Sending money from Singapore to Thailand: the payments stack
Sending SGD 260 from Singapore to Thailand cost 4.49% of the amount on average in Q3 2025, across 19 services in the World Bank's Remittance Prices Worldwide survey. Payouts in Thailand typically run over PromptPay, BAHTNET; between now and the end of 2027 there are 8 weekdays when banks in Singapore are closed but Thailand keeps paying out, so the payout balance has to be funded before them.
| Average cost to send | 4.49% of SGD 260 (Q3 2025, World Bank RPW) source |
| Money transfer operators | 4.71% across 15 services |
| Banks | 3.67% across 4 services |
| Collect in Singapore | FAST, PayNow, MEPS+, Interbank GIRO, PayNow cross-border linkages (PromptPay, UPI, DuitNow) |
| Pay out in Thailand | PromptPay, BAHTNET |
What it costs to send SGD 260
The World Bank surveyed 19 services sending from Singapore to Thailand from 19 August 2025 to 25 August 2025. The average total cost, fees plus the FX margin, was 4.49% of the amount sent; money transfer operators averaged 4.71% and banks 3.67%. source
Bank and operator averages are worked out from the survey's provider types.
The send side: Singapore
- Cross-border money transfer service (Activity C under the Payment Services Act) means providing inbound or outbound remittance service in Singapore, and also facilitating remittance between entities in different countries even if monies are not accepted or received in Singapore. source
- There are three licence types: a money-changing licence, a Standard Payment Institution (SPI) licence for services below the thresholds in section 6(5) of the Act, and a Major Payment Institution (MPI) licence without those limits. The thresholds are S$3 million of monthly transactions for any one activity, S$6 million for two or more activities and S$5 million of daily outstanding e-money. source
- Base capital is S$100,000 for an SPI and S$250,000 for an MPI. Before starting business an MPI must also lodge security with MAS, as a cash deposit or bank guarantee, of S$100,000 if its monthly payment transactions average no more than S$6 million for any one payment service, or S$200,000 in all other cases. source
Licences, sponsor banks, collections, ramps and KYC providers: sending from Singapore.
The payout side: Thailand
| Payout partner | What it does in Thailand | Source |
|---|---|---|
| Nium · our guide | Pays out THB to bank accounts in real time at PromptPay International enabled banks (including Bangkok Bank, Kasikorn Bank, Krung Thai Bank and Siam Commercial Bank) and same day to other banks through BAHTNET with a 14.30 local cut-off, up to THB 1,999,999 per transaction at Kasikorn Bank, Siam Commercial Bank, CIMB Thai and Bangkok Bank and below THB 500,000 elsewhere. | source |
| Airwallex | Local THB payouts over PromptPay with a flight time of 0 to 1 business days and a THB 500,000 transaction limit (THB 1,500,000 to KBank), plus SWIFT payouts in THB and 21 other currencies. | source |
| dLocal · our guide | Payouts V3 sends bank transfers in THB or USD for B2C, B2B and P2P flows, and instant wallet transfers to TrueMoney wallets by mobile number. | source |
| Thunes · our guide | Its pay network lists Thailand for bank account payouts. | source |
| TerraPay · our guide | Its network page lists Thailand among its Asia Pacific payout markets. | source |
Licensing, local banks, stablecoin ramps, FX and KYC in Thailand: launching payments in Thailand.
Payout rails in Thailand
| Rail | Operator | What matters for payouts | Source |
|---|---|---|---|
| PromptPay | National ITMX, overseen by the Bank of Thailand | Thailand's fast payment system, operating 24 hours a day every day including weekends and public holidays, with commercial banks as the main service providers. | source |
| BAHTNET | Bank of Thailand | Real-time gross settlement system for high-value baht transfers, with operating hours of 8.30 to 17.30 on every working day of financial institutions. | source |
Holiday gaps to plan for, to December 2027
Weekdays when one side of the corridor is closed. On the 8 dates when Singapore is closed and Thailand is open, the payout balance has to already hold enough to cover them. On the 19 dates when Thailand is closed, instant rails may still pay out.
