Can I receive a fixed amount?

Generally speaking, if you remit in your home country’s or local currency—for example, sending US dollars to a US bank account, Singapore dollars to a Singapore bank account, or Hong Kong dollars to a Hong Kong bank account—the bank will not charge a fee. However, if you remit in a currency that is not native to the country or region—for example, sending Singapore dollars to a US bank account, US dollars to a Singapore bank account, or US dollars to a Hong Kong bank account—the bank will charge a fee, typically ranging from a few to several tens of US dollars.

That said, some banks charge fees even when receiving the local currency. For example, when sending US dollars to Wise in the US, Wise charges a flat fee of $10 per transaction. Therefore, if you want to receive a fixed amount, it is recommended to remit in your home country’s or local currency and avoid banks like Wise that charge such fees. This way, you can receive a fixed amount.

Alternatively, it is suggested that you remit an extra $30 to $50 to cover any fees or losses during the process, ensuring that the amount you receive will not be less than your expected amount.