Remittance with traditional banks is expensive and difficult to understand, with many hidden fees and uncertain delivery times. RemitSend is not your traditional remittance partner.
RemitSend offers flat rates with no hidden costs and a remittance subscription for even deeper discounts versus traditional banks.
| Charges |
Charges as applied by Traditional Banks |
With RemitSend |
| Handling & Commission Charges |
Up to 1/8% of S$ equivalent of remittance amount (up to S$120) per transaction |
Flat fee of S$8.90/ transaction2 |
| Cable & Telex Charges |
Up to S$35 per transaction |
| Beneficiary or Agent Bank Charges1 |
Hidden before remittance is sent |
| FX Rates |
Hidden spread in the quoted rate |
Zero spread |
| Other Charges for Remittances |
| Transaction Tracking Charges |
Up to S$20 per transaction, plus extra charges |
FREE |
| Amendment Charges (on best effort basis) |
Up to S$30 per transaction, plus extra charges |
FREE |
| Cancellation or Stop Payment Charges (on best effort basis) |
Up to S$35 per transaction, plus extra charges |
FREE |
1) Beneficiary or Agent Bank Charges are applied as the remittance is transferred through the global bank networks. These fees are rarely known before the remittance is sent and can deduct a substantial portion of your remittance before it reaches your beneficiary.
2) RemitSend is a modern way to send money, with a fixed price per transaction and no hidden costs, unlike traditional banks or other providers. For frequent remitters, we have an innovative subscription plan with even deeper discounts on each remittance versus traditional banks.
