BigPay alternatives

Compare the best BigPay alternatives for Singaporeans.

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

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Comparing BigPay 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.
  • Use a debit card linked to your Wise Borderless account to withdraw or pay for purchases in foreign currency in Singapore or abroad.
  • Flexible funding methods, including transfers from debit cards, 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.
Revolut

On Revolut's website

Revolut

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • Spend like a local when overseas with a physical and virtual debit card linked to your Revolut account.
  • Buy crypto and invest in stocks in the Revolut app.
  • Track and analyse how you spend money with live reports.

Pros

  • The standard account has no monthly fees.
  • Top-up and hold account balances in various currencies.
  • Lots of different additional features are available, such as crypto trading and disposable virtual cards.
  • Has a well-designed mobile app.

Cons

  • Monthly fees apply to certain types of accounts.
  • You may experience delays when sending money internationally.
YouTrip

YouTrip

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Send 150+ currencies using competitive rates and no hidden charges.
  • Has a user-friendly interface which makes it simple and convenient to use.
  • Spend like a local with the YouTrip debit card when you are overseas.

Pros

  • Free and quick account sign-up.
  • Easy and convenient to use.
  • You can get a YouTrip card to make withdrawals overseas.

Cons

  • No option for bank transfer.
  • There is a $5 overseas ATM withdrawal fee.
Airwallex

On Airwallex's website

Airwallex

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Charges a low margin on the interbank rate with no hidden fees.
  • Create SGD or foreign currency accounts. Send and receive foreign currency.
  • Licensed and regulated by the Monetary Authority of Singapore (MAS)

Pros

  • Create an account in just a few minutes.
  • No international transfer transaction fee.
  • Favorable currency exchange rates.
  • Quick transfers.

Cons

  • Limited transfer methods.
  • Fewer transfer currencies are available than some competing services.
Aspire

Aspire

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Ideal if you are running a business and need to send and receive payments, issue cards to your team, manage expenses, and more.
  • You can integrate your account into the major e-commerce platforms and collect payments in SGD or USD.
  • Get your own 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.
Instarem

Instarem

Minimum Transfer Amount

$1.00

Transfer Speed

Same day

Transfer Fee

$0.00

Highlights

  • Transfer funds from Singapore to 55+ countries with competitive and transparent fees.
  • Money transfers are typically completed instantly or same day.
  • Earn InstaPoints when you transfer money with Instarem.

Pros

  • Transfer fees are between 0.25% to 1%.
  • Earn loyalty points.
  • Dedicated customer support.

Cons

  • Does not accept credit cards.
Remitly

On Remitly's website

Remitly

Minimum Transfer Amount

$10.00

Transfer Speed

Within an hour

Transfer Fee

$4.00

Highlights

  • Most recipients receive funds within minutes of them being sent from Singapore.
  • Choice of delivery options, including cash delivery to the recipient's address and cash pickup.
  • Competitive exchange rates and fees.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
OFX

OFX

Minimum Transfer Amount

$250.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Easy-to-understand fee structure based on a flat fee for transfers under $10,000. Transfers over $10,000 are fee-free.
  • 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.

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.
WorldRemit

WorldRemit

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • Low transfer fees, mainly in the range of $1 to $4 per transaction.
  • Plenty of payment options, including bank transfer, debit card, credit card, prepaid card, Apple Pay, and Google Pay.
  • Choose from its wide range of delivery options, including cash pickups, bank transfers, and Airtime mobile phone top-up.

Pros

  • Low transfer fees.
  • No minimum transfer amount is required.
  • Multiple payment options.
  • Cash pick-up, cash delivery, and Airtime mobile phone top-up are available.

Cons

  • Transaction limit of $5,000 for some payment methods.
  • Fees depend on the method and currency you choose.
Xe Money Transfer

On Xe's website

Xe Money Transfer

Minimum Transfer Amount

$0.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Send 130+ currencies to 220+ countries and territories.
  • Works well for large amounts of bank-to-bank transfers as well as personal and business transactions.
  • Deposit funds to your Xe account with a bank transfer, credit card, or debit card.

Pros

  • No transfer fee.
  • No minimum transfer amount is required.
  • No transfer limit.
  • Good customer support.

Cons

  • Limited currencies.
  • Bank transfers only.