InstaReM Reviews and Comparison - Seedly
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InstaReM

  • Overview
  • Reviews (450)
  • Questions (0)
  • More Details
Remittance/InstaReM
Remittance/InstaReM
4.7
450 reviews

Claimed

This product is managed by InstaReM.

USER RATINGS

Customer Support

4.4

Ease of Transfer

4.6

User Experience

4.5

InstaReM

0.25% to 1% of mid-market rate
TRANSACTION FEES
$200
MIN. TRANSFER AMOUNT
1-2 days
TRANSFER SPEED
[EXCLUSIVE] $15 top up on first overseas transaction of above S$1000 on InstaReM using promo code "SEEDLY". Valid till 31 Dec 2020.

    InstaReM

    0.25% to 1% of mid-market rate
    TRANSACTION FEES
    $200
    MIN. TRANSFER AMOUNT
    1-2 days
    TRANSFER SPEED
    [EXCLUSIVE] $15 top up on first overseas transaction of above S$1000 on InstaReM using promo code "SEEDLY". Valid till 31 Dec 2020.

Details

InstaReM Singapore Review 2020

  • InstaReM is a digital remittance service in Singapore that provides secure, fast remittance at competitive and transparent money transfer rates.
  • Many Seedly Reviewers cite InstaReM's low fees and attractive exchange rates as what sets them apart from big banks and other money transfer/ remittance competitors.
  • Transfers also appear to be very fast and easy, with many users receiving money within the same business day.
  • Get to transfer money easily as InstaReM has an app that makes the transferring process convenient, and user-friendly
  • To use InstaReM, you are required to sign up, verify your account with the necessary documents, and set up your bank accounts. The approval process would take about 2/3 working days.
  • As a user, get to earn bonus points each time you transfer and you can redeem them against your transactions.
  • As exchange rates are constantly fluctuating, InstaReM provides senders with a calculator to check exactly how much their receivers will obtain
Read More about InstaReM
Reviews (450)

4.7

450 Reviews

  • 5
    353
  • 4
    78
  • 3
    6
  • 2
    2
  • 1
    11

Read Review About...

Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 1d ago

    Purchased

    InstaReM

    Easy, Simple and most of all, reliable. No hidden charges, what you see is what you get. Would have been even better with better rates!!
    0 comments
    0
    Post
  • Updated 3d ago

    Purchased

    InstaReM

    Great experience with InstaReM so far... meeting all the expectations!! Best exchange rates...! Recommended to all.
    0 comments
    0
    Post
  • Updated 2w ago

    Purchased

    InstaReM

    [Exchange Rates] I use Instarem to send money home regularly. It provides the best conversion rate, and it gets the job done.
    0 comments
    0
    Post
  • Updated 2w ago

    Purchased

    InstaReM

    More convenient compare with money changer and I can exchange my money back to Malaysia anytime [Exchange Rates] Higher than others [Hidden Charges] No
    0 comments
    0
    Post
  • Updated 2w ago

    Purchased

    InstaReM

    Better exchange rate and faster transaction processing time. Customer service helpful for any inquiry
    0 comments
    0
    Post
Questions (0)
Recent ActivityUnansweredTrending
No questions 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 and transparent fees.
  • The InstaReM app also has 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 InstaReM Works

  1. Sign up on InstaReM
  2. Fill up personal details
  3. Upload supporting official documents to allow for verification
  4. Verify Mobile using the 6 digit code sent to your registered phone number
  5. Set Up your transfer - enter your desired currency and amount into InstaReM's calculator to check exactly how much your recipient will get
  6. Make the transfer - choose your transfer method, fill up recipient details and voila!

Countries available for transfer

InstaReM supports currencies from 5 continents:

  • 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

  • Contact number: +65 6950 1132
  • Address: NIUM, #20-05, Hong Leong Building, ​16, Raffles Quay​, Singapore 048581​
  • For more info, you can visit InstaReM's Website and Help Centre