Optimise your FX Receipts — Don’t Let the Bank Set Your Rate

A Report by CYS Global Remit Digital Media Marketing Team   

If you're a Singapore-based business receiving payments from international clients in USD, AUD, HKD, or other currencies, how these funds are handled can quietly erode your margins. 

Most companies default to letting the bank receive and automatically convert the funds into SGD. While this is convenient, it often comes with hidden costs and limited flexibility. 

At CYS Global Remit, we believe your incoming funds deserve better treatment. Our inward transfer solution puts you in control—allowing you to decide when and how to convert your foreign currencies, without hidden fees or delays. 

What’s Really Happening Behind the Scenes? 

When your customer sends USD, your bank typically converts it immediately—often at less favourable rates and without prior notification or rate confirmation. This process can also be limited for exotic currencies like CNH or IDR. 

The result? You receive the funds, but at a reduced value. 

How CYS Changes the Game: 

We flip the traditional model by giving you the power to: 

• Decide when to convert 

• Choose the currency you want to receive 

• Access better rates without unnecessary delays 

CYS Inward Transfer Benefits  

• Competitive FX Rates: Access to favourable rates across major and regional currencies 

• Same-Day SGD Settlement: Get your funds quickly, without waiting for lengthy banking processes 

• Full Transparency: Receive alerts before conversion, so you're always in control 

• Wide Currency Support: Including USD, offshore RMB (CNH), HKD, JPY, THB, and more 

Whether it's daily platform settlements or project payments from regional partners, we simplify inflows so you can manage them with confidence and clarity. 

Smarter International Collections 

As companies expand globally, managing foreign currency receipts efficiently becomes a competitive advantage. With CYS, you're not just receiving funds—you’re optimizing every transaction. 

Take Control, Avoid Surprises. 

In a market where margins matter, settling for "bank default" rates is no longer acceptable. If your finance team is unsure how much value was lost in conversion, it’s time for a change. 

With 44 years of experience supporting SMEs across the Asia Pacific, CYS Global Remit is your trusted partner for smarter inward transfers. Contact us today to discover how we can help you get the most from your FX receipts!