Still overpaying to move money globally? Here’s a smarter way

Why are your international transfer fees so high and what can you do about it?

1. Learn how to avoid hidden FX spread on business payments
   Most banks advertise competitive FX rates. However, the gap between the displayed rate and the true mid-market rate is often where costs add up.
   

   
   For example, on a $50,000 payment, a 1% FX spread can quietly cost you $500. Over time, these costs accumulate and start to impact your margins. Fortunately, this is easy to address. You can use a business account that shows you the real rate before you confirm.

   Tip: Look for transparent FX pricing so you know the exact rate before you hit send. No surprises, no markups buried in the small print. That is how you avoid FX spread on business payments.

2. Find a suitable payment gateway in Singapore for your SME
   

   For SMEs managing cross-border payments, constantly converting between currencies can create unnecessary fees. A multi-currency business account lets you hold foreign funds and pay your business partners directly in their local currency. Whether you are looking for the best payment gateway in Singapore to pay overseas contractors in Asia, Europe, or across the world, holding the right currency can help you pay less per transaction.

   Tip: Receive USD from overseas buyers, hold it, and pay your USD or 离岸人民币 partners from the same balance. Convert only when the rate works in your favour, not every time a payment goes out.

3. Use same-day international bank transfers from Singapore
   

   Standard international wire transfers can take several days depending on the destination banks and payment methods. That is working capital sitting idle, and it can strain business relationships when payments are late. Options for same-day international bank transfers are now available for Singapore businesses in selected corridors, and they may not necessarily cost more than a standard transfer.

   Tip: With payment rails such as ANEXT Flash, international wire transfers within one working day are available to select currency and jurisdiction pairing, fees are waived for a limited period. Your vendors get paid when they need to be, not when the banking system gets around to it.

什么是数字优先企业？

如果说疫情教会了我们什么，那就是数字优先型企业能够帮助企业主在面对各种中断（例如封锁措施和旅行限制）时继续维持业务运营。数字优先型企业本质上是指将业务运营及产品或服务交付过程数字化进行。这包括日常业务活动，例如库存管理、订单接收及履约交付等。

虽然数字优先型业务几乎适用于所有行业，但对于提供服务型产品或数字资源的行业尤其合适，例如电子书销售、在线辅导课程或网络研讨会式培训服务。

Why SMEs choose ANEXT for cross-border payments

以下是您在建立数字优先型企业时可以重点关注的几个关键步骤。

1. Multi-currency account, one login
   

   Receive payments from overseas buyers and pay global partners without juggling between banks or platforms.

2. Transparent exchange rates
   

   See your rate upfront before you send, whether you are paying in SGD, USD, or the recipient’s local currency.

3. Faster yet secure international transfers
   

   Send USD and EUR to select jurisdictions in just 1 working day with zero telegraphic transfer fees, with funds routed through secure local networks. For all other global destinations, standard SWIFT remains your reliable default.

Ready to take control of your cross-border payments?

Expanding globally should not mean losing your margins to hidden banking costs, especially since international payment fees in Singapore can eat into your profits.

When you choose a platform with transparent FX pricing for a same-day international bank transfer, you get faster transactions, lower fees, and greater visibility over what you are paying. At ANEXT Bank, we provide you with the multi-currency account benefits you need to help reduce overseas transfer fees and trade globally without the banking overhead.