Update: 3 July 2019
Please be advised that we are temporarily unable to process SGD withdrawals. We are working with our banking partner, Swapforex, to resolve this issue as soon as possible. Any pending withdrawals will be credited back to your Liquid balance. Please do not attempt to make any further SGD withdrawals until further notice. Deposits are unaffected. We apologize for the inconvenience.
Update: 1 July 2019
Withdrawal and deposit of SGD will take more processing time. Apologies for the inconvenience.
Withdrawal and deposit of USD, EUR, and AUD are not affected
Banking details for SGD deposits on Liquid have changed.
Effectively immediately, please use the following bank details to deposit SGD to Liquid:
- Name: Swapforex Limited
- Bank: Raiffeisen Bank Polska S.A.
- Branch: Raiffeisen Bank Polska S.A., 20 Piekna Street, 00-549 Warsaw, Poland
- Account number: 34 1750 0009 0000 0000 3983 6025
- IBAN: PL34 1750 0009 0000 0000 3983 6025
- SWIFT: RCBWPLPW
While deposits made to DBS Bank will be accepted up to March 31, unexpected delays may result in the transfer being rejected.
FAST deposits for SGD will no longer be supported from April 1. Only SWIFT deposits and withdrawals for SGD will be available on Liquid.
SWIFT deposits and withdrawals may be subject to additional fees charged by your bank. Please contact your bank should you require further information about such charges.
Make sure with your bank that your deposit should be made in SGD only. No currency conversion to be done by any banks, including intermediary ones in order to avoid high fx rate.
The 35.25 USD charge by Swapforex to process withdrawals remains unchanged.
Liquid works with SwapForex, a third-party payment processor based in London, UK, to handle our transaction requests. Swapforex has a Raiffeisen Bank account.
SGD deposit fees
Liquid does not charge fees for incoming fiat deposits. We credit our customers with what we receive from our banking partners and payment processors. If your deposit is not the full amount when credited to your Liquid account, the difference is always the bank-related charges.
Swapforex has a Raiffeisen Bank account and funds are transferred to this account. Swapforex does not charge processing fees for SGD deposits. Transactions processed by Swapforex are subject to fees and charges imposed by their banks, in this case Raiffeisen Bank.
** Please do not transfer the deposit via ATM as the sender information will not be recorded.
SGD withdrawal fees
Liquid collects SGD5 per transaction.
Swapforex charges USD35.25 equivalent per transaction.
Based on the current exchange rate (1 USD = 1.38 SGD) as at October 23, 2018, you would expect to pay SGD53.70 per withdrawal.