If you're a POSB account holder, you may be seeking easy ways to send wire payments domestically or internationally. Take a look at this guide to learn about transfer time, fees, limits and more!
You have the option to make a domestic wire transfer online, via mobile banking service or by personally visiting your preferred branch. If you prefer the latter, make sure to set an appointment with a specialist.
| Type of wire transfer | Fee |
|---|---|
| Incoming domestic wire | Not Specified |
| Outcoming domestic wire | Not Specified |
| Type of wire transfer | Fee |
|---|---|
| Incoming International Wire | Up to S$10, depending on account type |
| Outgoing International Wire | May vary depending on destination country and transfer amount |
Send money to over 60 countries hassle-free. Make every dollar count with our unbeatable exchange rates and low fees. Simply enter your amount and destination in our currency calculator to see our rates in real time. No hidden charges, just great savings!
Making your first transfer?
Get a special FX rate on your transfer! Send between USD 1 and USD 3,000 today.
POSB has wire transfer limits on outgoing wire transfers through its online banking system, particularly:
| Type of transfer | Limit |
|---|---|
| Daily Minimum Limit | Not Specified |
| Daily Maximum Limit | SGD 200,000 |
Keep in mind that POSB imposes a strict cut-off time for both domestic and international wire transfers. Make wire transfers before this designated time to ensure timely processing!
| Type of wire transfer | Cut-Off time |
|---|---|
| Domestic wire transfer | Not Specified |
| International wire transfer | May vary depending on the market/region |
Save on FX fees and get better exchange rates with Instarem.
Australia
Bangladesh
Bhutan
China
Hong Kong
India
Indonesia
Japan
Malaysia
Mauritius
Nepal
New Zealand
Pakistan
Philippines
Saudi Arabia
Singapore
South Korea
Sri Lanka
Thailand
United Arab Emirates
Vietnam
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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The information provided in this guide is intended for general informational purposes only. While every effort has been made to ensure the accuracy of the information, banking policies and fees may be subject to change. Users are strongly advised to verify specific details and consult with their banks should they have any questions or concerns.
Instarem assumes no responsibility for any errors or omissions in this guide, or for any actions taken based on the information provided herein.
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