USA 
IND 
UK 
PHL 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 )
- Online Transfer
- ACH Transfer
- Wire Transfer
EDITORIAL REVIEW
USER REVIEWS
My account and documents were verified and are in good standing. I booked ACH transaction and waiting for to be done seamlessly but to my surprise I found that transaction cancelled due to Instraem Internal Policy. I tired but not getting right answer for what that is. only thing I see is rate went down 10% day after Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ I book the transaction. not a good experience.
1 My account and documents were verified and are in good standing. I booked ACH transaction and waiting for to be done seamlessly but to my surprise I found that transaction cancelled due to Instraem Internal Policy. I tired but not getting right answer for what that is. only thing I see is rate went down 10% day after Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ Customer_support_+1-8-4-4-4-2=OOO67__ I book the transaction. not a good experience.
1 Very very bad experience with Instarem. Instarem is not a good option to transfer instantly. I have initiated the transaction on 03/08.The status shows waiting for Payment.I came to know that the transaction will be completed by 03/17.Please decide how much instant it is.The customer care people also not confident in such a way that it will be completed by atleast 03/17.They are trying to hold the money to make the more delays.i never go for this again. very very bad experience. Priority wise
2 Very very bad experience with Instarem. Instarem is not a good option to transfer instantly. I have initiated the transaction on 03/08.The status shows waiting for Payment.I came to know that the transaction will be completed by 03/17.Please decide how much instant it is.The customer care people also not confident in such a way that it will be completed by atleast 03/17.They are trying to hold the money to make the more delays.i never go for this again. very very bad experience. Priority wise
2 compare to other site rate is more and transferred amount on 3rd day very fast.Please use code DcXPoC new sign up & use code COMPAREREMIT12 for first transfer.
0 compare to other site rate is more and transferred amount on 3rd day very fast.Please use code DcXPoC new sign up & use code COMPAREREMIT12 for first transfer.
0 Started using instarem few months back and this is so far one of the best digital money transfer services considering transfer time, mobile app and the currency rate.
0 
Started using instarem few months back and this is so far one of the best digital money transfer services considering transfer time, mobile app and the currency rate.
0 Great exchange rate but little fees! overall good choice as after paying fees to we get better rate. You can use code XZuZtl while signing up(<external link removed> and get 400 points which worth $10.
0 Great exchange rate but little fees! overall good choice as after paying fees to we get better rate. You can use code XZuZtl while signing up(https://www.instarem.com/invite/XZuZtl) and get 400 points which worth $10.
0 The worst experience I have ever had. These guys intentionally cheat the customers. First, they won't complete the transaction in their advertised times. Then they will promise a full refund. Then delay the refund endlessly. And out of nowhere, arbitrarily deduct a random amount as their "refund charges" so that they can profit at your expense. Avoid dealing with them. Their advertised rates and marketing materials are simply the bait to hook you in and then take you for a ride. I would give negative stars, if it was possible. I am certainly escalating this matter with the concerned officials.
6 The worst experience I have ever had. These guys intentionally cheat the customers. First, they won't complete the transaction in their advertised times. Then they will promise a full refund. Then delay the refund endlessly. And out of nowhere, arbitrarily deduct a random amount as their "refund charges" so that they can profit at your expense. Avoid dealing with them. Their advertised rates and marketing materials are simply the bait to hook you in and then take you for a ride. I would give negative stars, if it was possible. I am certainly escalating this matter with the concerned officials.
6 booked transaction at for 1$= 76+ and rates get lower later. My account and documents are verified already and it's ACH bank transfer. Insata Rem cancelled my transaction later stating internal review and not giving any reason in name for internal review. now rates are lower so I loose good rates without explanation. This is my first time using it and got disappointed.
1 booked transaction at for 1$= 76+ and rates get lower later. My account and documents are verified already and it's ACH bank transfer. Insata Rem cancelled my transaction later stating internal review and not giving any reason in name for internal review. now rates are lower so I loose good rates without explanation. This is my first time using it and got disappointed.
1 Not good experience. My account and documents were verified and are in good standing. I booked ACH transaction and waiting for to be done seamlessly but to my surprise I found that transaction cancelled due to Instraem Internal Policy. I tired but not getting right answer for what that is. only thing I see is rate went down 10% day after I book the transaction. not a good experience.
1 Not good experience. My account and documents were verified and are in good standing. I booked ACH transaction and waiting for to be done seamlessly but to my surprise I found that transaction cancelled due to Instraem Internal Policy. I tired but not getting right answer for what that is. only thing I see is rate went down 10% day after I book the transaction. not a good experience.
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