| Date | Singapore | Thailand | What it means |
|---|---|---|---|
| Mon 9 Nov 2026 | Deepavali (Monday holiday) | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Mon 7 Dec 2026 | Open | Substitution for 5 December (King Bhumibol's Birthday, National Day and Father's Day) | Thailand banks closed: only always-on rails pay out |
| Thu 10 Dec 2026 | Open | Constitution Day | Thailand banks closed: only always-on rails pay out |
| Fri 25 Dec 2026 | Christmas Day | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Thu 31 Dec 2026 | Open | New Year's Eve | Thailand banks closed: only always-on rails pay out |
| Fri 1 Jan 2027 | New Year's Day | New Year's Day | Both closed |
| Mon 8 Feb 2027 | Chinese New Year (Monday holiday) | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Mon 22 Feb 2027 | Open | Substitution for Makha Bucha Day | Thailand banks closed: only always-on rails pay out |
| Wed 10 Mar 2027 | Hari Raya Puasa | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Fri 26 Mar 2027 | Good Friday | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Tue 6 Apr 2027 | Open | Chakri Memorial Day | Thailand banks closed: only always-on rails pay out |
| Tue 13 Apr 2027 | Open | Songkran Festival | Thailand banks closed: only always-on rails pay out |
| Wed 14 Apr 2027 | Open | Songkran Festival | Thailand banks closed: only always-on rails pay out |
| Thu 15 Apr 2027 | Open | Songkran Festival | Thailand banks closed: only always-on rails pay out |
| Mon 3 May 2027 | Open | Substitution for National Labour Day | Thailand banks closed: only always-on rails pay out |
| Tue 4 May 2027 | Open | Coronation Day | Thailand banks closed: only always-on rails pay out |
| Mon 17 May 2027 | Hari Raya Haji | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Thu 20 May 2027 | Vesak Day | Visakha Bucha Day | Both closed |
| Thu 3 Jun 2027 | Open | HM Queen Suthida's Birthday | Thailand banks closed: only always-on rails pay out |
| Mon 19 Jul 2027 | Open | Substitution for Asarnha Bucha Day | Thailand banks closed: only always-on rails pay out |
| Wed 28 Jul 2027 | Open | HM King Maha Vajiralongkorn's Birthday | Thailand banks closed: only always-on rails pay out |
| Mon 9 Aug 2027 | National Day | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Thu 12 Aug 2027 | Open | Birthday of HM Queen Sirikit The Queen Mother and Mother's Day | Thailand banks closed: only always-on rails pay out |
| Wed 13 Oct 2027 | Open | King Bhumibol Adulyadej Memorial Day (Navamindra Maharaj Day) | Thailand banks closed: only always-on rails pay out |
| Mon 25 Oct 2027 | Open | Substitution for Chulalongkorn Day | Thailand banks closed: only always-on rails pay out |
| Thu 28 Oct 2027 | Deepavali | Open | Prefund Thailand the day before: no funding from Singapore, payouts continue |
| Mon 6 Dec 2027 | Open | Substitution for 5 December (King Bhumibol's Birthday, National Day and Father's Day) | Thailand banks closed: only always-on rails pay out |
| Fri 10 Dec 2027 | Open | Constitution Day | Thailand banks closed: only always-on rails pay out |
| Fri 31 Dec 2027 | Open | New Year's Eve | Thailand banks closed: only always-on rails pay out |
Full calendars: Singapore and Thailand. Size the buffer with the corridor runway calculator.
Funding the corridor
- FAST runs 24x7 at most participants, but some banks give a FAST transaction the next business day as value date if it is made after a cut-off time or on a non-business day. source
- A single FAST transfer is capped at S$200,000, so larger SGD movements go through MEPS+, which settles only on business days (Monday to Friday, excluding public and bank holidays). source
- Onshore banks must keep each non-resident's end-of-day balance at no more than THB 200 million across all its NRBAs (and separately its NRBSs) at onshore banks, and do not pay interest except on fixed NRBAs of six months or more, under rules effective 1 December 2025. source
- Non-residents providing cross-border payment services can join the NRQC scheme, which lifts the NRBA end-of-day limit and removes per-transaction supporting documents for baht transactions with onshore banks. source
- BAHTNET runs 9 hours a day, 5 days a week, so PromptPay obligations that clear after its window sit unsettled overnight, which the BOT puts at roughly THB 7.8 billion of settlement risk per night. The BOT plans a staged extension of BAHTNET hours towards 24/7. source
Running the corridor
Polynopsis shows every balance on both sides of this corridor in one live position: the collection accounts in Singapore, the payout partners and banks in Thailand and any stablecoin in between. It warns before the Thailand balance runs dry, holidays included. See how it works.
Frequently asked questions
How much does it cost to send money from Singapore to Thailand?
The World Bank's survey put the average total cost of sending SGD 260 at 4.49% in Q3 2025, across 19 services. Money transfer operators averaged 4.71%.
Which rails pay out in Thailand?
Local payouts run over PromptPay, BAHTNET.
When do I need to prefund Thailand payouts ahead of holidays?
Between now and December 2027 there are 8 weekdays when Singapore is closed and Thailand is open, the first on Mon 9 Nov 2026. The payout balance has to cover those days before they start.
Related corridors
Sources
- World Bank, Remittance Prices Worldwide dataset · World Bank
- Public Holidays for 2027 (press release, 18 June 2026) · Ministry of Manpower
- Public holidays (2026 and 2027) · Ministry of Manpower
- Financial Institutions Holiday · Bank of Thailand
- Notification of the Bank of Thailand No. 31/2568: financial institutions' holidays for 2026 · Bank of Thailand
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.
About Polynopsis
Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.
Why it is called Polynopsis · About Polynopsis · Glossary · Corridor runway calculator