Review: Western Union Singapore international money transfers

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Send cash pick-up and bank transfers to 200 countries and territories around the world.

  • Good for sending money to just about everywhere, with options for those without bank accounts.
  • Watch out for fees that can add up and poor exchange rates.

SGD 1

Min. Transfer Amount

SGD 3,000

Max. Transfer Amount

Same day

Transfer Speed

Details

Product NameWestern Union International Money Transfers
Min. Transfer AmountSGD 1
Max. Transfer AmountSGD 3,000
Transfer MethodsOnline, Phone, Agent, Bank Account to Bank Account, Cash Transfer
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
Same day
Customer ServicePhone, Email, Branch
Available CurrenciesAED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IQD, IRR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LTL, LVL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, STD, SVC, SYP, SZL, THB, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW
Online Transfer Fee0.5%

Western Union exchange rates and fees

Western Union’s exchange rates fluctuate frequently in line with the mid-market rate. However, the rate you get for your transaction will include a margin added on by Western Union, so there could be a difference of up to 5% (or even higher in some cases) depending on the currency you send.

Fees also apply to Western Union transfers, but the amount you’ll be charged will vary depending on how much money you send, the country you send it to, how you pay for your transaction and how your beneficiary will receive the money. Western Union offers a “Price Estimator” tool on its mobile app which you can use to check the exchange rate and fee for your specific transaction before you proceed.

Calculate how much sending money overseas would cost with Western Union by using our tool below. You can also check out the real-time exchange rate Western Union offers and if there are any additional fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 1 Same day SGD 5.00 0.692 USD
689
Show details

Compare up to 4 providers

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

Available currencies

Western Union offers transfers to 200 countries and territories around the world, so you can send funds in a wide range of currencies including:

  • CAD Canadian dollar
  • CNY Chinese yuan
  • EUR Euro
  • GBP British pound
  • INR Indian rupee
  • JPY Japanese yen
  • PHP Philippine peso
  • USD US dollar

You can check out the full list of supported currencies above.

What types of transfers can you make with Western Union?

There are two different ways to send a transfer with Western Union in Singapore:

  • Submit your transfer online through the Western Union website or mobile app
  • Submit a transfer in person at your nearest Western Union branch or agent location.

There are also two types of transfers you can send:

  • Cash pick-up transfers. When you send this type of transfer, your recipient can collect the cash you send from one of Western Union’s 550,000 agent locations around the world.
  • Bank account transfers. The second option is to transfer money directly to your recipient’s overseas bank account. However, this service is only available when sending money to select countries.

How long does a transfer with Western Union take?

If you’re sending a cash pick-up transfer, the funds you send will be available for your recipient to collect within minutes.

If you’re transferring money directly to your recipient’s bank account, allow between 1 and 5 business days. The time it takes for the transaction to be completed varies depending on where you’re sending the money. For example, while transfers to the UK typically take 1-2 business days, transfers to China can take 2-5 business days.

Transfers typically arriveClock icon for transfer speed

Same day

What payment methods does Western Union accept?

In Singapore, you can pay for your Western Union transfer using the following methods:

  • Credit card
  • Debit card
  • DBS FAST (Fast and Secure Transfer)
  • Cash (when sending money in person)

Is Western Union safe to use?

  • Regulation: Regulated in Singapore by the Monetary Authority of Singapore (MAS)
  • Established: 1851
  • Number of customers: Moved more than US$300 billion around the world in 2018
  • Reviews: TrustScore of 7.8/10* from 13,800+ reviews on Trustpilot
*According to Western Union and Trustpilot on 29 May 2019.

As a global money transfer company, Western Union must comply with all the relevant laws and regulations in the countries in which it operates. As it’s based in the US, it is primarily regulated by FinCEN, the Financial Crimes Enforcement Network. In Singapore, the company is regulated by the Monetary Authority of Singapore (MAS) and is also listed on MAS’ remittance sector register.

Western Union is a globally recognised name in the remittance business and has been offering money transfer services for more than 145 years. It also claims to use SSL technology and a variety of other techniques to protect customer information.

How does Western Union make money?

Western Union makes money by charging transaction fees and by adding a margin on top of the mid-market exchange rate. The mid-market rate is the “real” exchange rate – use Google to check the current mid-market rate for your chosen currency pair.

How to register for an account

If you want to send an online transfer with Western Union, you’ll need to register for a free online account first. You can do so by completing the following steps.

How do I make an online money transfer with Western Union?

To send a transfer online, complete the following steps:

  1. Log into your Western Union account.
  2. Choose your transfer destination, the amount you want to send and how your beneficiary will receive the cash. If sending to a bank account, you’ll also need to provide your recipient’s bank account details.
  3. Choose your payment method.
  4. Review the total cost of your transaction and submit your transfer.
  5. After paying for your transfer, you’ll be emailed a Money Transfer Control Number (MTCN) which you can use to track the progress of your transaction.

What is Western Union?

Western Union is the world’s largest money transfer service. Founded in the United States in 1851 as a telegraph company, Western Union now has over 550,000 locations in 200 countries and territories around the world. Its headquarters are located in Meridian, Colorado.

In a nutshell

Pros:

  • Huge global network. With 550,000 agent locations in 200 countries and territories, Western Union lets you send money just about anywhere.
  • Transfer options. You can send a cash pick-up transfer or deposit funds in your recipient’s bank account.
  • Payment options. Western Union accepts payment via cash, bank transfer, credit card, debit card or prepaid card.
  • Fast transfers. If you’re sending a cash transfer, in many cases the funds you send will be available for your recipient to collect within minutes.
  • No need for your recipient to have a bank account. The availability of cash pick-up transfers means you can send money to someone who doesn’t have a bank account.

Cons:

  • High fees. Fees vary depending on your transfer amount and destination, but Western Union’s fees are often higher than those of other transfer providers.
  • Disappointing exchange rates. Western Union adds margins approaching 5% on top of the mid-market exchange rate, so you’ll be able to find better rates from other online transfer services.
  • Not suitable for large transfers. The maximum daily online transfer limit is S$5,000, so Western Union isn’t a good choice if you need to send a larger amount.

How does Western Union compare to other providers?

Input your transaction details into the calculator below to compare the exchange rates and fees offered by a range of money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 250 1 day SGD 0.00 0.71 USD
710
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 1 Same day SGD 3.99 0.713 USD
710
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 0.71 USD
710
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 4.50 0.717 USD
714
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
SGD 5 1 - 2 days EUR 3.00 0.713 USD
713
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 7.50 0.717 USD
711
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 5.00 0.714 USD
711
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

Compare up to 4 providers

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

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2 Comments

  1. Default Gravatar
    michael
    October 4, 2019

    what is the daily limit for money transfer from Singapore to the Philippines?

    • Avatarfinder Customer Care
      Zyane
      October 5, 2019

      Hi Michael,

      Thank you for contacting Finder.

      The maximum daily transfer limit for Western Union Singapore is SGD 5,000.

      I hope this helps. Please do not hesitate to reach out again if you have additional questions.

      Cheers,
      Zyane

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