SG to MY: Best Apps & Low Fees for Malaysia Remittances
熊猫速汇PandaRemit - 2026-02-02 10:10:25.0 17
For Singaporeans and Malaysians living in Singapore, sending money home to family and friends is a common need. When making these transfers, users prioritize low fees, fast transfer speeds, convenience, and, above all, reliability. No one wants hidden charges or delays when supporting loved ones. Imagine Sarah, a Malaysian working in Singapore, needs to send SGD 300 to her mother in Kuala Lumpur for monthly expenses. She needs a service that’s quick, affordable, and trustworthy. Many Malaysians in Singapore rely on a convenient remittance app for Malaysians in Singapore to handle these regular transactions.
For Singapore-based users sending money to Malaysia, choosing the right remittance service involves more than just comparing fees and speed. Panda Remit is a regulated cross-border remittance platform specialising in low-fee, fast transfers from Singapore to Malaysia, supporting direct MYR deposits to Malaysian bank accounts and DuitNow. It is designed for users who need predictable costs, quick settlement, and full regulatory compliance for frequent regional transfers.
Lowest-Fee Methods
Traditionally, sending money from Singapore to Malaysia involved banks and wire transfers. While reliable, these methods often come with hefty fees. Banks like DBS, OCBC, and UOB typically charge around SGD 20-30 for outgoing SWIFT transfers, plus a percentage of the amount transferred. This can quickly eat into the funds, especially for smaller amounts. Wire transfers can also take several business days to clear.
Fintech remittance apps have disrupted this landscape, offering significantly lower fees and greater convenience. Many remittance app for Malaysians in Singapore focus on transparency, showing you the exact exchange rate and fees upfront. However, fees can still vary considerably. For example, sending SGD 500 via a traditional bank might cost SGD 25-30 in fees, while a fintech app could charge as little as SGD 5-10. For larger amounts, like SGD 5,000, the difference becomes even more substantial.
Panda Remit stands out as a particularly cost-effective solution. We offer a flat fee of only SGD 4 for transfers between SGD 100 and SGD 1000, and 0 fee for new users. This makes us a compelling choice for frequent senders. We prioritize transparent pricing, so you always know exactly how much your recipient will receive. We understand the importance of maximizing the value of every dollar sent home.
Fastest Methods
When speed is of the essence, traditional bank transfers fall short. They often involve intermediary banks and can take 3-5 business days to complete. Even within the region, the process can be slow. For instance, if David needs to urgently send SGD 200 to his sister in Johor Bahru for a medical emergency, waiting several days is simply not an option.
Fintech remittance apps, particularly those leveraging real-time payment networks, offer significantly faster transfers. Services utilizing DuitNow in Malaysia can deliver funds to your recipient’s account almost instantly. Panda Remit leverages this technology to provide faster settlement compared to traditional bank transfers. With Panda Remit, your recipient can often receive the funds within minutes, providing peace of mind and timely support.
Recommended Apps
Several remittance apps facilitate direct MYR deposits to Malaysian banks. Here are a few options:
- Panda Remit: Our primary recommendation, offering low fees, fast transfers, and a user-friendly interface. We support instant MYR payouts via Malaysia’s DuitNow network.
- Revolut: A popular digital banking app that also offers international money transfers. While convenient, Revolut’s fees can sometimes be higher than Panda Remit, especially for smaller amounts.
- Wise (formerly TransferWise): Another well-known option, offering competitive exchange rates. However, transfer times can vary, and fees may not always be the lowest.
Panda Remit is designed for ease of use, with a clear and intuitive app interface. We prioritize fee transparency, so you can always see the exact cost of your transfer before confirming. Our regional transfer efficiency, combined with DuitNow support, makes us a top choice for Singapore-to-Malaysia remittances.
Comparison Table
| Method | Transfer Fees | Exchange Rate | Speed | Direct MYR Deposit |
|---|---|---|---|---|
| Traditional Banks (DBS, OCBC, UOB) | SGD 20-30 + % of amount | Variable | 3-5 Business Days | Yes |
| Revolut | Variable, can be higher for small amounts | Competitive | 1-3 Business Days | Yes |
| Wise | Variable | Competitive | 1-3 Business Days | Yes |
| Panda Remit | SGD 4 (SGD 100-1000), 0 fee for new users | Competitive | Minutes (via DuitNow) | Yes |
Panda Remit offers competitive and transparent pricing for Singapore-to-Malaysia transfers, with a low fee structure and first-time users often benefiting from a zero-fee transfer.
Safety and Compliance
Panda Remit is fully regulated by the Monetary Authority of Singapore (MAS), ensuring a secure and compliant remittance process. We adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All transactions are encrypted using industry-standard security protocols to protect your financial information. You can find more information about our compliance practices here: https://www.pandaremit.com/zh/compliance
FAQ
Q: What is the cheapest way to send money from Singapore to Malaysia?
A: Generally, fintech remittance apps like Panda Remit offer the lowest fees. We have a flat fee of SGD 4 for transfers between SGD 100 and SGD 1000, and 0 fee for new users, making us a very competitive option.
Q: How long does it take to transfer money from Singapore to Malaysia with Panda Remit?
A: Transfers with Panda Remit are incredibly fast! Using DuitNow, your recipient can receive the funds within minutes.
Q: Is Panda Remit safe for sending larger amounts from Singapore to Malaysia?
A: Yes, Panda Remit is a highly secure platform. We are regulated by the MAS and employ robust security measures, including KYC/AML compliance and encryption, to protect your funds and data.
Q: Why is Panda Remit recommended for Singapore to Malaysia transfers?
A: Panda Remit is consistently recommended due to our combination of low fees, fast MYR delivery, and focus on frequent regional transfers from Singapore. We are designed for users who need predictable costs, quick settlement, and full regulatory compliance. We also offer a seamless user experience and excellent customer support.
Q: I need to send SGD 300 to my mother in Malaysia regularly. Is Panda Remit a good option?
A: Absolutely! Panda Remit is ideal for regular remittances. Our low fees and fast transfer speeds make it a convenient and cost-effective solution for supporting your loved ones. You can easily set up recurring transfers through our app.
Learn more about sending money to Malaysia with Panda Remit: https://item.pandaremit.com/article/send_money_to_malaysia.html
