We compared 10 companies sending money from the United States to Singapore. Key Currency is the best and cheapest, while Revolut is the fastest.
Sending $7,000 with Key Currency gets your recipient 8,953.24 SGD at 1.2790 SGD per USD.
| 10 of 10 providers Last updated on 28 October 2026 | |||
| Based on 7,000 USD transfer Best companies for USD/SGD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee $28.51 1 USD = 1.2822 SGD 0.00% vs mid-market | Recipient gets $8,939.19 Within minutes | |
Ways to receive money in Singapore with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $28.511 USD = 1.2822 SGD $8,939.19You pay$7,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 USD = 1.2638 SGD +1.45% vs mid-market | Recipient gets $8,846.60 Minutes - 24 hours | |
Ways to receive money in Singapore with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.2638 SGD $8,846.60You pay$7,000.00 | |||
Run a live search Showing top United States to Singapore deals for 7,000 USD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live USD to SGD rates. | |||
Run a live search These companies offer multi-currency accounts for spending SGD. We suggest doing a live search based on how much USD you're planning to spend in Singapore. | |||
Run a live search These are managed services with real human support for large USD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: Special Rate for 1st Transfer  Key Currency Pay via Bank transfer | Fee $0.00 1 USD = 1.2790 SGD +0.25% vs mid-market | Recipient gets $8,953.24 Minutes - 3 days | |
Ways to receive money in Singapore with Key Currency when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days Free1 USD = 1.2790 SGD $8,953.24You pay$7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 1.2788 SGD +0.27% vs mid-market | Recipient gets $8,951.45 Minutes - 24 hours | |
Ways to receive money in Singapore with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.2788 SGD $8,951.45You pay$7,000.00 | |||
| Wise Pay via Bank transfer | Fee $28.51 1 USD = 1.2822 SGD 0.00% vs mid-market | Recipient gets $8,939.19 Within minutes | |
Ways to receive money in Singapore with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $28.511 USD = 1.2822 SGD $8,939.19You pay$7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee $0.00 1 USD = 1.2759 SGD +0.50% vs mid-market | Recipient gets $8,931.30 Minutes - 24 hours | |
Ways to receive money in Singapore with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.2759 SGD $8,931.30You pay$7,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 USD = 1.2758 SGD +0.50% vs mid-market | Recipient gets $8,930.80 Minutes - 24 hours | |
Ways to receive money in Singapore with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.2758 SGD $8,930.80You pay$7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee $40.50 1 USD = 1.2811 SGD +0.09% vs mid-market | Recipient gets $8,915.50 Within minutes | |
Ways to receive money in Singapore with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $40.501 USD = 1.2811 SGD $8,915.50You pay$7,000.00 | |||
| 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. | |||
 CurrencyFair Pay via Bank transfer | Fee $3.90 1 USD = 1.2737 SGD +0.67% vs mid-market | Recipient gets $8,910.90 Minutes - 24 hours | |
Ways to receive money in Singapore with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $3.901 USD = 1.2737 SGD $8,910.90You pay$7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee $1.99 1 USD = 1.2693 SGD +1.01% vs mid-market | Recipient gets $8,885.10 Minutes - 24 hours | |
Ways to receive money in Singapore with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Card depositMinutes - 24 hoursAvailable via:Bank Debit Card $1.991 USD = 1.2693 SGD $8,885.10You pay$7,001.99 PayNowMinutes - 24 hoursAvailable via:PayNow $1.991 USD = 1.2565 SGD $8,795.50You pay$7,001.99 Bank depositMinutes - 24 hoursAvailable via:All Banks $1.991 USD = 1.2565 SGD $8,795.50You pay$7,001.99 Cash pickupMinutes - 24 hours $75.991 USD = 1.1539 SGD $8,077.30You pay$7,075.99 | |||
 Moneycorp Pay via Bank transfer | Fee $0.00 1 USD = 1.2643 SGD +1.40% vs mid-market | Recipient gets $8,850.02 Minutes - 2 days | |
