InstaReM Reviews and Comparison - Seedly
 

InstaReM

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  • Reviews (327)
  • Questions (26)
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Remittance/InstaReM
InstaReM
4.8
327 reviews

InstaReM

0.25% to 1% of mid-market rate
TRANSACTION FEES
$200
MIN. TRANSFER AMOUNT
1-2 days
TRANSFER SPEED

    InstaReM

    0.25% to 1% of mid-market rate
    TRANSACTION FEES
    $200
    MIN. TRANSFER AMOUNT
    1-2 days
    TRANSFER SPEED
Reviews (327)

4.8

327 Reviews

  • 5
    266
  • 4
    51
  • 3
    4
  • 2
    2
  • 1
    4

Read Review About...

exchange rate

transfer money

high recommend

rate good

rate compare

instarem rate

user friendly

send money

remittance service

rate offer

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  • Updated 5d ago

    Purchased

    InstaReM

    Simple to use app. Competitive exchange rates. Fast transfer. Prompt support from support staff to resolve any queries. Overall good experience.
    0 comments
    0
  • Updated 1w ago

    Purchased

    InstaReM

    [Exchange Rates] Exchange rates were very very competitive, better than other banks. [Hidden Charges] No hidden charges. [Ease of Transfer] Transfer is super fast. Once I transferred to the account via PayNow, I would receive the money in my Indian Bank Account in few minutes. [User Interface] Very easy to navigate and use the application. Highly recommend this. Hoping InstaRen can give more discount codes/ promotions for future transfers.
    0 comments
    0
  • Updated 4w ago

    Purchased

    InstaReM

    Great support and provide updates regarding currency fluctuations.... instant transfer to account via PayNow
    0 comments
    0
  • Posted 4w ago

    Purchased

    InstaReM

    [Exchange Rates] were very competitive with no hidden charges. The ease of transfer and easy to use App user interface was also a delight to use.
    0 comments
    0
  • Posted 4w ago

    Purchased

    InstaReM

    [Exchange Rates] [Ease of Transfer] Fastest way to transfer with best possible rates. No hidden fees. Very easy to use app
    0 comments
    0
Questions (26)

Recent Activity

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Recent ActivityUnansweredTrending

InstaReM AMAZE Card

InstaReM

Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered 4d ago
Nope....Applied for it on the app quite a while back but still not received...and not sure when

Multi Currency Cards

Promo Codes

InstaReM

นิค โกห์
นิค โกห์
Level 2. Rookie
Answered 2w ago
Https://www.instarem.com/invite/YnzxBm

Multi Currency Cards

InstaReM

SK
Shabir Khan
Level 2. Rookie
Answered on 10 Dec 2019
I contacted InstaReM to ask about it, I was informed that it will be available in January.

InstaReM

Travel

Multi Currency Cards

Its been really quiet from InstaReM since then so unclear if they are on track or not. On the Seedly event in late Oct their feature set looked quite new/ambitious and I was bit surprised they were so aggressive about announcing the target launch in December. If there is any unexpected hiccups in implementation, the launch could easily slip to next year.

YouTrip

TransferWise

InstaReM

YouTrip best since their revamp early Nov Revolut on weekdays but lose on weekends and THB Transferwise a small fee and so loses to both above. Instarem remittance only so far, their card product vapour. All cards allow keeping in balance in USD and US purchases. Do let me know if missed anything.

Multi Currency Cards

InstaReM

Also interesting how is the AMAZE development coming along. Perhaps the Country Manager of InstaReM who is on this site can provide insights @Chee Wai - its getting close to the December launch timing mentioned in the Seedly meetup in October; could you provide update on development progress and about query on how FX rate can be seen at POS

Multi Currency Cards

InstaReM

For banks they can give extra benefits due to the (excessive) markups they charge for transactions in foreign currencies. Instarem's selling point is that they cut that cost out, so it's going to be tougher to provide more rewards for foreign spend

Multi Currency Cards

InstaReM

Unfortunately, looks like too tough of a nut to crack as it has been reported recently that InstaReM has pulled out of the race for one of two digital banking licenses that MAS was offering.

Multi Currency Cards

InstaReM

UOB One Card

According to InstaReM, cashbacks, reward points & airmiles will continued to be earnt across your cards Source (right at the bottom): https://www.instarem.com/en-sg/amaze

Multi Currency Cards

InstaReM

AMAZE is looking to be a passthrough for existing credit/debit cards. From what I can see right now, InstaReM can't fund a remittance via credit/debit cards so if this is going to be a feature when AMAZE is rolled out in December, it would likely have a different fee schedule to existing remittances.
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About InstaReM

InstaRem wants to make global money transfers easy. Inspired by his own unnecessary complicated experience of trying to transfer money overseas, InstaRem’s CEO, Prajit Nanu was determined to develop an easier, straightforward way of international money transfers. This pushed him to work with Michael Bermingham, an expert in compliance in Asia, EU and Europe. Together they shared a vision of making international money transfers easy.

How InstaRem Works

Simply input the amount you wish to transfer and the currency you wish for it to be converted to on InstaRem’s comparison tool and register an account.

Good To Know

InstaRem lists the following features on its website:

  • Zero-Margin FX Rates: mid market rates sourced directly from Reuters and while there are no margins, a nominal fee will be charged.
  • Fast & Easy Transfers: After account verification, the recipient of the transfer will typically receive the money in 1-2 days.
  • Loyalty Points: Bonus InstaPoints will be awarded upon account creation and after each transfer. InstaPoints can be redeemed against your transactions.

InstaRem supports currencies in 5 continents. Such currencies include:

  • Asia: Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, Nepal, Philippines, Singapore, Sri Lanka, Thailand, Vietnam
  • Europe: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom
  • North America: USA, Canada, Mexico
  • South America: Argentina, Chile, Colombia, Peru
  • Oceania: Australia, New Zealand

Business accounts are available with InstaRem.

Contact InstaRem

For more info, you can visit InstaRem’s Help Centre here.

You can visit InstaRem here.