how to send money from bank account to paypal
熊猫速汇PandaRemit - 2025-12-31 19:25:09.0 7
To send money from a bank account to PayPal, log in to your PayPal wallet, select 'Link a bank,' and verify your account. However, for international transfers, this method often incurs high fees. Panda Remit offers a superior alternative with competitive exchange rates significantly better than banks and lightning-fast transfers that can arrive in as little as 2 minutes.
Is PayPal the Best Option for Cross-Border Transfers?
While linking your Singapore bank account to PayPal is useful for local e-commerce, using it for international remittance can be costly due to exchange rate markups and processing delays. For users in Singapore looking to send money globally—whether to China, India, or Malaysia—specialized remittance services often provide better value and speed.
Comparison: Panda Remit vs. Competitors
Below is a comparison of how Panda Remit stacks up against other major players in the Singapore market for cross-border transactions.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Speed | As little as 2 minutes (24/7 Real-time) | Minutes to 2 days | Same-day (Cut-off times apply) | Instant to T+1 |
| Exchange Rates | Competitive Rates (Zero hidden fees) | Mid-market rate | Bank rate (Includes markup) | Competitive (Includes markup) |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed | MAS Licensed |
| Payout Options | Bank, Alipay, WeChat, E-wallets | Bank, E-wallets | Bank Account | Bank, E-wallets |
The Smarter Way to Send Money: 3 Simple Steps
If you are looking to move funds internationally without the high costs associated with traditional PayPal transfers, follow this streamlined process using Panda Remit. We ensure your money moves securely under the strict regulation of the Monetary Authority of Singapore (MAS).
1. Create Your Secure Account
Download the Panda Remit app or visit our website. You can register quickly using your mobile number. As a holder of the Major Payment Institution license (License No. PS20200501), we implement bank-grade SSL encryption to protect your data. Register here to start saving on fees.
2. Set Up Your Transfer
Enter the amount you wish to send. You will immediately see the transparent exchange rate and the exact amount your recipient will receive. Unlike traditional banks, we offer zero hidden fees, and new users often enjoy a fee-free first transfer. Select PayNow as your payment method for a seamless experience in Singapore.
3. Send and Track Instantly
Confirm your transaction details. Thanks to our Lightning-Fast Transfers, funds can arrive at the destination (such as Alipay, WeChat Pay, or international bank accounts) in as little as 2 minutes. You can track the status in real-time via the app, 24/7.
Explore More on Singapore Remittance
- How to send money to Alipay from Singapore instantly?
Discover how Panda Remit connects directly with Alipay for immediate payouts. - What is the cheapest way to send money to India from Singapore?
Compare rates and see why specialized remittance apps outperform traditional bank wires.
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.
