Zero-Margin FX Rates.To Infinity & Beyond on Overseas Money Transfers.

Instarem
Money Transfer
Business
Personal
Multi-currency
SWIFT
Mobile Apps

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.

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Details
Founded:

2014

Has mobile app:

Yes

Has web version:

Yes

Contacts:
Languages:

English

Emi type:

Money Transfer

Reference number:

901024

Available in these countries:

USA, AUS, CAN, HKG, IND, MAS, SGP, Europe, GBP

Jurisdiction:

SGP

Licenses:

AEMI

Main info

Main info
Has insurance:

No

Has trading:

No

Has budget planner:

No

Has bill split:

No

Has IBAN:

No

Has SEPA:

No

Has SWIFT:

Yes

Main service fee text:

0 EUR

Account opening fee:

0 EUR

Deposit fee:

1) Debit Card = n/a
2) Bank Transfer = n/a
3) Other Methods = n/a

P2P fee:

0,25-1%

Main currency:

AUD, CAD, EUR, GBP, HKD, INR, MYR, SGD, USD

Number of currencies:

9

Conversion fee:

0%

Other currencies:

GBP, AUD, CAD, EUR, HKD, INR, MYR, SGD, USD

Bonus:
Referral program:

Card

Money transfer

Business account

Card
Has card:

No

Has virtual card:

No

Has multicurrency card:

No

Money transfer
Money transfer speed (days):

2

Business account
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%

User Reviews

Ganimed

Amazing and swift service for expats who transfer money to their home countries.

Me

Very quick, easy and smooth transactions. Registration and sign up are very easy to follow too. Keep it up!

Priya

Great money transfer service with excellent rates. Can do better with Instapoints Redemption, with no minimum points to redeem.

Vishanth

Bad experience with this app/business. I wanted to transfer money from INR to USD. The first transfer went fine. The second time I get an email after 2 days asking me to provide additional documentation. After providing all the documentation I get an email saying 'Due to internal policies they can't do my transfer and I'll have to wait 48-72 hours to get my refund'. When pressed further they wouldn't elaborate on the reason why they denied the transfer.

Kris

On an average we get best rates and amount will be credited within 3 days max, which is not bad. So overall a positive experience. I usually transfer from US to India.

Pravin

The process of transfer is easy and swift.

M Shatto

Always a fast and easy process. I really appreciate the service.

Vikram

Its a great online money transfer service with good exchange rate which will take in general 3 - 4 business days to complete the transaction. Here is my Instarem Referral code - ' Y0zQdj ' to signup & send the money to your near & dear ones. Thank you

SV

I was able to successfully transfer money but I had a spend a bit of time figuring out things (approx. 2days).The user interface can be improved a little.For example, while adding bank account I couldn't see the checking account on the Plaid popup until I scroll which I didn't realize on my Mac.When I successfully added the account, it was not auto selected and the error message says 'screen_id cannot be empty', which I had no clue what it means.Also, some messages on the website were not in English.

Chase Walter

Very easy to configure bank accounts. In less than a minute, I could initiate transfer. Great user interface Instarem!!

Imany

As of now i had very good experience with Instarem with all my transactions either to India or Canada..all got in time without any issues.

Aswini

Quick easy steps. Convenient.Need to improve on time duration of the transfer. Hoping to get more conversion rate when transferring higher amounts.

Meunde

Always delivers on time. Competitive rates.

RaNo

Instarem had been great place to send money abroad. With competitive conversion rates. Would recommed friends as well

Yettel

Very easy to use, it connects you with your bank account. Smooth transaction, and as first time user they give you $20 off. Very good app.

Kirsten

I have been using this app/website for over 15 months now. I have transferred close to $40k+ from the US to India. Not just that they consistently gave me better rates but they deliver the money to my Indian account the fastest I have seen someone doing so.

Tim

The system, while functional and straightforward, lacks in simplification like you'd see in cashapp or paypal. Clearly, it's geared more towards transfers internationally- or less America based. I say this as they, so far on the web browser, lack the option to transfer to Th United States for some reason. Yet, during sign up were at least understanding of me being American. Good system overall and functions right, minus 1 point for lack of having foreign friends to transfer to or recommend.

Polly

Its all time my great experience to send money with INSTAREM. Everytime i get good exchange rate in compare to other remittance providers in market.Thanks InstaReM for your great help.

Elumalai

I Like Instarem to transfer funds to India, because always I get the good rate.

Akhile

Simple process, good experience

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