At Payoutt, we painstakingly make sure your money is safe and secure during each step of the transfer. We have employed advanced technology to assure the safety of your money and even give you the option of tracking your money. Our rigorous verification processes make sure that your money reaches the right person.

No, payoutt is not our trade name. Our trade name is Payoutt Frontier Pte.Ltd.

Yes, we are a licensed service provider. We are registered with Monetary Authority of Singapore (MAS). You can find our registration on the MAS website using this link.

No. As of now, we do not offer financial advisory services. But in order to get some ideas about FX rates, hedging etc. you can visit our blog or subscribe to our newsletters.

We fully encrypt your data and financial details to protect them from hackers or any potential leaks. You can find our Terms & Conditions and other policies here.

At Payoutt, we have absolutely no hidden fees and give utmost importance to your safety and security by encrypting transactions for safe transfer.

It is really easy to create your personal account with Payoutt. Just click here and provide the required details and documents.

Creating a personal account requires you to add details such as your name (as it appears on your passport, ID, or any other form of identification), your email address, and your phone number.

When you create a personal account with Payoutt, you need to provide the address proof documents as well as the ID proof documents like passports, IC cards, and E-passes.

Utility Bills Rental Agreement Mobile Payment Bills Bank Passbook

As a licensed financial organization, we must verify your details in order to know who is transferring money with us. So, it is important to provide us your real full name (nicknames and initials are not acceptable), accurate address, phone number and an email ID when you create your profile with us.

No, personal accounts must be used only for individual or personal purposes.

No, you cannot create a multi user personal account with Payoutt.

Sorry. Third party payments are not accepted.

Yes. As long as your name reflects as one of the account holders, you can send money through a joint account.

Yes. You can change the recipient details before the money reaches the recipient. You can contact our customer care team via email or call for any issues you face before your money reaches the recipient, meaning even when the transfer is in progress. After the transfer has been completed, it is not possible to change the recipient information.

Well, the charges differ from country to country and the amount of money you plan to transfer also determines the cost because the charges imposed by various banks are different. Generally, we charge between S$5 and S$10 for Asian countries, and these rates differ for European and US countries.

It is possible to send money nearly anywhere in the world provided your documents are perfectly meets our company’s internal policy and requirements are met according to the bylaws of the country you wish to send money to.

Some banks levy taxes on outward flow of money while some do not. So, these charges are completely taken by the bank only, not Payoutt.

Some banks may levy taxes on inward remittances. While Payoutt deposits the exact amount to the recipient that you see on the screen while setting up the transfer, the recipient's bank may deduct taxes from the receiving amount at their end.

We will notify you via email or call about your rejected transfer.

Currently, you can use banks for payments via NEFT, IMPS, Net banking or Debit Cards. If it is convenient for you, you can even visit our physical location and pay via cash. However, we are working towards integrating additional payment platforms in the future.

No, you need to create a personal bank account for personal transfers.

No. We do not accept credit cards for money transfer payments.

We do not accept third party payments.

If this is the case, you must provide all the details of the originator, proof of the transfer, as well as any other supporting documents required for further action.

You can contact our customer experience team via email or call if the transfer is still in progress. Unfortunately, nothing can be done if the money transfer gets completed and the money gets received by the recipient.

Typically, transfers via Payoutt are instant. If the transfer request is made after the cut off time, the transfer will be done the next day. However, for certain countries, corridors, and payment methods it could take up to 7 business days to complete a transaction.

The company has the right to cancel if the agreement goes against company’s internal policy. The funds will be reverted via the same mode of payment. If the client pays by cash, the funds will be transferred at his/ her discretion.

Yes, a business can open an account with us. Just register as a corporate. If you are a business that requires bulk payments and other customized payment features, you can contact us at support@payoutt.comand we will be more than happy to help you.

It is absolutely easy to create your business account with Payoutt. Simply click here to begin.

Yes, you can have separate business accounts for your different businesses.

If you want to create a business account with us, you need to fill out the on boarding form which you can download from here.

- Company incorporation / ACRA (Within last 6 months) - All ID’s / Passport copies of persons mentioned in the On-Boarding Form - Address proof (if the identity provided does not show the residential address) e.g.: telephone bill or any utility bill or bank statement. - Memorandum & Article of Association (if any). - Business Card

Sorry. Third party payments are not accepted.