Ways to receive money in Singapore with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 USD = 1.2643 SGD $8,850.02You pay$7,000.00 | |||
| Xe Pay via Bank transfer | Fee $0.00 1 USD = 1.2638 SGD +1.45% vs mid-market | Recipient gets $8,846.60 Minutes - 24 hours | |
Ways to receive money in Singapore with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.2638 SGD $8,846.60You pay$7,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fee $60.79 1 USD = 1.2575 SGD +1.95% vs mid-market | Recipient gets $8,802.50 Minutes - 24 hours | |
Ways to receive money in Singapore with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $60.791 USD = 1.2575 SGD $8,802.50You pay$7,060.79 | |||
| Xe Pay via Debit card | Fee $35.00 1 USD = 1.2638 SGD +1.45% vs mid-market | Recipient gets $8,802.37 Minutes - 24 hours | |
Ways to receive money in Singapore with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $35.001 USD = 1.2638 SGD $8,802.37You pay$7,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee $1.99 1 USD = 1.2565 SGD +2.03% vs mid-market | Recipient gets $8,795.50 Minutes - 24 hours | |
Ways to receive money in Singapore with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets PayNowMinutes - 24 hoursAvailable via:PayNow $1.991 USD = 1.2565 SGD $8,795.50You pay$7,001.99 Bank depositMinutes - 24 hoursAvailable via:All Banks $1.991 USD = 1.2565 SGD $8,795.50You pay$7,001.99 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card $74.991 USD = 1.2303 SGD $8,612.10You pay$7,074.99 Cash pickupMinutes - 24 hours $5.991 USD = 1.1539 SGD $8,077.30You pay$7,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee $177.99 1 USD = 1.2565 SGD +2.03% vs mid-market | Recipient gets $8,795.50 Minutes - 24 hours | |
Ways to receive money in Singapore with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets PayNowMinutes - 24 hoursAvailable via:PayNow $177.991 USD = 1.2565 SGD $8,795.50You pay$7,177.99 Bank depositMinutes - 24 hoursAvailable via:All Banks $177.991 USD = 1.2565 SGD $8,795.50You pay$7,177.99 Cash pickupMinutes - 24 hours $179.991 USD = 1.1539 SGD $8,077.30You pay$7,179.99 | |||
| Xe Pay via Credit card | Fee $210.00 1 USD = 1.2638 SGD +1.45% vs mid-market | Recipient gets $8,581.20 Minutes - 24 hours | |
Ways to receive money in Singapore with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 1.2638 SGD $8,581.20You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 1.2822 SGD Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then Key Currency is the best option.
Key Currency was the cheapest on 30 of the 30 days it quoted $7,000 transfers to Singapore.
For recurring transfers, I'd suggest using an app or a multi-currency account with Wise.
For large transfers, a broker like Key Currency is the best option.
If your recipient needs cash, MoneyGram is the cheapest.
How much you send will affect the best option for you right now.
You have 4 ways to pay for your transfer to Singapore, including bank transfer, debit card, credit card, and cash deposit.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
How much USD you send to Singapore heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows Key Currency was the cheapest in 90% of the transfers from $5,000 it quoted, and in 90% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $500 | -0.10% | $0.00 | $641.75with debit card to bank deposit | +$15.38 | |
| $800 | -0.10% | $0.00 | $1,026.56with debit card to bank deposit | +$17.31 | |
| $2,000 | -0.02% | $0.00 | $2,565.00with remitly wallet to bank deposit | +$44.64 | |
| $5,000 | 0.07% | $0.00 | $6,406.50with remitly wallet to bank deposit | +$76.44 | |
| $7,000This page | 0.25% | $0.00 | $8,953.24with bank transfer to bank deposit | +$93.83 | |
| $10,000 | 0.25% | $0.00 | $12,785.99with bank transfer to bank deposit | +$130.18 | |
| $50,000 | 0.20% | $0.00 | $63,962.82with bank transfer to bank deposit | +$643.78 | |
| $100,000 | 0.15% | $0.00 | $127,984.24with bank transfer to bank deposit | +$1,244.47 | |
| $250,000 | 0.15% | $0.00 | $320,069.92with bank transfer to bank deposit | +$3,123.76 |
Mid-market rate: 1 USD = 1.2822 SGD
The cheapest way to send USD to SGD can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Key Currency), across 30 days of comparisons for 7,000 USD transfers to Singapore.
