Sending country · World Bank RPW · SG
Send money from Singapore
Outbound average cost sits in the lower fleet tercile at 4.1% across 9 destination corridors - a cheaper send market than most RPW peers.
- 4.1%
- Avg outbound cost
- 0.5%
- Cheapest · to India
- 9
- Destination corridors
Outbound-cost tercile vs fleet
Singapore posts a 4.1% average outbound cost, below the fleet lower tercile (~5.5%) - across 9 destination corridors. Cheapest tracked floor: 0.5% to India.
- #9 of 49
- cost corpus rank (cheapest=#1)
- 4.1%
- average outbound cost
- 0.5%
- cheapest destination: India
- 9
- destination corridors tracked
Outbound cost bands from Singapore
9 destination corridors counted once by recorded average cost on a $200 send. The four bands sum to 9.
NEAR Near-target 3–5% lane · country average 4.1%
Cheapest Corridors from Singapore
All Corridors from Singapore
| # | To | Avg cost | Cheapest | Cheapest provider |
|---|---|---|---|---|
| 1 | India | 2.9% | 0.5% | State Bank of India |
| 2 | Philippines | 3.2% | 0.8% | InstaReM |
| 3 | Indonesia | 3.2% | 0.6% | InstaReM |
| 4 | Pakistan | 3.3% | 1.3% | Wise |
| 5 | Sri Lanka | 3.9% | 0.9% | InstaReM |
| 6 | Thailand | 4.5% | 1.0% | InstaReM |
| 7 | Malaysia | 4.6% | 0.7% | Wise |
| 8 | China | 5.1% | 1.1% | DBS Remit |
| 9 | Bangladesh | 6.5% | 3.4% | NBL Money Transfer |
Low outbound cost from Singapore
World Bank RPW tracks 9 outbound corridors from Singapore at an average 4.14% - below the fleet lower tercile (~5.5%). That places Singapore among cheaper send markets on the panel, 2.3 pp under the ~6.4% global average.
The three cheapest outbound corridors from Singapore right now are India at 0.50% via State Bank of India, Indonesia at 0.56% via InstaReM, Malaysia at 0.65% via Wise. These are floor prices on a $200 transfer from Singapore, fee plus FX margin.
For a sender in Singapore, compare the cheapest provider on the specific corridor rather than defaulting to a household brand.
About Singapore outbound data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This country's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer. The UN Sustainable Development Goal 10.c target is to reduce remittance transaction costs to below 3% by 2030; always verify current rates directly with providers before sending money, rates change frequently.
Average outbound cost 4.14%; 9 destination corridors tracked from Singapore; vintage 2026-08-10.
Frequently Asked Questions
How much money does Singapore send in remittances each year?
Singapore has no positive WDI total_outflow in this build; RPW still quotes 9 outbound corridors at 4.14% average cost.
What are the cheapest countries to send money to from Singapore?
On World Bank RPW $200 sends, the cheapest outbound floors from Singapore are to India, Indonesia, Malaysia, as low as 0.50%. Country average outbound cost is 4.14% (lower fleet tercile).
How have remittance costs from Singapore changed over time?
Singapore's current average outbound cost is 4.14%, below the fleet lower tercile (~5.5%) and 2.3 pp under the ~6.4% global RPW average. RPW has tracked this send market since 2011.
How do I compare money transfer services?
To compare money transfer services from Singapore, look at three factors: (1) total cost as a percentage of your transfer amount, including both the service fee and exchange rate margin, (2) delivery speed, and (3) payment and payout methods available in your destination country. World Bank RPW data, used here, standardizes costs as a percentage of a $200 transfer. Always verify current rates directly with providers before sending.
Where does Singapore sit among remittance-sending countries?
Among 49 tracked sending countries on PlainRemit with World Bank RPW cost data, Singapore ranks #9 of 49 by average outbound transfer cost (cheapest = #1). /send-from browses alphabetically; this cost ordinal is the analytical placement basis.