How to Send Money from Singapore to Malaysia with Touch 'n Go: Fast, Easy & Secure
熊猫速汇PandaRemit - 2025-12-23 16:55:44.0 7
If you’re looking to send money from Singapore to Malaysia, particularly to the Touch 'n Go (TNG) e-wallet, Panda Remit is one of the top choices. With the ability to transfer funds directly to a TNG wallet, you can skip the hassle of using a local Malaysian bank account. Whether you're a parent helping your child with living expenses or paying off property or car loans, Panda Remit offers a simple, fast, and cost-effective solution.
Why Choose Panda Remit for Transfers to Touch 'n Go?
When sending money from Singapore to Malaysia, the typical process involves banks, SWIFT codes, and long waiting times for transfers. But with Panda Remit, you can make a seamless transfer to the Touch 'n Go e-wallet, one of Malaysia's most popular mobile wallets. Here's how it works:
- Simple & Fast: Transfer your money directly to TNG in minutes (usually under 2 minutes), without the need for any physical bank interaction.
- PayNow Integration: Panda Remit allows for easy local payments from Singapore using PayNow, eliminating the need for complicated cross-border payment setups.
- Official TNG Partner: Panda Remit is an official partner of Touch 'n Go, ensuring a smooth and trusted experience for your transfers.
For a detailed guide on how to complete the transfer using both the TNG app and Panda Remit app, visit the official tutorial on Panda Remit’s website.
The Advantages of Sending Money to a TNG Wallet Over a Bank Account
When sending money to Malaysia for various reasons—whether paying off property or car loans, supporting your family, or providing financial assistance to students—transferring funds directly to a TNG wallet is far more convenient than transferring to a traditional bank account. Here's why:
- Speed: Traditional bank transfers, especially international ones, often take days to process. With Panda Remit, transfers to TNG are completed in just a few minutes.
- Simpler Process: Sending money to a bank account often involves complex steps like entering SWIFT codes and waiting for approval. TNG transfers through Panda Remit are straightforward and free from these obstacles.
- Accessibility: This is especially beneficial for individuals who do not have access to a local Malaysian bank account, like many students or expats.
Comparison of Panda Remit vs Traditional Banks
| Service | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Fixed exchange rate with no hidden fees | Variable rates with hidden charges |
| Transfer Speed | 2 minutes (on average) | 1-3 days |
| Operation Complexity | No SWIFT codes or bank approvals needed | Requires SWIFT codes and may involve bank verification |
As you can see from the table above, Panda Remit offers significant advantages in both speed and transparency compared to traditional banks. Most importantly, there are no hidden fees or surprises when using Panda Remit, unlike the often murky practices of banks.
Frequently Asked Questions
Can I send money from Singapore to Malaysia without a Malaysian bank account?
Yes, you can send money to Malaysia without needing a local bank account. Panda Remit allows you to transfer funds directly to a Touch 'n Go e-wallet, which is the most convenient option for many people, especially those without access to a local bank account.
How does Panda Remit differ from other services like Wise when sending money to Malaysia?
Panda Remit offers a fixed fee for all transfers, while services like Wise charge based on a percentage of the total amount. For larger amounts, Panda Remit's fixed fees can help you save significantly. Additionally, transfers to Touch 'n Go are faster, usually arriving in under 2 minutes.
Is Panda Remit regulated in Singapore?
Yes, Panda Remit is regulated by the Monetary Authority of Singapore (MAS) and holds a financial services license issued by the MAS (License Number: PS20200501). This means your transactions are safe, secure, and fully compliant with Singapore's financial regulations.
With Panda Remit, you can be sure that your money is being transferred quickly, securely, and at a low cost. No hidden fees, no long wait times, and no complicated processes—just a simple, straightforward experience from Singapore to Malaysia.
