The Best International Money Transfer Services in Singapore in 2026

Best services for sending money abroad from Singapore

The best choice depends on how you want to pay and whether your recipient needs a bank account, cash or a named wallet.

9.2

Wise

Fees

0.1% - 2.6%

Exchange Rate Markup

0%

Transfer Speed

Minutes - 24 hours

Visit

"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

8.0

Instarem

Fees

$0 - $2

Exchange Rate Markup

0.3% - 1.9%

Transfer Speed

Minutes - 24 hours

Visit

"Most transfers are instant or same-day. Customers can earn rewards on every transaction."

8.5

OFX

Fees

None

Exchange Rate Markup

0.4% - 1.5%

Transfer Speed

Minutes - 24 hours

Visit

"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."

8.8

Revolut

Fees

0.3% - 1%

Exchange Rate Markup

0.1% - 0.6%

Transfer Speed

Minutes - 5 days

Visit

"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

8.2

Remitly

Fees

None

Exchange Rate Markup

0.1% - 1.3%

Transfer Speed

Minutes - 3 days

Visit

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

8.1

Western Union

Fees

None

Exchange Rate Markup

0.2% - 1.5%

Transfer Speed

1 - 5 days

Visit

Wise

I’d start with Wise for PayNow funding and a clearly separated conversion fee.

Singapore residents can fund in SGD through PayNow, a linked bank account, debit card or Wise balance, but Singapore-issued credit cards cannot fund transfers.

Wise uses the mid-market rate and adds a separate fee, making the exchange cost easier to inspect than a transfer advertised with no fee.

The per-transfer maximum can reach SGD2 million depending on the funding method, while card funding has a much lower SGD16,000 limit.

The SGD100,000 annual cap covers certain balance-funded transfers and card spending, while externally funded bank, debit-card and PayNow transfers are excluded.

FAST funding can reach Wise in about 15 minutes, but that is only the funding stage and the overseas delivery estimate remains destination-specific.

The tables below show Wise quotes for common destinations at SGD1,000 and SGD10,000, with the values updating through scheduled data.

Instarem

Instarem accepts Singapore-issued cards alongside PayNow and bank transfers.

PayNow or bank funding can give a different final cost, so compare the payment methods before choosing the card option.

PayNow funding has an SGD200,000 daily limit, while debit and credit card funding is capped at SGD20,000 through Instarem.

Instarem applies no service sending limit to bank transfers, but destination rules, account checks and your bank limit can still reduce the available amount.

Recipients receive local currency into a supported foreign bank account, which makes this a digital bank-deposit option rather than a cash service.

Check the fee, exchange rate and recipient amount after selecting the payment method, because the cheapest funding option can change between transfers.

DBS Remit

DBS Remit suits DBS or POSB customers sending to its eligible local-currency destinations.

It covers 19 currencies and more than 50 destinations through digibank, with eligible payments sent out the same day when submitted before the cut-off.

The recipient bank may still need processing time, so a same-day departure does not guarantee same-day arrival.

DBS charges no transfer fee on DBS Remit and locks the displayed exchange rate, but the rate still determines how much reaches your recipient.

Preferential exchange rates apply automatically from SGD50,000, excluding Mainland China, which can make a larger DBS quote more useful than its standard rate.

Transfers above SGD200,000 require a branch, while daily overseas limits and beneficiary controls can affect smaller payments inside digibank.

Use the separate outward telegraphic transfer route when DBS Remit does not support the destination, allowing for handling and possible agent-bank deductions.

OFX

I’d consider OFX for larger bank-funded transfers with phone support and no company maximum.

Below SGD10,000, the SGD15 transfer fee adds 1.5% to a SGD1,000 payment before any exchange-rate difference.

OFX removes that transfer fee from SGD10,000 and imposes no maximum, although your bank can still restrict the payment used to fund it.

Funding must come from your bank account, with no cash or card option, and the recipient receives money through a bank account.

Major-currency transfers usually take one to two business days after OFX receives your funds, while less common currencies can take longer.

I would choose OFX when I wanted help arranging a large payment, then judge its exchange rate against Wise or DBS before booking.

Singapore customers can use spot transfers, limit orders and regular transfers, while forward contracts are unavailable through the local OFX service.

At SGD10,000, the exchange rate becomes the main price difference because OFX no longer charges its SGD15 transfer fee.

Revolut

Revolut combines international transfers, travel spending and several currency balances in one account.

Standard customers can exchange SGD5,000 each month before a 1% fair-usage charge applies to the amount above that allowance.

An additional 1% applies outside foreign-exchange market hours, while Revolut's variable rate and any international transfer fee remain separate costs.

For example, exchanging SGD8,000 during market hours with the full allowance available adds SGD30 before any transfer fee or rate difference.

