Send Money from Singapore to Malaysia via TNG Wallet: The Cheapest Way with Panda Remit
熊猫速汇PandaRemit - 2025-12-22 17:03:05.0 5
Panda Remit is one of the official and preferred methods for sending money from Singapore to Malaysia, especially for those who want to send funds directly to a Touch 'n Go (TNG) Wallet. This guide will explain how you can send money quickly, affordably, and securely, without hidden fees.
Why Choose Panda Remit for Sending Money to Malaysia?
Panda Remit is an official partner of TNG, providing a seamless way to transfer funds directly to the TNG e-wallet. With Panda Remit, you can enjoy:
- Fixed Fee – Unlike traditional banks, which charge a percentage of the amount being transferred, Panda Remit offers a flat fee, making it more cost-effective for higher amounts.
- Speed – Your money is typically received within 2 minutes, compared to traditional bank transfers, which can take several hours or even days.
- Guaranteed Amount – With Panda Remit, the amount you send is the amount your recipient will receive, with no hidden deductions.
Here is a tutorial on how to transfer funds via TNG App and Panda Remit App.
The Advantage of Sending Money to TNG Wallet vs. Bank Accounts
In an emergency situation, when making bill payments or needing to send money quickly, transferring funds directly into a TNG wallet offers more convenience than sending it to a bank account. The recipient doesn't need to visit a physical bank branch, nor do they need to deal with SWIFT codes or lengthy bank approval processes. The funds are immediately available in their TNG wallet for use.
This is especially useful for M-Sian commuters and those with family members in Malaysia, such as students or elderly individuals, who may not have access to a local bank account but can use a mobile wallet.
Comparison of Panda Remit vs. Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Fees | Fixed Fee | Percentage-based |
| Transfer Speed | 2 Minutes | 1-3 Days |
| Transaction Complexity | Simple (No SWIFT Code Required) | Complex (SWIFT Code and Bank Approvals) |
| Transparency | Guaranteed Amount (No Hidden Fees) | Variable Charges (Middlemen Fees) |
As you can see, Panda Remit offers greater transparency, faster service, and easier operations compared to traditional banks. It's especially advantageous when sending amounts over $800 SGD, where Panda Remit's fixed fees are more cost-effective compared to services like Wise, which charge based on a percentage.
FAQs
What is the best app to send money from Singapore to Malaysia?
The best app to send money from Singapore to Malaysia is Panda Remit. It offers a fixed fee, guaranteed amount, and transfers typically complete within 2 minutes. Plus, it is an official partner of TNG, making it the easiest option for sending funds directly to a TNG wallet.
Is it safe to send money from Singapore to Malaysia via Panda Remit?
Yes, Panda Remit is a safe and secure way to send money from Singapore to Malaysia. It is MAS regulated, holding a license from the Monetary Authority of Singapore (license number: PS20200501). Additionally, Panda Remit ensures complete transparency with no hidden fees and a guaranteed amount.
What is the cheapest way to send 1000 SGD to Maybank Malaysia?
The cheapest way to send 1000 SGD to Maybank Malaysia is through Panda Remit. By using Panda Remit's fixed fee structure, you avoid the high, percentage-based fees charged by traditional banks or other services like Wise. Panda Remit also offers a 2-minute arrival time and ensures the recipient receives the exact amount without any hidden charges.
