Instarem international money transfers

Features and benefits of sending money via InstaRem

Is InstaRem right for you? Here’s a snapshot of the key details:

Delivery times: As we mentioned earlier, InstaRem will transfer your funds fast (unlike some providers who take up to three days, or even charge extra for an express service).

Transaction restrictions: There isn’t any limit on how much you can transfer and there's a $0 minimum transfer limit.

Low transfer fees: When you transfer money overseas via InstaRem, you won't be charged high transfer fees. InstaRem charges a transaction fee that can differ depending on what currencies and countries you're dealing with, ranging from 0.25% to 1%.

Complete Transparency: When you set up your transaction, you’ll be able to see complete details of your FX rate, transaction fees and the amount to be received by the beneficiary.

Customer support: Just like several other boutique IMT specialists we help you compare here at Mozo, InstaRem doesn’t have physical branches you can simply stroll into. But if you need help or have any questions, you can call its hotline on weekdays from 9am to 11.30pm and over the weekend from 10am to 2pm (AEST).

InstaRem's services

InstaRem solely focuses on international money transfers. It is committed to making the process of transferring money to contacts overseas more simple, quick and cost-effective for individuals and businesses.

For corporates and SMEs, InstaRem offers a MassPay platform to helps them make bulk payments to multiple beneficiaries in multiple currencies through a seamless global payments process.

Why choose InstaRem?

To recap, here are some of the benefits of choosing this fast-growing company for all your IMT needs:

• Delivers your funds to overseas bank accounts fast
• Charges highly competitive transfer fees

• Offers higher exchange rates than the majors

• Quick and easy account setup (more on this below)

• Absolutely transparent, no hidden costs

• Great customer support

How to transfer money with InstaRem

Whether you want to send cash to family or buy property overseas, it’s really quite easy doing it through InstaRem. Let’s run through the process...

Setting up your account:

1. Register: Build your customer profile on InstaRem’s website by typing in your name, address, birth date and employment status.

2. Identity check: Next, you’ll be prompted to provide your passport number and upload a snap of your driver’s licence, bank statement or utility bill (keep in mind that residential addresses detailed on your personal documents must reflect where you live).

3. Approval: InstaRem will review your application, and if you’re successful, the new account will open within a 36 hour period.

Authorising transactions:

After those three small steps above have been completed, you can start sending money overseas! This is how you do it:

1. Sign-in: to your online account using the details InstaRem has provided you.

2. Type in: the amount and currency you want your funds converted into along with the recipient’s bank details.

3. Make a payment: Make a POLI payment (a third-party payments provider) or bank transfer (which may take longer).

Note: If you pick the POLI option, you’ll be redirected to its official site and complete the transaction there. Alternatively, opting for a bank transfer involves you manually typing in a reference number, plus InstaRem’s BSB and account number as you normally would with your day-to-day online banking.

4. Submit your order: then, you’ll be issued a receipt that you can keep for reference. Your transfer will typically take one business day from the time InstaRem receives the money.