Send Money to Singapore
How to Send Money to Singapore
Gather the relevant banking information including the name on the recipient’s bank account, the local account number, the Meps account code, the ACH code, and the bank code.
Create a free online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Choose ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money to Singapore using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
When sending money to Singapore, keep in mind that different tax regulations may apply to sending large sums of money overseas depending on many factors including:
how the money is going to be used
how much you are sending
the source of the funds
if the money has been taxed elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums of money abroad as a gift. See our Guide to Sending Money to Family Abroad for more details.
How to send money to Singapore at a great exchange rate
When looking at exchange rates, it’s important to know that the value of the Singapore dollar (SGD) is managed against the currencies of Singapore’s top competitors and trading partners. Using a managed float system, the exchange rate will move within a policy band, and it can also be influenced by the interest rates of other nations, including the U.S. If you want to read up on the factors that influence the value of the SGD or other currencies, head over to the Exchange Rates section of our site.
Singapore Money Transfers – FAQs
Wondering how to send money to Singapore? We've got the smart, secure way to exchange your U.K. pounds for yen. With offices around the world, we provide 24-hour access to our highly skilled transfer team.
Is there any limit on how much money I can send to Singapore?
No. OFX works well for both businesses and individuals.
Can I send money from a Singapore bank account to the U.K.?
Yes. If you live in Singapore, you can register on our Australian site to send money from Singapore to the U.K. If you live in the U.K., register now to send money to Singapore with your U.K. bank account.
Does OFX transfer money to all Singaporean banks?
OFX can transfer funds to any bank in Singapore, including, but not limited to:
You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.
When you use OFX, you’ll get fast, efficient service, and we’ll keep you informed of where your money is along the way. For all your overseas payments, OFX is simply smarter.
How can OFX help you manage GBP/SGD exchange rate swings?
Check out our risk management strategies and stay in control of your money.