Frequently Asked Questions

Our fees differ from countries and corridors of transfers. Please use our rate calculator to find out the exact fees for your transaction

Yes, we may be able to offer better rates for amounts of SGD 10,000 and above. Do give us a call at 67348035 to check with us.

Exchange rates shown online are the rates that banks use to trade with other banks for transactions of at least 1 million US dollars. These rates are not always available to us as we are not a bank

We do not place limits on the amount of money that you can send as long as you can provide supporting documents to show the purpose of the transaction, and the source of the funds. There are daily limits imposed by your bank on the amount of money you can transfer to us. If you need to transact a larger amount, kindly contact our office for assistance.

However, if you do not have supporting documents, the maximum amount of money that can be transferred per month is according to the Singapore pass you hold, as follows:

1. Singapore Pink/Blue NRIC : 20,000 SGD
2. S Pass / Employment Pass: 20,000 SGD
3. Work Permit: 10,000 SGD
4. Social Visit: 2,000 SGD

NEW! Set up your E-wallet through our customer portal or apps and Top-Up at 7-11.

Payment can be made by paying cash at our branch, internet banking funds transfer, ATM funds transfer, and cheque.

We can accept PayNow payments using our UEN 200609555W

We strictly do not accept cash deposits directly to our account eg. at the ATM machine or at the bank branch. Cash is only accepted at the Steadfast office.

Please note that for online transfers, the Sender name must match the bank account used to do the transfer otherwise the transaction will be rejected.

We try our best to move your money as quickly as possible. However, how long it takes is also dependent on the following:

1. The country you are sending to
   Each corridor is different. Please click here and select the relevant country to find out the crediting time
2. Method of payment
   Some methods take longer to clear than others. Transactions paid in cash are processed faster than those paid with cheques, which take 2 business days to clear
3. What time you pay
   Did you send before or after the cut-off time for the day?
4. Whether correct and complete transaction information is given
   Incorrect or incomplete transaction details will delay the process. Amendments or refunds will take an even longer time
5. AMLA checks
   Bigger amounts take a longer time to be cleared

Yes, we can assist you to receive funds from the Philippines and Indonesia at minimal charges. We will need supporting documents to show where the funds are coming from.

Such documents include but are not limited to:

• Invoice for supplier payment
• Sales Agreement of overseas property
• Dividends paid by overseas company
• Bank statement

For other countries, give us a call at 6734 8035 during office hours so that we may advise and assist you.

Yes, we will be able to provide you with rates and services based on your company’s needs, after you have registered with us. You can also check the indicative rates on our website.

A batch payment allows you to send many transfers in one go by uploading a batch file. You can combine all payments into a single payment to Steadfast to fund all the transfers in the batch.

This is especially for companies who have to make multiple transactions to multiple beneficiaries such as employees, suppliers or vendors overseas.

For any enquiries, email us at transfer@steadfastmoneytransfer.com and we will link you with a Relationship Manager who will assist you.

Log into the the Steadfast Customer Portal or app using your registered mobile number.

Select “Receivers” to add your beneficiary if it is new.

Select the receiver then key in the amount you want to transfer.

Save the transaction.

Select the method of payment, and follow the instructions.

You can make payment by:
PayNow to
UEN no. 200609555W

Bank Transfer:
Steadfast Money Transfer Pte. Ltd.
DBS Current Account 0149020840

Please note that the Sender name must match the bank account used to do the transfer otherwise the transaction will be rejected.

NEW! Top-up E-wallet
Activate your E-Wallet through the Steadfast Customer Portal or app.

Present the Top-Up QR code at any 7-11 store or Steadfast office and pay using cash. A fee will be charged for ewallet top-up.

Log into the Steadfast Customer Portal or app.

Select “Activity” then “Transactions”. Click on the particular transaction then expand it to see more information and the “Download the receipt” button.

Call us immediately at +65 6734 8035 during office hours so that we can assist you.

It depends on the type of transaction and whether the transfer has been completed. The transfer fee cannot be refunded.

Please first check that you are giving your beneficiary the correct reference number, and that your beneficiary is also picking up the money with the correct reference number. Depending on the payout agent, the reference number may be the Ref No. or in the Remarks.

For Philippine pick-up transactions, M Lhuillier and Cebuana branches tend to run out of cash or go offline during the peak periods (the beginning and the end of the month), especially if the branch is located in the provinces. To avoid such situations, advise your beneficiary not to pick-up money during the peak period, or call the branch in advance before making the trip there.

Steadfast Money Transfer Pte. Ltd. is licensed to operate a money transfer business (PS20200377) and is regulated by the Monetary Authority of Singapore (MAS)

We keep all your information and documents provided confidential as per our Data Protection Notice.

Any enquiries regarding the privacy of your personal or transaction information can be emailed to dpo@steadfastmoneytransfer.com

Steadfast is considered an essential service and will continue operating our office for walk-ins, and our website for online transactions as per usual.

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