Wed, Oct 28, 2026Mid-market rate$8,975.68 Key Currency $8,953.24Key Currency$8,953.24Regency FX$8,951.45Wise$8,939.19
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2786 | – | $8,950.34 | |
| | 1.2754 | $0.00 | $8,927.96 | −$22.38 |
| | 1.2752 | $0.00 | $8,926.17 | −$24.17 |
| | 1.2786 | $28.51 | $8,913.75 | −$36.59 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2770 | – | $8,938.76 | |
| | 1.2738 | $0.00 | $8,916.41 | −$22.34 |
| | 1.2735 | $0.00 | $8,914.62 | −$24.13 |
| | 1.2771 | $28.51 | $8,902.94 | −$35.81 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2794 | – | $8,955.52 | |
| | 1.2762 | $0.00 | $8,933.13 | −$22.39 |
| | 1.2759 | $0.00 | $8,931.34 | −$24.18 |
| | 1.2792 | $28.51 | $8,917.58 | −$37.94 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2795 | – | $8,956.81 | |
| | 1.2763 | $0.00 | $8,934.42 | −$22.39 |
| | 1.2761 | $0.00 | $8,932.63 | −$24.18 |
| | 1.2795 | $28.51 | $8,920.37 | −$36.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2788 | – | $8,951.63 | |
| | 1.2756 | $0.00 | $8,929.25 | −$22.38 |
| | 1.2754 | $0.00 | $8,927.46 | −$24.17 |
| | 1.2793 | $28.51 | $8,918.98 | −$32.65 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2786 | – | $8,950.23 | |
| | 1.2754 | $0.00 | $8,927.85 | −$22.38 |
| | 1.2752 | $0.00 | $8,926.06 | −$24.17 |
| | 1.2793 | $28.51 | $8,918.98 | −$31.25 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2809 | – | $8,966.41 | |
| | 1.2777 | $0.00 | $8,943.99 | −$22.42 |
| | 1.2775 | $0.00 | $8,942.20 | −$24.20 |
| | 1.2811 | $28.51 | $8,930.83 | −$35.58 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2798 | – | $8,958.29 | |
| | 1.2766 | $0.00 | $8,935.89 | −$22.40 |
| | 1.2763 | $0.00 | $8,934.10 | −$24.18 |
| | 1.2796 | $28.51 | $8,921.07 | −$37.22 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2790 | – | $8,953.02 | |
| | 1.2758 | $0.00 | $8,930.64 | −$22.38 |
| | 1.2755 | $0.00 | $8,928.85 | −$24.17 |
| | 1.2792 | $28.51 | $8,917.58 | −$35.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2814 | – | $8,969.56 | |
| | 1.2782 | $0.00 | $8,947.13 | −$22.43 |
| | 1.2779 | $0.00 | $8,945.34 | −$24.22 |
| | 1.2813 | $28.51 | $8,932.92 | −$36.64 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2798 | – | $8,958.88 | |
| | 1.2766 | $0.00 | $8,936.48 | −$22.40 |
| | 1.2764 | $0.00 | $8,934.69 | −$24.19 |
| | 1.2798 | $28.51 | $8,922.46 | −$36.42 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2794 | – | $8,955.83 | |
| | 1.2762 | $0.00 | $8,933.44 | −$22.39 |
| | 1.2759 | $0.00 | $8,931.65 | −$24.18 |
| | 1.2808 | $28.51 | $8,928.74 | −$27.09 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2794 | – | $8,955.83 | |
| | 1.2762 | $0.00 | $8,933.44 | −$22.39 |
| | 1.2759 | $0.00 | $8,931.65 | −$24.18 |
| | 1.2808 | $28.51 | $8,928.74 | −$27.09 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2801 | – | $8,960.46 | |
| | 1.2769 | $0.00 | $8,938.05 | −$22.41 |
| | 1.2766 | $0.00 | $8,936.26 | −$24.19 |
| | 1.2799 | $28.51 | $8,923.16 | −$37.30 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2803 | – | $8,962.35 | |
| | 1.2771 | $0.00 | $8,939.94 | −$22.40 |
| | 1.2769 | $0.00 | $8,938.15 | −$24.19 |
| | 1.2803 | $28.51 | $8,925.25 | −$37.09 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2813 | – | $8,968.96 | |
| | 1.2781 | $0.00 | $8,946.54 | −$22.42 |
| | 1.2778 | $0.00 | $8,944.74 | −$24.22 |
| | 1.2813 | $28.51 | $8,932.22 | −$36.74 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2824 | – | $8,976.45 | |
