Some common questions asked by people sending money with CurrencyFair
How long will it take for singapore dollars to reach my CurrencyFair
Instantly send in up to S$200,000 by FAST to your CurrencyFair account. Amounts in excess of S$200,000 received before 17:00 (GMT+8) are sent by Telegraphic Transfer. Find out more about our
Is my money safe?
Yes. CurrencyFair is fully regulated by the Monetary Authority of Singapore (MAS) under the Money-Changing and Remittance Businesses Act (Cap. 187), meaning your money is in safe hands.
How can I Top Up my CurrencyFair account?
All customers can top up a CurrencyFair account by bank transfer. Additionally customers with Irish debit cards can make debit card payments, while Australian residents can use BPAY to top up their account.
Do I need to verify my account?
As a fully regulated financial services business, we are required to verify the identity of all our customers. Customers resident in Singapore must be verified in person as part of the account application process. We require photo identification and a proof of address.
CurrencyFair (Singapore) Pte Ltd is regulated (fully authorised) by the Monetary Authority of Singapore pursuant to section 8(3)(a) of the Money-Changing and Remittance Business Act Cap 187 (“MCRB Act”). This regulation governs foreign exchange and money remittance. The Monetary Authority of Singapore imposes minimum capital requirements and ensures the highest standards for internal policies and procedures, detection of financial crime and the protection of client funds. In accordance with the specific terms of our remittance licence CurrencyFair Ltd. has furnished the required Letter of Responsibility to the Monetary Authority of Singapore confirming that it is responsible for the operations of CurrencyFair (Singapore) Pte Ltd.