Here's what you can expect to receive from Revolut Standard when sending SGD abroad:

Singapore bank top-ups are free, while some card top-ups cost extra, so check the funding screen before loading money for a transfer.

I would use Revolut when its wider account is already useful, then inspect the recipient amount rather than treating the exchange allowance as a free transfer.

Remitly

Remitly handles cash collection and supported mobile wallets alongside bank deposits.

Singapore customers can pay using an eligible Visa or Mastercard debit or credit card, Apple Pay or Google Pay.

Cash, wallet and bank delivery depend on the destination, so choose the required recipient method before judging the fee or arrival estimate.

You can send up to SGD130,000 per transfer, although your verification level, destination and delivery method can reduce that limit.

For repeat transfers, compare the ongoing rate and fee after any introductory offer ends, since the first-transfer price can make the service look cheaper.

The table covers three common SGD1,000 destinations, while the live transfer flow confirms the available payout and payment choices for each recipient.

SingX

SingX supports high-value transfers funded through PayNow or a bank transfer.

Its personal outbound ceiling is SGD1 million, subject to the destination and customer checks, while the separate stored-wallet cap is only SGD5,000.

That difference makes direct PayNow or bank funding more useful than loading the wallet when your transfer exceeds its stored-value limit.

Include the unique reference when paying by bank transfer, because SingX needs it to match the SGD payment to your instruction.

You cannot cancel a processed payment, so check the beneficiary details before creating and funding the transfer.

The fee varies by sending and receiving country, so compare the displayed fee and exchange rate together before confirming your payment.

Western Union

Western Union lets you pay cash in Singapore or arrange overseas cash collection.

You can send online, in the app, at an agent or by starting online and paying at a Singapore location.

Payment can include cash, card or bank account depending on the channel, with bank, wallet or cash delivery available where the destination supports it.

This is what you will get with Western Union if sending money online, so expect in-person to be a bit more expensive:

That flexibility helps when the recipient lacks a suitable bank account, but agent opening hours and identification can affect collection time.

Keep the MTCN until the recipient collects the money, and never share it with anyone who is not part of the transfer.

Western Union's fee and exchange rate vary with the funding and payout combination, so compare the exact cash route rather than an online bank quote.

OCBC Pay to Wallet

OCBC Pay to Wallet sends directly to eligible Alipay or Weixin Pay recipients in China.

The sender needs an OCBC SGD deposit account and app access, and the minimum China wallet transfer is CNY2,200.

OCBC converts the payment from an SGD current or savings account, while the wallet operator can apply its own beneficiary conditions or charges.

This route avoids asking the recipient for bank details, but it only works when the named wallet accepts that specific beneficiary and payment.

I would use it for a qualifying China wallet recipient, while Wise or DBS is more suitable when the payment must reach a bank account.

Cheapest international money transfer services in Singapore

Wise gives the clearest cost structure through its mid-market rate and separate fee, but another service can deliver more on a particular destination or amount.

Compare the same funding and recipient method in every quote, because card costs or cash delivery can distort an otherwise useful price comparison.

The comparison below covers six destinations at SGD1,000 and SGD10,000, with the lowest-cost available results selected automatically for each transfer.

