUR
3,175
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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SGD 1 1 - 2 days SGD 25.00 0.639 EUR
3,178
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 250 1 day SGD 0.00 0.632 EUR
3,162
Send guarantees to match any competitor's exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
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SGD 200 2 days SGD 25.00 0.637 EUR
3,167
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Banks versus money transfer companies

Did you know that banks offer their customers a raw deal on international money transfers? If you didn’t, you’re not the only one. Most people are oblivious to the fact that banks offer poor exchange rates and charge substantially high fees on international transfers, and they simply send the funds via their bank without shopping around for a better deal.

But in recent years, the transfer industry has seen the emergence of a number of specialist transfer providers. These companies, such as OFX and Wise, usually provide exchange rates that are much better than those from the banks. They also have lower transfer fees to make the transaction more affordable, so you can end up saving a whole lot of money if you take the time to research the choices available.

Nick Sends Money to Cyprus

Nick is on holiday in Singapore for six weeks when he gets a call from his sister in Cyprus. Her car has broken down and she needs urgent money to pay for repairs, so she asks Nick to send her $1,000 as soon as possible. Nick compares the cost and features between his bank and a specialist transfer service.

As you can see, using a transfer service lets the recipient receive €7.54 more.

BankMoney transfer company
Exchange rate1 SGD = 0.6092 EUR1 SGD = 0.61674 EUR
Transfer fee$25$5.98
Transfer methodOnline, phone or bankOnline transfer
Processing time1-3 working days1-3 working days
Amount received (in EUR)€609.20€616.74
Difference€7.54

How do I compare transfer companies when transferring and receiving money via Cyprus?

  • Exchange rates. How do the exchange rates offered by the company compare to the rates you can get elsewhere? Do they come with substantial fees attached?
  • Transfer fees. How much will you need to pay per transaction to get your funds where they need to go? Can you avoid paying fees by sending a larger amount of funds?
  • Transfer methods. Can you place transfers online or over the phone? Does the provider have branches you can visit or an easy-to-use transfer app?
  • Flexible options. Some companies offer flexible options like forward contracts or limit orders to help you lock in a better exchange rate, while the convenience of scheduling payments in advance is often also available.
  • Turnaround time. Transfer processing times can vary from a few minutes to multiple business days.
  • Transfer limits. If a company imposes minimum and maximum limits on each transfer, check to see whether these limits will affect your regular transfer needs.
  • Pickup options. Will the funds be sent straight into your recipient’s bank account or will they be able to collect cash from a transfer branch?
  • Customer service. Check to see whether the company offers customer support and through which mediums, for example, phone, email and live chat. During which hours can you access customer support?

How do I send money to Cyprus from Singapore?

  • Specialist transfer companies. Companies such as WorldFirst and OFX offer secure and affordable transfers to Cyprus.
  • Cash pickup transfer providers. MoneyGram and Western Union both offer this convenient service.
  • Bank transfers. Check out the exchange rates and fees your bank offers to see whether they provide an affordable deal.
  • International guaranteed cheques. This old-school transfer method is safe but can also be slow and incurs unnecessarily costly.

How do I receive money from Cyprus in Singapore?

  • Specialist transfer companies. Do your research to find out which companies will let you send money to Singapore from Cyprus.
  • Cash pickup transfer providers. Do an online search to find your nearest transfer company branch.
  • Bank transfers. The next option is to receive a transfer into your Singapore bank account directly from a Cypriot bank account.
  • International guaranteed cheques. Check with your bank to find out how much it costs to cash an international cheque.

Emergency cash transfers in Cyprus

There are plenty of situations where you may find that you need to send an urgent transfer – for example, to help out a holidaying relative who has had their wallet stolen – and there are plenty of providers that can help you do so. Before you send an emergency transfer, however, make sure you’re aware that rapid transfers cost more thanks to high exchange rates and low fees. It’s therefore essential to review all the details of a transaction before you agree to go through with it.

Cash pickup locations in Cyprus / Western Union / MoneyGram branches in Cyprus

If you want to send a fast cash transfer from Singapore to Cyprus, Western Union and MoneyGram are two companies that can handle the transaction for you. Both offer the use of extensive worldwide transfer networks and transaction processing times of as little as a few minutes. The details of some popular Western Union and MoneyGram locations in Cyprus are listed below, but make sure you’ve got photo ID and the transaction details handy if you’re going to pick up cash.

Western Union

Nicosia

  • Hyperounta Co-op
    Spilia Nicosia, +357-22-710400
    Open 8am to 5:30pm Monday to Friday, 8am to 1pm Saturday
  • SPE Periferiakis Mahaira
    Sia Nicosia, +357-22-710400
    Open 8am to 5pm Monday and Friday, 8am to 12:45pm Tuesday to Thursday, 8am to 12pm Saturday

Limassol

  • Agiosathanasios Co Op
    13 Anikodomiseos
    Agios Athanasios Limassol, +357-22-710400
    Open 8am to 1pm Monday to Friday
  • Alpha Bank
    J. Kennedy And G. Xenopoulou Limassol, 3106 +357-2-710400
    Open 8:30am to 12:30pm Monday to Friday

MoneyGram

Nicosia

  • Filoxenia Travel
    13 Grigori Afxentiou
    Malounta, 2612
    22873882
    Open 9am to 7pm Monday to Friday
  • Cyprus Post
    59 Grigori Afxentiou
    Kokkinotrimithia, 2660
    22832667
    Open 7:30am to 2pm Monday, Tuesday, Thursday and Friday; open 7:30am to 5:30pm Wednesday

Limassol

  • Cyprus Post
    137 Agias Fylaxeos
    Lemesos, 3083
    35725305649
    Open 7:30am to 1:30pm
  • Cyprus Post
    41 Agios Sylas
    Lemesos, 4183
    25391240
    Open 7:30am to 3pm Monday to Friday

Tips for picking up cash in Cyprus

Whether you’re picking up cash in Cyprus or anywhere else in the world, it’s important to be vigilant and take some basic steps to improve your safety. Picking up cash with a friend in tow is much better than going alone, while you should also make sure to avoid any high-crime areas of cities or any particular areas where you do not feel safe. Instead of carrying cash around with you for an extended period of time, deposit it in your bank account as soon as you can.

What are the steps to send money to Cyprus?

  1. Sign up for an account. This can usually be done online and is free in most cases. You will need to supply your full name, your contact details and a valid form of photo ID.
  2. Enter your transaction information. You’ll need to provide your recipient’s contact details as well as how much money you’re sending and in what currency.
  3. Review your quote and submit. You will then be given a money transfer quote that details the exchange rate and fees that apply to your transaction. If you’re happy with the cost, pay for your transfer. You can often track the progress of your funds online through the provider’s website.

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