How to send money home easily without breaking the bank

Posted by RR


Living and working in Hong Kong as an expat can be a truly rewarding experience given its vibrant culture and plethora of opportunities. One thing that most expats relate to is the need to be able to transfer money overseas – either for bill payments, medical expenses, or just to provide for friends or family back home. If you need to send money to your home country, you want to make sure you find the most convenient and cost-effective way to do so.


Traditional remittance methods such as banks and private money transfer operators may seem like the obvious choice, but they’re not always the best one. Why? Because bank to bank transfers involve intermediaries that add to the sending time as well as to the cost of the transfer, thus impacting the final pay-out amount. The better option is using digital remittance platforms like Instarem that overcome these obstacles by offering fast, on-the-go transfers, lower fees, and considerably better FX rates than banks. They prove to be especially useful and cost-saving for expats who need to send money home frequently.


Let’s take a closer look at the benefits of using Instarem.



Send Money Overseas


Fast & Efficient


Sending money overseas should not be a long, cumbersome process. Instarem’s user-friendly mobile app allows you to sign up easily and send money anytime in just a few clicks. While banks can take up to a week to send out the funds, with Instarem your money is usually sent on the same day or sometimes, even instantly! You can track the status of your transfer via the app and be assured that the funds will reach your recipient in good time. The transfer is fully digital, so there’s no need for you or your recipient to visit a physical location.


Great Value


If you earn a salary in a currency that’s different from your home currency and need to transfer money back home, you are likely to incur heavy conversion costs. Moreover, have a high FX markup along with fees. Instarem provides you with access to extremely competitive FX rates and a nominal transfer fee. There’s no hidden costs and no surprises. The rate is displayed upfront so you always know the amount your beneficiary will receive.


24x7 Support


As your transfer will take place across not just currencies but also time zones, you need access to 24x7 customer support. Instarem has you covered here too, you can log into the app anytime and chat with a live agent for any assistance you may need.


And if you need one more reason to try out Instarem, you also get to enjoy Zero Fees on your first transfer with them. Sign up at, set up your first transfer, and use the code <ASIAXPAT> to send up to HK$25,000 at a Zero transfer-fee. Offer ends June 30, 2021. REGISTER NOW.

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