Question 1

What's the best way to send money to Turkey from Singapore?

Accepted Answer

With the global remittance market booming, there are so many choices for Singapore Dollar to TRY money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Turkey from Singapore. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final TRY amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best rate to transfer money to Turkey from Singapore?

Accepted Answer

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Turkey from Singapore.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your SGD to Turkish Lira remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for SGD to TRY remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.

Question 3

What's the cheapest way to send money from Singapore to Turkey?

Accepted Answer

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Singapore to Turkey via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Singapore Dollar to Turkish Lira remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Singapore to Turkey exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for SGD to TRY remittances.

Question 4

Should I use my bank to transfer money from Singapore to Turkey?

Accepted Answer

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low SGD to TRY exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Singapore to Turkey money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Turkey from Singapore. They do this by letting you fund your transaction through your local bank account in Singapore, and by allowing you to choose the payout to be your recipient's bank account in Turkey. But, you are likely to get much better rates and lower fees compared to your bank.

Question 5

What is the fastest way to do a money transfer to Turkey from Singapore?

Accepted Answer

The speed of your Singapore Dollar to Turkish Lira funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert SGD to TRY. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Turkey from Singapore is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Turkey if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout TRY into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Singapore bank to Turkey bank transfer.

Question 6

Which are the best money transfer companies to transfer money from Singapore to Turkey?

Accepted Answer

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Singapore to Turkey, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Singapore Dollar to Turkish Lira exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your TRY money transfers to Turkey. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Turkey getting more money for every Singapore Dollar you send.

Question 7

Step by step guide to send money to Turkey from Singapore

Accepted Answer

There are many important aspects of Singapore to Turkey remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Singapore bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include TRY bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
Step 4 - Provision recipient details including name and address.
Step 5 - Decide how much Singapore Dollar amount you want to send from Singapore.
Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Turkey to validate that they get the money once the transaction clears.

1 SGD	34.61 TRY
5 SGD	173.03 TRY
10 SGD	346.06 TRY
25 SGD	865.14 TRY
50 SGD	1,730.28 TRY
100 SGD	3,460.57 TRY
150 SGD	5,190.86 TRY
200 SGD	6,921.14 TRY
250 SGD	8,651.43 TRY
300 SGD	10,381.71 TRY
400 SGD	13,842.28 TRY
500 SGD	17,302.85 TRY
600 SGD	20,763.42 TRY
700 SGD	24,223.99 TRY
800 SGD	27,684.56 TRY
1000 SGD	34,605.70 TRY
1500 SGD	51,908.55 TRY
2000 SGD	69,211.40 TRY
2500 SGD	86,514.25 TRY
3000 SGD	103,817.10 TRY
4000 SGD	138,422.80 TRY
5000 SGD	173,028.50 TRY
10000 SGD	346,057.00 TRY
15000 SGD	519,085.50 TRY
20000 SGD	692,114.00 TRY
30000 SGD	1,038,171.00 TRY
40000 SGD	1,384,228.00 TRY
50000 SGD	1,730,285.00 TRY
100000 SGD	3,460,570.00 TRY

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