Raffles Money Change is a licensed provider of remittance services based in Singapore, facilitating remittance transfers to over 30 countries, including Indonesia, India, Malaysia, Philippines, Thailand, and Vietnam. The service provided is a cash to bank account money transfer and involves an online application. To find out more about this service, visit Raffles Money Change’s website.
In order to register for the service, customer needs to provide a copy of their ID proof like Employment Pass/Work Permit/Passport/IC. Customers are required to provide the ID proof every time for money exchange transactions above S$5,000 and all remittance transactions.