SCOOP BETTER FX RATES
Limited Time Offer: Secure an exchange rate discount for your business today
We're promising to beat your business' existing FX rates. Simply request to beat your FX rate and we'll guarantee you a discount. Redeem this offer today!
*The offer ends on 31 December 2024 and is only applicable to new Airwallex customers. See promotional terms here.
*The offer ends on 31 December 2024 and is only applicable to new Airwallex customers. See promotional terms here.
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)
Check before you transfer to vendors - and save money
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 avoid that? Learn more about how you can save more money and maximise profits with Airwallex.
200+ countries and regions, 60+ currencies
Have payments received in as little as one business day with the full amount on delivery guaranteed.
Access interbank exchange rates
Enjoy access to bank-beating FX rates no matter the transaction size and avoid hidden transaction fees.
Work smarter, not harder
Use batch transfers to send funds in one go to multiple recipients around the world, each with a specified amount.
CASE STUDY
Saturday Club Benefits from Better FX Rates with Airwallex
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
Batch Transfers
Simplify your workflow with batch transfers
No-code payouts to multiple parties in one go
Streamline multiple payments to global suppliers and employees without ever having to write a single line of code.
Flexibility to meet your specific needs
Make batch transfers to up to 1,000 recipients across countries, currencies, and international transfer methods.
Intuitive and dynamic templates to guide you
Simply download and complete the template that best meets your requirements, upload it to Airwallex, and book your transfer.
Approval Workflows
Manage your operational risks
Multi-layered approval workflows
Customise approval workflows for your business based on specific transfer amounts.
User permissions
Set individual permissions for employees and third parties, including ‘view only’ access.
Added security
Verify each transfer with multi-factor authentication for added security and peace of mind.
Payouts
Automate money transfers with our Platform API
Businesses rely on our API to handle their most complex requirements. Programmatically make high-volume global transfers, access interbank FX rates, intelligently manage currency risk, and more.
Global Accounts
Operate like a local with Global Accounts
Airwallex makes collection of your global payments seamless, secure, and cost-effective. With our Global Accounts, you can open local currency accounts around the world in just minutes and receive payments from global customers in their preferred currency. Say goodbye to costly conversion fees.
Frequently asked questions
What is an international money transfer?
An international money transfer, or cross-border payment, is an electronic transaction where funds are sent from a payer in one country to a recipient in another. These transfers are typically facilitated by banks through payment networks like SWIFT, while platforms such as Airwallex utilises local payment networks for faster and more cost-effective money transfers.
How to get started with Airwallex FX & Transfers?
One of the fastest methods to transfer money internationally is using a fintech solution like Airwallex, which utilizes local payment rails and digital wallets to settle funds in just hours. Traditional payments through the SWIFT network can take multiple days.
What is the fastest way to transfer money internationally?
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.
How many countries does Airwallex support for money transfer service?
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.
What are the fees for transferring money internationally?
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.
How do I transfer money to an international bank account with Airwallex?
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.
How long does an international money transfer take?
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 50% of transactions arrive instantly.
Can I track my money transfer with Airwallex?
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.
How does Airwallex keep my funds safe?
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