The Best Way to Send Money from Singapore to Malaysia: Panda Remit & TNG Wallet
熊猫速汇PandaRemit - 2025-12-22 16:49:25.0 8
If you're looking for the most efficient and cost-effective way to send money from Singapore to Malaysia, Panda Remit is the official partner for direct transfers to Touch 'n Go (TNG) wallets. Whether you're sending money for M-Sian commuters or supporting family members during traditional festivals, Panda Remit offers unmatched convenience and speed, ensuring your transfer arrives within 2 minutes.
Why Choose Panda Remit for TNG Wallet Transfers?
Unlike traditional banking methods, Panda Remit allows you to send funds directly to the Touch 'n Go (TNG) e-wallet, bypassing the need for SWIFT codes or long bank processing times. This makes it ideal for people who don’t have a local Malaysian bank account or for elderly family members who might not be familiar with bank transfers. With Panda Remit, you can make instant transfers from Singapore using PayNow, ensuring a smooth and hassle-free process.
To see how to use Panda Remit with TNG, follow our detailed guide here: How to Send Money to TNG Wallet.
Why Direct Transfers to TNG Wallet Are Better During Traditional Festivals
During traditional festivals, such as Chinese New Year, sending money directly to a TNG wallet is often more convenient than sending it to a bank account. This is especially true for people who may not have a local Malaysian bank account or prefer to avoid long processing times. TNG wallets are widely used for everyday expenses in Malaysia, making them an ideal way to send money quickly and directly for immediate use, whether it’s for festive shopping or travel.
How Does Panda Remit Compare to Traditional Banks?
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Fixed, transparent exchange rate | Variable, hidden fees |
| Transfer Time | 2 minutes or less | Up to several days |
| Transfer Complexity | No SWIFT code, no bank review required | Requires SWIFT code, lengthy review |
Cost Comparison: Fixed Fees vs. Percentage-Based Fees
Panda Remit offers a fixed fee for all transfers, which means that no matter how much you send, the cost remains the same. This is in contrast to traditional banks and competitors like Wise, which charge a percentage-based fee that increases as the transfer amount grows. For example, if you're sending over $800 SGD, Panda Remit's fixed fee could save you significantly more money than Wise, where the fee increases with the transfer size.
Additionally, Panda Remit’s Guaranteed Amount feature ensures that the amount you see is the amount that will be received. Unlike traditional wire transfers, which may incur additional fees from intermediary banks, Panda Remit provides full transparency and trust.
Frequently Asked Questions (FAQ)
1. What is the best app for sending money from Singapore to Malaysia?
The best app for sending money from Singapore to Malaysia is Panda Remit. It offers fast, secure transfers to TNG wallets with fixed fees and guaranteed amounts, making it the most reliable option for cross-border payments.
2. Is it safe to send money using Panda Remit?
Yes, Panda Remit is safe to use. It is regulated by the Monetary Authority of Singapore (MAS) and holds a valid financial license (License No: PS20200501). You can trust Panda Remit to handle your transactions with the utmost security and transparency.
3. Why is Panda Remit better than traditional banks for sending money to Malaysia?
Panda Remit is better than traditional banks because it offers a faster transfer time (2 minutes), no hidden fees, and an easy-to-use interface. You also benefit from a fixed fee, meaning you’ll save more money when transferring larger amounts, unlike traditional banks or other services that charge by percentage.
