facebookInstarem Money Transfer Ratings Jun 2024

Instarem Money Transfer

  • Key Features
  • Reviews (1354)
  • Discussions (0)
  • More Details
claimed
Claimed

This product is managed by Instarem.

Summary

Product Page Transparency

  • Claimed in August 2020
  • Pays to access additional features

Instarem Singapore Review 2024

Instarem is a digital remittance service in Singapore that provides secure and fast remittance at competitive and transparent prices (often better than what the big banks and other money transfer operators or remittance platforms charge, with minimal markup).

Cross borders payments and transfers are fast and easy through the user-friendly app, and you can get your money transferred within the same business day.

The platform is ideal if you want wide market access to over 50 countries.

And it even has a loyalty program where you can earn InstaPoints each time you make a transfer or make a referral. Ultimately, you can redeem InstaPoints on transfers!

...see more

Popular Products

Summary

Product Page Transparency

  • Claimed in August 2020
  • Pays to access additional features

Instarem Singapore Review 2024

Instarem is a digital remittance service in Singapore that provides secure and fast remittance at competitive and transparent prices (often better than what the big banks and other money transfer operators or remittance platforms charge, with minimal markup).

Cross borders payments and transfers are fast and easy through the user-friendly app, and you can get your money transferred within the same business day.

The platform is ideal if you want wide market access to over 50 countries.

And it even has a loyalty program where you can earn InstaPoints each time you make a transfer or make a referral. Ultimately, you can redeem InstaPoints on transfers!

...see more

Instarem Money Transfer

0.25% to 1% of Mid-market rate
TRANSACTION FEES
$200
MIN. TRANSFER AMOUNT
1 to 2 days
TRANSFER SPEED
40+
SUPPORTED COUNTRIES

Instarem Money Transfer

0.25% to 1% of Mid-market rate

TRANSACTION FEES

$200

MIN. TRANSFER AMOUNT

1 to 2 days

TRANSFER SPEED

40+

SUPPORTED COUNTRIES

Reviews (1354)

4.7

1354 Reviews

5
1108
4
174
3
25
2
8
1
39

Service Rating

Customer Support

4.6

Ease of Transfer

4.8

User Experience

4.7

      Posted 3d ago

      Purchased

      Instarem Money Transfer

      First time using instarem, [Exchange Rates] is based on market and transparent [Ease of Transfer] easy to setup to transfer and highly recommended [Hidden Charges] is transparent and competitive as compared to Dash or other platform

      0

      What are your thoughts?

      Posted 12d ago

      Purchased

      Instarem Money Transfer

      Highest exchange rate so far, fees can be improved to lower charge. But still i recommend this platform

      0

      What are your thoughts?

      Posted 16d ago

      Purchased

      Instarem Money Transfer

      [Exchange Rates] Good rates with an exchange fee [Ease of Transfer] Transfer is very easy and faster.. Can save the template for easier re transfer [User Interface] Very minimal and neat UI

      0

      What are your thoughts?

      Posted 23d ago

      Purchased

      Instarem Money Transfer

      Money transfer to another country was seamless. The rate was competitive and no hidden fees. Funds got transferred within an hour.

      0

      What are your thoughts?

      Posted 25d ago

      Purchased

      Instarem Money Transfer

      Money transfer function is very useful and simple to use. There are no hidden fees and the exchange is competitive.

      0

      What are your thoughts?

      Posted 31 May 2024

      Purchased

      Instarem Money Transfer

      The transfer was successful. App is easy to use. Quite user friendly and convenience to use without error.

      0

      What are your thoughts?

      Posted 29 May 2024

      Purchased

      Instarem Money Transfer

      [Ease of Transfer] Easy to use and the money is guaranteed to bank in to recipients. [Exchange Rates] Exchange rate is follow the market rate

      0

      What are your thoughts?

      Posted 28 May 2024

      Purchased

      Instarem Money Transfer

      [Ease of Transfer] It was quick , and safe transaction will use this instarem in future also [Exchange Rates] best in the market [User Interface] more user friendly

      0

      What are your thoughts?

      Posted 28 May 2024

      Purchased

      Instarem Money Transfer

      [Ease of Transfer] Very quick in transfer and easy interface to navigate. Better rates compared to others and no hidden charges.

      0

      What are your thoughts?

      Posted 27 May 2024

      Purchased

      Instarem Money Transfer

      Very easy to use application, comes with a competitive rates. Bank account link is also working fine. Please add more promos!

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

      Popular Products

      About Instarem

      Instarem is a leading digital cross border payments platform that enables consumers and SMEs to send and collect international money transfers conveniently and securely. Connected in over 100 markets and 65 markets in real-time, Instarem seeks to make global money transfers quick, easy, and cost-effective. Instarem is a licensed service provider with licenses in Australia, Singapore, Hong Kong, Malaysia, India, UK, US, EU and Canada. .

      Features of Instarem

      • Zero-Margin FX Rates: mid-market exchange 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
      • Low nominal fees that differ with different destinations
      • Many reviews cite Instarem having one of the most competitive exchange rates in Singapore, with minimal mark-ups, and a transparent fee structure
      • Instarem also offers corporate account for businesses that require transacting in various currencies often. Instarem helps remove complexities from business payments and introduce you to fast, cost-effective international payments, executed through competitive FX rates and low to help you save big, as well as a seamless transparent platform to to better track your business transactions.
      • The Instarem app also has a decent UI that is user-friendly and convenient for facilitating money transfer. With Instarem’s mobile apps, you can send money seamlessly, monitor your transfers and check the status of your transfers

      How Does Instarem Work?

      All you need to do is sign up for an Instarem account:

      1. Sign up on Instarem with your email, Google or Facebook account
      2. Fill up your personal details
      3. Upload supporting official documents for verification
      4. Verify your mobile using the 6 digit code sent to your registered phone number
      5. Set up your transfers by entering your desired currency and amount into Instarem's calculator to check exactly how much your recipient will get
      6. Choose your transfer method, fill up your recipient's details and voila! they'll be wired the money

      If you own a small or medium business, you can also set up a business account and use InstaReM as your global payment solution to send, spend, and receive money.

      Countries Available for Transfer with Instarem

      Instarem supports cross border payments and transfers across:

      • Asia: Bangladesh, China, Hong Kong, India, Indonesia, Malaysia, Nepal, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Thailand, and Vietnam
      • Europe: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherland, Portugal, Spain, and UK
      • North America: USA, Canada, Mexico
      • Oceania: Australia

      Which countries levy taxes on outward flow of money?

      While most countries do not levy taxes on outward flow of money, India imposes GST both on currency conversion and the service charge. Malaysia imposes GST on service changes for outward remittance transaction.

      Which countries levy taxes on inward flow of money?

      Few Latin American countries levy taxes on inward remittances. While Instarem deposits the exact amount to the recipient that you see on the screen while setting up the transfer, the recipient's bank may deduct taxes from the receiving amount at their end.

      Contact Instarem

      • Contact number: +65 6950 1132
      • Address: NIUM, #20-05, Hong Leong Building, ​16, Raffles Quay​, Singapore 048581​

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.