SingX alternatives
Compare the best SingX alternatives for Singaporeans to send money overseas.
Written by
Bill Ryan Natividad
|
Verified by
David Boyd
Updated 13 Mar 2023
|
Rates updated regularly
Comparing of 9 SingX alternatives
Wise Money Transfer
Minimum Transfer Amount
S$1.00
Transfer Speed
1 - 2 days
Transfer Fee
S$0.00
Highlights
- Access to a multi-currency digital wallet. Hold and transact in 50+ currencies.
- Link a physical and virtual debit card with your Wise Borderless account to withdraw cash or spend like a local, whether in Singapore or overseas.
- Transfers can be funded with debit cards, credit cards, and bank transfers.
Pros
Cons
On website
Remitly
Minimum Transfer Amount
S$10.00
Transfer Speed
Within an hour
Transfer Fee
S$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
Cons
On website
Revolut Money Transfer
Minimum Transfer Amount
S$1.00
Transfer Speed
Within an hour
Transfer Fee
S$0.00
Highlights
- No fees when transferring money to a Revolut friend.
- Top-up and hold account balances in various currencies. Send money overseas with a competitive exchange rate.
- Receive payments from overseas into a foreign currency account. Buy and send crypto too.
Pros
Cons
On website
Airwallex Money Transfer
Minimum Transfer Amount
S$1.00
Transfer Speed
1 day
Transfer Fee
S$0.00
Highlights
- Charges a low margin on the interbank rate with no hidden fees.
- International transfers are only one of the many features offered for business customers.
- Licensed and regulated by the Monetary Authority of Singapore (MAS).
Pros
Cons
WorldRemit
Minimum Transfer Amount
S$1.00
Transfer Speed
Within an hour
Transfer Fee
S$0.00
Highlights
- Low transfer fees, typically in the range of $1 to $4 per transaction.
- Flexible funding options, including bank transfer, debit card, credit card, prepaid card, Apple Pay, and Google Pay.
- Funds can be collected by the recipient at a local agent, deposited in their bank account, or sent to their mobile phone.
Pros
Cons
On website
OFX Money Transfer
Minimum Transfer Amount
S$250.00
Transfer Speed
1 - 2 days
Transfer Fee
S$0.00
Highlights
- Supports a wide range of currencies and countries with no maximum transfer amount for most currencies.
- Use forward contracts to secure an exchange rate.
- A good option for online sellers, importers, and businesses with overseas employees.
Pros
Cons
YouTrip
Minimum Transfer Amount
S$1.00
Transfer Speed
1 day
Transfer Fee
S$0.00
Highlights
- Send 150+ currencies with competitive rates and no hidden charges.
- Considerately designed, making it simple and convenient to use.
- Get a YouTrip card and spend like a local while travelling overseas.
Pros
Cons
Aspire
Minimum Transfer Amount
S$1.00
Transfer Speed
1 day
Transfer Fee
S$0.00
Highlights
- Borderless accounts and payments designed for freelancers and businesses.
- Offers corporate cards, expense management, integrations with accounting software, and more.
- Integrates with major online marketplaces. Collect payments from overseas in SGD or USD.
Pros
Cons
On website
Xe Money Transfer
Minimum Transfer Amount
S$0.00
Transfer Speed
1 day
Transfer Fee
S$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.
