Can I transfer money to my Singapore bank account?

Transferring Money to Your Singapore Bank Account

Easily transfer funds to your Singapore bank account from a variety of currencies, including British Pounds (GBP). Here’s how it works:

Fees and Costs

Transferring GBP to your Singapore bank account incurs a small, flat fee of GBP 1.03. Additionally, there is a conversion fee of 0.34% of the converted amount. The total cost will be displayed clearly before you complete the transfer.

Process

To initiate a transfer, simply follow these steps:

1. Login to Your Account: Access your online banking portal or mobile app.
2. Select “Transfer Funds”: Navigate to the section that allows you to transfer money.
3. Choose Recipient: Enter the IBAN (International Bank Account Number) of your Singapore bank account as the recipient.
4. Enter Amount and Currency: Specify the amount you wish to transfer and select GBP as the currency.
5. Confirm Details: Review the details carefully to ensure accuracy.
6. Submit Transfer: Click or tap the button to submit the transfer.

Confirmation

Once your transfer is initiated, you will receive a confirmation message or email with the following information:

• Reference number
• Recipient name and IBAN
• Amount transferred
• Total cost of transfer

Processing Time

Transfers to Singapore bank accounts typically take 1-3 business days to be processed. The actual time may vary depending on factors such as weekends and public holidays.

Additional Notes

• The minimum transfer amount may vary depending on your bank.
• Exchange rates may fluctuate, so the total cost of your transfer may differ slightly from the amount displayed before you proceed.
• It is advisable to check with your Singapore bank for any additional fees or charges that may apply on their end.