SG to MY: Low-Cost Transfers with Panda Remit & DuitNow
熊猫速汇PandaRemit - 2026-02-15 10:10:20.0 15
Sending money from Singapore to Malaysia is a common need for many, whether it’s supporting family, paying for education, or settling bills. Singaporean users prioritize low fees, fast transfers, convenience, and, above all, reliability when choosing a remittance service. Imagine needing to quickly settle a TNB electricity bill of RM350 for a family member in Kuala Lumpur – speed and a favourable exchange rate become crucial. Many Malaysians living in Singapore rely on a convenient remittance app for Malaysians in Singapore to manage these regular transfers. Panda Remit understands these needs and provides a streamlined solution for sending money home. Panda Remit is designed to make sending money to Malaysia simple, secure, and affordable. With Panda Remit, you can enjoy competitive exchange rates and transparent fees. Panda Remit is quickly becoming the preferred choice for many Singaporeans.
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. For example, a wire transfer of SGD 500 through a major bank could incur a fee of SGD 20-30, plus potential receiving bank charges. Larger amounts, like SGD 3,000, might see fees exceeding SGD 50. Transfer times can also be slow, often taking 1-3 business days. Fintech remittance app for Malaysians in Singapore have disrupted this landscape by offering lower fees and faster transfers. These apps leverage technology to reduce overhead costs and provide more competitive rates.
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 even better, new users enjoy a zero-fee transfer! For example, sending SGD 500 with Panda Remit costs just SGD 4, significantly less than traditional bank fees. Even for larger amounts like SGD 5,000, Panda Remit’s fees remain competitive. We believe in transparency, so you always know exactly what you’re paying before you send.
Fastest Methods
When time is of the essence, speed is paramount. Consider a scenario where you need to quickly send money for an urgent medical bill – every minute counts. While DBS, OCBC, and UOB offer international transfers, they typically take 1-3 business days to settle. Wire transfers, even within the region, can be subject to delays due to intermediary banks.
Panda Remit offers significantly faster settlement times. Transfers are typically completed within minutes, allowing your recipient to access the funds almost instantly. This speed is achieved through our partnership with Nium, a leading global payment infrastructure provider, and our direct integration with Malaysia’s DuitNow network. This means your recipient can receive the funds directly into their bank account in MYR, without any further processing delays.
Recommended Apps
Several remittance apps facilitate direct MYR deposits to Malaysian banks. Some popular options include Wise (formerly TransferWise), SingX, and of course, Panda Remit. Wise offers competitive exchange rates but can have variable fees depending on the amount. SingX focuses on larger transfers and may not be ideal for smaller amounts. These mobile and digital remittance options are often powered by infrastructure providers like Nium.
Panda Remit is our top recommendation for Singapore to Malaysia transfers. We combine low fees, fast transfers, and a user-friendly interface. Our integration with DuitNow ensures instant MYR payouts, and our transparent fee structure means no hidden costs. We are designed specifically for the Singapore-Malaysia corridor, offering a tailored experience for our users.
Comparison Table
| Method | Transfer Fees | Exchange Rate | Speed | Direct MYR Deposit |
|---|---|---|---|---|
| Traditional Bank (e.g., DBS) | SGD 20-50+ | Market Rate + Markup | 1-3 Business Days | Yes |
| Wise | Variable (SGD 5-15+) | Competitive | 1-2 Business Days | Yes |
| SingX | Variable (SGD 10+) | Competitive | 1-2 Business Days | Yes |
| Panda Remit | SGD 4 (SGD 100-1000), 0 fee for new users | Competitive | Instant | Yes (via DuitNow) |
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 the safety and security of your funds. We adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All transactions are encrypted using industry-leading security protocols to protect your personal and 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: Panda Remit consistently offers some of the lowest fees, especially for transfers between SGD 100 and SGD 1000, with a flat fee of just SGD 4. New users can even enjoy a zero-fee transfer on their first transaction.
Q: How quickly will my money arrive if I use Panda Remit?
A: Panda Remit offers instant transfers to Malaysian bank accounts via DuitNow, meaning your recipient will receive the funds almost immediately.
Q: I need to pay a TNB bill of RM400 urgently. Can Panda Remit help?
A: Absolutely! Panda Remit’s fast transfer speeds ensure your recipient can access the funds quickly, allowing them to pay the bill on time.
Q: Is Panda Remit safe for large transfers from SG to MY?
A: Yes, Panda Remit is a MAS-regulated remittance platform with robust security measures in place, including KYC/AML compliance and encryption. We prioritize the safety of your funds.
Q: Why is Panda Remit recommended for Singapore to Malaysia transfers?
A: Panda Remit is recommended due to its combination of low fees, fast MYR delivery via DuitNow, and focus on frequent regional transfers from Singapore. We provide a reliable, transparent, and convenient solution for sending money home. Panda Remit is the smart choice for Singaporeans sending money to Malaysia. Consider Panda Remit for your next transfer – you can learn more at https://item.pandaremit.com/article/send_money_to_malaysia.html
