Your bank
Outgoing wire
US$15–50+ID Remit vs bank wire
Outgoing. Incoming.Or S$ 0 both ways.
A wire is something you buy in internet banking. Your bank bills you to send it. Their bank can bill them to take it. ID Remit is not that purchase — transfer fee S$ 0 out, S$ 0 in, arrival within 1 second.
On the menu
The bank sells you a wire. That is the product.
You log in, pick telegraphic transfer or outbound wire, and pay the line next to it. You are buying a SKU, not filling a bank-to-bank message.
How banks message each other is a different compare. This page is the fee on your statement. ID Remit vs SWIFT
- 01
You place the order
The wire sits next to bill pay. You pay the outgoing fee before anything moves.
- 02
They can get a second bill
When their bank posts it, an incoming charge can come off the amount. That line is not on your receipt.
- 03
The desk has a closing time
Miss cut-off and you already paid — it just is not today. ID Remit has no wire desk to close.
Who pays
Two desks. Two invoices.
The wire fee is not one line. Your bank bills the send. Their bank can bill the receive. ID Remit does not add a transfer fee on either side. See the full price list
You
Outgoing
Often US$15–50+Retail banks commonly charge a flat outgoing wire. Exact price is the bank’s, not ours.
Them
Incoming
Often extraThe person you paid can still lose a slice at their bank. You will not see that charge on your statement.
ID Remit
Both ways
S$ 0S$ 0 to send. S$ 0 to receive. Conversion has no extra fee. The rate is on confirm.
The window
Miss cut-off, it is not today.
A wire waits on the desk’s closing time. ID Remit does not sit in that queue.
Before cut-off
Might still be today
The bank accepted the order. Their bank still has to post it. Hours, not a second.
After cut-off
The next banking day
The instruction sits. Weekends and holidays add more. The outgoing fee is already gone.
Same-day still depends on when your bank takes the order and when their bank posts it. This is the desk clock, not a corridor quote.
When you still buy the wire
If only a bank account will do, you still buy the wire.
ID Remit credits a Starryblu balance. A hospital, a landlord, or a payroll file that only takes a bank credit is still an order at your bank.
That is the product on this page. The bank-to-bank message underneath is a different compare. ID Remit vs SWIFT
- Buy the wire for a bank creditYou pay outgoing. They may pay incoming. Cut-off still applies. Use it when the payee will only take a bank account.
- Send the ID for a Starryblu balanceAccount ID, phone, email, QR, or a receive link. Confirm the name. Transfer fee S$ 0 both ways.
FAQ
The wire product, asked at the desk
Who pays, what cut-off does, and when you still place the order at the bank.
Is a bank wire the same as SWIFT?
No. A wire is the product on your statement; SWIFT is how banks often message it along. This page is the purchase — the SWIFT compare page is the network.
Who pays the wire fee — me or them?
You usually pay outgoing. They can pay incoming at their bank, and that line is not on your receipt. ID Remit is S$ 0 to send and S$ 0 to receive.
Does the person receiving a wire pay a fee too?
Often yes — their bank can take an incoming wire charge. Incoming ID Remit does not add a transfer fee.
What happens if I miss the wire cut-off?
The order waits for the next banking day, and you still paid the outgoing fee. ID Remit has no desk cut-off — it arrives within 1 second after you confirm.
When do I still buy a wire from my bank?
When the payee will only take a bank credit — ID Remit cannot post to their bank account. It credits a Starryblu balance with Account ID, transfer fee S$ 0.
Send from Starryblu
Open an account. Skip the two invoices.
Not a purchase from the bank. Arrival within 1 second. Transfer fee S$ 0 both ways.