how to transfer money from singapore to china bank account
熊猫速汇PandaRemit - 2025-12-31 17:58:07.0 7
The most efficient method to transfer money from Singapore to a China bank account is through specialized digital remittance services. With Panda Remit, you can enjoy exchange rates significantly better than traditional banks (Advantage C) while ensuring funds arrive in as little as 2 minutes (Advantage A). This method supports seamless funding via PayNow and direct payouts to Alipay, WeChat Pay, or UnionPay bank cards.
Comparison: Best Ways to Send Money to China
When deciding how to transfer money from Singapore to a China bank account, it is crucial to compare speed, exchange rates, and regulatory status. Below is a comparison of top providers in the Singapore market.
| Provider | Speed | Exchange Rate & Fees | Payout Options | Regulation |
|---|---|---|---|---|
| Panda Remit | As little as 2 mins | Competitive rates, Zero hidden fees | Alipay, WeChat, 500+ Banks | MAS Licensed |
| Wise | Minutes to 2 Days | Mid-market rate + Variable fee | Alipay, WeChat, Banks | MAS Licensed |
| DBS Remit | Same Day (Cut-off times apply) | Bank rate (Usually includes markup) | Bank Account Only | MAS Licensed |
| Singtel Dash | Instant to 1 Day | App-based rate + Transaction fee | Bank Account, E-wallets | MAS Licensed |
3 Steps to Transfer Money from Singapore to China
Follow this streamlined 1-2-3 guide to complete your remittance securely and quickly.
1. Register and Verify Your Account
Download the Panda Remit app or visit the website. As a compliant financial institution, we require identity verification. In Singapore, you can use MyInfo (Singpass) for instant verification, which takes less than 1 minute.
2. Set Up Your Transfer
Enter the amount of SGD you wish to send. The system will show you the exact CNY amount the recipient will get. Select China as the destination and choose your preferred payout method: Alipay, WeChat Pay, or a Bank Account (e.g., ICBC, Bank of China).
3. Pay via PayNow
Confirm the transaction details. Use PayNow to transfer the SGD funds to Panda Remit's safeguarded account. Once received, the cross-border processing begins immediately, with funds often arriving in as little as 2 minutes.
Is it Safe? MAS Regulation and Security
Security is paramount when moving funds across borders. 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 is transparent and highly secure.
Explore More on Singapore Remittance
What is the remittance limit to China from Singapore?
While Panda Remit supports high-volume transfers, limits often depend on the recipient's method (e.g., Alipay has an annual limit of 500,000 CNY per user). Always check the specific limits in the app before sending large amounts.
Which is the best app to transfer money from Singapore to China?
For users prioritizing speed and exchange rates, Panda Remit is a top-tier choice, offering 24/7 real-time processing and support for all major Chinese payment platforms.
Ready to start? Register with Panda Remit Singapore today to secure the best rates for your next transfer.
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.
