The Cheapest Way to Send Money from Singapore to the Philippines, India, Pakistan and Bangladesh

Time Doctor Send Money from Singapore to the Philippines

Singapore attracts international professionals with its numerous employment opportunities. If you work in Singapore and send money to the Philippines, India, Pakistan and Bangladesh, you’ve probably tested numerous money transfer services.

What’s the biggest problem with those? It usually boils down to the massive charges. What is a Money Transfer Fee and How to Avoid it? Every financial institution that wires money abroad charges you a fee.

Sometimes, the charge is declared in advance and you know how much you’ll have to pay for the transfer (an upfront fee). In some instances, you will be forced to pay an additional fee that occurs as a result of the exchange rates. That hidden fee can cost you up to SGD 100, depending on the country you’re sending money to.

While you can’t completely avoid money transfer fees, you can limit the amount by choosing a service that best fits your budget. The following tables will help you compare most popular money transfer services and find the most affordable way to send money from Singapore to other countries.

Table 1: Sending 1000 SGD from the Singapore to Philippines
Transfer method Fees to send 1000 SGD Hidden currency conversion cost Total fees Time for the transfer to arrive
UKForex* 0 7.5 7.5 1-2 days
Pay2Home 5 9 14 1-3 days
Prime Exchange 5 12 17 3-5 days
MoneyGram (fast) 17 7 24 In Minutes
Western Union (fast) 18 10 28 In Minutes
IME 20 12 32 1-3 days
Exchange4free 0 36 36 3-5 days
Al Ansari Exchange 8 84 92 1-3 days
Skrill 53 51 104 3-5 days
Table 2: Sending 1000 SGD from the Singapore to India
Transfer method Fees to send 1000 SGD Hidden currency conversion cost Total fees Time for the transfer to arrive
ICICI Bank 2 5 7 3-5 days
UKForex* 0 7.5 7.5 1-2 days
Remit Guru 0 9 9 1-3 days
Remit2India 8 2 10 2-4 days
Primexchange 1 9 10 3-5 days
MoneyGram (fast) 9 3 12 In Minutes
IME 15 5 20 1-3 days
Western Union (fast) 20 12 32 In Minutes
Exchange4free 0 36 36 3-5 days
Al Ansari Exchange 8 56 64 1-3 days
Paysera 21 70 91 2-3 days
Skrill 53 50 103 3-5 days
Table 3: Sending 1000 SGD from the Singapore to Pakistan
Transfer method Fees to send 1000 SGD Hidden currency conversion cost Total fees Time for the transfer to arrive
UKForex* 0 7.5 7.5 1-2 days
IME 0 27 27 1-3 days
Exchange4free 0 40 40 3-5 days
Al Ansari Exchange 8 54 62 1-3 days
Western Union (fast) 80 16 96 In Minutes
MoneyGram (fast) 70 29 99 In Minutes
Skrill 53 50 103 3-5 days
Table 4: Sending 1000 SGD from the Singapore to Bangladesh
Transfer method Fees to send 1000 SGD Hidden currency conversion cost Total fees Time for the transfer to arrive
UKForex* 0 7.5 7.5 1-2 days
MoneyGram (fast) 5 10 15 In Minutes
Prime Exchange 5 10 15 3-5 days
Western Union (fast) 6 13 19 In Minutes
Exchange4free 0 35 35 3-5 days
IME 15 46 61 1-3 days
Al Ansari Exchange 8 90 98 1-3 days
Skrill 53 50 103 3-5 days
Table 5: Total Cost of Sending Money including HIDDEN Fees
Transfer method To Philippines To India To Pakistan To Bangladesh
UKForex 0.75% 0.75% 0.75% 0.75%
ICICI Bank Not available 0.7% Not available Not available
RemitGuru Not available 0.9% Not available Not available
Remit2India Not available 1% Not available Not available
Pay2Home 1.4% Not available Not available Not available
Prime Exchange 1.7% 1% Not available 1.5%
MoneyGram (fast) 2.4% 1.2% 9.9% 1.5%
Western Union (fast) 2.8% 3.2% 9.6% 1.9%
IME 3.2% 2% 2.7% 6.1%
Exchange4free 3.6% 3.6% 4% 3.5%
Al Ansari Exchange 9.2% 6.4% 6.2% 9.8%
Paysera Not available 9.1% Not available Not available
Skrill 10.4% 10.3% 10.3% 10.3%

Note:

  • Worldremit can also send money from Singapore to Philippines, India, Pakistan and Bangladesh but through Mobile Airtime service. This Mobile Airtime service has been providing by telecommunication companies which varies country to country and their charges plus tax also varies.
  • Minimum transfer of 500 SGD for UKForex.

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