InstaReM Money Transfer Reviews and Comparison - Seedly
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InstaReM Money Transfer

  • Overview
  • Reviews (506)
  • Questions (0)
  • More Details
Remittance/InstaReM Money Transfer
Remittance/InstaReM Money Transfer
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This product is managed by InstaReM.

USER RATINGS

Customer Support

4.4

Ease of Transfer

4.6

User Experience

4.5

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

[EXCLUSIVE] S$15 top up on first overseas transaction of above S$1,000 using promo code "SEEDLY". Valid till 31 January 2021.

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

[EXCLUSIVE] S$15 top up on first overseas transaction of above S$1,000 using promo code "SEEDLY". Valid till 31 January 2021.

Details

InstaReM Singapore Review 2021

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!

Read More about InstaReM Money Transfer
Reviews (506)

4.7

506 Reviews

  • 5
    402
  • 4
    81
  • 3
    8
  • 2
    2
  • 1
    13

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    Most HelpfulMost RecentLow to HighHigh to Low
    pinned

    Pinned by InstaReM

      Updated 3d ago

      Purchased

      InstaReM Money Transfer

      Best exchange rates compared with other remittance providers. Fund Transfer is very Instant, really helpful. Great job InstaRem Team.

      1

      InstaRem

      InstaRem

      profile

      3d ago

      Hi Balaji, We are thrilled to hear that you had a wonderful experience while remitting with InstaReM. Also, thank you for finding the time to share your positive experience with others!
      Post
      Updated 18h ago

      Purchased

      InstaReM Money Transfer

      Transfer is quite easy especially to the Philippines, but recently the transaction keep failing, even though i use exact same method and same amount. Better buck up Instarem [Others]

      0

      Post
      Updated 3d ago

      Purchased

      InstaReM Money Transfer

      [Exchange Rates] Exchange rate are very competitive [Hidden Charges] Good that all the charges are shown before next step [Ease of Transfer] It’s really ease to transfer. Just a suggestion to add apple pay in transfer method without any charge.

      1

      InstaRem

      InstaRem

      profile

      3d ago

      Hi Goram, Thank you for taking the time to share your positive feedback! We are sincerely pleased to hear that your experience with InstaReM has been pleasurable thus far. Also, we are extremely thankful for your suggestion! We will make sure to do our best and add apple pay to make your experience with us even better.
      Post
      Updated 3d ago

      Purchased

      InstaReM Money Transfer

      They give very good exchange rates when compare to others, also for each transaction you will get some insta points so that you can redeem on next transaction.

      1

      InstaRem

      InstaRem

      profile

      3d ago

      Hi Murali, We are thrilled to hear that you had a wonderful experience while remitting with InstaReM. Also, thank you for finding the time to share your positive experience with others!
      Post
      Updated 5d ago

      Purchased

      InstaReM Money Transfer

      [Exchange Rates] [Ease of Transfer] Gives the Best Exchange rate & Funds transfer also very Quick. Highly Recommended. Good user Interface.

      1

      InstaRem

      InstaRem

      profile

      5d ago

      Dear Sitharam, Thank you for taking the time to share your positive feedback! We are sincerely pleased to hear that your experience with InstaReM has been pleasurable thus far. We hope that your future transactions with InstaReM are as smooth as silk and as fast as light!
      Post
    Questions (0)
      Recent ActivityUnansweredTrending

      No Question Found.

      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.

      Features of InstaReM

      InstaReM lists the following features on its website:

      • 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
      • 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

      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

      Contact InstaReM

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