Yes. Clarency can save money for any company that deals with foreign currencies. Companies making currency transactions of over S$ 100,000 a year could see a significant saving.
Clarency is cheaper than any bank. Banks charge high fees for converting currencies. These include the cost of maintaining a foreign currency account and the transaction fees for international payments. But most of the banks’ profits are hidden within the exchange rate. We offer competitive rates that you agree up front, and we only charge S$ 5 for any single international payment. It means you get more money for your money.
Simple: open a corporate account using this form.
Yes, it's completely free to open and maintain an account with Clarency.
You’ll need the following proofs of your business:
• A copy of your registration document with the Chamber of Commerce (ACRA Bizfile)
• Proof of residence of your company's Ultimate beneficial owners (shareholders with a holding of >10%)
• Proof of identity of your company's Ultimate beneficial owners (shareholders with a holding of >10%).
Yes, simply open an account using this form.
We usually open an account within a day.
We charge S$ 5 per transaction, and there are no other fees, even if it’s urgent. We don’t charge for opening and maintaining an account, for instance. We do make a profit on the exchange rate, but the rate we offer and agree with you will always be competitive.
Account holders request conversions through our Dealhub. Click here to log in, or call one of our currency experts on (+65) 6403 3956.
You tell us where the money needs to go, and we will make the payment for you
No. The amount can be as small or as large as you wish, and we’ll only ever charge you S$ 5.
No. There are no such limitations for Clarency account holders.
We deal with almost every country, in more than thirty different foreign currencies. Sometimes there are restrictions on certain countries. If in doubt, get in touch on (+65) 6403 3956.
As soon as you’ve agreed on the exchange rate with one of our team, we’ll complete the payment within 24 hours
We charge S$ 5 per transaction, and there are no other fees. We don’t charge for opening and maintaining an account, for instance. We do make a profit on the exchange rate, but the rate we offer and agree with you will always be competitive.
Yes, it's completely free to open and maintain an account with Clarency.
Of course, your company stays with your current bank for all other banking matters. Whenever you want to make an international payment, you can either do it through your bank or with Clarency. Comparing the fees and rates will help you choose.
We charge S$ 5 per payment, and there are no other fees, even if it's urgent.
Get in touch with our currency experts immediately on (+65) 6403 3956. Please call from Monday to Friday between 08.30 and 17.30 SGT.
Our team is on hand from Monday to Friday between 08.30 and 18.00 SGT.
We are regulated by the Monetary Authority of Singapore (MAS) as a remittance business. Our license number is 01516
To protect your money, we use segregated Customer accounts. This gives you confidence that your money is always set aside. We may not use the Customer accounts for any other purpose and this account is inaccessible to any bankruptcy proceedings.
The money is transferred from the segregated accounts to the required account of your supplier or customer. Clarency Singapore Pte. Ltd. and NBWM (the parent company) has multiple segregated accounts with several banks.
We are licensed by the MAS. Clarency Singapore Pte. Ltd. operates under a remittance license. Click here to view the license.
The times you can carry out payments vary per currency. We aim to process all our payments from Monday to Friday between 08.30 and 17.30 hours (SGT)
We are open Monday to Friday from 08.30 to 18.00 hours (SGT).
