The currency used in Singapore is the Singapore dollar. Tourists can claim a refund on the 7% Goods and Service Tax (GST) paid on purchases if you spend SGD$100 or more at select retailers.
Before you leave, it is a good idea to advise your banks that you are travelling overseas. Alerting your bank to your travel plans will avoid the automatic cancellation of your card due to an unknown foreign transaction. Don’t leave yourself stranded without access to money!
You can easily access cash overseas by using the Key To The World travel money card, which is available from Escape Travel and can be preloaded with up to 10 different currencies, including Singapore dollars. These currency cards can be used for services and in shops like a credit or debit card, and also to withdraw your own money from ATMs. These cards are handy as you can lock in the exchange rate when you preload your currency, so you are not subject to varying rates.
Singapore has ATMs throughout the city-state – you will find the machines in banks, shopping centres and within MRT stations. International withdrawal fees for Australian cards can be expensive, so it’s a good idea to check these with your bank before travelling.
Make sure you have some cash on hand when you land, as it is always a good idea to travel with a variety of money sources. You can pre-purchase Singapore dollars from Travel Money Oz outlets before travelling to avoid paying higher fees and commissions at the airport or on arrival in Singapore.