🏴→🇸🇬
Send Money from Scotland to Singapore
Scottish businesses and exporters paying Singapore suppliers. Send GBP from Scotland, receive SGD in Singapore with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local SGD delivery = no correspondent bank fees
Save £2,025 per £100k Payment
Scotland to Singapore corridor savings
Traditional Bank
£2,530
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local GBP collection
- ✓ Transparent 0.5% spread
- ✓ PayNow Corporate
Your Savings
80%
£2,025 per £100k
At £300k-£3M monthly, save £5,068/year
Sending from Scotland: What You Need to Know
GBP Origin Specifics
- Scotland uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
Paying Suppliers in Singapore: Compliance & Requirements
Regulatory Considerations
- MAS (Monetary Authority of Singapore) oversight
- GST (9%) documentation required
- UEN (Unique Entity Number) mandatory for all businesses
- Strict AML/CTF compliance (FATF Tier 1)
Payment Best Practices
- Singapore = Asia's financial and tech hub, extremely efficient
- PayNow Corporate enables instant SGD payments without SWIFT fees
- English-speaking, business-friendly environment
- Strategic location for Southeast Asia supply chains
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via PayNow Corporate
Scotland → Singapore Corridor Insights
Popular Industries
- Electronics
- Petrochemicals
- Finance
Peak Trading Hours
01:00-09:00 GMT (Asia business hours)
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send GBP from Scotland to Singapore?
Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB