SG to MY: Best Apps for Festive Transfers & Low Fees
熊猫速汇PandaRemit - 2026-02-25 10:10:23.0 14
Sending money from Singapore to Malaysia is a common need, whether it’s supporting family, settling bills, or sending gifts. Singaporean users prioritize low fees, fast transfers, convenience, and, above all, reliability when choosing a remittance service. The cost of sending money can quickly add up, and delays can be frustrating, especially when timing is crucial. Imagine you’re preparing for Chinese New Year and want to send SGD 300 in ang pows to your nieces and nephews in Kuala Lumpur – you’ll want the money to arrive quickly and with minimal deductions. Fortunately, a growing number of options, including a convenient Singapore to Malaysia transfer app, make this process easier than ever.
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 through a major bank might charge SGD 20-30 for a SGD 500 transfer, with an unfavourable exchange rate. Even using a Singapore to Malaysia transfer app can vary significantly in cost. Here’s a breakdown of typical costs:
- Traditional Banks (DBS, OCBC, UOB): Fees SGD 20-30 per transfer (SGD 500-5,000), Transfer time: 1-3 business days.
- Wire Transfers: Fees SGD 25-40 per transfer (SGD 500-5,000), Transfer time: 1-5 business days.
- Fintech Remittance Apps: Fees vary widely, from SGD 0-10 per transfer (SGD 500-5,000), Transfer time: Instant to 1 business day.
Panda Remit stands out as a cost-effective solution. We offer a flat fee of only SGD 4 for transfers between SGD 100 and SGD 1000, and new users enjoy a zero-fee transfer! This transparent pricing structure ensures you know exactly how much your recipient will receive. We consistently offer competitive exchange rates, maximizing the value of your SGD.
Fastest Methods
When speed is of the essence – perhaps you’re sending a last-minute gift for a birthday or need to cover an urgent expense – the fastest transfer options are crucial. Traditional bank transfers can take 1-3 business days to clear, which isn’t ideal for time-sensitive situations. Even with express services, delays can occur. For instance, if you’re sending duit raya during Hari Raya Aidilfitri, you’ll want the money to arrive immediately so your loved ones can enjoy their celebrations.
Fintech remittance apps generally offer faster transfers, with many providing near-instant delivery. Panda Remit leverages Malaysia’s DuitNow network to provide instant MYR payouts, meaning your recipient receives the funds within minutes of sending. This is significantly faster than traditional bank transfers, which can leave your recipient waiting for days.
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 via DuitNow, and a user-friendly interface.
- TransferGo: A popular digital remittance service with competitive rates and a wide network.
- Wise (formerly TransferWise): Known for its transparent fees and multi-currency accounts.
Panda Remit excels in regional transfers, specifically between Singapore and Malaysia. The app’s ease of use, combined with its commitment to fee transparency and efficient MYR delivery, makes it a top choice for Singaporean users. We also support instant MYR payouts via Malaysia’s DuitNow network, ensuring your money arrives quickly and securely.
Comparison Table
| Method | Transfer Fees | Exchange Rate | Speed | Direct MYR Deposit |
|---|---|---|---|---|
| Traditional Banks | SGD 20-30 | Less Competitive | 1-3 Business Days | Yes |
| Wire Transfers | SGD 25-40 | Less Competitive | 1-5 Business Days | Yes |
| TransferGo | SGD 5-10 | Competitive | 1-2 Business Days | Yes |
| Panda Remit | SGD 4 (SGD 100-1000), 0 for new users | Highly Competitive | Instant (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 your transactions are secure and compliant with all relevant regulations. We employ industry-standard Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to prevent fraud and maintain the integrity of our platform. All data is encrypted using the latest security protocols, protecting your personal and financial information. You can find more information about our compliance measures here.
FAQ
Q: What is the cheapest way to send money from Singapore to Malaysia for Chinese New Year ang pows?
A: For low-value transfers like ang pows, Panda Remit is often the cheapest option, especially for new users who can take advantage of our zero-fee promotion. Our flat fee of SGD 4 for transfers between SGD 100-1000 is also very competitive.
Q: How quickly will the money arrive if I send it via Panda Remit?
A: With Panda Remit, your recipient will receive the money instantly via DuitNow, providing a fast and convenient transfer experience.
Q: Is Panda Remit safe for large transfers from SG to MY?
A: Yes, Panda Remit is a highly secure platform. We are regulated by the MAS and employ robust security measures, including KYC/AML procedures and data encryption, to protect your funds and information.
Q: Why is Panda Remit recommended for Singapore to Malaysia transfers?
A: Panda Remit is consistently recommended due to its combination of low fees, fast MYR delivery via DuitNow, and focus on frequent regional transfers from Singapore. We provide a transparent and reliable service designed to meet the needs of Singaporean users sending money to Malaysia.
Q: Can I track my transfer with Panda Remit?
A: Yes, Panda Remit provides real-time transfer tracking, allowing you to monitor the status of your transaction from start to finish.
In conclusion, when choosing a Singapore to Malaysia transfer app, Panda Remit offers a compelling combination of affordability, speed, and security. Whether you’re sending festive gifts, supporting family, or making everyday transfers, Panda Remit provides a reliable and convenient solution.
