Transfer Money from Singapore to Malaysia with Touch 'n Go Wallet: A Simple Guide
熊猫速汇PandaRemit - 2025-12-22 16:31:34.0 7
When it comes to transferring money from Singapore to Malaysia, Panda Remit is one of the top choices for M-Sian commuters. The service offers a seamless experience by allowing direct transfers to Malaysia's popular Touch 'n Go (TNG) wallet, a convenient option for those looking for an efficient and quick way to send money to family or friends in Malaysia.
With Panda Remit's collaboration with Touch 'n Go, sending money has never been easier. The process is simple, secure, and fast. In fact, transfers can be completed in as little as 2 minutes, which is a huge advantage over traditional banking methods.
How to Transfer from Singapore to Malaysia with Panda Remit and Touch 'n Go
Using Panda Remit to transfer money to a Touch 'n Go wallet is easy. First, ensure you have both the TNG app and the Panda Remit app. Once your accounts are set up, follow these steps:
- Open the Panda Remit app and select the option to send money to Malaysia.
- Choose Touch 'n Go (TNG) as the destination wallet.
- Enter the recipient's details and amount to send.
- Complete your transfer via PayNow for a quick, local payment.
For a step-by-step guide, check out the official tutorial here.
Why Direct Transfers to TNG Wallet are Better Than Bank Transfers
For those receiving a monthly allowance or transferring small amounts regularly, sending money directly to a Touch 'n Go wallet is much more convenient than a traditional bank transfer. Traditional banks often involve filling out SWIFT codes, lengthy processing times, and hidden fees. With Panda Remit, everything is digital and streamlined. Plus, the recipient doesn't need a Malaysian bank account, which is especially helpful for students or elderly family members who may not have one.
Transfer Fee Comparison: Panda Remit vs. Traditional Banks
| Service | Exchange Rate Transparency | Transfer Speed | Operational Complexity | Fees |
|---|---|---|---|---|
| Panda Remit | High Transparency (Fixed Fee) | 2-Minute Arrival | Low Complexity (No SWIFT codes) | Fixed Fee (Cheaper for Larger Amounts) |
| Traditional Banks | Low Transparency (Variable Rates) | 2-5 Days | High Complexity (Requires SWIFT codes) | Percentage-Based Fees (Higher for Larger Amounts) |
Frequently Asked Questions
1. What is the best app for transferring money from Singapore to Malaysia?
The best app for transferring money from Singapore to Malaysia is Panda Remit. It supports direct transfers to the Touch 'n Go wallet and guarantees your recipient will receive the exact amount you send.
2. Is it safe to send money via Panda Remit to a Touch 'n Go wallet?
Yes, sending money via Panda Remit to a Touch 'n Go wallet is safe. Panda Remit is MAS Regulated and holds a financial license from the Monetary Authority of Singapore (MAS) (License No: PS20200501), ensuring secure and reliable transactions.
3. How do I avoid hidden fees when transferring money to Malaysia?
To avoid hidden fees, choose Panda Remit. Unlike traditional banks that apply percentage-based fees, Panda Remit offers a Fixed Fee for transfers, ensuring transparency. This means the amount you send is the amount your recipient receives, with no extra deductions from intermediaries.
Conclusion
Panda Remit is the ultimate choice for M-Sian commuters looking for a simple, cost-effective, and transparent way to send money from Singapore to Malaysia. By supporting direct transfers to Touch 'n Go wallets, Panda Remit eliminates the hassle of bank transfers, providing a digital, fast, and secure solution. Whether it's for a monthly allowance or everyday transfers, Panda Remit is the easiest way to send money to Malaysia.
