Save up to 80% on international money transfers from Singapore

The fastest way to transfer money internationally is to use a modern fintech platform that sends funds over local payment rails instead of the SWIFT network. With Airwallex, 94% of payments are routed through local clearing systems, and 93% of transactions arrive on the same working day. That’s significantly quicker than traditional SWIFT transfers, which can take several business days to reach the recipient.

Airwallex supports international transfers to 200+ countries globally, so you can pay overseas partners almost anywhere you do business. Within that coverage, Airwallex routes payments through local payment rails in 120+ countries, giving Singapore businesses a faster and more cost‑effective alternative to traditional SWIFT transfers on most major routes.

Based on published fee schedules from major banks like DBS and OCBC, SWIFT‑based international bank transfers typically attract bank fees of about S$20–30 per transfer, in addition to FX mark‑ups and any intermediary/receiving bank charges. If you use Airwallex to transfer via local payment networks in 120+ countries, you don't incur any SWIFT fees and only pay a transparent FX margin when a currency conversion is required.

To transfer money to an international bank account with Airwallex, log in to your Airwallex account, go to the transfers section, and create a new transfer. Choose the funding currency, enter your recipient’s bank details, select the payout currency and route (local rails where available, or SWIFT if required), review the FX rate and fees upfront, then confirm the transfer and track its status in your dashboard.

An international money transfer can take up to several business days, depending on the provider and payment route. With Airwallex, 93% of transactions arrive on the same working day, and 45% of transactions arrive instantly.

Yes, you can track your money transfer in real time within your Airwallex account. Each payment shows a clear status in your dashboard, and you can configure notifications so your team is alerted when a transfer is processed, completed, or requires attention.

Airwallex keeps your funds safe by combining strong regulatory safeguards with bank‑level security and compliance controls. In Singapore, Airwallex (Singapore) Pte. Ltd. is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore (MAS), and customer funds are held in segregated trust accounts that are kept separate from Airwallex’s own operational funds and safeguarded in line with MAS rules. 

Globally, Airwallex also meets leading international security standards such as PCI DSS, SOC 1, and SOC 2, and works with reputable banking partners to help ensure your money remains protected throughout each transfer

Yes. Airwallex supports both FAST and GIRO for domestic SGD transfers in Singapore, and local transfers through these networks are free on every plan. FAST is the default local payout option, settling within 0–1 business days for transfers up to S$200,000 per transaction. GIRO settles within 1–2 business days and has no transaction limit. Airwallex also supports RTGS for larger, same-day SGD payouts.

No. None of Airwallex's Singapore plans require a minimum balance or minimum deposit; there's no fall-below fee on any tier. For transfer limits, FAST payouts are capped at S$200,000 per transaction, while GIRO has no set transaction limit.