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Alternatives to InstaReM

Compare providers for your next international money transfer.


Fact checked

InstaReM only offers zero-margin transfers for some currencies and during certain hours. The company doesn’t make it clear which currencies and hours this applies to.

Its rates can be very difficult to beat, but transfer options are also limited and it may not have the currency you’re after. If you need a company with different transfer options, check out some of its top competitors.

TransferWise logo Image: Supplied


TransferWise is one of the only other money transfer services to offer the mid-market rate. While it has a wider range of currencies to choose from than InstaReM, it can also take longer for some transfers to arrive. If you want mid-market rates, but also want to see if you can get even lower fees, it could be worth comparing InstaReM and TransferWise.

Why pick TransferWise instead?

  • Has a different fee structure to InstaReM, with the same mid-market rates
  • Offers a wider range of currencies
  • Could be cheaper for some currencies


  • Percentage-based fees add up on large transfers
  • Transfer speeds will sometimes be slower

OFX Logo Image: Supplied


OFX is known for having a wide range of currencies and forex tools available, while InstaReM is still somewhat limited.

Why pick OFX instead?

  • No fees on transfers above $10,000
  • Over 50 currencies on offer
  • Fast transfers
  • Competitive rates with options like forward contracts and limit orders


  • $15 fee on transfers under $10,000
  • Higher margin added to the exchange rate than most money transfer services
  • You can’t see the rates unless you have an account

MoneyGram logo Image: Supplied


MoneyGram has an exceptionally wide range of currencies and destinations to choose from compared to InstaReM, as well as a lot of flexibility in transfer and payment methods. But this comes at a cost.

Why pick MoneyGram instead?

  • Cash payments and pickup available
  • Can pay with card
  • Near-instant transfers available
  • Has agents all around the world
  • Wide range of currencies available


  • Typically more expensive than services like InstaReM
  • Can’t send more than $10,000
  • Express transfers cost more

XE logo Image: Supplied


XE is a well-known company in the currency space. It doesn’t charge fees, opting to take a cut of the exchange rate instead.

Why pick XE Money Transfers instead?

  • No fees
  • Offers market orders


  • Less-competitive exchange rates than InstaReM
  • Transfer times can vary

Still looking for other options?

Use the calculator below to help find the best money transfer service for your next transfer.

Enter the amount you want to send in your chosen currency and you’ll be able to see how much it will cost with a range of providers. Alternatively, learn more about InstaReM in our review.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 0.821 EUR 8,209 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.821 EUR 8,209 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Go to site Show details
$1 Same day USD 0.00 0.821 EUR 8,208 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.808 EUR 8,076 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 1 - 2 days USD 80.00 0.824 EUR
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 10,000 1 - 2 days USD 0.00 0.817 EUR 8,172 Dunbridge Financial offers diverse transfer options to more than 120 countries. Powered by Currencycloud. 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.

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