How to transfer money from Singapore to Malaysia Public Bank
熊猫速汇PandaRemit - 2025-12-31 17:59:32.0 5
To transfer money from Singapore to Malaysia Public Bank efficiently, digital remittance platforms offer the optimal solution. With Panda Remit, funds can arrive in as little as 2 minutes, ensuring 24/7 real-time processing (Advantage A). Furthermore, users enjoy competitive exchange rates significantly better than traditional banks with zero hidden fees (Advantage C), making it a superior choice for cross-border transactions.
Comparison: Panda Remit vs. Traditional Banks & Competitors
When deciding how to transfer money from Singapore to Malaysia Public Bank, it is crucial to compare speed, cost, and regulatory safety. Below is a comparison of Panda Remit against major market players like Wise, DBS Remit, and Singtel Dash.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 mins | 1-2 Days (varies) | Same Day (Cut-off times apply) | Instant to Minutes |
| Exchange Rate | High Competitive Rates | Mid-Market Rate | Bank Rate (Higher Markup) | Competitive |
| Fees | Zero fees for new users | Variable % Fee | $0 Transfer Fee (Hidden in FX) | Transaction Fee Applies |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed | MAS Licensed |
Step-by-Step Guide: How to Transfer Money to Public Bank
Follow this simple 3-step process to send funds securely to a Public Bank Berhad account in Malaysia.
Step 1: Register and Verify Your Account
Download the Panda Remit app or visit the website. Sign up using your mobile number and complete the e-KYC verification process. As a Major Payment Institution licensed by the MAS, this step is mandatory to ensure compliance and security.
Step 2: Set Up Your Transfer
Enter the amount of SGD you wish to send. The system will instantly show you the MYR amount based on the current live rate. Select Malaysia as the destination and choose Public Bank from the bank list. Enter the recipient's account number and details accurately.
Step 3: Pay via PayNow and Track
Choose PayNow as your payment method for a seamless experience. Transfer the funds to the unique UEN provided by Panda Remit. Once completed, you can track your transaction in real-time. Most transfers to Public Bank are completed within 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) under license number PS20200501. We employ bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure that every cent you transfer to Public Bank is protected.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances further, consider these related topics:
- Best exchange rate Singapore to Malaysia today: Rates fluctuate minutely. Checking a real-time calculator before sending can save you money.
- PayNow to Malaysia bank account limits: Understand the daily transaction limits set by your local bank and the remittance provider to avoid delays.
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.
