Cheaper & Better FX
What is Cheaper & Better FX?
Cheaper & Better FX (CBFX) is a new feature that enables customers to transfer funds to their international recipients from their SGD account at cheaper FX rates and with lower transaction fees.
TO INCLUDE USER GUIDE FOR USING CBFX
4. Central African Republic
6. Democratic Republic of Congo
7. Donetsk region of Ukraine
8. Kherson region of Ukraine
9. Luhansk region of Ukraine
10. Zaporizhzhya region of Ukraine
17. North Korea
19. South Sudan
Kindly note that these restrictions are in place to comply with international regulations and to ensure the safety and security of our clients' transactions.
Fees and Pricing
Fall Below Fee
Transactions via local routes(SEPA/ACH/FPS)
Sending EUR to Europe (SEPA)
Sending USD to US (ACH)
Sending GBP to UK (FPS)
Sending CAD to Canada (EFT)
Sending AUD to Australia (AusPayNet)
Sending HKD to Hong Kong (CHATS)
Cost savings depiction (SWIFT INTERNATIONAL WIRE TRANSFER)
(NEW) CBFX Model
SBA USD Equivalent
SBA USD Equivalent
Bank charges (SGD)
% saved on bank charges
In the event your outgoing transaction is denied/declined, the funds will be refunded back to your Sleek Business Account in SGD. It is possible that the amount differs from the initial funds that you sent out. This is due to fluctuating forex rates. There are certain possibilities on why your transaction was refunded:
- You inputted incorrect beneficiary details.
- You initiated a transaction to a prohibited corridor.
- Your Beneficiary's bank rejected the transaction.
- Can I use CBFX on my mobile device?-
Yes, via the Sleek Web App
- Is there a minimum transaction requirement for CBFX?
There is no minimum transaction requirement.
- What are the daily transaction limits?
There is a daily limit of SGD $50,000 or equivalent.
- What are the trading hours on CBFX?
You may transfer the money anytime you want.
- Is it possible to cancel transactions from CBFX?
No, it isn’t. Once the money goes out from your account, it is not reversible. The transaction is either successful or refunded back to your account.
- Who is eligible for CBFX?
Only SBA (Sleek Business Account) users may access CBFX.
- How long will it take for my beneficiary to receive the funds?
It usually takes about 1 to 3 business days for your beneficiary to receive the funds.