Payouts to Singapore
Pay Singapore dollars from USDT or USDC
Singapore is where the region's holding companies, family offices and trading houses keep their treasury, and where many of XEROF's own counterparties bank. SGD is paid to a Singapore bank account over GIRO from a USDT or USDC balance, up to SGD 1,000,000 per payment, business to business, business to consumer and consumer to business.
How a payout to Singapore works
GIRO settles within the business day. A treasury that holds stablecoins and pays Singapore dollar invoices runs the conversion and the payment from the same XEROF Online workspace, with each beneficiary screened once.
- Payout currency
- SGD
- Paid to
- Bank account in Singapore
- Payment types
- B2B (business to business), B2C (business to consumer), C2B (consumer to business)
- Maximum per payment
- SGD 1,000,000 over GIRO
- Rails
- GIRO
- Pricing
- Per corridor: the SGD leg is quoted per payment on the confirmation
Who pays Singapore dollars this way
- A holding company settling its Singapore administrator, auditor or law firm in SGD.
- A trading house paying a Singapore supplier under a letter of credit or open account.
- A family office moving stablecoin proceeds to a Singapore dollar account of a business it pays.
Paying Singapore from Zug: timing and practicalities
Singapore is six to seven hours ahead of Zug, so a GIRO payment confirmed in the Swiss morning lands in the Singapore afternoon, and one confirmed after Swiss midday settles the next Singapore banking day. GIRO does not run on Singapore public holidays.
Singapore companies are identified by their UEN alongside the account number, and family offices and holding companies in this corridor typically pay the same handful of service providers each quarter, so beneficiaries are screened once and reused.
What XEROF needs before the first payment
- Beneficiary name, bank and account number, with the UEN for a company.
- The invoice, fee note or contract the payment settles.
- Where the receiving bank asks for it, the purpose code for the GIRO payment.
A worked example in SGD
- You send
- USDT 150,000 on ERC-20
- XEROF converts
- USD 150,000 equivalent at the live rate
- Beneficiary receives
- SGD over GIRO to the counterparty's account
- Fees on this example
- Brokerage fee plus the quoted SGD leg
Common questions
- Do you support FAST or PayNow to Singapore?
- Payouts in this corridor go over GIRO to a bank account. PayNow aliases and FAST are not payout destinations.
- What is the maximum for a SGD payout to Singapore?
- SGD 1,000,000 over GIRO, set by the receiving market.
Singapore: limits set by the receiving market, availability subject to screening and partner requirements, indicative and not an offer. See the coverage table.
Nearby corridors
Open a XEROF account to pay Singapore dollars in Singapore.