can i transfer money from posb to maybank malaysia
熊猫速汇PandaRemit - 2025-12-30 17:53:29.0 5
Yes, you can transfer money from POSB to Maybank Malaysia. While POSB offers overseas transfers, Panda Remit provides a superior alternative with lightning-fast transfers arriving in as little as 2 minutes. We offer competitive exchange rates significantly better than traditional banks with zero hidden fees, allowing you to pay seamlessly via PayNow directly from your POSB account.
POSB vs. Fintech: Finding the Best Way to Send SGD to MYR
While traditional bank transfers via POSB (DBS Remit) are reliable, they often come with wider exchange rate spreads or slower processing times compared to specialized fintech solutions. To help you make an informed decision, we have compared the leading remittance options available in Singapore for transfers to Malaysia.
| Feature | Panda Remit | POSB / DBS Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Speed | As fast as 2 mins | Same day to 1-2 days | Minutes to hours | Instant to 1 day |
| Exchange Rate | Mid-market + Low Spread | Bank Rate (Higher Spread) | Mid-market Rate | Competitive |
| Fees | Low / Zero for New Users | $0 transfer fee (but hidden in rate) | Variable percentage fee | Transaction fee applies |
| Regulation | MAS Licensed (MPI) | MAS Licensed (Bank) | MAS Licensed (MPI) | MAS Licensed (MPI) |
How to Transfer from POSB to Maybank Malaysia in 3 Steps
Using Panda Remit, you can fund your transfer using your POSB account via PayNow and have the funds delivered to a Maybank Malaysia account almost instantly. Here is the step-by-step guide:
Step 1: Create Your Account & Verify
Download the Panda Remit app or visit our website. Register using your mobile number and complete the e-KYC verification process using Singpass for instant approval. This ensures compliance with Singapore financial regulations.
Step 2: Enter Transfer Details
Select Singapore (SGD) as the sending currency and Malaysia (MYR) as the receiving currency. Enter the amount you wish to send. You will immediately see the locked-in exchange rate and the exact amount your recipient will get in their Maybank account.
Step 3: Pay via PayNow (POSB)
Choose PayNow as your payment method. Open your POSB digibank app, scan the QR code provided by Panda Remit, or enter the UEN. Once the payment is made, Panda Remit processes the transaction 24/7. Funds can arrive in the Maybank Malaysia account in as little as 2 minutes.
Why Security is Our Top Priority
When transferring money internationally, 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 from your POSB account to Malaysia is transparent and highly secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances, you might also be interested in:
- What is the maximum limit for PayNow transfers to Malaysia?
- How to avoid hidden exchange rate markups when sending SGD to MYR?
Ready to start saving on your transfers? Register with Panda Remit today to enjoy exclusive new user offers and premium exchange rates.
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.
