Send Money from Singapore to Malaysia: Easy TNG Wallet Transfers

When it comes to transferring money from Singapore to Malaysia, Panda Remit has become the official choice for a seamless transaction experience. With the ability to send funds directly to a Touch 'n Go (TNG) wallet, it provides a fast, secure, and convenient solution. Whether you're sending money for Property/Car loans or helping family members, Panda Remit offers an unbeatable advantage with local payment via PayNow and a simple, all-digital process.

Why Direct Transfers to TNG Wallet are Better than Bank Transfers

For M-Sian commuters and people with property or car loan obligations, sending money directly to a TNG wallet is a game-changer. Unlike traditional bank transfers, which may take several hours or days, sending money to a TNG wallet through Panda Remit allows your recipient to receive the funds in as little as 2 minutes. This is especially beneficial for paying off last-minute car loans or home payments in Malaysia, where every second counts.

Moreover, TNG is fully compatible with DuitNow, enhancing the integration with Malaysia’s digital payment system, ensuring that the transfer experience is smooth and hassle-free. For those without a local Malaysian bank account or facing difficulties accessing their bank statements, this digital solution is the fastest and most efficient way to transfer funds.

How to Transfer Money to TNG Wallet

Transferring money to a TNG wallet is simple with Panda Remit. According to the official tutorial, you can make a transfer through the Panda Remit app or via the TNG app. To begin, link your PayNow account from Singapore, and from there, initiate the transfer to the recipient's TNG wallet. The process is fully digital, eliminating the need for SWIFT codes and long bank verification processes. You can find the full guide here: How to transfer money to TNG Wallet.

Why Choose Panda Remit Over Traditional Banks

Let’s take a quick look at how Panda Remit stacks up against traditional banks in terms of transparency and speed:

With Panda Remit, the transfer is not only faster, but you also know exactly how much the recipient will receive. There are no hidden fees or unexpected deductions, unlike traditional bank transfers, which often involve intermediary bank charges.

Cost Comparison: Fixed Fee vs. Proportional Fees

Another key advantage of Panda Remit is its fixed fee model. Unlike other services like Wise, which charge based on a percentage of the transfer amount, Panda Remit’s fixed fee offers better value, especially when sending large amounts. For example, if you're sending over $800 SGD, the fixed fee ensures that you won’t pay more than expected, even for larger transfers. With traditional banks, the cost may increase due to variable exchange rates and high transfer fees.

FAQ

1. Is Panda Remit safe for sending large amounts from Singapore to Malaysia?

Yes, Panda Remit is safe for sending large amounts. As a MAS-regulated service, Panda Remit holds a financial license issued by the Monetary Authority of Singapore (License number: PS20200501), ensuring security and compliance with local regulations.

2. How does Panda Remit ensure fast transfers to Malaysia?

Panda Remit guarantees transfers within 2 minutes, thanks to its integration with PayNow for local payments in Singapore and its partnership with TNG. This guarantees fast and secure transactions, without the delays common with traditional banks.

3. Why should I send money to a TNG wallet instead of a bank account?

Sending money to a TNG wallet is faster and more convenient, especially for M-Sian commuters and people managing property or car loans. The money reaches the recipient in as little as 2 minutes and doesn’t require complicated bank verification or SWIFT codes.