Taking cash / currency out of Singapore
Singapore requires declaration when leaving with cash and bearer-form negotiable instruments above SGD 20,000 equivalent.
Details
Travellers departing from Singapore carrying cash, banker's cheques, bearer bonds, or other bearer-form negotiable instruments totalling SGD 20,000 or more must complete Cash Movement Report at customs before boarding. This threshold aggregates all currencies at exchange-rate parity. Failure to declare is grounds for seizure of the entire cash amount under Corruption, Drug Trafficking and Other Serious Crimes Act s.48C plus criminal prosecution for aggravated cases. Source-of-funds documentation (bank withdrawal receipts, payroll records, sale contracts) may be requested. Legitimate declared movements are not restricted; the requirement is transparency-based to combat money laundering and tax evasion.
Quantity limits
Above SGD 20,000 equivalent triggers declaration
Documentation required
- Cash Movement Report
- Source-of-funds evidence if requested (bank statement, sale contract, payroll)
The other direction
Bringing cash / currency into Singapore(restricted)