Best app for sending money from Singapore to Malaysia
熊猫速汇PandaRemit - 2025-12-30 15:05:16.0 12
Panda Remit is widely considered the best app for sending money from Singapore to Malaysia due to its balance of cost and speed. It offers competitive exchange rates that are significantly better than traditional banks with zero hidden fees. Additionally, it supports lightning-fast transfers, where funds can arrive in your recipient's Malaysian bank account or e-wallet in as little as 2 minutes.
Comparison: Top Apps for SG to MY Remittance
To help you make an informed decision, we have compared the leading remittance providers in Singapore based on speed, cost, and regulatory status.
| Feature | Panda Remit | Wise (TransferWise) | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 mins (24/7 Real-time) | 1-2 Days (Varies by bank) | Instant to Same Day | Instant |
| Exchange Rates | High Competitive Rates (Low spread) | Mid-market rate | Bank Rate (Higher spread) | Wallet Rate |
| Fees | Zero fees for new users; Transparent | Variable percentage fee | $0 (Hidden in FX rate) | Variable transaction fees |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
Why Security and Regulation Matter
When selecting the best app for sending money from Singapore to Malaysia, security is non-negotiable. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure.
How to Send Money to Malaysia in 3 Simple Steps
Sending money across the border should be as easy as sending a text. Here is how to complete a transfer using Panda Remit:
- Create Your Account: Download the app and register. New users often benefit from zero-fee offers on their first remittance.
- Enter Details: Input the amount of SGD you wish to send. You will see the exact MYR amount your recipient will get. Select a payout method, such as a direct transfer to major Malaysian banks (Maybank, CIMB, Public Bank) or E-wallets (Touch 'n Go).
- Pay via PayNow: Complete the transaction seamlessly using PayNow in Singapore. Your funds can arrive in as little as 2 minutes.
Explore More on Singapore Remittance
What is the cheapest way to transfer money from Singapore to Malaysia?
To find the cheapest way, look for non-bank remittance apps like Panda Remit that offer exchange rates closer to the mid-market rate and charge low to zero service fees, unlike traditional banks which often hide costs in the exchange rate spread.
Can I make an instant money transfer from Singapore to Malaysia at night?
Yes. Apps like Panda Remit support 24/7 real-time processing. This means you can send money late at night or on weekends, and the funds can still arrive within minutes.
Ready to experience a faster, safer way to send money? Start your secure transfer with Panda Remit today.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
