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Savings & Spending

4 Common Money Mistakes Singaporeans Make On Overseas Trips

It makes more money sense to keep your remaining foreign currencies for the next vacation instead of changing it back to SGD.

 

The long awaited June school holiday is here and we certainly hope you are making smarter decisions when making purchases overseas. Before you head off for your vacation, here are a few friendly tips for you to get the best exchange rates and how you can manage your foreign currencies in a smarter way.

Read More: 4 Money Mistakes Singaporeans Unknowingly Make While Travelling

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Change The Way You Send Money Overseas

Sending money overseas used to be a pain: high fees, large foreign currency spreads, needing to queue in line, and then wait for days before your money is remitted.

InstaRem offers a smarter, faster and more convenient way to transfer money overseas, with zero exchange rate margins and no hidden charges.

Exclusive For DollarsAndSense Readers: Use the promo code DNS20 to receive an additional SGD $20 when you make an initial transfer of at least SGD $1,000. Let us know what you think!