When your destination is Singapore, choosing the best way to send money to Singapore becomes critical. You need a platform that offers speed, security, affordability, and reliability.
Sending money internationally is a common necessity, whether for covering education costs, supporting loved ones, settling business payments, or investing in property.
That’s where Transferxo stands out as one of the best remittance in Singapore solutions available today.
Transferxo is built for simplicity and efficiency. It provides highly competitive exchange rates, low transparent fees, and fast delivery—often within minutes or on the same day.
Unlike traditional banks or high-fee transfer services, Transferxo ensures that the recipient receives the full SGD amount without deductions or hidden charges.
Whether you’re sending money from the UK, US, Europe, or Asia, Transferxo’s global coverage and mobile-friendly interface make it convenient and accessible.
Its local payout system means funds land directly in Singaporean bank accounts without extra SWIFT or intermediary fees.
In this guide, we’ll explain how Transferxo works, compare it to other major providers, and offer practical tips to get the most value from your transfer.
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What is the Best way to send Money to Singapore?
The best remittance in Singapore depends on your specific needs—speed, cost, transfer method, and destination country—but a few providers consistently stand out.
1. TransferXO
Transferxo is among the top choices for its fast transfers, competitive exchange rates, and transparent fees. It supports local SGD payouts directly to Singapore bank accounts, minimizing recipient-side fees. Transfers often arrive the same day, making it ideal for urgent payments.
2. Wise (formerly TransferWise)
Wise (formerly TransferWise) is another strong option, known for ultra-transparent pricing and mid-market exchange rates. It’s especially suitable for tech-savvy users and smaller transfers due to low, predictable fees.
3. SingX and Instarem
SingX and Instarem are Singapore-based services that offer competitive FX rates and zero hidden fees. They’re excellent for residents sending money to or from Singapore.
4. Western Union and MoneyGram
Western Union and MoneyGram remain viable for cash pickups, but they’re generally more expensive and better suited for emergency situations.
Why Transferxo is the Best Remittance in Singapore?
1. Speed – Delivered in Minutes or Same Day
Transferxo enables transfers to Singapore in as little as a few minutes or by end-of-day. In most corridors, funds arrive within the same banking day—a clear competitive edge over traditional banks, which can take 1–3 days via SWIFT.
This instant or next-day delivery positions Transferxo as one of the best remittance in Singapore options for those needing fast transfers.
2. Low, Transparent Fees
Flat, upfront fees included in every transfer—no surprise deductions. Competitive exchange rates with no hidden markups.
Beneficiaries in Singapore receive the full SGD amount quoted upfront.
Transparency and affordability are hallmarks of the best remittance in Singapore, and Transferxo consistently performs well in both areas.
3. User-Friendly Experience
Simple donor and receiver workflows—from registration and KYC to payment submission and live tracking.
Compared to rigid bank forms and slow customer service, Transferxo offers mobile/web accessibility with responsive support.
4. Local Payout Options
Funds sent via Transferxo land directly in Singapore bank accounts (DBS, OCBC, UOB, POSB, etc.), typically as local SGD—avoiding extra SWIFT fees on the recipient’s side.
This is a major advantage highlighted by users of best remittance in Singapore services, as it ensures recipients receive exactly what was sent.
5. Global Coverage
Transferxo supports many major currencies and lots of sending countries. Whether you’re in the U.S., UK, Europe, Australia, or beyond, if major currency pairs apply, you can use Transferxo to remit in one click—defining its place among the best remittance in Singapore platforms.
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How Transferxo Works—Step-by-Step
Transferxo delivers the efficiency that defines the best remittance in Singapore solutions.
1. Sign Up & Verify Identity
Create an account via the web or app and complete KYC with ID and address verification.
2. Set Currency Pair & Amount
Choose GBP→SGD, USD→SGD, EUR→SGD, etc., enter the amount you’re sending.
3. Review Rate, Fee & Delivery Promise
Transferxo locks in mid-market exchange rate plus a clear fee; delivery displayed as minutes or same-day.
