United Overseas Bank (UOB) review

UOB is a leading Singaporean bank offering international money transfers across Southeast Asia. Strong in ASEAN corridors with competitive SGD rates. Founded in 1935 and based in Singapore, United Overseas Bank (UOB) is a high-street bank. United Overseas Bank (UOB) is authorised and regulated by MAS (Singapore), which means customer money is safeguarded separately from company funds.

On the fee side, expect sgd 5-$25 per transfer, but the bigger cost is usually the exchange-rate markup of 0.5% - 2% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $10 up to $200,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 1-3 business days, and the service reaches 50+ countries across 25+ currencies. You can fund a transfer by Bank Transfer, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors United Overseas Bank (UOB) handles best.

On the plus side: strong southeast asian network, competitive sgd transfer rates and high transfer limits. That makes it a sensible choice for existing customers who value keeping the transfer inside their own bank. Worth keeping in mind: singapore-focused (limited for other markets) and wire fees for non-uob recipients. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.