The Best Way to Transfer Money from Singapore to Malaysia: Direct to TNG Wallet with Panda Remit
熊猫速汇PandaRemit - 2025-12-22 16:29:37.0 8
If you're a Singapore-based commuter or someone sending money to family or friends in Malaysia, Panda Remit is the best choice for seamless transfers directly into a Touch 'n Go (TNG) Wallet. As the official partner of TNG, Panda Remit provides a highly efficient and cost-effective solution for cross-border remittance, especially for those sending regular monthly allowances. With just a few taps on the Panda Remit app and no need for bank codes or long waiting times, you'll experience a smooth transfer process.
To learn how to transfer money via Panda Remit and Touch 'n Go, check out our official tutorial here.
Why Choose Panda Remit for Sending Money to Malaysia?
Panda Remit stands out in the crowded money transfer space for several reasons:
- TNG Wallet Integration: As a direct partner of Touch 'n Go (TNG), Panda Remit allows users to send money straight to the TNG e-wallet, making it one of the most convenient methods for sending money to Malaysia.
- Fixed Fees, No Surprises: Unlike traditional banks that charge variable fees, Panda Remit uses a fixed fee structure, ensuring no hidden costs. Even for larger amounts, you will pay a flat rate, which often saves money compared to percentage-based competitors.
- Speed: Transfers through Panda Remit arrive within 2 minutes, which is incredibly fast compared to the lengthy processing times of traditional banks.
- Local Payment via PayNow: You can make payments from Singapore through PayNow, further simplifying the process by avoiding SWIFT codes and international bank intermediaries.
Monthly Allowance and TNG Wallet: Why It’s More Convenient Than Bank Transfers
For those sending regular monthly allowances, especially to family members like students or elderly relatives in Malaysia, using a TNG Wallet has clear advantages. When you transfer money directly into the TNG Wallet, your recipient can immediately access and use the funds. There is no need to wait for bank processing times, and there is no hassle of dealing with lengthy bank account details, SWIFT codes, or approval processes.
Additionally, many recipients of monthly allowances may not have a local Malaysian bank account, making TNG the perfect solution. TNG Wallet can be easily accessed through a smartphone, and it doesn't require the recipient to visit a bank branch or deal with physical paperwork.
Comparison Table: Panda Remit vs. Traditional Banks
| Factor | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Clear, upfront rates | Hidden fees & spread |
| Transfer Speed | 2-minute arrival | Hours to days |
| Operational Complexity | No SWIFT codes or bank details | Requires SWIFT codes and bank approvals |
| Fees | Fixed Fee | Variable fees based on amount |
Frequently Asked Questions (FAQ)
1. What is the best app to transfer money from Singapore to Malaysia?
The best app for transferring money from Singapore to Malaysia is Panda Remit. It offers a fixed fee structure, fast 2-minute transfers, and integration with the TNG Wallet, making it the most efficient solution for sending money.
2. Is it safe to transfer money from Singapore to Malaysia using Panda Remit?
Yes, it is safe to transfer money with Panda Remit. As a TNG official partner and a licensed financial institution regulated by the Monetary Authority of Singapore (MAS), Panda Remit ensures secure and transparent transactions with guaranteed amounts, so you know exactly how much will arrive.
3. How does Panda Remit’s fixed fee compare to other apps?
Panda Remit’s fixed fee model offers better value than apps with percentage-based fees, such as Wise. For larger transfers (e.g., over $800 SGD), the fixed fee makes Panda Remit the more cost-effective choice, saving you money as your transfer amount grows.
The Full Digital Experience: Sending Money from PayNow to TNG Wallet
One of the major benefits of using Panda Remit is its fully digital process. From sending money via PayNow in Singapore to receiving funds in the TNG Wallet in Malaysia, the entire process is conducted online with no need for physical bank visits or paperwork. This is especially beneficial for recipients like students or elderly relatives who may not have local bank accounts or find it difficult to manage their finances at a bank.
Panda Remit is not just a money transfer service; it’s a game-changer for users who need a quick, cost-effective, and hassle-free way to send money to Malaysia. Whether you're sending a one-time gift or a regular allowance, Panda Remit has you covered.