Well, the charges differ depending on different banks and the amount of money you plan to transfer also determines the cost. For example, we have fee waivers for large transactions and special prices for our premium corporate clients.

Our customer care executives will immediately notify you via an email or a call about your rejected money transfer.

With a business account, you can set rate alerts, track your payments and have the option of availing premium services (where you can book your FX rates ) if you become a regular customer.

Yes, you can change the incorrect amount by contacting our customer care team via email or call if the transfer is still in progress. Unfortunately, nothing can be done if the transfer gets completed and the money gets received by the recipient.

Typically, money transfers via Payoutt are instant. If the transfer request is made after the cut off time, the transfer will be done the next day at the earliest. However, for certain countries, corridors and payment methods it can take up to 7 business days to process a transaction.

Yes. In certain cases, we accept payments from personal bank accounts for corporate payments after reviewing and approving supporting documents. However, we recommend using a corporate account for business payments.

You can cancel your transfer depending on what step your transfer is at. If you have not funded the transaction, you can cancel your transaction by clicking on the ‘cancel’ button on the transaction history page. If you have sent funds against a transaction and then want to cancel it, please contact our customer service team via email or call. Please note, once the funds have been transferred to the recipient, the transaction cannot be canceled.

The taxes levied on outward flow of money depend on the banks and the policy of the country they are located at. While some banks charge for outgoing funds, others do not do so.

While Payoutt deposits the exact amount to the recipient that you see on the screen while setting up the transfer, the recipient's bank may deduct taxes from the receiving amount at their end.

There is no threshold on the minimum and maximum amount of money that can be transferred via Payoutt.

Only our premium corporate clients are eligible to avail this feature. You too can become a premium client by regularly trading with us.

Yes. You can make a batch payment through Payoutt. Please contact us for details.

We do our best to keep the website up to date but as with any website, you may, at times, experience technical issues when using Payoutt website. Most of the times, you may encounter a problem because of the browser you are using. For basic website issues, you can also try other solutions such as enabling cookies and clearing your browser's cache. If you still want to use your preferred browser which is not among the above options and as such face issues, kindly write to us at support@payoutt.com and we will be more than happy to help you.

We recommend the following browsers to our users - Google Chrome, Safari or Mozilla Firefox as Payoutt website works best with these browsers.

You can subscribe to our newsletters by entering your email ID and clicking the “subscribe” button in the home page. You can unsubscribe by clicking the unsubscribe link at the bottom of the email you receive.

Yes. It is possible to change your email ID or mobile number. For obvious security reasons, you need to directly call our customer care executives for this.

Anyone can sign up with us as long as you have required ID proof and address proof. It is very simple and free. Sign up now.

Sorry, our customer care executives will be available only during the business hours.

We are available from 10.30 am to 6 pm from Monday to Friday.

Payoutt is the trade name of a remittance business. So, we can help your business manage money transfers and foreign exchange tasks more easily. You can now simplify everything from paying international employees or overseas suppliers, all the while getting the best exchange rate and transfer fees to save on international money transfers. Better exchange rates and low transfer fees are just a couple of the highlights of how using Payoutt for business transfers beats using a bank. Banks typically do not offer great exchange rates and they often charge high fees for transfers, especially with wire transfers.

SWIFT Code is a unique ID code for financial and non-financial institutions. ACH Code is a routing code used to identify the financial institution in which it is drawn in the US. IBAN Number is used to facilitate the communication and processing of cross-border transactions. It is an international system of identifying bank accounts across nations. Sort Codes are used to identify banks when routing money transfers by the British and the Irish. BSB or Bank State Branch Code is used in Australia to identify a bank's branch. IFSC code is used in India to identify a particular bank branch participating in the two main Electronic Funds Settlement Systems.

The FX rates coincide with the FX market. The forex market is open 24 hours a day during weekdays but closes on weekends, Christmas Eve and New Year. It closes on Fridays at 5 p.m. and resumes trading again 48 hours later. So, the rates remain standard during these time periods.

Our premium services include booking your FX rates for up to S$ 200,000 and fee waivers for large transactions.

Sorry. Premium services are available only for corporate clients.

No. You need not pay separately for premium services.

You can become a premium corporate client by regularly trading with us. This is a loyalty program.

Our premium clients can lock in the rates for 3 days.