In this digital era, money transfer using various apps and websites is a widely used method as they offer money transfer services via banks or remittance platforms. You use these platforms to send money overseas or pay your regular bills. In Singapore, also there are many remittance platforms that you can use for money transfers. The platforms which are licenced and regulated by the Monetary Authority of Singapore offer secure money transactions services. So, if you are looking for safer remittance services singapore, then you are at the right place.
We have listed some of the remittance services below.
List of best remittance services in Singapore
They allow money transfer to 80 countries to bank accounts. There is no minimum limit on transaction amount, but the maximum amount depends on the currency you are doing the transaction or the recipient country.
They charge small fees of up to 0.35% of transactions which may vary according to the recipient country.
They offer money transactions worldwide to bank a/c, mobile wallets, or cash. They have a transaction limit of S$1000 daily, S$3000 weekly, or S$6000 monthly.
Fees: Vary depending on the recipient bank locations.
They offer various rewards on the transaction, and transfer allows in bank accounts only. There is no limit on the minimum amount of transactions but the limit of the maximum amount depends on the recipient currency.
Charges: It can be varied depending on the monetary policy of location you are sending money to, but they charge around 0.25% to 1%.
So, these are some remittance platforms in Singapore regulated by the Monetary Authority of Singapore, which means safe and secure transactions.