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Select topic: Currency  Banks  Credit Cards  Money Changers

 
Other than the Singapore Dollar, the US and Australian Dollars, Yen and British Pound are also accepted in most major shopping centres and big departmental stores.
 
   

 
   
 

 
The local currency is Singapore dollars and cents. Notes come in denominations of SGD 2, SGD 5, SGD 10, SGD 20, SGD 50, SGD 100, SGD 500, SGD 1,000, and SGD 10,000.

Coins come in denominations of 1, 5, 10, 20 and 50 cents and SGD 1.

Banking hours are Monday to Friday: 10 am to 3 pm, and Saturday: 9.30 am to 1 pm (some banks are open until 3 pm). Sunday, 9.30 am to 3 pm (some banks in Orchard Road).

Most banks handle travellers' cheques and change foreign currencies. However, some banks do not have foreign exchange dealings on Saturday.

Passports are required when cashing travellers' cheques. A nominal commission may be charged.
 
   

 
   
 

 
Major cards are widely accepted by establishments in Singapore. Should any shop insist on adding a surcharge, contact the respective card company to report the errant shop-owner.

OUB Credit Card
Tel:  1 800 224 2000 (toll-free in Singapore only)
Standard Chartered Visa
Tel:  1 800 747 7000 (toll-free in Singapore only)
UOB Card Centre
Tel:  1 800 253 6888 (toll-free in Singapore only)

   

 
   

 
Apart from banks and hotels, money can be changed wherever the sign "Licensed Money Changer" is displayed. Most shopping complexes have a licensed money changer. Visitors are discouraged from changing money with unlicensed money changers.

An online currency converter service is available at Business Times Online.

Euro Banknotes
As of 1 January 2002, the euro banknotes have been introduced in 12 member states of the European Union (Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, The Netherlands, Austria, Portugal and Finland), replacing the 12 legacy national currencies.

If you still hold banknotes of the legacy national currencies, these currencies may be exchanged at: the Changi Airport money exchange counters (American Express Foreign Exchange Services Tel:(65)6543 2708 and United Overseas Bank Tel:(65)6542 0388)and most money changers.

However, a lower price may be quoted in view of the additional cost incurred for redeeming the legacy national currencies at the respective issuing central banks.

If you hold travellers cheques denominated in the legacy national currencies, they can be encashed or exchanged at:

Travelex (S) Pte Ltd
Singapore Land Tower #01-02A/B Tel:(65)6535 0111
(for Thomas Cook Travellers Cheques only)
Please note that processing will take one month
Changi Airport - American Express Foreign Exchange Services Pte Ltd
Tel:(65)6543 2708 (for American Express Travellers Cheques only)




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