Making remittance/foreign currency payments around the world

You can now make payments anytime in more than 16 countries in 16 currencies with us. It’s convenient, efficient and cost effective.

Convenience : One-stop-shop services to send money in many currencies

Efficiency : Choose either USD or SGD to remit money in other foreign currencies

Speed : Timely and efficient money transfer within 3 working days

Cost Effective : Competitive foreign exchange rates, low remittance fees

Making remittance/foreign currency payments around the world

For Retail Customers

• Tuition and living expenses to overseas students
• Scholarships or stipends to students studying abroad
• Insurance claims payments
• Worker remittance payments
• Other remittances

Inward Remittance

Inward Remittance Instruction Factsheet

For Wholesale / Corporate Customers

• Vendor or supplier payments
• Trade-related payments
• Expatriate Payroll
• Pension disbursements to pensioners living abroad
• Tax collection and refund payments
• Other remittances

You can visit any of our Branches for your Global Remittance Services. This service is not available online.

Terms and Conditions for Global Remittance Product

• Before remitting funds, please check with SBI for the full list of Currencies, Banks and Countries where you can remit via Global Remittance Service.
• Global Remittance Service is available only on weekdays till 4.30pm (excluding public holidays)
• For fees/charges, please refer to schedule of charges or contact our Branch Staff/Relationship Managers at your nearest SBI Branch.
• Maximum limit per remittance is USD 1 million (please contact Branch Manager if the amount is more than USD 1 million).
• Remittance to certain countries may take up to 3 working days.
• Remittance can be made by debit to operative SGD/USD account for existing bank account holders. Relevant charges will apply.
• Forex rates can be obtained from dealer through Relationship Manager/branches.
• While remittance is being offered in 16 listed currencies, please contact Relationship Manager/Branch Manager for remittances in any other currency. Bank reserves the right to withdraw/suspend any of the currencies offered in the remittance list without prior notice.
• The Bank is not responsible for losses incurred due to Forex rate movement in case of return of funds for any reason whatsoever. No additional penalty will apply.
• Credit to the beneficiary’s account sometimes may be delayed due to various factors including incorrect/incomplete payment details, submission of payment instructions after cut-off time, ability of beneficiary bank to process incoming funds in a timely manner, local currency regulations requiring beneficiary to provide supporting documents and holidays/non-working days in respective countries.
• The Bank reserves its rights to refuse to accept any application or transaction without assigning any reason.