How to Send Money from Singapore to China with HanShan Remittance and Why Panda Remit Might Be a Better Option

Are you in Singapore and looking to send money back to China? While having a local Singapore bank account may seem like a convenient option, you may find that the associated fees can be quite high, especially when making international transfers. If you’re seeking an alternative way to send money, HanShan Remittance is one of Singapore’s most trusted remittance services with over 20 years of experience. It has physical storefronts and operates for more than 12 hours daily, offering fast and reliable transfers, especially to China. But if you're looking for more competitive exchange rates, lower service fees, and the convenience of transferring money directly to Alipay or WeChat, Panda Remit might be the perfect choice for you.

### What is HanShan Remittance?

HanShan Remittance is one of Singapore’s leading remittance services, operating for over two decades. It has a physical storefront located on the second floor of People’s Park Complex in Chinatown, making it a convenient option for those in the area. HanShan supports over 19 currencies for international transfers, and transfers to mainland China can be completed the same day.

### Countries and Regions Supported by HanShan Remittance

HanShan Remittance supports transfers to more than 100 countries, covering regions such as Europe, the Americas, Asia, and Australia. Their services cater to a wide range of international clients. For example, you can visit their website to check the daily exchange rates for popular currencies like RMB, EUR, USD, and GBP.

### How to Send Money from Singapore to China with HanShan Remittance

HanShan Remittance offers both physical and digital methods for sending money. If you want to use their mobile app, you must be an existing customer who has previously completed a remittance transaction at their physical store. New customers need to visit their store in person, bringing along identification documents. Once you’re registered, you can send money via cash, cheque, bank transfer, PayNow, or NETS.

To send money to mainland China, you’ll need to provide the following details:

- Recipient’s name and phone number
- Recipient’s bank name and branch address
- Sender’s name and identification number (ID card, passport, or other valid IDs)
- Sender’s address and phone number
- Purpose of the remittance
- Proof of income and bank withdrawal slip (for transactions over SGD 30,000)

### Exchange Rates at HanShan Remittance

HanShan Remittance updates its exchange rates for popular currencies daily on its website and Facebook page. While their exchange rate for SGD to RMB is often more competitive than the market rate, it’s important to note that the rates are provided as a reference. For the most accurate, up-to-date rate, it's recommended to call HanShan at 65386280 or email them at hello@hanshanmoney.com.

### HanShan Remittance Fees

The fees charged by HanShan Remittance vary depending on the currency. However, they have a fixed fee structure for all transactions, regardless of the amount being sent. It's important to note that their fees may not be the lowest, especially when compared to digital platforms like Panda Remit.

### Why Panda Remit Might Be a Better Choice

While HanShan Remittance is a well-established service, it may not be the most convenient or cost-effective option for everyone. If you're looking for a better deal in terms of exchange rates and fees, Panda Remit offers a more modern solution.

Panda Remit enables you to send money quickly and easily from Singapore to China without the need to visit a physical storefront. With Panda Remit, you can transfer money directly to your recipient’s Alipay or WeChat account, which is particularly useful if your recipient prefers to receive funds digitally. Furthermore, Panda Remit offers competitive exchange rates and low transaction fees, making it a more cost-effective alternative to traditional remittance services.

### How to Get Started with Panda Remit

Getting started with Panda Remit is simple. Just download their app or sign up on their website, and you can start sending money from Singapore to China in a matter of minutes. The process is entirely digital, and you’ll be able to track your transaction in real-time. Panda Remit also frequently offers promotions, such as zero transaction fees and cashback rewards, so you can enjoy additional savings when sending money.

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If you’re ready to take control of your remittances and enjoy lower fees, better exchange rates, and the convenience of digital transfers, give Panda Remit a try today. Visit the Panda Remit website or download the app to start sending money with ease.