What is CYS Remittance?

• CYS is licensed by the Monetary Authority of Singapore to receive customers’ Singapore dollar for outward transmissions or foreign currency payments for local Singapore dollar settlements. We call this remittance.
• CYS conducts electronic fund transfers effectively through our own agency network in South East Asia and our bankers’ SWIFT payment network. If you use our service to send to or receive money from overseas, that is a CYS Remittance. Please click here to see Our Network
• To convert your foreign currency payments to local Singapore dollar settlements or to convert your Singapore dollar to make foreign currency remittance, CYS offers foreign exchanges rates that are among the most competitive in the industry. Please click here to see Our Rates

• Inward remittance is for customers residing outside Singapore who wish to send money to Singapore residents or make payments in Singapore dollar to their beneficiaries’ accounts in Singapore. Please click here to apply for Inward Remittance.

• Outward remittance is for customers residing in Singapore who wish to send payments in foreign currency to their beneficiaries abroad or make payments other than Singapore dollar to their beneficiaries through the SWIFT network. Please click here to apply for Outward Remittance.