UOB Overseas Funds Transfer Review

Enjoy a plethora of financial services and transfer funds internationally with UOB overseas funds transfer

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Founded in 1935, UOB (United Overseas Bank Limited) is a multinational banking organisation based in Singapore, with branches in most Southeast Asian countries. UOB provides a myriad of services ranging from personal financial, private and corporate banking, asset management and more. With an extensive global network spanning 19 countries, UOB is a leading bank and is also one of the most trusted in Asia. If you need to transfer money overseas, UOB can facilitate the transfer conveniently and securely.

Initiate a money transfer with UOB using an account below

UOB overseas money transfer provides a secure and convenient way to send money to any bank account within Singapore or overseas through Internet banking services. With UOB personal or business Internet banking, you can conveniently remit from the comfort of your home or at any local UOB branch. Also, you can access all major currencies and save money on international remittance with UOB competitive transfer rates.

UOB’s SWIFT code is ‎ UOVBSGSG.

SendFX International Money Transfers

SendFX International Money Transfers

Use Send to make fast, fee-free payments to bank accounts around the world. You can create an account for free and get personalised help with a dedicated account manager.

  • Price-match guarantee
  • No transfer fees
  • Multi-currency wallet available

    Compare UOB to other money transfer providers

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    SGD 2,000 1 - 2 days SGD 0.00 0.713 USD
    7,126
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    SGD 250 1 day SGD 0.00 0.713 USD
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    A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
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    SGD 1 Same day SGD 3.99 0.712 USD
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    An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
    SGD 250 1 day SGD 0.00 0.713 USD
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    SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
    Fee-free transfers in 30+ currencies to over 200 countries.
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    SGD 1 1 - 2 days SGD 45.00 0.715 USD
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    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 0.712 USD
    7,114
    Special offer: Zero fees on your first 10 transfers.
    Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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    SGD 1 1 day SGD 75.00 0.715 USD
    7,101
    SingX offers the real exchange rate every time you make a transfer and is based locally in Singapore. Go to site Show details
    SGD 200 2 days SGD 50.00 0.71 USD
    7,062
    Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
    GBP 5,000 1 - 2 days SGD 0.00 0.713 USD
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    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 much does it cost to transfer money with UOB outward remittance?

    UOB money transfers enable you to send payments to any part of the world in over 100 currencies conveniently via Internet banking or at any of its branches. Transferring via personal Internet banking will cost you 1/16% (minimum S$10 to a maximum of S$100), along with cable charges and agent charges, if any. For transfers via branches or call centre, it’ll cost you 1/8% (minimum S$10 to a maximum of S$100), along with cable charges and agent charges, if any.

    Compared to other banks such as DBS and OCBC, and specialised money transfer providers, making an overseas transfer via UOB may be a pricier option. If you’re unsure about which transfer option to use, check out our guide to finding the best international money transfer services.

    Registration and transfer process

    Access to UOB international money transfer services requires that you register for a personal Internet banking account. You’ll also obtain a SecurePlus token from either a UOB branch or by mail if you registered online. Here are the steps you need to follow to facilitate an overseas bank transfer:

    1. Log into your UOB personal Internet banking account.
    2. Select “Pay and Transfer – Overseas Transfer”.
    3. Either select an existing beneficiary or add a new beneficiary.
    4. Enter remittance amount.

    There is also an interactive demo for UOB personal Internet banking which will provide some visual guidance. Check it out here.

    You will need your recipient’s name, address, bank details (SWIFT/BSB/sort/IFSC code if any) and account number/IBAN. Other payment details such as a valid transfer reason and registered phone number may be necessary for transfers in some currencies.

      Why choose UOB overseas funds transfer?

      • High security. UOB views security as its top priority, ensuring that your details and funds are safe while making online transfers. Once you register for a personal Internet banking account, you’ll obtain a SecurePlus token which provides an added layer of security for all your transactions. UOB also offers you the best and up-to-date encryption available to ensure that your personal details are safe.
      • Extensive global network. UOB offers you a convenient way to access and transfer your funds worldwide in over 100 currencies.
      • Convenience. Enjoy the convenience of remitting from the comfort of your home or from any UOB Group branch in Singapore.


      What are the pros and cons of using UOB?

      Pros

      • Existing bank. There’s no need to register for a new account with another international money transfer service. Simply log into your UOB personal Internet banking account, make a call to the call centre, or visit a branch to make a transfer.
      • Global currency account. If you are in constant need of different foreign currencies, you can benefit from the UOB global currency account that allows you to hold 10 major foreign currencies and Singapore dollar in one account.

      Cons

      • Fees. There is no fee waiver for overseas fund transfer at UOB. With all modes of transfer, regardless of whether it is via Internet banking, call centre or branch, you will have to pay a percentage of your transfer amount for handling commission (minimum S$10 to a maximum of S$100), along with cable charges and agent charges, if any.
      • Minimum transaction amount (applicable to Indian Rupees and Philippine Peso only). All outgoing TT transactions in INR and PHP are subjected to a minimum amount of S$200 or equivalent.

      Frequently asked questions

      Cancellation and transfer amendments are provided on a best effort basis and will incur an S$10 fee along with cable charges and correspondent banks’ charges, if any.

      This code is required for any incoming fund transfers to your Singapore UOB account from international bank accounts.

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