What Is The Cheapest Way To Send Money Home From Singapore?

Our Method

How This Comparison Works

For the country and amount you pick, we use each provider’s own quote, read from its public calculator within about one minute on 12 Oct 2026, for S$200, S$500, S$1,000 and S$2,000: its fee and its exchange rate for paying by PayNow or bank transfer into a bank account in the local currency. You pay the same S$ to every provider; where a provider adds its fee on top (SingX and Western Union), we take it out of your amount instead. What arrives is the amount after the fee times the provider’s rate. The total cost is the fee plus the exchange-rate markup: the gap between the provider’s rate and the mid-market rate (Wise’s published mid-market rate at the same moment) on the money converted. A lower total cost means more money arrives, so the order is the same either way, and a transfer with no fee can still cost more than one with a fee when its rate is worse. Rates move during the day, so a rate read a few seconds apart can sit slightly above the mid-market figure. A rate within 0.03% of mid-market, or above it, is counted as about the mid-market rate with S$0 markup, so the total cost is always the fee plus the markup. Providers a few cents apart are effectively equal. First-transfer offers, card payment fees and charges by the receiving bank are not included.

Only products we checked in the last 30 days can rank. Expired offers are left out. Paid links never change the order. We compare a selection of products, not every product on the market.

General information, not financial advice. Indicative figures that change daily: exchange rates move by the minute, and fees change with the amount, currency and payment method. Quotes were read on 12 Oct 2026; the price the provider shows when you send is the one that counts. Totals a few cents apart are effectively a tie, because rates move by more than that between quotes. Approximate: providers that add their fee on top are shown as if the fee came out of your amount, and the mid-market reference is Wise’s published rate. The receiving bank may charge a fee. Use a provider licensed by MAS for cross-border money transfer, and check its current price before you send.

Spot an error? Tell us on the contact form. Are you one of these providers? Send a provider reply or correction. We check the official source before we change anything.