Frequently Asked Questions

• What's the cheapest way to send money from Singapore to China?

  The cheapest way to send money from Singapore to China is through an online provider. Among the 7 available, Western Union was most often the cheapest provider (in 88.9% of the searches on Monito.com in the past 3 months).

• How much does it cost to send money from Singapore to China?

  If you send money with the cheapest available provider, the total cost of a SGD-CNY transfer was -0.2% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 5.6%.

• Is Western Union a good option for sending money from Singapore to China?

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from Singapore to China with Western Union* is -0.2% of the amount you send, whereas the cheapest online services have an average cost of -0.2%.
  
  Western Union is the provider that is most often the cheapest for money transfers to a cash pick-up location in China.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest provider to send money from Singapore to a cash pick-up location in China?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in China was Western Union, with an average cost of 0.3% of the amount you send (includes fees + exchange rate margin).
  
  The average total cost to send to a bank account rather than to a pick-up location during the same period was -0.2%. Western Union was the provider most often the cheapest for transfers to bank accounts in China.

• What is the fastest option to send money from Singapore to China

  The provider that was most often the fastest provider in comparisons of the past 30 days was Western Union (average fastest transfer time: In minutes)