Please appreciate that there may be other options available to you than the products, providers or services covered by our service. product providerWe cannot provide you with personal advice or recommendations are independent, we may receive compensation from our partners for featured placement of their products or services. When she’s not busy typing away, she’s reading and musing over a pint.We endeavor to ensure that the information on this site is current and accurate They also tend to charge lower fees and will sometimes even waive their fees on large transfers.So if you want to find the most affordable way to transfer money overseas from your bank account, Yes, you can send money online to a person’s bank account through Western Union.

But with great power comes great responsibility, and it’s important to make sure you’re not breaking any laws or falling foul of any government agencies when you send money overseas.From monitoring systems preventing global crime to the potential tax implications of moving money across international borders, there are a few important rules and regulations you should be aware of In recent years, governments around the world have started cracking down on global remittance services being used to fund criminal activities, most notably terrorism. We may receive compensation from our partners for placement of their products or services. When making a transfer with MoneyGram, after you select the receiver and enter their full name and country, simply select ‘Account Deposit’ as the receive option.There are several factors you need to consider when choosing a company to handle your next international money transfer, including:It’s easy to transfer money overseas from a bank account, but it’s important to compare your options first to ensure that you get the best value for your money.Read our review of Remitly to discover why this fast, competitive option may be the best choice for your next international money transfer.

We may receive compensation from our partners for placement of their products or services. If you want to use chargeback to get your money back after a scam, this letter template could help. Zyane Tan is an associate editor at Finder. Forex currency pairs and why you should (or shouldn’t) trade them. When sending money overseas, you need to make sure you’re fully aware of any tax you may have to pay or declarations you need to make to the Inland Revenue Authority of Singapore (IRAS) as a result. Send 35+ currencies at competitive rates and no fees. Zyane Tan finder.com is a financial comparison and information service, not a bank or If you are unsure you should get independent 3 I used a bank transfer. Failure to comply may result in your transaction request being rejected.If you’re sending or receiving a transfer on behalf of a business or company, you may need to provide details of your employment. The exact process varies depending on the financial institution you are sending the money from, but you will generally have to complete the following steps:Once you’ve submitted your transfer request, it usually takes between two and five business days for the transaction to be completed.If the price is the most important consideration when you’re transferring money overseas from your bank account, in the vast majority of cases the cheapest way to send money is via a specialist online transfer company. You will need to provide specific information about your recipient’s bank account to complete the transfer. Some banks allow you to do this via online banking account, however, some still require you do this in your local branch. You may be asked to provide personal information, for example, your NRIC, as evidence of the person completing the transaction.

While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. From inter-bank transfers to specialist online money transfer companies and even PayPal, you’re spoiled for choice However, differences in exchange rates and transaction fees can have a huge impact on the affordability of your transfer, so it’s important to compare your price options and shop around for the best deal.We update our data regularly, but information can change between updates. certain links posted on our site.Optional, only if you want us to follow up with you.Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.

Forex currency pairs and why you should (or shouldn’t) trade them. In some cases, you may be asked to supply information such as the business name, unique entity number (UEN) and/or the registered business address.If you’re performing the transaction on behalf of another person who holds the account, the bank or transfer provider may already have all the necessary information about the account holder.Any information you provide as part of this requirement will be handled by the transfer provider in accordance with the Personal Data Protection Act 2012 (However, some countries are not available as transfer destinations because there are diplomatic sanctions in place that make it illegal to transfer money to those countries from Singapore. Finder is committed to editorial independence. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. Confirm the total cost with the provider before transferring money. but you should confirm any information with the product or service provider and You can send a transfer from your Singapore bank account to an international bank account via your financial institution’s online or mobile banking portal. read the information they can provide. If you’re in any doubt about how sending money overseas could affect your tax bill, speak to your accountant as soon as possible.When receiving an international money transfer, the source of the funds will need to be taken into account when considering tax implications. of their products or services.