FX and Transfers
International Business Transfers to Singapore
Make international payments to and from Singapore in 46+ currencies in as little as one business day and access market-leading FX rates no matter the transaction size.
Regulated by MAS
Airwallex (Singapore) Pte. Ltd. is licensed in Singapore as a Major Payment Institution and is regulated by the Monetary Authority of Singapore (License No. PS20200541)
Save money as you pay vendors and suppliers globally
How often do hidden bank fees eat into your profits? There’s the SWIFT fee, FX fee, and all the other hidden fees that gets deducted even before your transfer reaches your recipient. Want to minimise that? Learn more about how Airwallex can help streamline your financial operations today.
150+ countries and regions, 60+ currencies
Access Airwallex's global network and make transfers globally, with payments received in as little as one business day.
Access market-leading FX rates
Access interbank FX rates on your SGD conversions no matter the transaction size and avoid hidden transaction fees.
Pay up to 1,000 recipients or bills in one go
Use our batch transfers capability to send funds to multiple recipients around the world in one go, each with a specified amount.
Simplify your bookkeeping
Connect Airwallex to your favourite accounting software in just a few clicks to automatically reconcile transfers, saving time and cost.
FX and Transfers
The ability to transact like a local
Receive SGD business account details instantly
Open a free SGD account with us instantly and get a dedicated account number along with a local branch and bank code for your business. Receive, hold, and spend SGD without unnecessary conversion fees.
Transfer to suppliers or contractors in Singapore in SGD
Airwallex's connection to local payment rails allows your business to bypass the SWIFT network. This means faster transfers and no international transaction fees.
Receive payments with our eCommerce plugin integrations
Our integrations with platforms such as Shopify, Woocommerce and Magento means you can collect SGD payments from your overseas customers and settle to your account in SGD, converting only when needed.
How it works
Convert and send SGD with Airwallex in 3 simple steps
Sign up for a free Airwallex business account
Make deposits in your preferred currencies and manage in your multi-currency Wallet.
Convert funds to SGD
Select your currency of choice and enter the amount of money you wish to convert into SGD.
Send your payment
Initiate a transfer to your country of choice and track the progress of your transfer in real-time with live updates.
"Before Airwallex, we had no idea when our payments were going to reach our suppliers. Using Airwallex instead of traditional banks has increased the speed of our overseas transfers and optimised our cashflow significantly. We've also saved up to 99% of our TT and FX fees."
Ying Tze Her
Chief Operating Officer, Saturday Club
"Singapore is a small market. Businesses who wish to make decent earnings have to export to other markets, at some point. Before Airwallex, we had to travel physically to China to pay our suppliers. Now, we can transfer money in minutes. If Airwallex isn't around, I think a lot of traditional businesses will take a very long route to success."
Emily Chu
Co-founder, Hey! Chips
“Typically, traditional banks take up to 2-3 days to process a transaction. With Airwallex, we can make same-day transfers around the clock and pay our employees all over the world easily.”
Dominic Law
CEO, World of Neopets
"I’m so thankful that Airwallex exists! Airwallex allows me to exchange currencies at really great rates, and the interface is very modern and easy to use compared to my bank. We save so much money with Airwallex! In just a few months, we've already saved more than SGD$13,000 in unnecessary bank fees!"
Jennifer Chong
Co-founder, Linjer
Access our global transfer method network
Airwallex offers you a wide array of local and global transfer options to make sure you get the fastest and most cost-effective solution.
Explore our growing network of 150+ payout countries and regions
Explore our growing network of 150+ payout countries and regions
Frequently asked questions
How can I send SGD to Singapore and how long will it take?
You can send SGD to any bank account in Singapore. With Airwallex’s partnership with local payment rails, SGD payments to Singapore are local transfers and can be as fast as 1 working day.
You can also send SGD to bank accounts outside Singapore using the SWIFT payment network. These payments can take up to 5 working days to arrive.
How much does an international transfer to Singapore cost?
With Airwallex, you can send SGD to Singapore as a local transfer, without incurring any SWIFT fees. Should there be any conversion involved, Airwallex charges a market-leading margin of the conversion amount.
If you are sending other currencies to Singapore or sending SGD to a bank account outside Singapore, going through SWIFT is necessary and a standard SWIFT fee will be charged.
Airwallex will not charge any other additional fees than what is shown on our dashboard when you initiate a transfer.
Why Airwallex?
Airwallex is a leading end-to-end payments and financial platform trusted by more than 100,000 businesses around the world. In Singapore, Airwallex is regulated by the MAS and operates as a financial service. Through our Global Business Account, customers can send and receive international payments, hold multiple currencies, and save on bank charges. Your Airwallex account also gives you access to financial software and products to help manage your global business such as corporate cards with inbuilt expense management, bill pay, and accounting integrations.