USA IND

₹ 76.08

UK IND

₹ 93.27

USA PHL

₱ 50.64

UK PHL

₱ 62.09

HIGHLIGHTS

Founded in 2014, InstaReM (short for Instant Remittance) is a Singapore-headquartered Fintech company providing fast, secure and cost-efficient digital cross-border money transfer services for individuals and businesses.

The company is currently licensed in Singapore, Australia, Hong Kong, Canada, Malaysia, India, European Union/United Kingdom and the United States. With InstaReM, businesses and individuals in these markets are able to reach out to 3.21 billion people in over 55+ countries worldwide.

In January 2015, InstaReM raised an initial US$500,000 in seed capital from Rocket Internet. In March 2016, InstaReM successfully raised a US$5 million Series A round led by Vertex Ventures, with participation from Fullerton Financial Holdings and Global Founders Capital.

In July 2017, InstaReM received another US$13 million investment of Series B funding, led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings and Global Founders Capital.

WHY INSTAREM?

InstaReM is a disruptor to traditional remittance firms. Here’s why:

  • Transparency: InstaReM’s transaction charges are shown before you make the remittance, unlike banks or traditional remittance firms which charge an FX spread (the difference between the inter-bank currency conversion rate and the rate quoted by the bank or money transfer company) in addition to the transaction fee.
  • Comparative transaction charges: InstaReM offers transparent Zero-Margin FX rates*. The company charges a nominal fee (between 0.25-1%) to cover the costs of processing the transactions. InstaReM ranks as the most cost-effective money transfer service in a number of corridors originating from Asia-Pacific in the World Bank’s Remittance Price Worldwide database. *Applicable only for certain currencies and certain trading hours.
  • Speed of transaction: InstaReM is able to transfer funds typically within 24 hours in Asia, compared to the average two to four days transfer by banks.
  • Wide reach: InstaReM can send funds to over 3.21 billion people in their local bank accounts across the globe. Businesses and individuals from Australia, Hong Kong, Singapore, Malaysia, India, EU and the US are able to remit money to 55+ countries worldwide.
  • Bulk payments: Corporations/SMEs use InstaReM's MassPay platform to manage and control their high-volume remittances to multiple beneficiaries in multiple currencies via a seamless process.

FAST FACTS

  • Reaching over 3.21 billion people across 55+ countries
  • Partner network of 8000+ banks globally
  • Growing team of 150 employees across eight global offices

 

*Daily limit for new users is $1,500.

FEATURES (Currently showing rates for USA to IND change )

Today's Rate
$ Amount
₹ Exchange Rate
$50 - $3000
₹76.08*
Exchange Rate Type
Indicative
Transfer Fee
Bank Account
$ Amount
Fee
Up to $3000
4.00
Transfer Time
Bank Deposit
2 Days
Transfer Type
  • Online Transfer
  • ACH Transfer
  • Wire Transfer
Daily Transfer Limit
NA
Customer Service Info
+1 888-409-3307
Company Headquarter
Singapore
Company Type
Remittance Providers
Mobile App
Company Established
2014
Text Update (SMS)
Yes
Email Updates
Yes
Provider's FAQs
Referral Program
Yes
Key Feature
---
Document Requirements
Either SSN or Following Docs- Passport, Utility Bill, Bank Statement, Driving License.

EDITORIAL REVIEW

No review available.

USER REVIEWS

Arati
Posted on April 03, 2020, 08:32 am

Based on my 1st comment made on March 28th, I am repeating the same points again. Many people have copy pasted exactly the same points in their comments below. Get 850 Instapoints, equivalent to around $22 by using the referral code BnHz7s. Also, earn $32 by using the coupon NEWYEAR12 in your first transaction and coupon COMPARE30 for the next 2 transactions. Steps for every point:- 75 points for signup 300 points for profile completion 400 points for using BnHz7s as referral code. 10 points for every transaction. (3 transactions to use coupon code, then 2 more transactions to use the available Instapoints). Don't forget to mention your experience with Trustpilot. Note# 1. Per month limit of $3000 only initially, so transfer $1000 in your 1st three transactions to use all the 3 coupons. 2. Only 2 pending transactions possible at any point. 3. Only 400 Instapoints can be utilized in one transaction. 4. Make your 4th transaction within 15 days of creating your account as the profile completion points (300), will expire after that. Hope this info will help everyone in earning and utilizing the points in the best possible way.

