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InstaReM Money Transfers Review

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Online money transfers at no-margin, mid-market rates

InstaReM offers online money transfer services using Zero-Margin FX rates, which are mid-market rates sourced from Reuters without any margins or other hidden charges added to it. InstaReM does add a nominal fee to cover transfer costs. The remittance fee and the amount your recipient will receive are openly displayed when you use the platform.

USD 50

Min. Transfer Amount

No limit

Max. Transfer Amount

1 - 2 days

Transfer Speed


Product NameInstaReM Money Transfers
Min. Transfer AmountUSD 50
Max. Transfer AmountNo limit
Transfer MethodsOnline, Bank Account to Bank Account
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Chat, Email
Online Transfer Fee1.00%
Branch Transfer Fee1.00%
Phone Transfer Fee1.00%
Exchange Rate UpdatesDaily

What is InstaReM?

Founded in 2014 in Singapore, InstaReM operates money transfer services in eight countries, including the US. From these locations, InstaReM offers money transfers to 54 countries across Asia, Europe, North America,South America, and Oceania. Currency support vary per location. In the case of the US, InstaReM supports 21 currencies.

The Zero-Margin FX rates that you get when transacting with InstaReM are based on mid-market rates from Reuters. InstaReM guarantees that these rates do not contain any hidden margins or other charges. Customers earn loyalty points for transacting on the platform. They also earn referral fees when friends and acquaintances sign up for an InstaReM account.

Calculate your transfer with InstaReM

Choose your currency and desired transfer amount (minimum $50). Exchange rates change frequently, so visit InstaReM’s site to get a final quote.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How are InstaReM’s exchange rates?

InstaReM offers Zero-Margin FX rates, which are based on the mid-market rate from Reuters and does not contain any added margins or hidden charges. These make its exchange rates competitive with those from other money transfer specialists.

How much will I pay to send money with InstaReM?

Depending on your location, InstaReM charges fees equivalent to 0.25% to 1% of the transferred amount. With its Zero-Margin FX rates, your beneficiary may get more money when you use their services. InstaReM offers complete transparency during the money transfer process, allowing you to check the total amount your recipient will get minus its minimal transaction fee.
Check if there are any InstaReM promo codes available

Minimum transfer amounts and available countries. How much can I send with InstaReM?

In the US, there is a $50 minimum transfer amount for InstaReM transactions. InstaReM allows you to send money to 54 countries worldwide. InstaReM does not have a maximum transfer amount.

What types of transfers does InstaReM support?

InstaReM offers bank-to-bank money transfers to 54 countries worldwide. You cannot transfer funds using cash or a credit card. Unlike many of its competitors, InstaReM does not offer any additional services, such as forward contracts, other than straight money transfer. InstaReM offers email subscription services for its rate watch and FX alert services. It also offers a MassPay platform for business accounts.

How do I send money through InstaReM?

To send money via InstaReM, register for a free personal account online. You may be asked to submit additional documents during the account opening process. You can then login to your account and initiate a transfer. InstaReM will walk you through the process so it shouldn’t be that difficult. To get started, click here.

Note that you should transfer your funds to InstaReM within 24 hours, since the company will cancel your transaction if it does not receive your money within 72 hours.

How do I track my transfer?

You can check the status of the transfer from your InstaReM online account. You will also get an email from InstaReM once your recipient gets the money.

What to look out for?

Although you can send money to 54 countries worldwide, this is somewhat limited by the fact that InstaReM only supports 21 currencies if you’re in the US. The 0.25% to 1% fee that InstaReM charges based on total transaction amount is more than competitive, but it would be good practice to check with other providers to see if the total amount your recipient will get with them would be higher.

Benefits and drawbacks


  • Competitive exchange rates than other FX services
  • Higher exchange rates than local banks
  • Reasonable 0.25% to 1% fee on money transfers
  • Fully transparent transaction process, allowing customers to see the exchange rate, transaction fee, and total amount your recipient will get.
  • Customers get loyalty points and/or bonus coupons when they use the service, and referral fees for friends who sign up for the service.


  • Limited coverage as there are only 21 currencies supported if you’re sending money from the US. Operations are currently limited to 8 countries, including the US.
  • >No Android and iOS smartphone and tablet apps
  • Require supporting documents during account registration
  • Does not offer hedging mechanisms such as spot contracts, market orders, and forward contracts
  • Supports bank-to-bank transfers only
  • You cannot book a transfer using a bank account that is not under your name

Compare InstaReM to other money transfer services

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 0.895 EUR 4,476 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 40.00 0.899 EUR
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
EUR 1,000 1 - 2 days USD 10.00 0.89 EUR 4,441 Use TransferMate to help you send money to almost any country around the world for a small fee. Go to site Show details
USD 1 Within an hour USD 3.99 0.895 EUR 4,472 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.89 EUR 4,449 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1,000 1 day USD 0.00 0.89 EUR 4,449 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
USD 5,000 1 day USD 0.00 0.89 EUR 4,449 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How does InstaReM compare to competitors?

How safe is InstaReM?

InstaReM is licensed by the financial regulators in the 8 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.

Next Steps

Send the money from your bank account to InstaReM’s bank account so that they can start processing your money transfer transaction.


InstaReM offers money transfer transactions using its Zero-Margin FX rate, which is based on the mid-market rate offered by Reuters, without adding margins or other hidden charges. Thus, its rates are competitive with other money transfer specialists and higher than local banks. The 21 currencies it supports if you’re sending money from the US seems limited, though you can send money to 54 countries worldwide. You also cannot avail of any other services such as spot contracts and forward contracts with InstaReM, since it only supports traditional money transfer transactions.

If you want to know more about other money transfer options, you may want to check out our guide to international money transfer services.

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