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Money changers in Woodlands

Find the best deal when you're exchanging foreign currency in Woodlands

Woodlands is a vibrant residential district located in the north region of Singapore, connected to Johor Bahru – Malaysia’s southernmost city. With thousands of people commuting between the two countries through the Johor-Singapore Causeway every day, it’s no surprise that there a wide array of reliable and licensed money changers in this hood.

Find out where you can find the most competitive foreign exchange deals in Woodlands.

Who can change my money in Woodlands?

1. Fong Lai Money Changer

Fong Lai money changer is located near Woodlands Checkpoint, which is a convenient option to exchange SGD to MYR or vice versa. They have a range of other popular currencies available as well. Fong Lai money changer is open 24 hours from Monday to Saturday.

2. Alkaf Foreign Exchange

You can find Alkaf Foreign Exchange at the basement of Causeway Point, which is located next to Woodlands MRT station. Opening hours from 11am to 9pm daily.

3. Sing Exchange Money Changer

Sing Exchange Money Changer is located at Marsiling Mall, which is situated between Marsiling and Woodlands MRT. Opening hours vary on different days of the week.

Tips for getting the best deal when exchanging money

  • Look out for hidden fees. If the service provider says that they don’t charge any fees for the exchange, it generally means that there’s a hidden margin added to the exchange rate. A less competitive exchange rate may cost you more than paying a nominal fee. So make sure to ask for the fees upfront.
  • Shop online for foreign currency. Most money transfer providers embed a calculator on their websites that allows you to check how much foreign currency you can exchange with your currency upfront. By browsing online you can get an idea of the rates available before you head to your nearest money exchange agent.
  • Know the current mid-market rate. Always find out what is the mid-market rate is for the day through a quick search online so that you can spot the companies charging the best (or worst) margin easily.
  • Pay with a bank transfer or cash. Whenever possible, avoid paying for your currency with a debit or credit card. Paying with plastic overseas may be deemed as a cash advance rate and could cost an extra 2-5% in fees.
  • Avoid using ATMs. You typically need to pay a flat fee around S$5 to S$15 every time you make a withdrawal from foreign ATMs. Always try to anticipate how much you need and exchange sufficient currency prior to your trip to avoid high bank fees and unfavourable exchange rates.
  • Pre-buy your currency. If you’re not in a rush, consider pre-buying foreign cash from services like the ones listed above. This way, you can benefit from the added advantage of observing exchange rates and lock in the one you want.
  • Steer clear from currency exchange vendors at the airport. Airport vendors tend to charge high fees and offer less competitive rates. If you need cash before you arrive at the airport, plan ahead by pre-buying currency if possible.
  • Ask for a price match. If you’ve found a more competitive deal from another provider, don’t hesitate to barter politely. There’s no harm in trying and you might even walk away with a better deal.

Our complete guide to buying foreign cash

Compare money transfer services

If you need to send money overseas, take a look at some services that can help you out below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 0 Same day SGD 4.99 0.746 USD
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 250 1 day SGD 0.00 0.751 USD
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
SGD 2,000 1 day SGD 0.00 0.751 USD
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.
Go to site Show details
SGD 1 Same day SGD 3.99 0.751 USD
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.
Go to site Show details
SGD 250 1 day SGD 0.00 0.751 USD
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 1 1 - 2 days SGD 45.00 0.754 USD
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 5 1 - 2 days SGD 3.00 0.75 USD
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 1 1 day SGD 43.00 0.754 USD
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 200 2 days SGD 50.00 0.748 USD
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.
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.

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