Can I transfer money from UOB to POSB?
熊猫速汇PandaRemit - 2025-12-31 16:59:26.0 8
Yes, you can transfer money from UOB to POSB instantly using FAST or PayNow services. While local bank transfers are seamless, if you need to move funds internationally, Panda Remit is your optimal choice. We are regulated by the Monetary Authority of Singapore (MAS) for maximum security and offer lightning-fast transfers that arrive in as little as 2 minutes, ensuring your money moves as fast as you do.
How to Transfer Money: A Step-by-Step Guide
Whether you are moving funds locally between Singaporean banks or sending money globally, follow these streamlined steps to ensure a successful transaction.
Option 1: Local Transfer (UOB to POSB)
- Log in: Access your UOB TMRW app or internet banking portal.
- Select Transfer: Choose "PayNow" (using mobile number/NRIC) or "Local Transfer" (using the POSB account number).
- Confirm: Enter the amount and approve the transaction. Funds are transferred instantly via the FAST network.
Option 2: Global Transfer (Using Panda Remit)
If you are an expat or global citizen needing to send money abroad from your UOB account, Panda Remit offers a superior experience:
- Register & Verify: Sign up on the Panda Remit app. As a MAS-licensed institution, we ensure a secure verification process.
- Input Details: Enter your transfer amount. You will see our competitive exchange rate and zero hidden fees immediately.
- Pay via PayNow: Select PayNow as your payment method to fund the transaction directly from your UOB account. Your funds can reach global destinations like China, India, or Malaysia in as little as 2 minutes.
Comparison: Panda Remit vs. Market Competitors
When moving money, speed and cost are critical. Below is a comparison of how Panda Remit stacks up against traditional banks and other remittance services in Singapore.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | Bank License | MAS Licensed |
| Transfer Speed | As fast as 2 minutes (24/7) | Varies (Minutes to Days) | Same day (Cut-off times apply) | Instant to specific wallets |
| Exchange Rates | Highly Competitive (Close to mid-market) | Mid-market rate | Bank rates (Often higher spread) | Competitive |
| Fees | Zero fees for new users | Variable percentage fee | $0 transfer fee (FX markup applies) | Transaction fees apply |
Why Your Money is Safe with Panda Remit
Security is our top priority. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. Unlike unregulated entities, we adhere to stringent capital and compliance standards.
We utilize bank-grade SSL encryption and multi-layered anti-fraud protocols to protect every transaction. Whether you are sending SGD 100 or SGD 10,000, your funds are safeguarded throughout the entire process.
Explore More on Singapore Remittance
To maximize your financial efficiency in Singapore, consider these related topics:
- What is the UOB to POSB transfer limit per day?
Daily limits depend on your personal banking settings, usually capped at SGD 200,000 for FAST transfers, but can be adjusted in the UOB app. - How to transfer money from UOB to POSB without a token?
You can use the UOB TMRW app's digital token, which authenticates transactions directly on your smartphone without needing a physical device.
Ready to experience faster, safer global transfers? Register with Panda Remit today and enjoy exclusive rates for your first remittance.
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.
