SingX is an international money transfer (IMT) service that started in 2014 in Singapore but has since expanded operations to Hong Kong and Australia. Founded by a group of former bankers, SingX aims to shake things up in the payments space by focusing on cheaper, faster and more convenient remittances for individuals and businesses.
Here in Australia, SingX is authorised and regulated by ASIC and AUSTRAC, offering competitive money transfers through its wholly owned subsidiary, SingX Australia Pty Ltd.
Rates and fees verified as correct at 20 October, 2020. Other information correct at the time of writing.
With SingX, you can send money from Australia to over 30 countries in more than 15 different currencies. At Mozo, we can help you compare today’s exchange rates with SingX for a range of currencies. Just scroll to the table below, type in your transfer amount and select where you’re sending your money - and our nifty tool will give you an instant result.
|Currency||At today's SingX Rate, 1 AUD buys*||For 10,000 AUD recipient will get|
|United States Dollars (USD) USD||USD 0.6993||USD 6,993||Go to site |
|Euros (EUR) EUR||EUR 0.5918||EUR 5,918||Go to site |
|Great Britain Pounds (GBP) GBP||GBP 0.5402||GBP 5,402||Go to site |
|Canadian Dollars (CAD) CAD||CAD 0.9221||CAD 9,221||Go to site |
|Hong Kong Dollars (HKD) HKD||HKD 5.4226||HKD 54,226||Go to site |
|Indian Rupee (INR) INR||INR 51.6244||INR 516,244||Go to site |
|Indonesian Rupiah (IDR) IDR||IDR 10293.0463||IDR 102,930,463||Go to site |
|Japanese Yen (JPY) JPY||JPY 74.2603||JPY 742,603||Go to site |
|Malaysian Ringgit (MYR) MYR||MYR 2.9149||MYR 29,149||Go to site |
|New Zealand Dollars (NZD) NZD||NZD 1.0168||NZD 10,168||Go to site |
|Philippine Peso (PHP) PHP||PHP 34.1319||PHP 341,319||Go to site |
|Singapore Dollars (SGD) SGD||SGD 0.9494||SGD 9,494||Go to site |
|Sri Lankan Rupee (LKR) LKR||LKR 129.6292||LKR 1,296,292||Go to site |
|South African Rand (ZAR) ZAR||ZAR 11.6075||ZAR 116,075||Go to site |
|Thai Baht (THB) THB||THB 22.0023||THB 220,023||Go to site |
When sending money overseas with SingX, there are a few key details to keep in mind:
It can be tricky navigating the world of IMT, but the good news is, SingX offers a range of nifty features that can help with your money transfer, whether you’re making a single transaction overseas or setting up monthly payments to suppliers abroad.
|Recurring transfersRecurring transfers|
Paying bills to contractors overseas? If you’re looking to transfer funds to the same recipients on a regular basis, SingX can help. While SingX doesn’t accept standing orders, it does store all the bank account information of previous receivers. So if you wish to send money to the same recipient, there’s no need to re-enter any of those details. Instead, the process is as easy as pressing the ‘Re-book’ button next to an old transaction, checking the exchange rate and confirming the transfer.
|Multiple accounts in one Multiple accounts in one|
SingX makes it possible for customers to send money from more than one bank account. You can add as many bank accounts as you’d like to your SingX account, as long as they are all under your name.
|Rate alerts Rate alerts|
To help you stay on top of your target currency and take advantage of favourable exchange rates, SingX offers two types of rate alerts: one when the rate hits your target value, and another when the rate is at a two-week high. Registered users can choose to receive alerts via both email and SMS, and they can set a maximum of one rate alert for each currency pair.
When it comes to picking a money transfer provider, you’ll find yourself spoiled for choice. But here are some of the reasons why SingX is worth considering:
Just beware that:
Visit SingX websiteGo to site
Signing up with SingX is free and done through the website. Your personal account will be activated instantly once you’ve provided personal details (e.g. name, date of birth, address) and two identification documents (driver’s licence, medicare number or passport) for verification purposes. For businesses, it’ll take about one working day before your account is activated.
As for sending money overseas with SingX, it takes just three easy steps after signing in: