Send Money to Singapore — USD/EUR to SGD, Simple Guide
120
9/23/2025
Send money to Singapore — USD/EUR to SGD, fees and how long it takes (2025)
Quick answer
Choose the currency you want to see on the recipient’s statement (often SGD), make the all-in total visible before funds move, and keep beneficiary details exact. Singapore receiving banks run routine checks; when names, numbers and the payment note are clean and match the documents, posting is steady and on time.
What’s specific about Singapore
Global hub, predictable formats. Singapore banks handle cross-border traffic daily and rely on standard international bank transfer formats. Exact legal names and concise payment notes help teams match context faster.
SGD-led pricing. The local currency is the Singapore dollar (SGD). Many payers fund from USD or EUR balances and aim for either a like-for-like outcome (USD/EUR shown on the statement) or a local SGD posting for spend in Singapore.
Currency choices — plain view
SGD on the statement. Practical for rent, tuition, local suppliers and day-to-day costs in the CBD, Orchard and Jurong.
USD/EUR on the statement. Useful when both sides hold balances in a major currency; FX is removed from the equation and reconciliation stays simple.
Key point: agree where conversion happens (before sending or on arrival) and the target “net amount on account” so everyone expects the same figure.
All-in cost & timing — explained simply
Your real total equals the all-in cost: bank fees + any FX impact. Seeing it upfront prevents top-ups and end-of-week adjustments. Timing depends on daily cut-offs at origin and in Singapore plus routine screening; morning submissions usually post more reliably than end-of-day wires, especially around public holidays and long weekends.
| Use case | Currency on statement | Conversion point | All-in view | Posting note |
|---|---|---|---|---|
| Supplier invoice / services | SGD or USD/EUR | Before send or on arrival (agree) | Fees + FX visible upfront (all-in) | Mirror the document title in the note |
| Family support / rent / tuition | SGD for local spend | Before send for a fixed outcome | One total prevents top-ups | Earlier submission → steadier posting |
| Like-for-like balances | USD/EUR (same currency) | No FX involved | Operational planning dominates | Keep one email thread for proofs |
Field notes from real flows
Expect routine screening and short purpose questions. Keep the contract or invoice title, the email subject and the payment note aligned word-for-word; review teams can match context in seconds. If a specific value date matters (e.g., supplier release or booking holds), submit in the morning and account for holiday calendars and time zones at both origin and destination.
“Short, consistent payment notes and exact beneficiary data help Singapore banks post inbound funds quickly, even on busy days.”
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Common pitfalls — easy fixes
Vague notes. Keep them short and mirror the document name. Undefined FX plan. Decide where conversion happens and confirm the expected “on account” figure. Near cut-off wires. Late submissions risk next-day posting; mornings are safer.
On-track signals
One currency outcome agreed, data validated before dispatch, early submission, and a standard proof shared in the same email thread — these signals usually add up to smooth, on-time posting.
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About
VelesClub Int., together with partner UNIBROKER, supports secure international payments to Singapore with clear planning, simple documents and predictable posting timelines.
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