how to transfer money from maybank singapore to maybank malaysia
熊猫速汇PandaRemit - 2025-12-31 17:39:44.0 7
To transfer funds, you can use Maybank's RegionLink via online banking. However, for a more cost-effective alternative, Panda Remit offers lightning-fast transfers arriving in as little as 2 minutes and competitive exchange rates significantly better than traditional banks. Simply fund via PayNow and payout directly to any Malaysian bank account.
Step-by-Step: Using Maybank RegionLink
If you prefer sticking strictly to the banking ecosystem, Maybank offers a service called RegionLink. Here is the standard procedure:
- Log in to Maybank2u SG: Access your online banking dashboard via the website or mobile app.
- Select Transfer Type: Navigate to "Funds Transfer" and select "RegionLink" (specifically designed for transfers to Maybank Malaysia).
- Enter Details: Input the recipient's account number, amount in SGD or MYR, and confirm the transaction via SMS OTP or Secure2u.
Note: While convenient for internal transfers, bank exchange rates often include a markup spread of 1-3% compared to the mid-market rate.
Comparison: Panda Remit vs. Banks & Competitors
When asking how to transfer money from maybank singapore to maybank malaysia, it is crucial to compare speed and cost. Below is a comparison of Panda Remit against traditional banking and other providers.
| Feature | Panda Remit | Maybank RegionLink | Wise | DBS Remit |
|---|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | 1-3 Business Days | Minutes to Hours | Same Day (Cut-off times apply) |
| Exchange Rates | Competitive (Close to mid-market) | Bank Rate (Higher markup) | Mid-market Rate | Bank Rate |
| Fees | Low/Zero fees for new users | Service fees may apply | Variable percentage fee | $0 transfer fee (Rate markup applies) |
| Payout Method | Direct to Bank/E-wallet | Direct to Account | Direct to Account | Direct to Account |
The Smarter Way: 3 Steps to Transfer via Panda Remit
To maximize the MYR received and ensure your money moves instantly, follow this 1-2-3 guide using Panda Remit:
- Create Your Account: Download the Panda Remit app or visit the website. As a Major Payment Institution licensed by the MAS, verification is quick and secure.
- Set Up Transfer: Enter the amount of SGD you wish to send. You will see the transparent exchange rate and the exact MYR amount the recipient will get. Select "Bank Transfer" as the delivery method to send to a Maybank Malaysia account.
- Pay via PayNow: Complete the transaction using PayNow for seamless payment. Funds are processed immediately, with many transactions completing in under 2 minutes.
Security & Regulation: Is it Safe?
Security is paramount in cross-border finance. Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We employ bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure. Unlike unregulated shadow banking, your funds are safeguarded throughout the process.
Explore More on Singapore Remittance
If you are looking for more specific details on optimizing your cross-border payments, consider these common queries:
- What is the best time to get the highest exchange rate for SGD to MYR?
- Is there a limit on how much I can transfer from Singapore to Malaysia daily?
Ready to start saving on your transfers? Register with Panda Remit today to enjoy zero fees on 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.
