How Long Does It Take to Transfer Money from Singapore to China Banks? A Guide to Transfer Times Tips

How Long Does It Take to Transfer Money from Singapore to China? A Comprehensive Guide

In today's globalized economy, more and more people need to send money across borders. This is especially true for those living or working in Singapore who frequently need to transfer funds back to China. One of the most common concerns for many people is how long does it take to send money from Singapore to a domestic Chinese bank account? While the question seems straightforward, the answer is influenced by a variety of factors. In this article, we will explore the key elements that affect transfer times, based on recent financial developments, and offer practical tips to help you make cross-border transfers more efficiently.

1. Common Methods for Sending Money from Singapore to China

Currently, the main ways to send money from Singapore to mainland China include

1. Bank Wire Transfer

2. Third-party payment platforms such as Wise, Remitly, PayPal, etc.

3. Local money transfer service providers such as Kimly, InstaReM, etc.

4. Digital banks or mobile banking apps such as DBS, OCBC, and other Singaporean banks

Each method differs in terms of processing speed, fees, and the final amount received. For example, bank wire transfers are traditional and secure, but often take longer to process. Third-party platforms, on the other hand, are known for their speed and transparent fee structures, making them ideal for small, frequent transfers.

2. Key Factors That Affect Transfer Times

1. Choice of Transfer Method

According to a 2025 report by the Monetary Authority of Singapore MAS, traditional bank wire transfers typically take 1-3 business days to arrive, depending on the bank’s processing efficiency and intermediary bank involvement. However, digital platforms like Wise can sometimes complete transfers within 24 hours, and even offer same-day delivery in some cases.

2. Time of Transfer and Holidays

The timing of your transfer also affects how quickly the funds arrive. Transfers initiated on Friday afternoons or just before public holidays in either Singapore or China may not be processed until the next business day. Since Singapore and China have different public holidays, this can further delay processing times.

3. Currency Type and Exchange Conversion

If you're sending money in Singapore Dollars SGD to a Chinese bank account denominated in Chinese Yuan CNY, currency conversion is required. This process can add an extra business day, especially if the bank’s system lacks automated conversion capabilities.

4. Intermediary Banks and Clearing Systems

International transfers typically use the SWIFT system, and sometimes involve an intermediary bank, particularly when the sending and receiving banks don’t have direct clearing relationships. The processing time at the intermediary bank is unpredictable and can cause delays.

3. Impact of Recent Financial Developments on Transfer Efficiency

According to a September 2025 report by The Straits Times, several Singaporean banks are accelerating the digital transformation of cross-border payments to reduce average transfer times. For example, DBS Bank has established direct channels with multiple Chinese banks, significantly cutting down on intermediary steps and enabling next-day transfers in some cases.

The MAS is also working to integrate Singapore’s FAST Fast And Secure Transfers system with overseas payment infrastructures. This means that small-value transfers made via digital platforms may become even faster and cheaper in the future.

4. Tips to Improve Transfer Efficiency

1. Choose the Right Transfer Channel

For large amounts where security is key, a bank wire transfer is recommended, though you should allow extra time for processing.

For smaller, frequent transfers, platforms like Wise or InstaReM offer faster processing and transparent fees.

2. Prepare Accurate and Complete Information

Ensure that all recipient details are correct, including

Recipient’s name

Bank account number

Bank name and address

SWIFT/BIC code

Payment reference/message

Any mistakes can result in delays or even the return of the funds.

3. Avoid Peak Hours and Holidays

Try to initiate transfers during business hours on weekdays in Singapore. Avoid sending money on Friday afternoons or just before public holidays in either country.

4. Compare Exchange Rates and Fees

Different platforms offer varying exchange rates and fees. Use comparison tools to find the most cost-effective option before making a transfer.

5. Use Direct Bank Links or Digital Banking Services

Some Singaporean banks, such as DBS and OCBC, have established direct links with major Chinese banks like ICBC and CCB, which helps reduce intermediary steps and speeds up the transfer process.

5. Real-Life Example Transfer Time Comparison Across Platforms

Mr. Li, a professional working in Singapore, shared his experience using different platforms to send money to China

OCBC Bank Transfer SGD 5,000, arrived in about 2 business days, with a fee of around SGD 30.

Wise Platform Same amount, arrived within 24 hours, with a fee of around SGD 18, and a better exchange rate.

Remitly Platform Express Option Arrived within 6 hours, with slightly higher fees-ideal for urgent needs.

This example clearly shows that choosing the right platform can significantly improve both speed and cost efficiency.

6. Conclusion

The time it takes to transfer money from Singapore to a Chinese bank account is not fixed-it depends on multiple factors including the transfer method, timing, currency conversion, and intermediary bank involvement. With the rapid development of financial technology, more fast and low-cost transfer options are becoming available.

Whether you're using a traditional bank or a digital platform, understanding how the system works, choosing the right channel, and following practical tips can help you complete your cross-border transfers more smoothly and confidently.

If you frequently send money from Singapore to China, we recommend comparing platforms, watching for promotions, and planning your transfers in advance to avoid unnecessary delays and costs.