Taking Cash In and Out of Singapore
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If you are entering or leaving Singapore carrying a total value of Physical Currency and Bearer Negotiable Instruments (CBNI)* exceeding S$20,000 (or its equivalent in a foreign currency), you are required by law to submit a full and accurate report to the Singapore Police Force. The requirement to report will apply when you are carrying the CBNI for yourself, on behalf of any other person, travelling alone or with other persons.
It will be an offence under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992, if you fail to submit a full and accurate report. You could face:
- A fine of up to S$50,000 or imprisonment for up to three years or both; and
- The CBNI may be seized and/or confiscated upon conviction.
*‘Physical currency’ refers to coins and printed money. Examples of bearer negotiable instruments include a bill of exchange, cheques pay to “Cash”, cheques with “or bearer” not crossed out, promissory note, bearer bond, money order and postal order.
You will need to submit the report in writing using the ‘Physical Currency and Bearer Negotiable Instruments Report (Traveller)’ form i.e. Form NP 727 during the following:
- On arrival in Singapore: Red Channel
- Before departure from Singapore: Immigration counter
The hardcopy form is available at all ICA checkpoints. Alternatively, the form can also be downloaded from the Singapore Police Force website.
There is no restriction to bringing in and taking out any type or amount of CBNI. This reporting requirement is part of the efforts to combat international money laundering and terrorism financing.
You may visit the Singapore Police Force website for more information on:
- Cross Border Cash Movement Reporting
- Notable convictions and confiscations of false/non-declarations
- Statistics on Cross Border Cash Movement Reporting declarations
Note: From 13 May 2024, 0000hrs, all travellers must submit CBNI declarations electronically. Travellers can do so up to 72 hours before your arrival in or departure from Singapore. This replaces the paper-based CBNI declaration that travellers are required to submit to ICA at our checkpoints.
The link to the e-Service to submit CBNI declaration and additional information will be made available on 10 May 2024 on this page. Travellers who are due to arrive in or depart from Singapore on or after 13 May 2024 must submit your CBNI declarations via the e-Service with effect from 10 May 2024.