Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From sgSG you can also send money to
Transfer money

Sending money from SINGAPORE to MALAYSIA

Data collected on: Feb 17, 2025 - Feb 28, 2025
SGD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (SGD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.95
Exchange rate margin(%)
0.09
Percentage difference between market reference rate 3.31 and exchange rate charged 3.31
Total cost (%)
0.84
Total cost (SGD)sort descending
2.18
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.67
Exchange rate margin(%)
0.24
Percentage difference between market reference rate 3.32 and exchange rate charged 3.31
Total cost (%)
0.88
Total cost (SGD)sort descending
2.29
Firm
DBS Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.97
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
0.97
Total cost (SGD)sort descending
2.52
Firm
DBS Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
0.98
Total cost (SGD)sort descending
2.55
Firm
DBS Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
0.98
Total cost (SGD)sort descending
2.55
Firm
BigPay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.00
Exchange rate margin(%)
0.79
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
1.17
Total cost (SGD)sort descending
3.04
Firm
BigPay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.00
Exchange rate margin(%)
0.79
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
1.17
Total cost (SGD)sort descending
3.04
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
3.00
Exchange rate margin(%)
0.63
Percentage difference between market reference rate 3.31 and exchange rate charged 3.29
Total cost (%)
1.78
Total cost (SGD)sort descending
4.63
Firm
Pay2Home Remittance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
4.00
Exchange rate margin(%)
0.43
Percentage difference between market reference rate 3.31 and exchange rate charged 3.30
Total cost (%)
1.97
Total cost (SGD)sort descending
5.12
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
3.00
Exchange rate margin(%)
0.84
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
1.99
Total cost (SGD)sort descending
5.17
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
2.33
Percentage difference between market reference rate 3.31 and exchange rate charged 3.23
Total cost (%)
2.33
Total cost (SGD)sort descending
6.06
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.99
Exchange rate margin(%)
2.10
Percentage difference between market reference rate 3.31 and exchange rate charged 3.24
Total cost (%)
2.87
Total cost (SGD)sort descending
7.46
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.99
Exchange rate margin(%)
2.10
Percentage difference between market reference rate 3.31 and exchange rate charged 3.24
Total cost (%)
2.87
Total cost (SGD)sort descending
7.46
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
6.00
Exchange rate margin(%)
0.76
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
3.07
Total cost (SGD)sort descending
7.98
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
6.00
Exchange rate margin(%)
0.76
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
3.07
Total cost (SGD)sort descending
7.98
Firm
BKK Forex
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
1.44
Percentage difference between market reference rate 3.31 and exchange rate charged 3.26
Total cost (%)
3.36
Total cost (SGD)sort descending
8.74
Firm
Brunphil Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
7.00
Exchange rate margin(%)
0.95
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
3.64
Total cost (SGD)sort descending
9.46
Firm
Haratan Servicing
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
8.00
Exchange rate margin(%)
0.79
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
3.87
Total cost (SGD)sort descending
10.06
Firm
Raffles Money Change
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.35
Percentage difference between market reference rate 3.31 and exchange rate charged 3.30
Total cost (%)
4.20
Total cost (SGD)sort descending
10.92
Firm
JC Money Change
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.46
Percentage difference between market reference rate 3.32 and exchange rate charged 3.30
Total cost (%)
4.31
Total cost (SGD)sort descending
11.21
Firm
Mong Lee Enterprise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.65
Percentage difference between market reference rate 3.31 and exchange rate charged 3.29
Total cost (%)
4.50
Total cost (SGD)sort descending
11.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.80
Exchange rate margin(%)
0.84
Percentage difference between market reference rate 3.31 and exchange rate charged 3.28
Total cost (%)
4.99
Total cost (SGD)sort descending
12.97
Firm
All Best Enterprise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
1.20
Percentage difference between market reference rate 3.31 and exchange rate charged 3.27
Total cost (%)
5.05
Total cost (SGD)sort descending
13.13
Firm
Golden Dragon
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
1.86
Percentage difference between market reference rate 3.31 and exchange rate charged 3.25
Total cost (%)
5.71
Total cost (SGD)sort descending
14.85
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
3.00
Exchange rate margin(%)
4.67
Percentage difference between market reference rate 3.31 and exchange rate charged 3.15
Total cost (%)
5.82
Total cost (SGD)sort descending
15.13
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
9.79
Exchange rate margin(%)
2.10
Percentage difference between market reference rate 3.31 and exchange rate charged 3.24
Total cost (%)
5.87
Total cost (SGD)sort descending
15.26
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
9.79
Exchange rate margin(%)
2.10
Percentage difference between market reference rate 3.31 and exchange rate charged 3.24
Total cost (%)
5.87
Total cost (SGD)sort descending
15.26
Firm
GPL Remittance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
12.00
Exchange rate margin(%)
1.42
Percentage difference between market reference rate 3.31 and exchange rate charged 3.26
Total cost (%)
6.04
Total cost (SGD)sort descending
15.70
Firm
DBS
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
0.92
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
Total cost (%)
10.54
Total cost (SGD)sort descending
27.40
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
50.00
Exchange rate margin(%)
0.18
Percentage difference between market reference rate 3.31 and exchange rate charged 3.31
Total cost (%)
19.41
Total cost (SGD)sort descending
50.47
Total Average First Quarter 2025
4.00
Total Average Fourth Quarter 2024
4.14
Total Average
Fee
7.40
Exchange Rate Margin (%)
1.16
Total Cost Percent (%)
4.00
Total Cost (SGD)
10.41
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
3-5 days Less than one hour Same day 2 days Next day
Bank account Cash Own/partner bank account
      © 2023 The World Bank Group, All Rights Reserved