Amount Transferred (SGD)
Exchange Rate Margin Fee (SGD)
Fees & Commissions (SGD)
Total Cost (SGD)
Total Cost (%)
Amount Received (SGD)
How Do POSB Overseas Transfers Compare?
Recipient Receives (USD)
|Go To POSB|
|Go To SingX|
Bank transfer, debit/credit card
|Go To Wise|
Bank transfer, direct bank payment
|Go To Instarem|
You Might Also Be Interested
Frequently Asked Questions About POSB Overseas Transfers
How long do POSB overseas transfers take? ⏱
According to POSB, overseas transfers take between two and four business days to arrive in the beneficiary's bank account. However, for transfers from the Singapore dollar to less popular foreign currencies, these transfers could take longer still, taking as long as five working days according to our analysis of international wire transfer speeds.
What are POSB's exchange rates for overseas transfers? 💱
POSB's exchange rates for overseas transfers constantly fluctuate, meaning it's practically never the same value over time. However, according to our analysis comparing POSB's quotes exchange rate versus the mid-market exchange rate, margins come between 0.4% and 3.5% for foreign currency exchange. To find the latest exchange rate, take a look at DBS Bank's currency converter tool, which POSB uses to quote live exchange rates.
What are POSB's overseas transfer limits? ⛔
By default, the maximum overseas transfer limit at POSB is S$500.00. However, this limit can be manually raised to a custom limit as high as S$200,000.00 through the digibank online banking portal.
How do I cancel a POSB overseas transfer? ⏮
It is possible to cancel a POSB overseas transfer, however, the process can be rather cumbersome and will very likely come at a steep cost, and it can only be done if the money hasn't yet arrived in your beneficiary's bank account. To get the job done, you'll need to visit a DBS or POSB branch to speak to a representative. You will be charged a S$35.00 cancelation fee and your funds will be returned to your bank account at the new exchange rate (which could count either in your favour or increase the cost.)