5 Best Remittance Apps in Singapore (2026) — Wise, Instarem, YouTrip & More

The market reference for transparent, low-cost international transfers. Wise charges a small flat fee plus a tiny percentage (typically 0.4-0.6%) and uses the real mid-market exchange rate — the same rate you'd see on Google. For SGD to USD, EUR, GBP, AUD, and JPY, Wise is consistently the cheapest option for transfers above S$500. The Wise multi-currency account also lets you hold 40+ currencies, get local bank details in 9 currencies (great for freelancers paid in USD/GBP/EUR), and spend abroad with the Wise debit card. Only weakness: not always the best for South/Southeast Asian corridors.

Singapore-headquartered remittance specialist that has the strongest pricing on Asian corridors — particularly SGD to INR (India), PHP (Philippines), IDR (Indonesia), and MYR (Malaysia). Instarem advertises 'zero fees' on most transfers but does take a slightly wider FX spread than Wise (around 0.5-0.8%). The trade-off works out cheaper for South/SE Asia transfers and roughly equivalent for major-currency transfers. The InstaPoints loyalty programme also rewards repeat senders with progressively better rates. The Singapore-based customer support is a meaningful advantage for users sending money home for family.

Strictly speaking a multi-currency travel wallet rather than a remittance specialist, but it has become Singaporeans' go-to for sub-S$5,000 transfers and overseas spending. YouTrip uses Mastercard's wholesale FX rate (very close to mid-market) and charges no foreign-transaction fees on card spending. For person-to-person transfers within YouTrip's user base, transfers are instant and free. For bank-out remittances overseas, YouTrip launched Wise-powered transfers in 2024 that match Wise's pricing. Best as the casual / travel-spending companion alongside a dedicated remittance app for big transfers.

The European challenger that's gained a meaningful Singapore foothold since launching here in 2019. Revolut shines for users who want everything in one app — multi-currency wallet, stock trading, crypto, savings vault, and remittance — and has aggressive interbank rates within the free Standard plan limits (currently S$9,000/month). Beyond that, FX markups apply, and the paid Premium tier (~S$9.99/month) lifts the limits. For frequent SGD-to-EUR or GBP transfers and travel spending, Revolut competes head-to-head with Wise. For pure remittance only, Wise is simpler.

US-based remittance specialist with very strong pricing on the most-used SE Asian corridors — particularly SGD to PHP and IDR — and an unusual two-speed pricing model. The 'Express' option gets money to the recipient in minutes for a slightly higher fee, while the 'Economy' option is free or near-free for transfers that arrive in 3-5 business days. For Filipino and Indonesian domestic helpers and workers in Singapore sending money home, Remitly Economy is often the cheapest legal route — meaningfully below traditional money-transfer agents. Cash pickup is also supported in many corridors, which Wise and Instarem typically don't offer.