The Fastest Way to Transfer SGD to MYR for Maybank/CIMB: TNG Wallet in 2 Minutes

If you are a Malaysian expat in Singapore, you're probably familiar with the hassle of transferring money back home, especially during traditional festivals like Hari Raya, Chinese New Year, or Deepavali. Whether it’s sending a little extra for your parents or paying for a house purchase in Johor Bahru, you want a fast, secure, and convenient way to get your money across without the stress. This is where Panda Remit comes in, offering one of the most efficient methods to transfer Singapore Dollars (SGD) to Malaysian Ringgit (MYR) directly into a Touch 'n Go (TNG) wallet in just two minutes.

Thanks to Panda Remit’s partnership with Touch 'n Go (TNG), you can bypass the usual banking delays and complicated processes like SWIFT codes and long waiting periods. Whether it's for sending money home during the festive season or making quick payments, this solution is tailor-made for both personal and business needs.

Why TNG Wallet is a Game Changer for Festival Transfers

During traditional festivals, sending money directly to a TNG wallet is often more convenient than a regular bank transfer. When you transfer funds to a TNG wallet, your loved ones can access the money instantly, without needing a bank account or waiting days for approval. This is especially useful for older family members, students, or anyone who doesn’t regularly use a bank account. With TNG's DuitNow compatibility, your transfers are both fast and easy.

To make the transfer, simply use the Panda Remit app alongside the TNG app. For a step-by-step guide, visit the official tutorial here to learn how to complete the transfer in just minutes.

Technical Advantages of Using Panda Remit

Panda Remit is proud to be an official partner of TNG, ensuring seamless transfers from Singapore to Malaysia. With Panda Remit, sending money to TNG via PayNow means you don’t need to visit a physical bank. The entire process is completely digital, saving you time and effort, especially if you or your family members do not have a Malaysian bank account.

Additionally, Panda Remit offers fixed fees, unlike other services that charge percentage-based fees. This makes Panda Remit the more economical choice, especially for larger transfers. For instance, when sending over $800 SGD, you’ll save more with Panda Remit than with competitors like Wise, who apply a percentage-based fee.

Quick Comparison: Panda Remit vs Traditional Banks

FAQ

1. What is the fastest way to transfer SGD to MYR for Maybank/CIMB?

The fastest way to transfer SGD to MYR for Maybank or CIMB accounts is through Panda Remit. With Panda Remit, you can send money directly to a Touch 'n Go wallet in just two minutes. You don't need to worry about lengthy SWIFT codes or complicated bank processes.

2. Does Panda Remit charge high fees for sending money to TNG wallets?

No, Panda Remit offers a fixed fee structure, unlike other services that charge percentage-based fees. This means that when you send large amounts of money, Panda Remit’s fixed fees ensure you save money compared to services like Wise. Plus, Panda Remit’s collaboration with TNG ensures your transfer reaches its destination quickly and securely.

3. Is Panda Remit a regulated service?

Yes, Panda Remit is fully regulated by the Monetary Authority of Singapore (MAS), holding financial license number PS20200501. This ensures your transactions are safe, secure, and compliant with Singapore's financial regulations.

When transferring money from Singapore to Malaysia, you can trust Panda Remit to provide transparent rates, quick transfers, and a hassle-free experience. Experience the convenience of direct transfers to TNG wallets and make your traditional festival transfers smoother than ever.