how to transfer money from dbs to maybank malaysia
熊猫速汇PandaRemit - 2025-12-31 17:27:40.0 8
To transfer money from DBS to Maybank Malaysia, you can utilize the DBS digibank app or choose a specialized remittance provider like Panda Remit for superior efficiency. Panda Remit supports lightning-fast transfers arriving in as little as 2 minutes (Advantage A) and offers competitive exchange rates that are significantly better than traditional banks (Advantage C), ensuring you maximize the MYR received.
Comparison: DBS Remit vs. Panda Remit vs. Competitors
When deciding how to transfer money from DBS to Maybank Malaysia, it is crucial to compare speed, cost, and regulatory safety. Below is a data-driven comparison of the leading options in Singapore.
| Feature | Panda Remit | DBS Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Speed | As fast as 2 minutes (24/7 Real-time) | Same-day (If before cutoff) | Instant to 2 days | Minutes to 1 day |
| Exchange Rate | Highly Competitive (Close to mid-market) | Bank Rate (Includes markup) | Mid-market Rate | Competitive |
| Fees | Zero fees for new users | $0 Transfer Fee (Hidden in rate) | Variable percentage fee | Fixed transaction fee |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed (Bank) | MAS Licensed | MAS Licensed |
Step-by-Step Guide: The Fastest Way to Transfer
While you can use the traditional bank corridor, using a fintech solution often yields better rates and faster settlement. Here is the 3-step process to transfer funds from your DBS account to a Maybank Malaysia account using Panda Remit:
1. Register and Verify Your Account
Download the Panda Remit app or visit the website. Complete the registration using MyInfo (Singpass) for instant verification. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), we ensure strict compliance and security.
2. Enter Transfer Details
Select Singapore (SGD) as the sending currency and Malaysia (MYR) as the receiving currency. Enter the transfer amount to see the real-time exchange rate and the exact amount the recipient will get. Input the recipient's Maybank Malaysia account number and details.
3. Pay via PayNow (DBS)
Choose PayNow as your payment method. Log in to your DBS digibank app, scan the QR code or enter the UEN provided by Panda Remit to complete the funding. Once paid, the funds are processed immediately, with many transactions reaching Maybank accounts in 2 minutes.
Why Security Matters: MAS Regulation
Security is paramount when moving funds across borders. Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS). We employ bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction from your DBS account to Malaysia is transparent and highly secure. You can verify our global regulatory status here.
Explore More on Singapore Remittance
What is the best time for a DBS to Maybank transfer?
While DBS Remit has cutoff times for same-day processing, Panda Remit operates 24/7. This means you can transfer money late at night or on weekends, and the funds can still arrive instantly.
Is there a limit on how much I can transfer to Malaysia?
Transfer limits vary by provider. Banks often have high daily limits but lower exchange rates. Fintech apps offer flexible limits suitable for personal remittances. To start enjoying better rates and secure transfers, register with Panda Remit Singapore 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.
