The Cheapest Way to Send Money from Singapore to the Philippines, India, Pakistan and Bangladesh

Time Doctor Send Money from Singapore to the Philippines

Singapore attracts international professionals with its numerous employment opportunities. If you work in Singapore and send money to the Philippines, India, Pakistan and Bangladesh, you’ve probably tested numerous money transfer services.

What’s the biggest problem with those? It usually boils down to the massive charges. What is a Money Transfer Fee and How to Avoid it? Every financial institution that wires money abroad charges you a fee.

Sometimes, the charge is declared in advance and you know how much you’ll have to pay for the transfer (an upfront fee). In some instances, you will be forced to pay an additional fee that occurs as a result of the exchange rates. That hidden fee can cost you up to SGD 100, depending on the country you’re sending money to.

While you can’t completely avoid money transfer fees, you can limit the amount by choosing a service that best fits your budget. The following tables will help you compare most popular money transfer services and find the most affordable way to send money from Singapore to other countries.

Table 1: Sending 1000 SGD from the Singapore to Philippines
Transfer methodFees to send 1000 SGDHidden currency conversion costTotal feesTime for the transfer to arrive
UKForex*07.57.51-2 days
Pay2Home59141-3 days
Prime Exchange512173-5 days
MoneyGram (fast)17724In Minutes
Western Union (fast)181028In Minutes
IME2012321-3 days
Exchange4free036363-5 days
Al Ansari Exchange884921-3 days
Skrill53511043-5 days
Table 2: Sending 1000 SGD from the Singapore to India
Transfer methodFees to send 1000 SGDHidden currency conversion costTotal feesTime for the transfer to arrive
ICICI Bank2573-5 days
UKForex*07.57.51-2 days
Remit Guru0991-3 days
Remit2India82102-4 days
Primexchange19103-5 days
MoneyGram (fast)9312In Minutes
IME155201-3 days
Western Union (fast)201232In Minutes
Exchange4free036363-5 days
Al Ansari Exchange856641-3 days
Paysera2170912-3 days
Skrill53501033-5 days
Table 3: Sending 1000 SGD from the Singapore to Pakistan
Transfer methodFees to send 1000 SGDHidden currency conversion costTotal feesTime for the transfer to arrive
UKForex*07.57.51-2 days
IME027271-3 days
Exchange4free040403-5 days
Al Ansari Exchange854621-3 days
Western Union (fast)801696In Minutes
MoneyGram (fast)702999In Minutes
Skrill53501033-5 days
Table 4: Sending 1000 SGD from the Singapore to Bangladesh
Transfer methodFees to send 1000 SGDHidden currency conversion costTotal feesTime for the transfer to arrive
UKForex*07.57.51-2 days
MoneyGram (fast)51015In Minutes
Prime Exchange510153-5 days
Western Union (fast)61319In Minutes
Exchange4free035353-5 days
IME1546611-3 days
Al Ansari Exchange890981-3 days
Skrill53501033-5 days
Table 5: Total Cost of Sending Money including HIDDEN Fees
Transfer methodTo PhilippinesTo IndiaTo PakistanTo Bangladesh
UKForex0.75%0.75%0.75%0.75%
ICICI BankNot available0.7%Not availableNot available
RemitGuruNot available0.9%Not availableNot available
Remit2IndiaNot available1%Not availableNot available
Pay2Home1.4%Not availableNot availableNot available
Prime Exchange1.7%1%Not available1.5%
MoneyGram (fast)2.4%1.2%9.9%1.5%
Western Union (fast)2.8%3.2%9.6%1.9%
IME3.2%2%2.7%6.1%
Exchange4free3.6%3.6%4%3.5%
Al Ansari Exchange9.2%6.4%6.2%9.8%
PayseraNot available9.1%Not availableNot available
Skrill10.4%10.3%10.3%10.3%

Note:

  • Worldremit can also send money from Singapore to Philippines, India, Pakistan and Bangladesh but through Mobile Airtime service. This Mobile Airtime service has been providing by telecommunication companies which varies country to country and their charges plus tax also varies.
  • Minimum transfer of 500 SGD for UKForex.

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