What is IDT?
IDT stands for Inward and Domestic Transfers. It is a service that lets you exchange foreign currency and move the funds either within Singapore or across borders. At CYS Global Remit, IDT helps businesses and individuals settle payments faster, enjoy better exchange rates, and handle both local and international money transfers smoothly.
Inward Transfer
Refers to the process of receiving funds from an overseas source into Singapore, typically in a foreign currency, which is then converted into SGD or another desired currency. This is commonly used by businesses collecting payments from international clients or individuals moving funds into Singapore for investment, property, or personal use.
Domestic Transfer
Involves converting foreign currency that’s already in Singapore and settling the funds locally, usually in SGD, into a Singapore-based bank account. This is often used by companies with foreign revenue or payroll obligations that need local settlement support.
Our Key Benefits
Inwards and Domestic Transfers
Chat with us to get our Live Rates
CYS IDT Foreign currencies collection facilities:
CNY (Chinese Yuan)
USD (United States Dollar)
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HKD (Hong Kong Dollars)
AUD (Australia Dollars)
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JPY (Japanese Yen)
GBP (British Pounds)
NZD (New Zealand Dollars)
EUR (Euro)
CNH (Chinese Yuan)
Our fees can go as low as $2, you’ll never find another one like this!
We are a Major Payment Institution licensed by MAS to provide services in cross-border money transfer, domestic money transfer, account issuance, e-money issuance and money-changing.
Who We Help
01
SME Owners
Lower FX costs and faster settlements for payroll, bills and suppliers.
02
Investment & Payroll Firms
Efficient settlements and lower costs than banks.
03
High-Net-Worth Individuals
Move large sums securely with better rates and full transparency.
04
Remittance Companies
Handle exotic currencies like RMB with ease and liquidity support.
How it works
100000 = You could save up to SGD $500.00*
*Compared to traditional bank FX rates
CO.ABC
Company ABC in Japan Needs to pay his staff in Singapore in SGD. CYS Global Remit helps ABC to pay their SG staff in Singapore converting JPY to SGD efficiently and at competitive rates.
Individual
Sam lives in China and plans to move to Singapore to buy property and invest. To do so, Sam needs to convert RMB savings into SGD. With CYS Global Remit, Sam gets competitive rates. secure transfers, and reliable service.
CO.XYZ
Company XYZ, a Singapore firm, earns revenue in USD and needs to convert it to SGD. They rely on CYS for a smooth and cost-effective domestic transfer with multi-currency suport.
Individual
David, a fund manager in Singapore, receives client investments in USD. To allocate funds into local assets, he needs to convert USD to SGD. He relies on CYS Global Remit for a fast and cost-effective domestic conversion.
Individual
David, a fund manager in Singapore, receives client investments in USD. To allocate funds into local assets, he needs to convert USD to SGD. He relies on CYS Global Remit for a fast and cost-effective domestic conversion.
CO.ABC
Company ABC in Japan Needs to pay his staff in Singapore in SGD. CYS Global Remit helps ABC to pay their SG staff in Singapore converting JPY to SGD efficiently and at competitive rates.
Individual
Sam lives in China and plans to move to Singapore to buy property and invest. To do so, Sam needs to convert RMB savings into SGD. With CYS Global Remit, Sam gets competitive rates. secure transfers, and reliable service.
CO.XYZ
Company XYZ, a Singapore firm, earns revenue in USD and needs to convert it to SGD. They rely on CYS for a smooth and cost-effective domestic transfer with multi-currency suport.
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Estimate Your Savings
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Estimate Your Savings
With Market Rate (3.45) :
With CYS Rates (3.25) :
You save: 1.61 MYR
*Indicative rates only
Referral Program
Refer. Reward. Remit Together.
Encourage new clients to come onboard with CYS — and let us thank you for joining.
Step 1: Refer a Business
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You can refer a new business or individual by sharing their contact details via whatsapp through your sales agent.
Step 2: New Client Onboard
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When the referred client need to complete their onboarding.
Step 3: You Get Rewarded
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Once verified internally, you will receive a reward from CYS.
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Rewards are managed and fulfilled by the CYS team as per the referral tiers below.
Terms and Conditions
Referrer must be an existing verified CYS client.
No cap on number of referrals.
Referred client must be a first-time user and not previously registered with CYS.
Points may take up to 24 hours to be reflected in customer’s account.
Points are valid up to 3 years from the date of transaction.
Referral Tiers
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