4. Fund Your Transfer
Pay by bank transfer, debit/credit card, or other supported methods.
5. Track Your Transfer
You and your recipient receive automated tracking from sender through payout in SGD to Singapore bank.
6. Funds Land in Recipient Bank
Typically settles in Singapore accounts within minutes or by end of banking day.
How to Send Money to Singapore with Debit card
1. Create an Account: Sign up on the TransferXO website or mobile app using your email or phone number.
2. Add a Recipient: Provide the recipient’s name, country (Singapore ), and bank details.
3. Choose a Payment Method: You can send money using a TransferXO debit card or direct bank transfer. Currently, credit card transfers are not supported, which ensures transactions are direct and controlled.
4. Enter the Amount: Input how much you want to send. TransferXO will show the exchange rate, fees, and amount the recipient will get.
5. Confirm and Send: Review the details and confirm the transfer. You’ll receive tracking updates in real-time.
How to Send Money to Singapore with Stable Coins (Cryptocurrency)
1. Create a TransferXO Account: Visit TransferXO and sign up for an account. Complete the necessary identity verification (KYC) as required.
2. Fund Your Wallet: Deposit stablecoins such as USDT, USDC, or DAI into your TransferXO wallet. These stablecoins are pegged to the US dollar, providing stability during the transfer.
3. Initiate the Transfer:
- Select Stablecoin: Choose the stablecoin you wish to send.
- Enter Recipient Details: Provide the recipient’s wallet address in Singapore . Ensure the recipient uses a compatible wallet that supports the chosen stablecoin.
- Specify Amount: Enter the amount you intend to send.
4. Confirm and Send: Review the transaction details, including any fees, and confirm the transfer. TransferXO will process the transaction, and the recipient should receive the funds promptly, depending on network congestion.
How to Send Money to Singapore with Bank Transfers
1. Create a TransferXO Account: Visit TransferXO and sign up for an account. Complete the necessary identity verification (KYC) as required.
2. Fund Your Wallet: Deposit funds into your TransferXO wallet using your preferred method, such as a local bank transfer or other supported options.
3. Initiate the Transfer:
- Select ‘Bank Transfer’: Choose the bank transfer option for sending money.
- Enter Recipient Details: Provide the recipient’s full name and their International Bank Account Number (IBAN).
- Specify Amount and Currency: Enter the amount you wish to send and select the desired currency.
4. Review and Confirm: Double-check all the entered information, including recipient details and the transfer amount. Confirm the transaction to proceed.
5. Track the Transfer: Use TransferXO’s tracking features to monitor the status of your transfer until the recipient confirms receipt.
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How to Send Money to Singapore with Gift Cards
1. Sell Your Gift Card on TransferXO: Visit the TransferXO platform and create an account if you haven’t already.
Navigate to the gift card trading section and select the type of gift card you possess (e.g., Amazon, iTunes, Visa).
Follow the prompts to sell your gift card in exchange for cryptocurrency or fiat currency.
2. Convert Proceeds to Cryptocurrency or Fiat: Once your gift card is sold, you’ll receive the equivalent value in your TransferXO wallet.
You can choose to hold the funds in cryptocurrency (like USDT or Bitcoin) or convert them to fiat currency, depending on your preference.
3. Initiate a Transfer to Singapore : If you have fiat currency, use TransferXO’s bank transfer services to send the funds directly to the recipient in Singapore .
How to Send Money to Singapore with Mobile Money Transfers
1. Sell Your Mobile Money Balance on TransferXO: Visit the TransferXO platform and create an account if you haven’t already.
Navigate to the mobile money trading section and select your mobile money provider (e.g., M-Pesa, MTN Mobile Money).
Follow the prompts to sell your mobile money balance in exchange for cryptocurrency or fiat currency.
2. Convert Proceeds to Cryptocurrency or Fiat: Once your mobile money balance is sold, you’ll receive the equivalent value in your TransferXO wallet. You can choose to hold the funds in cryptocurrency (like USDT or Bitcoin) or convert them to fiat currency, depending on your preference.