 
Arati
Posted on April 03, 2020, 08:30 am

Toggle navigation CompareRemit Logo InstaReM PTE Limited Logo InstaReM PTE Limited Reviews 1 2 3 4 5 (317) Write a Review USA IND? 76.08 UK IND? 93.22 USA PHL? 50.71 UK PHL? 62.14 InstaReM PTE Limited Reviews 1 2 3 4 5 Rajesh Kumar Posted on April 03, 2020, 07:10 am Hi Guys, I have wonderful experience with InstaRem. I had a hassle free experience and my amount posted to India within 5-6 days. You will get below Get 850 Instapoints, equivalent to around $22 by using the referral code VTnhi6. Also, earn $32 by using the coupon NEWYEAR12 in your first transaction and coupon COMPARE30 for the next 2 transactions. Steps for every point:- 75 points for signup 300 points for profile completion 400 points for using VTnhi6 as referral code. 10 points for every transaction. (3 transactions to use coupon code, then 2 more transactions to use the available Instapoints). Note# 1. Per month limit of $3000 only initially, so transfer $1000 in your 1st three transactions to use all the 3 coupons. 2. Only 2 pending transactions possible at any point. 3. Only 400 Instapoints can be utilized in one transaction. 4. Make your 4th transaction within 15 days of creating your account as the profile completion points (300), will expire after that. Hope this info will help everyone in earning and utilizing the points in the best possible way 0 1 2 3 4 5 Manoj Patra Posted on April 03, 2020, 01:25 am I was looking for a way to send some money to India to contribute to PM Relief Fund and CM Relief Fund for my state for the ongoing operations against COVID 19. Found Instarem super helpful and breezy. Easy interface, responsive service. I read the review online and used one referral code and Coupon Codes. You can use my code as referral and 2f5e7x use NEWYEAR12 for $12 instant discount and COMPARE30 for 3 more discounts of $10 each. Exchange rate is good as well. Planning to send more funds later as I loved the experience in Instarem. 1 1 2 3 4 5 Vinay Posted on April 02, 2020, 07:37 pm InstaRem has best rates and very reliable. Registration was easy and Transfer was quick. Use referral code ywqQ5n to earn $50 for first 3 transaction. 0 1 2 3 4 5 Keerthi Posted on April 02, 2020, 06:07 pm New users - Receive $50 rewards total. Please use my referral code 4ZAkYS to receive $20 worth INSTAPOINTS while signup. Next, use the code COMPARE30 on your first 3 transfers to receive a total of $30 ($10x3) rewards (Valid till Apr. 30) confirmed the validity period on chat support. Talking about its services - best rate in market even after considering the fee. Transfer completes in 3 business days. 0 1 2 3 4 5 Arati Posted on April 02, 2020, 01:25 pm Based on my 1st comment made on March 28th, I am repeating the same points again. Many people have copy pasted exactly the same points in their comments below. Get 850 Instapoints, equivalent to around $22 by using the referral code BnHz7s. Also, earn $32 by using the coupon NEWYEAR12 in your first transaction and coupon COMPARE30 for the next 2 transactions. Steps for every point:- 75 points for signup 300 points for profile completion 400 points for using BnHz7s as referral code. 10 points for every transaction. (3 transactions to use coupon code, then 2 more transactions to use the available Instapoints). Don't forget to mention your experience with Trustpilot. Note# 1. Per month limit of $3000 only initially, so transfer $1000 in your 1st three transactions to use all the 3 coupons. 2. Only 2 pending transactions possible at any point. 3. Only 400 Instapoints can be utilized in one transaction. 4. Make your 4th transaction within 15 days of creating your account as the profile completion points (300), will expire after that. Hope this info will help everyone in earning and utilizing the points in the best possible way.

 
Rajesh Kumar
Posted on April 03, 2020, 07:10 am

Hi Guys, I have wonderful experience with InstaRem. I had a hassle free experience and my amount posted to India within 5-6 days. You will get below Get 850 Instapoints, equivalent to around $22 by using the referral code VTnhi6. Also, earn $32 by using the coupon NEWYEAR12 in your first transaction and coupon COMPARE30 for the next 2 transactions. Steps for every point:- 75 points for signup 300 points for profile completion 400 points for using VTnhi6 as referral code. 10 points for every transaction. (3 transactions to use coupon code, then 2 more transactions to use the available Instapoints). Note# 1. Per month limit of $3000 only initially, so transfer $1000 in your 1st three transactions to use all the 3 coupons. 2. Only 2 pending transactions possible at any point. 3. Only 400 Instapoints can be utilized in one transaction. 4. Make your 4th transaction within 15 days of creating your account as the profile completion points (300), will expire after that. Hope this info will help everyone in earning and utilizing the points in the best possible way

 
Manoj Patra
Posted on April 03, 2020, 01:25 am

I was looking for a way to send some money to India to contribute to PM Relief Fund and CM Relief Fund for my state for the ongoing operations against COVID 19. Found Instarem super helpful and breezy. Easy interface, responsive service. I read the review online and used one referral code and Coupon Codes. You can use my code as referral and 2f5e7x use NEWYEAR12 for $12 instant discount and COMPARE30 for 3 more discounts of $10 each. Exchange rate is good as well. Planning to send more funds later as I loved the experience in Instarem.

