Transfer Funds from Singapore to Malaysia with Panda Remit: Fast, Transparent & Easy
熊猫速汇PandaRemit - 2025-12-23 16:27:29.0 5
If you’re looking to send money from Singapore to Malaysia, Panda Remit is the official preferred option for transferring funds directly to a Touch 'n Go (TNG) wallet. With competitive fees, a seamless transfer process, and fast delivery, Panda Remit is the smart choice for both individuals and families, especially those who prefer a digital-only solution. Panda Remit is a trusted partner of TNG, enabling quick and cost-efficient remittances. Learn how you can benefit from this partnership, and how you can send money instantly with Panda Remit today.
How to Send Money from Singapore to Malaysia Using Panda Remit
To send money from Singapore to Malaysia using Panda Remit, follow the simple steps outlined in this official guide. You can transfer money directly to the recipient's TNG wallet in Malaysia with the Panda Remit app, and there’s no need to worry about long processing times or complex steps.
The Benefits of Using Panda Remit for Monthly Allowance Transfers
For the Silver Hair Group (elderly family members), sending money to Malaysia for monthly allowances is made incredibly simple with Panda Remit. Transferring funds directly to a TNG wallet is far more convenient than sending to a bank account, as the recipient doesn’t need to visit a physical branch or worry about lengthy bank processing times. The TNG wallet is accessible through an app, making it easy for recipients to access their funds anytime, anywhere.
Cost Comparison: Panda Remit vs Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Transfer Fee | Fixed Fee | Proportional Fee |
| Transfer Speed | 2-minute Arrival | 1-5 Days |
| Exchange Rate Transparency | Clear and Fixed | Varies, Often Less Transparent |
| Operational Complexity | Easy App Interface, No SWIFT Code Required | Requires SWIFT Code and Bank Approvals |
Why Panda Remit’s Fixed Fee is Better than Proportional Charges
Unlike traditional services like Wise, which charge a percentage-based fee, Panda Remit offers a fixed fee for transfers. This means that when you send large amounts (over $800 SGD), you will pay a much lower fee with Panda Remit compared to services that charge based on the amount sent. This fixed fee structure ensures greater cost-effectiveness for higher transfers, saving you money in the long run.
The Full Digital Experience: Send Money Without Visiting a Bank
With Panda Remit, you can enjoy a fully digital transfer experience. From making a local PayNow payment in Singapore to having the funds deposited directly into the recipient’s TNG wallet in Malaysia, the entire process is completed online. This eliminates the need to visit a physical bank, making it the most efficient solution, especially for elderly family members or students who don’t have local Malaysian bank accounts or prefer not to deal with physical bank statements.
FAQ
What is the best app to send money from Singapore to Malaysia?
The best app for sending money from Singapore to Malaysia is Panda Remit. It offers fast transfers, fixed fees, and a transparent process. As the official TNG partner, Panda Remit enables direct transfers to TNG wallets, ensuring quick access to funds.
Is Panda Remit safe to use for sending money to Malaysia?
Yes, Panda Remit is safe. It is regulated by the Monetary Authority of Singapore (MAS), holding a financial license (license number: PS20200501), ensuring trust and compliance with all necessary standards. With Panda Remit, your money is secure and arrives in as little as two minutes.
How does Panda Remit compare to traditional banks in terms of fees?
Panda Remit offers a significant advantage over traditional banks by charging a fixed fee, unlike banks that charge based on the transfer amount. When sending larger amounts, Panda Remit is often more cost-effective. Plus, the transfer process is simpler and faster, with no need for SWIFT codes or lengthy approval processes.