Amount

AmountSGD 1,000SGD 10,000Custom

Last updated at 26/09/2026

SGD USD

Mid Market Rate $1 = $0.7819$1 = $0.7821

Transfer Amount $1,000$10,000

1

Instarem

2

Revolut

3

Wise

4

Currencies Direct

1

Wise

2

Key Currency

3

Regency FX

4

TorFx

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

$781.90

$0.00

0.7819

0.01%

Minutes - 24 hours

-

Visit

$780.77

$1.50

0.7819

0.01%

Next day

Bank transfer

Visit

$779.01

$3.77

0.7820

-0.01%

Within minutes

Bank transfer

Visit

$777.70

$0.00

0.7777

0.54%

Minutes - 24 hours

Bank transfer

Visit

$7,801.33

$24.43

0.7820

0.01%

Within minutes

Bank transfer

Visit

$7,801.32

$0.00

0.7801

0.25%

Minutes - 3 days

Bank transfer

Visit

$7,799.75

$0.00

0.7800

0.27%

Minutes - 24 hours

Bank transfer

Visit

$7,797.41

$0.00

0.7797

0.30%

Minutes - 24 hours

Bank transfer

Visit

SGD PHP

Mid Market Rate $1 = ₱48.9418$1 = ₱48.9436

Transfer Amount $1,000$10,000

1

Instarem

2

Revolut

3

Wise

4

OFX

1

Regency FX

2

TorFx

3

Wise

4

OFX

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

₱48,901.40

$0.00

48.9014

0.08%

Minutes - 24 hours

-

Visit

₱48,843.49

$1.50

48.9169

0.05%

Within minutes

Bank transfer

Visit

₱48,717.99

$4.63

48.9446

-0.01%

Within minutes

Bank transfer

Visit

₱48,623.71

$0.00

48.6237

0.65%

Minutes - 24 hours

Bank transfer

Visit

₱488,114.29

$0.00

48.8114

0.27%

Minutes - 24 hours

Bank transfer

Visit

₱487,967.46

$0.00

48.7967

0.30%

Minutes - 24 hours

Bank transfer

Visit

₱487,424.40

$40.49

48.9406

0.01%

Next day

Bank transfer

Visit

₱486,988.59

$0.00

48.6989

0.50%

Minutes - 24 hours

Bank transfer

Visit

SGD MYR

Mid Market Rate $1 = RM 3.1885$1 = RM 3.1892

Transfer Amount $1,000$10,000

1

Wise

2

Revolut

3

OFX

4

Remitly

1

Wise

2

Regency FX

3

OFX

4

Revolut

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

RM 3,178.59

$3.08

3.1884

0.00%

Within minutes

Bank transfer

Visit

RM 3,177.33

$1.50

3.1821

0.20%

Within minutes

Bank transfer

Visit

RM 3,167.73

$0.00

3.1677

0.65%

Minutes - 24 hours

Bank transfer

Visit

RM 3,113.40

$30.00

3.1134

2.38%

Minutes - 3 days

Credit card

Visit

RM 31,810.18

$25.53

3.1892

0.00%

Within minutes

Bank transfer

Visit

RM 31,806.03

$0.00

3.1806

0.27%

Minutes - 24 hours

Bank transfer

Visit

RM 31,732.68

$0.00

3.1733

0.50%

Minutes - 24 hours

Bank transfer

Visit

RM 31,643.92

$65.00

3.1851

0.13%

Within minutes

Bank transfer

Visit

SGD INR

Mid Market Rate $1 = ₹75.0007$1 = ₹74.973

Transfer Amount $1,000$10,000

1

Instarem

2

Revolut

3

Wise

4

Currencies Direct

1

Regency FX

2

TorFx

3

Wise

4

OFX

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

₹74,988.00

$0.00

74.9880

0.02%

Minutes - 24 hours

-

Visit

₹74,791.40

$1.50

74.9038

0.13%

Within minutes

Bank transfer

Visit

₹74,697.36

$4.01

74.9981

0.00%

Within minutes

Bank transfer

Visit

₹74,583.10

$0.00

74.5831

0.56%

Minutes - 24 hours

Bank transfer

Visit

₹747,705.37

$0.00

74.7705

0.27%

Minutes - 24 hours

Bank transfer

Visit

₹747,480.45

$0.00

74.7480

0.30%

Minutes - 24 hours

Bank transfer

Visit

₹747,030.76

$33.61

74.9550

0.02%

Within minutes

Bank transfer

Visit

₹745,980.99

$0.00

74.5981

0.50%

Minutes - 24 hours

Bank transfer

Visit

SGD IDR

Mid Market Rate $1 = Rp 14,030.1484$1 = Rp 14,016.0572

Transfer Amount $1,000$10,000

1

Instarem

2

Revolut

3

Wise

4

OFX

1

Wise

2

Regency FX

3

OFX

4

Revolut

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

Rp 14,007,660.00

$0.00

14007.6600

0.16%

Minutes - 24 hours

Bank transfer

Visit

Rp 14,001,206.50

$1.50

14022.2399

0.06%

Within minutes

Bank transfer

Visit

Rp 13,971,200.00

$3.63

14022.1000

0.06%

Within minutes

Bank transfer

Visit

Rp 13,938,952.43

$0.00

13938.9524

0.65%

Minutes - 24 hours

Bank transfer

Visit

Rp 139,835,330.00

$27.86

14022.6000

-0.05%

Within minutes

Bank transfer

Visit

Rp 139,782,138.36

$0.00

13978.2138

0.27%

Minutes - 24 hours

Bank transfer

Visit

Rp 139,459,769.04

$0.00

13945.9769

0.50%

Minutes - 24 hours

Bank transfer

Visit

Rp 139,319,125.54

$65.00

14023.0625

-0.05%

Within minutes

Bank transfer

Visit

SGD GBP

Mid Market Rate $1 = £0.5914$1 = £0.5914

Transfer Amount $1,000$10,000

1

Revolut

2

Wise

3

Currencies Direct

