What is the cheapest way to send money abroad?

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Find the cheapest international money transfer

Sending 1,000.00 SGD withRecipient gets(Total after fees)Transfer feeExchange rate(1 SGD MYR)
WiseCheapest3,477.15 MYRSave up to 126.22 MYR6.17 SGD3.49874Mid-market rate
Instarem.3,470.46 MYR-6.69 MYR7.50 SGD3.49668
Remitly3,420.22 MYR-56.93 MYR1.99 SGD3.42704
OFX3,399.64 MYR-77.51 MYR0.00 SGD3.39964
UOB3,350.93 MYR-126.22 MYR30.00 SGD3.45457

Best ways to send money internationally

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How to send a cheap money transfer in 3 easy steps

How to make a cheap money transfer internationally

How to make a cheap money transfer internationally

  1. Just tap in how much, and where to.
  2. Then make a local payment to Wise, whether it's with a bank transfer, swift or your debit or credit card.
  3. And that's it.

Wise converts your money at the 'inter-bank' rate – the real rate – so you save big time (even versus the guys saying there's 'zero' commission). On Wise, there's no room for sneaky bank surcharges or creeping hidden charges.

Things to consider to find a truly cheap way to send money abroad

  • Fees

    Many businesses state low fees or even offer consumers fee-free transfers, but most of the expense of sending money abroad is hidden. The bulk of consumer costs can be concealed in poor exchange rates.

  • Exchange rates

    A quick Google search will show you an exchange rate. But if you compare it to the exchange rate offered by banks and traditional money transfer services, you’ll find their rate is often much worse.

  • Transfer time

    Traditional banks and international money remittances often take several working days. Wise is often much faster: a lot of transfers are completed within 1 business day. Many of our transfers are even instant.

Protecting you and your money

Safeguarded with leading banks

We hold your money with established financial institutions, so it's separate from our own accounts and in our normal course of business not accessible to our partners. Read more here.

Extra-secure transactions

We use 2-factor authentication to protect your account and transactions. That means you — and only you — can get to your money.

Data protection

We’re committed to keeping your personal data safe, and we’re transparent in how we collect, process, and store it.

Dedicated anti-fraud team

We work round the clock to keep your account and money protected from even the most sophisticated fraud.

Online scams are on the rise. Learn how to stay safe.

Sending money is cheap with the most international app

Looking for an app to send money with low fees? Sending money is easy with Wise app.

  • Cheaper transfers abroad - free from hidden fees and exchange rate markups.
  • Check exchange rates - see on the app how exchange rates have changed over time.
  • Repeat your previous transfers - save the details, and make your monthly payments easier.
Learn more about the Wise app

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