Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to MALAYSIA

Data collected on: Oct 29, 2020
SGD | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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 descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
BigPay
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.000.77
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
0.370.37
0.960.74
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
0.640.64
1.661.28
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.961.51
0.31
Percentage difference between market reference rate 3.05 and exchange rate charged 3.04
0.31
1.071.07
2.782.14
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
1.301.30
3.382.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.63
Percentage difference between market reference rate 3.05 and exchange rate charged 3.00
1.63
1.631.63
4.243.26
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.992.30
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
1.791.79
4.653.58
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.31
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
1.801.80
4.683.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
2.452.45
6.374.90
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.97
Percentage difference between market reference rate 3.05 and exchange rate charged 3.02
0.97
2.892.89
7.515.78
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
2.28
Percentage difference between market reference rate 3.05 and exchange rate charged 2.98
2.28
3.443.44
8.946.88
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
2.28
Percentage difference between market reference rate 3.05 and exchange rate charged 2.98
2.28
3.443.44
8.946.88
Haratan Servicing
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.006.15
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
3.723.72
9.677.44
Mong Lee Enterprise
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
3.833.83
9.967.66
Raffles Money Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
3.833.83
9.967.66
Golden Dragon
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
3.833.83
9.967.66
All Best Enterprise
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
10.007.69
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
3.833.83
9.967.66
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.005.38
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
3.993.99
10.377.98
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.38
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
3.993.99
10.377.98
JC Money Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.31
Percentage difference between market reference rate 3.05 and exchange rate charged 3.04
0.31
4.164.16
10.828.32
Mass Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
4.494.49
11.678.98
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.007.69
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
4.494.49
11.678.98
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
4.494.49
11.678.98
Maybank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10.007.69
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
4.494.49
11.678.98
Brunphil Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.97
Percentage difference between market reference rate 3.05 and exchange rate charged 3.02
0.97
4.824.82
12.539.64
Pay2Home Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.006.92
1.63
Percentage difference between market reference rate 3.05 and exchange rate charged 3.00
1.63
5.095.09
13.2310.18
Haratan Servicing
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
12.009.23
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
5.265.26
13.6810.52
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.007.69
1.63
Percentage difference between market reference rate 3.05 and exchange rate charged 3.00
1.63
5.475.47
14.2210.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.009.23
2.28
Percentage difference between market reference rate 3.05 and exchange rate charged 2.98
2.28
6.906.90
17.9413.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
35.0026.92
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
14.1014.10
36.6628.20
Total Average Fourth Quarter 2020
3.853.85
Total Average Third Quarter 2020
4.554.55
Total Average
Fee
7.695.91
Exchange Rate Margin (%)
0.890.89
Total Cost Percent (%)
3.853.85
Total Cost (SGD) Total Cost (USD)
10.007.70
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
BigPay
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.000.78
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
0.140.14
0.900.70
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
0.640.64
4.133.20
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.223.27
0.31
Percentage difference between market reference rate 3.05 and exchange rate charged 3.04
0.31
0.970.97
6.264.85
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.902.25
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
1.091.09
7.035.45
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.33
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
1.111.11
7.165.55
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
1.301.30
8.396.50
Mong Lee Enterprise
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
1.541.54
9.937.70
Raffles Money Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
1.541.54
9.937.70
Golden Dragon
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
1.541.54
9.937.70
All Best Enterprise
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
10.007.75
-0.01
Percentage difference between market reference rate 3.05 and exchange rate charged 3.05
-0.01
1.541.54
9.937.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.63
Percentage difference between market reference rate 3.05 and exchange rate charged 3.00
1.63
1.631.63
10.518.15
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.97
Percentage difference between market reference rate 3.05 and exchange rate charged 3.02
0.97
1.751.75
11.298.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
1.761.76
11.358.80
JC Money Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.31
Percentage difference between market reference rate 3.05 and exchange rate charged 3.04
0.31
1.871.87
12.069.35
Haratan Servicing
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.006.20
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
1.881.88
12.139.40
Mass Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
2.192.19
14.1310.95
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.007.75
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
2.192.19
14.1310.95
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
2.192.19
14.1310.95
Maybank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10.007.75
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
2.192.19
14.1310.95
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.005.43
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
2.382.38
15.3511.90
BKK Forex
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.43
1.30
Percentage difference between market reference rate 3.05 and exchange rate charged 3.01
1.30
2.382.38
15.3511.90
Haratan Servicing
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
12.009.30
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
2.502.50
16.1312.50
Brunphil Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.97
Percentage difference between market reference rate 3.05 and exchange rate charged 3.02
0.97
2.522.52
16.2512.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
2.28
Percentage difference between market reference rate 3.05 and exchange rate charged 2.98
2.28
2.752.75
17.7413.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
2.28
Percentage difference between market reference rate 3.05 and exchange rate charged 2.98
2.28
2.752.75
17.7413.75
Pay2Home Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.006.98
1.63
Percentage difference between market reference rate 3.05 and exchange rate charged 3.00
1.63
3.023.02
19.4815.10
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.007.75
1.63
Percentage difference between market reference rate 3.05 and exchange rate charged 3.00
1.63
3.183.18
20.5115.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.009.30
2.28
Percentage difference between market reference rate 3.05 and exchange rate charged 2.98
2.28
4.144.14
26.7020.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
55.0042.64
0.64
Percentage difference between market reference rate 3.05 and exchange rate charged 3.03
0.64
9.179.17
59.1545.85
Total Average Fourth Quarter 2020
2.202.20
Total Average Third Quarter 2020
2.852.85
Total Average
Fee
8.456.55
Exchange Rate Margin (%)
0.890.89
Total Cost Percent (%)
2.202.20
Total Cost (SGD) Total Cost (USD)
14.2011.01
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account