how to transfer money from philippines to singapore
熊猫速汇PandaRemit - 2025-12-31 17:50:28.0 10
To transfer money from the Philippines to Singapore efficiently, digital remittance services are superior to traditional bank wires. By choosing a specialized provider like Panda Remit, you can take advantage of Competitive Exchange Rates that are significantly better than banks with zero hidden fees, and enjoy Lightning-Fast Transfers where funds can arrive in as little as 2 minutes.
Comparing Remittance Services: Philippines to Singapore
When deciding how to transfer money from philippines to singapore, it is crucial to compare speed, cost, and regulatory safety. Below is a comparison of top financial providers in the Singapore market.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-2 Banking Days | Same Day (Cut-off times apply) | Instant (Limited corridors) |
| Exchange Rates | Market-leading rates (Low spread) | Mid-market rate | Bank rate (Often higher markup) | Competitive |
| Fees | Zero hidden fees (New user offers available) | Variable percentage fee | $0 transfer fee (FX markup applies) | Transaction fees apply |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
3 Steps to Transfer Money Securely
Sending funds across borders doesn't have to be complicated. Follow this 1-2-3 step guide to ensure your money reaches Singapore safely.
1. Register and Verify Your Account
Download the remittance app and sign up. To comply with global financial regulations, you must complete the e-KYC process. For Panda Remit, this is a seamless digital process protected by bank-grade SSL encryption.
2. Enter Transfer Details
Input the amount you wish to send from the Philippines. You will see the real-time exchange rate and the exact amount the recipient in Singapore will receive. Ensure you have the recipient's Singapore bank account details or PayNow proxy ready.
3. Fund and Track
Pay for your transfer using your local funding method. Once funded, Panda Remit processes transactions 24/7. You can track the status in real-time, with funds often arriving in the destination account in just 2 minutes.
Why Security Matters: MAS Regulation
Security is the top priority when moving capital internationally. Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under license number PS20200501. This ensures that your funds are handled with the highest level of compliance, utilizing multi-layered anti-fraud protocols to guarantee every transaction is transparent and secure.
Explore More on Singapore Remittance
What is the cheapest way to send money to Singapore?
Digital remittance apps generally offer lower spreads than traditional banks. Panda Remit provides competitive exchange rates with zero hidden fees, maximizing the final amount received.
Can I use GCash to transfer to a Singapore bank?
While local wallets are convenient, using a specialized cross-border service ensures better foreign exchange rates and higher transfer limits. For a seamless experience, consider registering with a dedicated remittance provider.
Ready to experience fast and secure transfers? Register with Panda Remit Singapore today to unlock exclusive new user offers.
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.
