Best Money Transfer Providers in Singapore
We all know the frustrations of transferring money abroad, the delays, the rates, the costs and paperwork. However, it doesn’t have to be a pain, with the rise of modern money transfer providers you can transfer funds across borders at the click of a button and with considerable savings! Here at EnjoyCompare, we have made it our goal to highlight smart financial savings and transferring money with these wire transfer providers is worth the comparison, so make an informed comparison and enjoy borderless money transfer.
As relatively new telegraphic transfer company, established in 2015 with $500k in seed funding. Now InstaReM has a network of 8000+ Banks in 55+ countries with a clear and simple fee structure with typical fees varying between 0.25% to 1%. The fees are subject to change and can be reviewed for any given time on the InstaReM currency converter. InstaReM is a licensed service provider with licenses in Australia, Singapore, Hong Kong, Malaysia, India, US, EU and Canada. What makes them different is you can earn bonus InstaPoints when you join and with each bank transfer, these InstaPoints can be redeemed against future transactions.
As a market leader, TransferWise has some impressive experience in the world of money transfers. Boasting over a million customers, who transfer more than $1 billion dollars every month. TransferWise is supported by Richard Branson, PayPal founders Max Levchin and Peter Thiel and now the business employees over 600+ people in over four continents. They offer a simple and intuitive online transfer process, with a simple to use iOS and Android app, accompanied by low real exchange rates and tiny fees. The recently launched borderless account is a marvel of the modern world, it acts as a single global account to send, receive and spend money around the world. With your borderless account, you get instant international bank details to receive money from over 30 countries around the world with zero fees.
That means you’ll get:
- Australian account number and BSB code
- British account number and sort code
- European IBAN
- US account number and routing number
These are your personal details to get paid from the UK, the US, Australia, and any country in the Eurozone, and no-one pays any fees.
Established in 2014, WorldFirst was one of the worlds first money transfer providers. They offer the largest range of transfer routes and some of the best rates in the market. They are authorised by the Financial Conduct Authority (“FCA”) as an Electronic Money Institution under the Electronic Money Regulations 2011.