3. Initiate a Transfer to Singapore: If you have fiat currency, use TransferXO’s bank transfer services to send the funds directly.
How long does it take to send money to Singapore?
When sending money to Singapore with TransferXO, delivery time depends on the method of transfer you choose. Each method offers unique advantages in terms of speed, convenience, and fees. Here’s how they compare:
1. Bank Transfer
Traditional bank transfers usually take 1–2 business days. While secure and widely used, processing times may vary due to international banking networks and cut-off times. This method is ideal for large or routine transfers that are not time-sensitive.
2. Debit or Credit Card
Using a debit or credit card can speed up the process, with transfers often arriving within a few hours. This method is suitable for quick, one-time transactions but may incur slightly higher fees.
3. Mobile Wallets or Instant Systems
If TransferXO supports instant systems like Singapore’s PayNow or mobile wallet integrations, the transfer can be completed **instantly or within minutes, offering a convenient option for both senders and recipients.
4. Cryptocurrency (USDT – Tether)
TransferXO also supports cryptocurrency transfers like USDT (Tether). These are typically processed within minutes to a few hours, depending on network congestion. This method offers fast, borderless transactions and may reduce fees, especially for cross-border payments.
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What details do I need to verify my TransferXO account?
By completing these steps, you’ll unlock full TransferXO functionality—sending, receiving, converting, and withdrawing funds.
1. Basic Personal Information
- Email address (verified via OTP)
- Full name, date of birth, country of residence, and password during sign-up
2. Proof of Identity (POI)
You’ll be required to upload a government-issued photo ID, such as:
- Passport
- National ID card
- Driver’s license
Ensure your document shows your full name, date of birth, photo, issue and expiration dates. Formats accepted include high-resolution JPG/PNG and PDF, with all four corners visible.
3. Proof of Address (POR)
Submit a document issued in the last 3 months, such as:
- Utility bill
- Bank statement
This must clearly show your name, address, issue date, and feature the issuer’s official logo.
4. Security Enhancements (Recommended)
- Selfie check (liveness) may be required to confirm your identity
- Two-Factor Authentication (2FA) via an authenticator app adds extra security.
5. Review Timeline
After submission, document review can take anywhere from minutes to a few hours, though some verifications may take longer depending on volume and compliance checks.
Conclusion
The best remittance to Singapore depends on your specific needs—whether it’s speed, cost, or convenience.
TransferXO offers multiple flexible options, including traditional bank transfers, debit/credit card funding, mobile wallet deposits, and even cryptocurrency like USDT.
Standard transfers typically arrive within 1–2 business days, while express and crypto options can deliver funds within hours or even minutes.
With competitive fees, transparent exchange rates, and strong security measures, TransferXO stands out as a reliable, modern solution for international money transfers.
For a fast, secure, and user-friendly experience, TransferXO is one of the best ways to send money to Singapore.
FAQs
How long does it take to send money to Singapore with TransferXO?
TransferXO offers standard transfers that typically arrive within 1–2 business days. For urgent needs, their express option or cryptocurrency transfers (e.g., USDT) can deliver funds within a few hours or even instantly, depending on the method and processing time.
What is the cheapest way to send money to Singapore using TransferXO?
The most cost-effective method is the standard bank transfer, which carries a low flat fee of 0.75% with no extra charges on deposits or withdrawals. Using crypto may also reduce overall fees for large transfers.
Can I use cryptocurrency like USDT to send money to Singapore?
Yes, TransferXO supports cryptocurrency transfers, including USDT, allowing for fast, secure, and borderless remittance to Singapore. These transactions often settle within minutes to hours.
Is TransferXO safe for sending money to Singapore?
Yes. TransferXO uses industry-standard security, including encryption, identity verification (KYC), and optional 2FA, ensuring your funds and personal data are protected during every transaction.
What methods can recipients in Singapore use to receive money?
Recipients can get funds through bank deposits, mobile wallets, or crypto wallets, depending on what the sender chooses. If integrated, systems like PayNow may also be supported for fast, local access.