UAB Instarem EU is an electronic money institution focused on global money transfers. It provides complex solution for all your remittance needs across 60+ countries across the globe. InstaReM helps you transfer money at Zero-Margin FX Rates within 1-2 business days. InstaReM uses traditional bank to bank transfers to ensure secure transactions.
|Has mobile app:||Yes|
|Has web version:||Yes|
|Available in these countries:||USA, AUS, CAN, HKG, IND, MAS, SGP, Europe, GBP|
|Has budget planner:||No|
|Has bill split:||No|
|Main service fee text:||0 EUR|
|Account opening fee:||0 EUR|
|Main currency:||AUD, CAD, EUR, GBP, HKD, INR, MYR, SGD, USD|
|Number of currencies:||9|
|Other currencies:||GBP, AUD, CAD, EUR, HKD, INR, MYR, SGD, USD|
|Has virtual card||No|
|Has multicurrency card||No|
|Money transfer speed (days):||2|
|Business account has IBAN||No|
|Business account has SEPA||No|
|Business account has SWIFT||Yes|
|Business account has business card||No|
|Business p2p fee has conversion||Yes|
|Business account deposit methods and fees has conversion||No|
|Business account withdrawal methods and fees has conversion||No|
|Business account P2P fee||15 USD (<5000 USD)
20 USD (>=5000 USD)
|Business account opening fee||0 EUR|
|Business p2p fee percent:||12.5 - 16.7%|
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Reviews by users
Review and rate Instarem
They give you the best rate for $. I used multiple online money services before InstaRem, they charge you hefty fees for each transactions. Thanks InstaRem.
This is really an underrated service. There rates are always good and sometimes best in the market. In fact their rate was that good one day that I sent over most of my savings back home. It felt risky, my bank didn't approve the transaction and other complications due to COVID. But the team at InstaRem was very understanding, calling and checking me up, and even giving me additional days to complete the bank transaction at the same rate. One thing that would have really helped us both was their monthly limit. No way to increase it even through KYC or something.
Easy to use and great conversion rates. I was trying to add a federal credit union account but that bank does not show up in your ACH list.There are other options to transfer money from such accounts but some fees would be charged
GET $50-60 worth rewards by following these steps- Signup using referral code VTnhi6 to receive $20 worth INSTAPOINTS. Use the code NEWYEAR12 OR COMPAREREMIT12 for 1st transfer of $1000 or more. Then use code COMPARE30 on your next 2 transfers of $1000 or more to receive $20 rewards. 1st transfer : $12 (NEWYEAR12) 2 &3 tarnsfer : $20 ($10 each) (COMPARE30) You will also get the transaction completion points for the first 3 transfer around 30-45 points
Pros: Very quick and efficient, Great customer service hotline, very responsive. Cons: Found product interface, Ease of sign up And actual exchange rates slightly better on Transferwise.