Because banks shouldn't hide your money in spreads.
We expose the real cost of every transfer — the spread, the fees, the delivery time — and rank providers by what actually lands in your recipient's account. No sponsored ordering. Ever.
Sending $1,000 to Thailand
Hover any card to see exactly what it costs you.
7-Day Exchange Rate History
vs Traditional Banks
You save up to $75
on a SGD 1,000 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Sending SGD to THB is one of Asia's most competitive transfer corridors, with digital providers consistently beating banks by 3–8% on exchange rates. This guide walks you through how to avoid hidden fees, choose the right speed, and use Thailand's PromptPay system to land funds in seconds.
Our verdict: Skip your Singapore bank and use a digital provider with PromptPay payout — you will save 3–8% on the rate and your recipient gets the money in minutes.
Step 1: Understand the SGD to THB Corridor
Before you transfer a single dollar, get clear on who uses this route and why. Singapore-to-Thailand transfers are dominated by three groups: expats supporting family or paying property costs, retirees funding their long-stay visa accounts in Chiang Mai or Hua Hin, and business owners settling supplier invoices. The corridor is high-volume and competitive, which works in your favor — providers fight for customers with tighter exchange rates and faster delivery. Knowing your sender profile helps you pick the right tool: a one-off SGD 5,000 transfer has different priorities than a recurring SGD 800 monthly remittance.
Step 2: Spot the Hidden Fees Before You Pay
The biggest mistake first-timers make is staring at the flat fee while ignoring the exchange rate markup. Banks often advertise "low fees" of SGD 10–20, then quietly bake a 3–5% margin into the rate itself. Always do this check before sending:
- Look up the mid-market rate on Google or XE.com for SGD to THB.
- Compare it to the rate the provider is offering you at checkout.
- Calculate the gap as a percentage — that is your true cost on top of any flat fee.
- Add the flat fee and the markup together to get the real total.
If the combined cost exceeds 1.5%, you can do better elsewhere.
Step 3: Choose a Digital Provider Over Your Bank
Once you have run the math, you will quickly see why digital providers like Wise, Remitly, Revolut, and WorldRemit consistently beat traditional banks by 3–8% on the exchange rate alone. DBS, OCBC, and UOB are convenient if you already bank with them, but they apply telegraphic transfer fees plus a hefty FX spread. For a SGD 2,000 transfer, that gap can mean THB 1,500–4,000 more landing in the recipient's account when you go digital. Open an account with one or two providers ahead of time so you are ready to move when the rate looks good. Standard banking regulations apply for sending from Singapore to Thailand, so verification is straightforward — you will need your NRIC or passport and proof of address.
Step 4: Pick the Right Speed for the Job
Most providers now offer two delivery tiers. Use instant transfers (under 1 hour, sometimes seconds) when paying urgent bills, hospital deposits, or rent — expect to pay a small premium. Use economy transfers (1–2 business days) for non-urgent transfers like savings top-ups or recurring family support; these are usually 30–50% cheaper. A handy shortcut for instant delivery is Thailand's PromptPay system, which links Thai ID numbers or mobile phone numbers to bank accounts, enabling real-time credit from international transfers without needing a full account number. Most digital providers now support PromptPay payouts, so ask your recipient for their PromptPay ID before you start.
Step 5: Confirm the Receiving Bank Details
If you are not using PromptPay, you will need the recipient's bank name, account number, and account holder name in Latin characters. The two largest receiving banks in Thailand are Bangkok Bank and Kasikorn Bank (KBank), and most digital providers can deliver directly to accounts at these banks within minutes. Smaller banks like SCB, Krungsri, and TMBThanachart are also widely supported. Double-check the spelling of the recipient's name — Thai banks reject mismatched transfers, and recovery can take a week.
Step 6: Time Your Transfer Smartly
Rate-watching pays off on this corridor. Follow these practical tips:
- Transfer mid-week (Tuesday to Thursday) when FX markets are most liquid and spreads tighten.
- Avoid weekends and Singapore or Thai public holidays — rates lock at Friday's close and you lose flexibility.
- Set rate alerts on Wise or Revolut so you are notified when SGD/THB hits your target.
- For amounts above SGD 10,000, contact the provider directly — many offer better rates for larger tickets.
- Consider splitting large transfers into two batches if the rate is volatile, to average out your cost.
Step 7: Keep Records and Track Delivery
After sending, save the confirmation email and transaction reference. Most providers offer real-time tracking — check the app to confirm delivery, then ask your recipient to verify the credit appeared correctly. If anything looks off, contact support within 24 hours, when reversals are easiest.
Frequently Asked Questions
What is the best SGD to THB exchange rate?
The best rates come from digital providers like Wise and Revolut, which charge close to the mid-market rate plus a transparent fee. Compare their live rate against Google's mid-market rate to confirm the markup is under 1%.
How long does it take to send money from Singapore to Thailand?
Instant transfers using PromptPay or direct deposits to Bangkok Bank or KBank typically arrive in seconds to one hour. Economy transfers take 1–2 business days but cost 30–50% less in fees.
What are the fees for sending money from Singapore to Thailand?
Digital providers charge a flat fee of SGD 1–5 plus an exchange rate markup of 0.4–1%. Traditional banks add a SGD 10–30 telegraphic transfer fee on top of a 3–5% FX spread, making them significantly more expensive.
Is it safe to use online money transfer services?
Yes — providers like Wise, Remitly, Revolut, and WorldRemit are licensed by the Monetary Authority of Singapore and use bank-grade encryption. Always verify the provider's MAS license number and enable two-factor authentication on your account.