Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
Check out our full list of pros and cons below.
Fastest Transfer Speed
Minimum Transfer Amount
Maximum Transfer Amount
|Available Currencies||ARS, AUD, BDT, BRL, CAD, CLP, CNY, COP, EUR, GBP, GHS, HKD, IDR, INR, JPY, KES, KRW, LKR, MXN, MYR, NGN, NPR, PEN, PHP, PKR, SGD, THB, TRY, TZS, UGX, USD, UYU, VND|
|Customer Service||Phone, Live chat, Email|
|Pay By||Credit card, Debit card, Bank transfer|
|Receiving Options||Cash pickup location, Bank account, Alipay (China only)|
Instarem has a lot going for it. Competitive exchange rates, zero transfer fees on certain currencies, loyalty points that convert to savings and fast delivery speeds explain why Instarem is a worthy contender for your next money transfer overseas. While it does add a markup to exchange rates, these often fare better than many other transfer providers.
However, forget Instarem if your recipient doesn’t have a bank account as there are no alternatives except when sending funds to someone in the Philippines, where cash pickups are possible. You’ll also want to check the transfer limits compared to what you plan to send as these limits vary depending on the receiving country.
Instarem’s transfer fee is $0 for many types of transactions. What fee you will pay depends on the following factors:
Keep in mind that if you use a credit card to pay for your transfer, your card provider may charge a cash advance fee in addition to Instarem’s transfer fee. Instarem also charges a 2% fee for debit card transactions and a 3% fee if you use a credit card.
While Instarem does offer the mid-market rate exchange rate, it doesn’t offer it for all currencies and at all times of the day. This means that for many of your transfers, there will be a margin on top of the quoted exchange rate. The company doesn’t make it clear what currencies or times this applies to.
Instarem supports both personal and business transfers. Transfers are all completed as a bank transfer, so there are no alternative delivery options. While Instarem doesn’t offer forex tools like forward contracts, it does offer specialised help for business transfers.
To get started with Instarem, you will first need to register for an account.
In the US, you can pay for your Instarem transfer by ACH transfer, debit or credit card or by a wire transfer. Payment methods vary on your country of residence, so if you live outside the US it is best to check before initiating a transfer.
Most transfers with Instarem arrive instantly or within the same day. The exact time varies depending on the currencies involved, the network through which funds are routed and other factors. If you use your debit or credit card to pay, your funds will arrive almost instantaneously.
Transfers typically take
Instarem is licensed by financial regulators in the 9 countries where it maintains operations. It is also ISO/IEC 27001 certified, meaning that it has passed stringent and internationally-accepted information security management standards.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
March 6, 2020
Is this available in Nepal?
March 7, 2020
Thanks for reaching out to Finder.
If you are referring to sending money from US to Nepal with InstaReM, then yes- their money transfer service is available to your recipient in Nepal.
However, if you are referring to using InstaReM’s service for sending money from Nepal, then it is not available at this time. InstaReM, is only available to senders from Australia, Singapore, Hong Kong, Malaysia, Euro Zone Countries, UK, India, Canada and the US.
I hope this helps.