Airwallex alternatives

Compare the best Airwallex alternatives for Singaporeans to send money overseas and collect foreign currency payments.

By   |   Verified by David Boyd   |   Updated 26th September 2022

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Comparing Airwallex alternatives

Wise

Wise

Minimum Transfer Amount

$1.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Access to a multi-currency digital wallet. Hold and transact in 50+ currencies.
  • FX-optimised debit card attached to your Wise Borderless account to withdraw or pay for purchases in foreign currency within or outside Singapore.
  • Loads of options to fund your Wise account, including transfers from debit and credit cards, and bank transfers.

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
Aspire

Aspire

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Ideal if you are running a business and want to have access to borderless payments, corporate cards, expense management, and more.
  • You can integrate your account into the major e-commerce platforms and get revenues in SGD or USD (for PayPal accounts).
  • Sign-up in just 5 minutes and you can get your account number and virtual card.

Pros

  • Offers an integrated financial solution to business owners.
  • No minimum deposit.
  • No monthly fees.
  • Earn rewards.

Cons

  • No cash or cheque deposits.
OFX

OFX

Minimum Transfer Amount

$250.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Supports a wide range of currencies and countries with no maximum transfer amount for most currencies.
  • Additional functionality for businesses makes OFX a good option for online sellers, importers, and companies with overseas employees.
  • Local currency accounts for payment collection in USD, EUR, GBP, AUD, and more with fast delivery.

Pros

  • Easy and quick account opening.
  • Wide range of supported currencies and countries.
  • No fees if transferring more than $10,000.
  • Enjoy additional features for business transfers.

Cons

  • Limited payment options.
  • $15 fee if transferring less than $10,000.