Payment rail · Singapore
Payment rail · SingaporeWhat is FAST in Singapore?
FAST — Fast And Secure Transfers — is Singapore’s service for near-instant Singapore-dollar transfers between accounts at participating banks and non-bank financial institutions, available around the clock. Poplin pays out to Singapore over FAST, settling in real time.
Source: Monetary Authority of Singapore (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Singapore clears fastest over
FAST
settles in real time · 0.75% + $1.00 on a business account
Also reaches SGD accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over FAST — and what Poplin charges to send.
Settlement
Real time
clears in seconds
Reaches
1
country — Singapore
Paid out in
SGD
Singapore dollar
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How FAST payouts move.
From your US-dollar balance to an account in Singapore — four steps, seconds end to end.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Singapore dollars at the mid-market rate — no markup added.
Cleared over FAST
Poplin clears the payout over FAST, Singapore’s instant bank transfers.
Arrives in seconds
The money lands in the recipient’s account in Singapore in seconds.
// coverage
Where FAST reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
FAST — FAQ
Basics
What is FAST in Singapore?
FAST — Fast And Secure Transfers — is Singapore’s service for near-instant Singapore-dollar transfers between accounts at participating banks and non-bank financial institutions, available around the clock. Poplin pays out to Singapore over FAST, settling in real time.
Speed
How long do FAST payouts take in Singapore?
Over FAST, Poplin payouts settle in real time. Payments leave your account in seconds; FAST then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money to Singapore over FAST with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Does Poplin pay out to Singapore over FAST?
FAST is how Poplin pays out to Singapore, in SGD. Poplin also reaches Singapore over MEPS+ (SGD) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Singapore over FAST.
Open a US-dollar account in minutes. No monthly fees.