With zero transfer fees and competitive foreign exchange rates, MariBank’s latest launch is the first digital bank remittance service for both retail and business customers.
MariBank has launched its remittance services, MariBank Overseas Transfers, to both retail and business customers, the first digital bank in Singapore to do so. The service, with zero transfer fees1, offers competitive foreign currency rates with the goal of making overseas transfers more accessible and affordable for retail and business customers.
The new service is currently offered on an invite-only basis with 10 currencies in 13 destinations, with a full rollout set to be available later in April and more destinations to be introduced in the coming months. Transfers will be processed immediately or within one to three business days for most destinations, contributing to smoother cash flows and seamless business operations.
With the vision to provide simple and reliable financial solutions, MariBank Overseas Transfers is also designed to fill banking service gaps identified through surveys conducted within the MariBank ecosystem, catering to both consumers and Small and Medium Enterprises (SMEs).
A survey of business owners found that more than 70 per cent have remittance needs and prioritised lower transfer costs. To support SMEs that transfer larger amounts, MariBank offers competitive exchange rates and ensures they receive the full transferred amount with no extra charges, helping businesses to save more.
Meanwhile, a consumer survey found “no transfer fees, no agent fees, no hidden fees” as key factors when choosing remittance products. MariBank offers zero transfer fees1 for all currencies and destinations with competitive exchange rates. MariBank also delivers a comprehensive solution for sending Chinese Yuan (CNY) to Mainland China via Alipay, UnionPay, and Wire Transfers. Customers can also enjoy cost savings on popular transfers, including Indonesian Rupiah (IDR) and US Dollar (USD) to the United States.
“At MariBank, we’re deeply committed to listening to our customers and understanding their evolving needs. With products like MariBank Overseas Transfers, we’re not just providing solutions—we’re making banking more accessible, affordable, and tailored to the needs of customers,” said Natalia Goh, CEO of MariBank.
MariBank Overseas Transfers comes on the heels of Mari Invest Income, which was launched in February this year. MariBank is the only digital bank that has rolled out comprehensive solutions across savings, borrowing and investment for both retail and SME customers. This newest launch demonstrates the bank’s commitment in providing its customers with simple, reliable, and accessible financial solutions as their needs evolve.
Zero transfer fees will be offered on a promotional basis as set out in the Terms & Conditions.
About MariBank
MariBank is a digital bank wholly owned by Sea Limited and licensed by the Monetary Authority of Singapore (MAS). MariBank aims to support the banking needs of digital natives and small businesses in Singapore, through the provision of simple banking products.
MariBank is the only digital bank with remittance offerings that serve both retail consumers and businesses. MariBank started with a flagship savings product, Mari Savings Account and subsequently expanded its consumer offerings with an investment account, Mari Invest.
MariBank has also launched a credit card as well as business banking offerings in 2024, with MariBank Overseas Transfer being the latest product in 2025.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
