With globalisation blurring geographical boundaries, recent years have witnessed a rise in international movement of the global workforce, and South Korea is a destination that’s slowly, but steadily, securing its place on the global map.
While South Korea is not typically the first place expats think of relocating to, it is becoming quite a popular choice with expats, thanks to its growing reputation as a leading ‘digital city’ and its magnificent natural beauty. The current inflow of expats to South Korea and outflow of native South Koreans from the country has significantly boosted remittances to the country. If you are looking to transfer money to South Korea, you are probably paying through your nose on money transfers to South Korea - thanks to the high fees and bad exchange rates provided by banks and money transfer operators (MTOs).
That was bad news! But the good news is that digital cross-border platforms such as InstaReM are changing things for the better.
Unlike high street banks and MTOs, InstaReM provides mid-market exchange rates, the same you see on independent sources such as Reuters and Google. And the best part is that we don’t add any margins to it at all.
We charge a percentage based fee that ranges between 0.25% and 1% only. We believe in maintaining complete transparency with our clients, hence, there are absolutely no hidden charges with us. All the charges are displayed upfront on your receipt, along with the amount your recipient will receive at the end of the transaction. So, no nasty surprises with us. We also keep you posted at every stage of your transaction so that you know where your money is.
Sign up with us now and send money to South Korea at Zero-Margin FX rates.
You can also transfer money to other countries in
We top up your account with 75 InstaPoints as soon as you Sign Up.
InstaPoints are loyalty points that you can redeem against your transactions to give you a discount.
More The InstaPoints, More The Discount.