Our fees are changing on transfers from USD to SGD.

29.01.18
1 minute read

We have some news. Our fees are changing on transfers from USD to SGD.

Here’s how much your transfers will now cost, depending on the amount you send:

Amount Old fee New fee Difference Payment method
$100 $3.00 $2.70 $0.30 cheaper Direct Debit
$250 $3.00 $3.90 $0.90 more Direct Debit
$500 $5.00 $5.70 $0.70 more Direct Debit
$750 $7.50 $7.60 $0.10 more Direct Debit
$1,000 $10.00 $9.50 $0.50 cheaper Direct Debit
$2,500 $25.00 $20.70 $4.30 cheaper Direct Debit
$5,000 $50.00 $39.50 $10.50 cheaper Direct Debit
$10,000 $85.00 $62.00 $23.00 cheaper Wire
$25,000 $190.00 $152.00 $38.00 cheaper Wire
$50,000 $365.00 $302.00 $63.00 cheaper Wire

The fee used to be 1% on amounts up to $5,000, and 0.7% on any remaining amount over $5,000.

The new pricing will be:

  • $2.00 + 0.75% for direct debit and debit cards,
  • $2.00 + 0.60% for wire transfers (note that your bank is likely to charge you $25-50, on top of our fees, for wires),
  • $2.00 + 2.45% for credit cards.

Borderless pricing

There are new prices for topping up your borderless account and converting from USD to SGD too. It now costs 0.60% to convert your dollars and S$1.80 to withdraw them into another bank account. To top up your borderless account, the fees are now:

  • 0.15% for direct debit or debit card,
  • 1.85% for credit cards,
  • Free for bank transfers.

You can read more about why we've made this change here.

TransferWise is the smart, new way to send money abroad.

Find out more