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CurrencyFair Money Transfer Review: Great Choice for Sending Money to India

Individuals seeking to transfer to the widest range of currencies

CurrencyFair Money Transfer Review: Great Choice for Sending Money to India

Individuals seeking to transfer to the widest range of currencies

3.8/5.0

ValueChampion Rating ValueChampion Icon

Pros

  • Same day transfers to India without administrative fees.

Cons

  • Individuals seeking fast and affordable funds transfers to India

CurrencyFair is the best platform for same day transfers from Singapore to India. The platform does not charge users an administrative fee for these transfers, making them both efficient and affordable. While CurrencyFair doesn't give users access to the widest number of currencies, it's an excellent option for remitting funds from Singapore to India.

Summary of CurrencyFair's Money Transfer Service
Excellent SGD/INR Transfers: No-Fee, Same Day Transfers
Track Record: Transfers Exceeding S$300 million
Transfer SGD to 19 Different Currencies

Table of Contents:

What Makes CurrencyFair Stand Out to Consumers?

CurrencyFair is the only platform in our review to offer no-fee, 1 day transfers from Singapore (SGD) to India (INR). This makes it an excellent option for Indian Citizens living in Singapore or anyone else that needs to transfer funds between the countries. Unfortunately for CurrencyFair users, the platform does not currently transfer INR back to SGD.

CurrencyFair Remittance Service Details
Minimum TransferN/A
Maximum TransferS$200,000
Transfer Feeapproximately S$4.70 (€3)
Transfer Speed1-2 days
Currencies20

Additionally, not all of CurrencyFair's transfers are no-fee, and the money transfer service does not guarantee same day transfers to all other currencies. Finally, CurrencyFair has a somewhat limited number of currency offerings compared to its competitors. Still, if you need to transfer funds to India quickly, CurrencyFair is likely your best bet.

How to Register for CurrencyFair: Sign-Up Process"

Consider this if you want to send money to India, quickly
  • Service Fee
    • 0.45%
    • Government Licence
      • MAS - Major Payment Institution
      • Maximum Transfer
        • S$200,000
        • Currencies
          • 20
          • Transfer Speed
            • 1-2 days

            The registration process is usually very simple with CurrencyFair. Most users are able to sign up for CurrencyFair in minutes online by entering their personal information. In some cases, CurrencyFair requires additional proof of identification and location.

            CurrencyFair SGD Pairs

            • SGD/AED
            • SGD/AUD
            • SGD/CAD
            • SGD/CHF
            • SGD/CZK
            • SGD/DKK
            • SGD/EUR
            • SGD/GBP
            • SGD/HKD
            • SGD/HUF
            • SGD/ILS
            • SGD/INR
            • SGD/NOK
            • SGD/NZD
            • SGD/PLN
            • SGD/SEK
            • SGD/THB
            • SGD/USD
            • SGD/ZAR
            William Hofmann

            William is a Product Manager at ValueChampion Singapore, helping consumers and SMEs find the best banking products through comprehensive analysis of data. He previously was an Economic Consultant at Industrial Economics Inc, where he conducted a variety of research and economic analyses. He graduated from University of Vermont with degrees in Economics and Psychology. His work has been featured on a variety of major media such as the Straits Times, the Business Times, the Edge, DailySocial, the Entrepreneur and more.