🇬🇧→🇸🇬

Send Money from United Kingdom to Singapore

Businesses in United Kingdom paying Singapore suppliers for Electronics. Send GBP from United Kingdom, 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

United Kingdom 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 United Kingdom: What You Need to Know

GBP Origin Specifics

GBP free-floating 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

United Kingdom → 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.

Frequently Asked Questions: GBP-SGD Payments

How fast are GBP-SGD payments?

GBP-SGD payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.

What does a GBP-SGD transfer cost?

Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for GBP-SGD transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.

What exchange rate do I get for GBP-SGD?

You get real-time wholesale GBP-SGD exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.

Can I lock the GBP-SGD rate in advance?

Yes, forward contracts are available for GBP-SGD payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.

What details do I need for GBP-SGD payments?

Beneficiary details vary by destination. For Singapore payments, you typically need the recipient's local account details (PayNow Corporate), account number, and beneficiary name. Some destinations may also require local clearing codes.

Ready to Send GBP from United Kingdom to Singapore?

Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.

Open Account View Singapore Details

Bank of Canada registered PSP | FINTRAC licensed MSB