4

OFX

1

Key Currency

2

Wise

3

Regency FX

4

TorFx

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

£590.44

$1.50

0.5913

0.02%

Within minutes

Bank transfer

Visit

£589.54

$3.04

0.5913

0.02%

Within minutes

Bank transfer

Visit

£587.70

$0.00

0.5877

0.63%

Minutes - 24 hours

Bank transfer

Visit

£587.59

$0.00

0.5876

0.65%

Minutes - 24 hours

Bank transfer

Visit

£5,899.57

$0.00

0.5900

0.25%

Minutes - 3 days

Bank transfer

Visit

£5,899.29

$24.59

0.5914

0.01%

Within minutes

Bank transfer

Visit

£5,898.39

$0.00

0.5898

0.27%

Minutes - 24 hours

Bank transfer

Visit

£5,896.62

$0.00

0.5897

0.30%

Minutes - 24 hours

Bank transfer

Visit

SGD CNY

Mid Market Rate $1 = ¥5.2477$1 = ¥5.2483

Transfer Amount $1,000$10,000

1

Instarem

2

OFX

3

Wise

4

Remitly

1

Regency FX

2

TorFx

3

OFX

4

Xe

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

¥5,248.90

$0.00

5.2489

-0.02%

Minutes - 24 hours

-

Visit

¥5,213.62

$0.00

5.2136

0.65%

Minutes - 24 hours

Bank transfer

Visit

¥5,189.90

$11.39

5.2497

-0.04%

Within minutes

Bank transfer

Visit

¥5,116.00

$30.00

5.1160

2.54%

Minutes - 3 days

Credit card

Visit

¥52,340.95

$0.00

5.2341

0.27%

Minutes - 24 hours

Bank transfer

Visit

¥52,325.20

$0.00

5.2325

0.30%

Minutes - 24 hours

Bank transfer

Visit

¥52,220.24

$0.00

5.2220

0.50%

Minutes - 24 hours

Bank transfer

Visit

¥51,837.90

$0.00

5.1838

1.24%

Minutes - 24 hours

Bank transfer

Visit

SGD AUD

Mid Market Rate $1 = $1.1141$1 = $1.1143

Transfer Amount $1,000$10,000

1

Revolut

2

Wise

3

Currencies Direct

4

OFX

1

Wise

2

Key Currency

3

Regency FX

4

TorFx

Receive amount

Transfer fee

FX rate

Markup

Delivery time

Cheapest payment method

$1,112.26

$1.50

1.1139

0.02%

Next day

Bank transfer

Visit

$1,111.11

$2.75

1.1142

-0.01%

Within minutes

Bank transfer

Visit

$1,107.10

$0.00

1.1071

0.63%

Minutes - 24 hours

Bank transfer

Visit

$1,106.84

$0.00

1.1068

0.65%

Minutes - 24 hours

Bank transfer

Visit

$11,118.42

$19.82

1.1140

0.02%

Within minutes

Bank transfer

Visit

$11,114.91

$0.00

1.1115

0.25%

Minutes - 3 days

Bank transfer

Visit

$11,112.68

$0.00

1.1113

0.27%

Minutes - 24 hours

Bank transfer

Visit

$11,109.34

$0.00

1.1109

0.30%

Minutes - 24 hours

Bank transfer

Visit

Show moreShow less

DBS Remit's zero transfer fee can still lose value through its exchange rate, while OFX's SGD15 fee below SGD10,000 changes the small-transfer calculation.

Our guide to the cheapest ways to send money abroad from Singapore explains how to compare the fee and exchange rate together.

Fastest international money transfer services in Singapore

DBS Remit is useful when you can meet its same-day sending cut-off, although the recipient bank may need additional processing time.

PayNow can fund Wise, Instarem or SingX quickly, but fast domestic funding does not establish the overseas arrival time.

Our guide to the fastest ways to send money abroad from Singapore covers timing choices in more detail.

Easiest services for sending money abroad from Singapore

The easiest route usually starts with an account you already use and ends with the recipient method you already confirmed.

Best services for large transfers from Singapore

OFX is my pick for a large bank-funded payment when phone help is useful, while Wise and SingX support much higher amounts than their card or wallet limits.

Use the SGD10,000 tab in the cost comparison above for the same six destinations rather than assuming a specialist always beats a bank.

Complete source-of-funds checks early, since a high product ceiling does not guarantee that your full transfer amount will be approved automatically.

Practical checks before sending

Confirm the recipient's legal name, destination account or wallet details and required payout method before comparing the final quotes.

Payment institutions safeguard eligible customer money under Singapore rules, but their balances are not the same as SDIC-insured deposits held with a bank.

Use the official app or website, keep the receipt and contact the service quickly if the beneficiary or transfer status looks wrong.

How to send money abroad from Singapore

Choose the service that fits the recipient method, then use a current quote to check the full SGD cost before paying.