Send Money to Singapore

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You Send They Receive

Includes Fee

Banks and other providers add a mark-up and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage

Zero-Margin FX Rates

We get you mid-market FX rates sourced directly from Reuters and add absolutely no margins!

Fast & Easy Transfers

Loyalty Points

Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.

Transfer Money To Singapore At Zero-Margin Rates

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Losing money every time you transfer funds to Singapore? Well, not anymore! Say goodbye to high remittance charges with Zero-Margin FX Rates on InstaReM. Using InstaReM is as easy as A-B-C. The first thing you need to do is set up an InstaReM account. You will be asked to fill in personal identification details. Once the InstaReM team verifies your account, you can start sending money to Singapore through your InstaReM account. We also offer welcome and referral bonuses for our clients. So Sign Up today to get started with cost-effective money transfers to Singapore.

Frequently Asked Questions

Is it safe to send money to Singapore through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
How much does it cost to send money to Singapore through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. InstaReM charges a small percentage of the amount sent as fee For payments from AUD or HKD to SGD, the fee is 0.5%. For transfers from MYR to SGD, the fee is 0.6%. Please note that the fees are subject to change.
How much time does it take to send money to Singapore through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
1. Additional information required by InstaReM or recipient bank or financial institution for your security
2. Payment processing / verifying your bank account
3. Branch location hours / delivery hours / holidays
4. Erroneous recipient details
*Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
Which banks in Singapore are covered by InstaReM? InstaReM covers all banks in Singapore, including Developmental Bank of Singapore (DBS), Post Office Savings Bank (POSB), United Overseas Bank (UOB), Oversea-Chinese Banking Corporation (OCBC Bank), Standard Chartered Bank, Citibank (Singapore), HSBC and Bank Of China, among many others.
What details are required to send money to Singapore?
1. Name: When sending to individuals in Singapore, you need to fill in the beneficiary’s first name and last name.
2. Address: Beneficiary’s full residential address in Singapore.
3. Account no: Beneficiary’s local account number in Singapore.
4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Singapore.
What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Singapore. here
Can I send money to the bank account of a business based in Singapore through InstaReM? Yes. You can use InstaReM for business transfers to Singapore.
What are the minimum and maximum limits for sending money to Singapore through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
Which currencies are available for payout in Singapore? We make payouts in SGD and USD only.
For what purposes can I send money to Singapore through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Singapore from three countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
1. Family maintenance
2. Gift to family or friends
3. Credit into your non-resident deposit accounts in Singapore
4. Payments towards tuition/ hostel fees
5. Travel services
6. Home loan repayment (extended by banks)
7. Insurance premium
8. Purchase of permissible real estate
* InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
Does InstaReM support transfers to an email address of a recipient based in Singapore? No. InstaReM does not support transfers to an email address in Singapore.

You can also transfer money to other countries in

Asia
Europe
Oceania
North America

Transfer Money To Singapore At Zero-Margin FX Rates

Transfer Money To Singapore At Zero-Margin Rates

Send Money To Singapore