| | 1.2791 | $0.00 | $8,954.01 | −$22.44 |
| | 1.2789 | $0.00 | $8,952.21 | −$24.24 |
| | 1.2824 | $28.51 | $8,940.24 | −$36.21 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2802 | – | $8,961.65 | |
| | 1.2770 | $0.00 | $8,939.24 | −$22.41 |
| | 1.2768 | $0.00 | $8,937.45 | −$24.19 |
| | 1.2801 | $28.51 | $8,924.55 | −$37.10 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2821 | – | $8,974.73 | |
| | 1.2789 | $0.00 | $8,952.29 | −$22.44 |
| | 1.2786 | $0.00 | $8,950.50 | −$24.23 |
| | 1.2796 | $28.51 | $8,921.07 | −$53.66 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2821 | – | $8,974.73 | |
| | 1.2789 | $0.00 | $8,952.29 | −$22.44 |
| | 1.2786 | $0.00 | $8,950.50 | −$24.23 |
| | 1.2796 | $28.51 | $8,921.07 | −$53.66 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2794 | – | $8,956.08 | |
| | 1.2762 | $0.00 | $8,933.69 | −$22.39 |
| | 1.2760 | $0.00 | $8,931.90 | −$24.18 |
| | 1.2794 | $28.51 | $8,919.32 | −$36.76 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2780 | – | $8,946.07 | |
| | 1.2748 | $0.00 | $8,923.70 | −$22.37 |
| | 1.2746 | $0.00 | $8,921.92 | −$24.15 |
| | 1.2780 | $28.51 | $8,909.91 | −$36.16 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2776 | – | $8,943.45 | |
| | 1.2744 | $0.00 | $8,921.09 | −$22.35 |
| | 1.2742 | $0.00 | $8,919.30 | −$24.15 |
| | 1.2776 | $28.51 | $8,907.12 | −$36.32 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2768 | – | $8,937.81 | |
| | 1.2736 | $0.00 | $8,915.47 | −$22.34 |
| | 1.2734 | $0.00 | $8,913.68 | −$24.13 |
| | 1.2768 | $28.51 | $8,900.85 | −$36.96 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2783 | – | $8,948.31 | |
| | 1.2751 | $0.00 | $8,925.94 | −$22.37 |
| | 1.2749 | $0.00 | $8,924.15 | −$24.16 |
| | 1.2783 | $28.51 | $8,911.31 | −$37.00 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2769 | – | $8,938.33 | |
| | 1.2737 | $0.00 | $8,915.98 | −$22.35 |
| | 1.2735 | $0.00 | $8,914.19 | −$24.14 |
| | 1.2783 | $28.51 | $8,911.66 | −$26.67 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2769 | – | $8,938.33 | |
| | 1.2737 | $0.00 | $8,915.98 | −$22.35 |
| | 1.2735 | $0.00 | $8,914.19 | −$24.14 |
| | 1.2783 | $28.51 | $8,911.66 | −$26.67 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2793 | – | $8,955.38 | |
| | 1.2761 | $0.00 | $8,932.99 | −$22.39 |
| | 1.2759 | $0.00 | $8,931.20 | −$24.18 |
| | 1.2793 | $28.51 | $8,918.98 | −$36.40 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2814 | – | $8,970.15 | |
| | 1.2782 | $0.00 | $8,947.72 | −$22.43 |
| | 1.2780 | $0.00 | $8,945.93 | −$24.22 |
| | 1.2814 | $28.51 | $8,933.62 | −$36.53 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.2822 | – | $8,975.68 | |
| | 1.2790 | $0.00 | $8,953.24 | −$22.44 |
| | 1.2788 | $0.00 | $8,951.45 | −$24.23 |
| | 1.2822 | $28.51 | $8,939.19 | −$36.49 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1.2822 | – | $8,975.68 | |
|---|---|---|---|---|
| | ||||
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Each line shows what the recipient gets when you send $7,000, after fees, as quoted by each company. The mid-market line shows what $7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more SGD per USD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of SGD on every transfer from US.
Right now, Key Currency pays 8,953.24 SGD on 7,000 USD, which is 22.44 SGD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 8,954.01 SGD.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Singapore.
