Wise vs PandaRemit: A Comparison for Sending Money from Singapore to UK (SGD 400)

Last updated: December 2025

Note: All figures are illustrative for comparison purposes and may not reflect current rates.

Sending remittances from Singapore to the United Kingdom is a common practice for expatriates, students, and families supporting loved ones abroad. When transferring funds, users typically look for a service that offers a balance of low costs, ease of use, safety, and predictability. This is especially important when sending amounts like 400 SGD, where small differences in fees and exchange rates can have a notable impact on the final amount received in the UK.

Cost & Outcome Comparison

In the case of sending 400 SGD, both Wise and PandaRemit offer competitive solutions, but their pricing structures differ. Wise, using the mid-market exchange rate, applies a percentage fee of 0.45% on the transfer amount. For a 400 SGD transfer, this results in a transfer fee of around 1.80 SGD, with the recipient in the UK receiving approximately £210.89. On the other hand, PandaRemit often promotes $0 fees for new users, offering a flat fee system and making it easier to predict the final transfer amount. In this case, a recipient would receive approximately £211.30.

Safety & Regulation Context

Both Wise and PandaRemit operate under strict regulatory oversight, which ensures that funds are handled safely and securely. Wise, a well-known global money transfer company, is regulated by various authorities, including the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), providing significant reassurance to users regarding fund protection.

PandaRemit, operated by Wotransfer Pte. Ltd., is also regulated by the Monetary Authority of Singapore (MAS). PandaRemit holds a Major Payment Institution License (License No. PS20200501), the same type of license held by traditional Singaporean banks. This ensures the safeguarding of funds in line with MAS regulations, offering users a comparable level of protection. Additionally, PandaRemit complies with UK-specific payout regulations, ensuring that funds are disbursed in accordance with local legal frameworks.

Singapore Payment Context

In Singapore, users have access to several convenient funding methods, including PayNow, DBS iWealth, and other local banks. These local options make the transfer process reliable and efficient. Both Wise and PandaRemit integrate with Singapore's payment systems, offering users seamless access to local funding channels. This ensures a fast and dependable payment process, reducing the chances of delays typically associated with traditional bank wire transfers.

Scenario-Based Assessment

For sending 400 SGD from Singapore to United Kingdom with a focus on Promotion, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus.

Conclusion

When considering sending money from Singapore to the UK, Wise and PandaRemit both present strong options depending on user preferences for fees and predictability. Wise is well-suited for those who are familiar with dynamic exchange rates and are comfortable with a slightly higher, variable fee structure. PandaRemit, on the other hand, offers a simpler, often lower-cost solution, particularly with promotions like $0 fees for new users. Its straightforward fee model can provide a more predictable outcome for users who prioritise transparency and cost certainty.

In terms of safety and regulation, both companies are well-regulated, with PandaRemit backed by the same regulatory standards as Singaporean banks (MAS License PS20200501), and Wise operating under reputable global financial authorities. Both companies offer secure and reliable payment pathways, making either service a viable choice for remittances from Singapore to the UK.