Compare Singapore to Saint Vincent and the Grenadines money transfers

The exchange rate is the price you will pay when buying East Caribbean Dollar in Singapore. A better exchange rate means you send more East Caribbean Dollars to Saint Vincent and the Grenadines.

Currently, the mid-market rate between the Singapore Dollar and East Caribbean Dollar is 2.0285. The company offering the best price on buying East Caribbean Dollar is Revolut.

Exchange rates between SGD-XCD change almost constantly.

Waiting a day or two can help you get more XCD for the same amount of Singapore Dollars, but you may also end up paying more if you do wait.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between Singapore and Saint Vincent and the Grenadines for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a Bank transfer will most often be the way to get the best price when sending money from Singapore to Saint Vincent and the Grenadines.

For a transfer by Bank transfer, Revolut is 0.8% cheaper than the next option.

Saint Vincent and the Grenadines and Singapore have different regulators for financial transactions and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators has regulation details for money transfers between Singapore and Saint Vincent and the Grenadines.

Money transfer companies offering services between Singapore and Saint Vincent and the Grenadines have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Singapore Dollar could change. We always recommend comparing SGD-XCD rates for your specific transfer amount. Then, with transfers to Saint Vincent and the Grenadines, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of SGD to Saint Vincent and the Grenadines, we’d recommend Wise.

There are different options for receiving East Caribbean Dollar in Saint Vincent and the Grenadines. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Singapore to Saint Vincent and the Grenadines will offer every method for incoming East Caribbean Dollar, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Singapore into Saint Vincent and the Grenadines. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Singapore and Saint Vincent and the Grenadines.

And if you need cash right away, check if cash pickup is an option for transfers between Singapore and Saint Vincent and the Grenadines.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Revolut.

You will need to verify your ID at the sign up stage when sending from Singapore to Saint Vincent and the Grenadines through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in Singapore through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Saint Vincent and the Grenadines, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Saint Vincent and the Grenadines, it’s always best to check ahead just in case.

Larger transactions between Singapore and Saint Vincent and the Grenadines are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Saint Vincent and the Grenadines, was their easy sign up process in Singapore.

When sending money between Singapore and Saint Vincent and the Grenadines there will be tax declarations to consider.

Some transfers into East Caribbean Dollar may need to be reported to tax authorities in Saint Vincent and the Grenadines. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Saint Vincent and the Grenadines based on age, income and personal circumstance. When in doubt, please contact a tax professional in Singapore or Saint Vincent and the Grenadines to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.