We've tracked 226 comparisons to check how often today's top companies were the cheapest across 9 amounts over the past month.
Cheapest in 83% of them
Never the cheapest
Cheapest in 10% of them
Based on 63 comparisons across 9 amounts over the last 7 days.
Cheapest in 90% of them
Never the cheapest
Cheapest in 10% of them
Based on 226 comparisons across 9 amounts over the last 30 days.
Cheapest in 95% of them
Never the cheapest
Cheapest in 15% of them
Based on 523 comparisons across 9 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Key Currency is the cheapest and gets you the most SGD, and it was also the cheapest in 90% of the 117 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Singapore.
Regency FX (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Singapore.
There are 10 companies available for sending money from the US to Singapore, across broker, online, app, multi-currency account, global account, and in person, and more.
For regular transfers home
If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.
Wise charges $28.51 on a $7,000 transfer with 0% markup, saves your recipient's details for next time, and SGD arrives in same day.
Over the past month, Wise was the cheapest app on 100% of the days it appeared for $7,000 transfers.
Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.
Sending without a US bank account
Paying in cash at an agent can work without a US bank account.
The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.
Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 8,885.1 SGD in minutes - 24 hours.
Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.
However, transfers funded with cash or a money order carry a 1% federal tax since January 1, 2026. To avoid it, fund with a debit card or bank account instead (most agents take both).
For one-off transfers
For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Singapore.
Of all online companies listed here, Wise gets you the most SGD per USD.
On a $7,000 transfer, you will get 8,939.19 SGD after a $28.51 fee and 0% markup.
In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.
But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.
For transfers over $10,000
For large transfers to Singapore (e.g. a property purchase, tuition, or moving to Singapore), a broker like Key Currency charges no fee, gives you a dedicated account manager, and adds 0.25% markup on USD/SGD that gets lower the more you send.
Our analysis shows Key Currency was the cheapest broker in 100% of the transfers from $5,000 it quoted.
It's also good to check Wise since you get a bulk discount on transfers over $25,000.
Business payments from the US
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
Holding & spending currencies
A multi-currency account like Wise is the best for holding and receiving SGD.
This is useful for traveling to Singapore, building up SGD balance, or receiving payments in SGD.
Wise converts $7,000 at 0% markup plus small fee and holds the SGD until you spend it.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 8,953.24 SGD.
Deposit USD by bank transfer, debit card, credit card, and cash deposit.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but it may take some time for it to clear before a money transfer company can send the money to Singapore.
You can deposit cash
You'll need to visit the nearest MoneyGram branch and hand over $7,000.
MoneyGram is the cheapest option and will get you 8,885.1 SGD on a $7,000 transfer after fees.
Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.
Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Singapore.
Your recipient in Singapore can collect SGD through bank deposit, paynow, card deposit, and cash pickup.
They can collect cash in Singapore
Your recipient can collect SGD from a participating MoneyGram location in Singapore.
They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.
You pay $7,000.00
S$8,953
Cheapest
You pay $7,001.99
S$8,885
-S$68
You pay $7,060.79
S$8,803
-S$151
You pay $7,000.00
S$8,802
-S$151
You pay $7,001.99
S$8,796
-S$158
You pay $7,001.99
S$8,796
-S$158
You pay $7,177.99
S$8,796
-S$158
You pay $7,177.99
S$8,796
-S$158
You pay $7,074.99
S$8,612
-S$341
You pay $7,005.99
S$8,077
-S$876
You pay $7,075.99
S$8,077
-S$876
You pay $7,179.99
S$8,077
-S$876
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
Cheapest way to send money to Singapore
The cheapest option is Key Currency, funded by bank transfer with bank deposit for the payout. Your recipient gets 8,953.24 SGD, which is 0.02% more than the next best option.
Fastest way to send money to Singapore
The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 8,915.5 SGD, with the money arriving in within minutes.
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
Contact the company first and keep the receipt.
For transfers over $10,000, Wise is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Singapore.
While Wise may not always be the cheapest or fastest way to send SGD, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Singapore and United States.
We work with leading money transfer companies to provide real time fees and exchange rates. In the past 30 days alone, we analyzed 226 comparisons across 9 amounts.
This page covers the cheapest and fastest options for USD/SGD transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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