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Instarem Money Transfer

Instarem is a simple, quick and cost-effective way to send money abroad with competitive transaction fees.

Instarem is one of the latest international money transfer providers to enter the market. Since launching in 2015, the company now has a strong customer base of over 10,000 people and is licensed in Australia, Canada, Singapore and Hong Kong. Instarem is solely focused on international money transfers, and customers are able to send money from the Netherlands to over 25 countries worldwide, with more to come.

Instarem offers competitive exchange rates, operates 24 hours a day, seven days a week and boasts same- or next-day payments.

Instarem exchange rates

Instarem provides rates based on the live foreign exchange rate, meaning that its rates will move with the live market conditions. While Instarem does offer the mid-market 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.

You can see a comparison of Instarem’s exchange rates below compared with a major bank in the Netherlands.

1 EUR in:InstaremABN AMRO

The above figures are accurate as of 20 June 2018.

How much does it cost to transfer money with Instarem?

Instarem charges from 0.25% to 1% in fees, on every transaction.

Minimum transfer amount and available countries

Instarem allows you to transfer funds from Singapore, Australia, Hong Kong, Malaysia, Eurozone countries (including the Netherlands), India, UK and the USA. The minimum amount you can transfer differs between currency pairs, which would be highlighted when you set up your transaction. The typical minimum transfer amount is EUR200. You can check the full list of international money transfer limits for Instarem here.

You can transfer money to Instarem via Electronic Funds Transfer (EFT), Bank Transfers and Wire in all countries. Do bear in mind that they do not allow third-party payments, meaning no one else can deposit money into your account to be transferred.

You can only send funds to the following countries:


  • Bangladesh
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Nepal
  • Philippines
  • Singapore
  • Sri Lanka
  • Thailand
  • Vietnam


  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Lativia
  • Lithuania
  • Luxembourg
  • Malta
  • Monaco
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • San Marino
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom

North America

  • USA
  • Canada

South America

  • Argentina
  • Chile
  • Colombia
  • Mexico
  • Peru


  • Australia
  • New Zealand

What types of transfers can you carry out with Instarem?

Instarem offers one-off transfers for personal accounts and also allow batch payments with their MassPay platform for corporate accounts.

The registration and transfer process

Before you can transfer any money overseas you need to register for an account with Instarem, which is completely free and only takes a few minutes online. Then you can log in and submit a transfer request – don’t worry, the platform will walk you through the process.

Instarem keeps your money in safe hands; your funds are held in accordance with Singapore client money laws, meaning it is held in a segregated client account and not with Instarem’s operating money.

  • Step 1: As part of the online registration process, you will need to provide your personal details including contact information, email and residential address.
  • Step 2: Next step is to verify your identity, which can be done electronically if you have a valid driver’s licence and passport.
  • Step 3: Once the above details are submitted, your account should be activated within two hours. You will be notified by Instarem when this is complete.
  • Step 4: When your account is approved, you can log in and make a payment by submitting your payee’s details and transfer amount.
  • Step 5: Select bank transfer.
  • Step 6: Payment done. You’ll be notified by Instarem when your payment reaches the payee.

What are the pros and cons of using Instarem?


  • Headquartered in Singapore
  • Can transfer from the Netherlands
  • MAS regulated
  • 24-hour service, 7 days a week
  • Fast transfers – typically one to two business day
  • Earn and redeem loyalty points
  • Quick and simple registration process
  • Small minimum transfer limit
  • Mobile app available
  • Rate Watch and Daily FX alert subscription available


  • Zero-margin rates are only available on some currencies during certain times
  • Does not accept any cash, cheques, credit cards, or third-party payments
  • No multi-user accounts.

What other products and services does Instarem offer?

Instarem is a relatively new company that solely focuses on international money transfers for both individuals and businesses. It is committed to making the process of transferring money to contacts overseas more simple, quick and cost-effective for individuals and businesses.

Its MassPay global platform helps corporates and SMEs make bulk payments to multiple beneficiaries in multiple currencies.

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