Learn how to transfer money to Singapore at the most competitive cost with these 4 steps
Even though the evolution of the exchange rate is unforseeable, it never hurts to monitor it in order to maximize how many you will receive for your money. Track the evolution of the Singapore dollar exchange rate and make your transfer when the exchange rate reaches your target level.
Are you looking for the money transfer company with the overall most competitive cost, the faster transfer time, best reviews, or a combination of these factors.
It is also interesting to have a look at the pay-in and pay-out methods. Local bank transfer, debit and/or credit cards are the most often available pay-in options to send money to Singapore online. On the recipient's side in Singapore, you often have to decide if you want the converted amount to be transferred to your recipient's account or received in cash (from an agent location).
Now, simply complete the sign-up form on the provider's online portal (you most of the time have to upload documents to prove your identity), and provide the details of your transfer to Singapore.