 
Vinay
Posted on April 02, 2020, 07:37 pm

InstaRem has best rates and very reliable. Registration was easy and Transfer was quick. Use referral code ywqQ5n to earn $50 for first 3 transaction.

 
Keerthi
Posted on April 02, 2020, 06:07 pm

New users - Receive $50 rewards total. Please use my referral code 4ZAkYS to receive $20 worth INSTAPOINTS while signup. Next, use the code COMPARE30 on your first 3 transfers to receive a total of $30 ($10x3) rewards (Valid till Apr. 30) confirmed the validity period on chat support. Talking about its services - best rate in market even after considering the fee. Transfer completes in 3 business days.

 
Arati
Posted on April 02, 2020, 01:25 pm

Based on my 1st comment made on March 28th, I am repeating the same points again. Many people have copy pasted exactly the same points in their comments below. Get 850 Instapoints, equivalent to around $22 by using the referral code BnHz7s. Also, earn $32 by using the coupon NEWYEAR12 in your first transaction and coupon COMPARE30 for the next 2 transactions. Steps for every point:- 75 points for signup 300 points for profile completion 400 points for using BnHz7s as referral code. 10 points for every transaction. (3 transactions to use coupon code, then 2 more transactions to use the available Instapoints). Don't forget to mention your experience with Trustpilot. Note# 1. Per month limit of $3000 only initially, so transfer $1000 in your 1st three transactions to use all the 3 coupons. 2. Only 2 pending transactions possible at any point. 3. Only 400 Instapoints can be utilized in one transaction. 4. Make your 4th transaction within 15 days of creating your account as the profile completion points (300), will expire after that. Hope this info will help everyone in earning and utilizing the points in the best possible way.

 
InstaReM PTE Limited
Posted on April 02, 2020, 05:00 pm
Hi Arati, 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!
Nikhil
Posted on April 02, 2020, 12:52 pm

Great promo for new users and great rates- Receive $50 rewards total for your first 3 transactions. After signing up with your email use the code Z5aUOi in the page where you fill your personal details to receive $20 worth INSTAPOINTS.

 
InstaReM PTE Limited
Posted on April 02, 2020, 04:59 pm
Hi Nikhil, We’re so glad you had a good experience with InstaReM. Thank you for finding the time to share your positive experience with others!
Rajesh Kumar
Posted on April 02, 2020, 08:03 am

Hi Guys, I have wonderful experience with InstaRem. I had a hassle free experience and my amount posted to India within 5-6 days. You will get below Get 850 Instapoints, equivalent to around $22 by using the referral code VTnhi6. Also, earn $32 by using the coupon NEWYEAR12 in your first transaction and coupon COMPARE30 for the next 2 transactions. Steps for every point:- 75 points for signup 300 points for profile completion 400 points for using VTnhi6 as referral code. 10 points for every transaction. (3 transactions to use coupon code, then 2 more transactions to use the available Instapoints). Note# 1. Per month limit of $3000 only initially, so transfer $1000 in your 1st three transactions to use all the 3 coupons. 2. Only 2 pending transactions possible at any point. 3. Only 400 Instapoints can be utilized in one transaction. 4. Make your 4th transaction within 15 days of creating your account as the profile completion points (300), will expire after that. Hope this info will help everyone in earning and utilizing the points in the best possible way

 
InstaReM PTE Limited
Posted on April 02, 2020, 04:59 pm
Hi Rajesh, 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!
Hiren Gada
Posted on April 02, 2020, 06:53 am

Best thing about INSTAREM - Gives best rate as you send money with little fee. It will save good amount of money in long period if you transfer money on regular basis. Use referral code "xLFp1V" while registering for $20 worth INSTAPOINTS.

 
InstaReM PTE Limited
Posted on April 02, 2020, 04:59 pm
Hi Hiren, We’re so glad you had a good experience with InstaReM. Thank you for finding the time to share your positive experience with others!

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