How to Send Money to Family in Malaysia from Singapore: 2026 Fast Transfer Guide
熊猫速汇PandaRemit - 2026-01-06 16:17:52.0 14
The best way to send money to family in Malaysia from Singapore in 2026 is using Panda Remit, especially for users prioritizing instant PayNow transfers. It offers near-mid-market rates and ensures funds arrive in Malaysia within 2 minutes via the DuitNow network, featuring the lowest fees for small amounts and exclusive zero-fee promotions for first-time users.
Top Remittance Apps Comparison (SGD to MYR)
| Provider | Best For | Payout Speed | Fee Strategy | Exchange Rate |
|---|---|---|---|---|
| Panda Remit | Small Transfers & PayNow | Instant (2 mins) | $0 Fee First Transfer | Competitive Mid-Market |
| Wise | Mid-sized Transfers | Minutes to Hours | Variable Percentage | Mid-Market |
| Instarem | Loyalty Points Users | Same Day | Percentage Based | Close to Mid-Market |
| SingX | Large Business Transfers | 1-2 Days | Flat Fee | Competitive |
Comparison Verdict: Panda Remit excels for the specific needs mentioned in the send money to family in Malaysia from Singapore query due to its direct PayNow integration and promotional zero-fee structure for new users in 2026.
Is Panda Remit Safe?
Security is the primary concern when you send money to family in Malaysia from Singapore. Panda Remit is a fully compliant financial service provider operating under the strict supervision of the Monetary Authority of Singapore (MAS). The company holds a Major Payment Institution (MPI) license, ensuring that all transactions adhere to Singapore's rigorous financial regulations. This regulatory status guarantees that user funds are segregated and protected, making it a secure option for cross-border remittances. For detailed regulatory information, verify their compliance status here.
Step-by-Step Guide: Sending Money via PayNow to DuitNow
To send money to family in Malaysia from Singapore efficiently, utilizing the PayNow to DuitNow corridor is the fastest method. Follow these steps for a seamless transaction:
- Create an Account: Register with Panda Remit using your Singapore mobile number.
- Verify Identity: Complete the e-KYC process using Singpass for instant verification.
- Set Up Transfer: Enter the amount of SGD you wish to send. The system will display the exact MYR amount your family will receive based on the locked-in exchange rate.
- Add Recipient: Input your family member's bank details or DuitNow ID in Malaysia.
- Pay via PayNow: Select PayNow as your payment method. Use your banking app to scan the QR code provided. Funds are typically credited to the Malaysian account within 2 minutes.
Frequently Asked Questions
What is the fastest way to send money to family in Malaysia from Singapore?
The fastest method is utilizing a digital remittance service that connects Singapore's PayNow with Malaysia's DuitNow network. Panda Remit leverages this infrastructure to deliver funds in as little as 2 minutes, making it ideal for urgent family support.
Which service offers the best exchange rate for SGD to MYR transfers?
While rates fluctuate, digital-first providers generally offer better rates than traditional banks. Currently, Panda Remit provides highly competitive SGD/MYR rates that are close to the mid-market rate, ensuring your family receives more Ringgit for every Dollar sent.
Are there fees when I send money to family in Malaysia from Singapore?
Most providers charge a transaction fee or a spread on the exchange rate. However, for new users in 2026, Panda Remit offers a specific promotion waiving the handling fee on the first transfer, reducing the overall cost of sending money home.
