InstaReM

InstaReM

About InstaReM

Are you looking for a fast way to send money overseas but also want to do so at a highly competitive exchange rate? Meet InstaReM, otherwise known as Instant Remittance. It’s one of the few providers on the Mozo database that can transfer funds into a bank account outside Australia in typically one business day. Read on for a full runthrough of what it has to offer...

InstaReM Foreign Exchange rates

Rates and fees verified as correct at 20 September, 2017. Other information correct at the time of writing.

One of the first things to check when comparing international money transfer providers is how competitive exchange rates are. Well you’ll be glad to hear that because InstaReM aims to keep rates as close to the interbank rate as possible (unlike major banks who have a reputation for increasing their margins on the exchange rates they offer), you get value for money.

TIP: Punch in how much you want to send into our calculator below, choose your currency - and it will crunch the numbers for you!

Currency At today's InstaReM Rate, 1 AUD buys* For 10,000 AUD recipient will get
United States Dollars (USD) USD
USD 0.7978 USD 7,978 Go to site
Euros (EUR) EUR
EUR 0.6651 EUR 6,651 Go to site
Great Britain Pounds (GBP) GBP
GBP 0.5906 GBP 5,906 Go to site
Canadian Dollars (CAD) CAD
CAD 0.9845 CAD 9,845 Go to site
Chinese Yuan (CNY) CNY
CNY 5.2728 CNY 52,728 Go to site
Danish Krone (DKK) DKK
DKK 4.9688 DKK 49,688 Go to site
Hong Kong Dollars (HKD) HKD
HKD 6.2262 HKD 62,262 Go to site
Indian Rupee (INR) INR
INR 51.3078 INR 513,078 Go to site
Indonesian Rupiah (IDR) IDR
IDR 10580.9744 IDR 105,809,744 Go to site
Japanese Yen (JPY) JPY
JPY 89.3656 JPY 893,656 Go to site
Malaysian Ringgit (MYR) MYR
MYR 3.3445 MYR 33,445 Go to site
New Zealand Dollars (NZD) NZD
NZD 1.0948 NZD 10,948 Go to site
Norwegian Krone (NOK) NOK
NOK 6.2488 NOK 62,488 Go to site
Philippine Peso (PHP) PHP
PHP 40.6453 PHP 406,453 Go to site
Saudi Riyal (SAR) SAR
SAR 3.0039 SAR 30,039 Go to site
Singapore Dollars (SGD) SGD
SGD 1.0745 SGD 10,745 Go to site
South African Rand (ZAR) ZAR
ZAR 10.6732 ZAR 106,732 Go to site
Swedish Krona (SEK) SEK
SEK 6.3691 SEK 63,691 Go to site
Swiss Francs (CHF) CHF
CHF 0.771 CHF 7,710 Go to site
Thai Baht (THB) THB
THB 26.3822 THB 263,822 Go to site
UAE Dirham (AED) AED
AED 2.9421 AED 29,421 Go to site

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, it will transfer your funds fast (unlike some providers who take up to three days, or even charge extra for an express service).

Transaction restrictions: While there isn’t a limit on how much you can transfer, InstaReM has a $50 minimum policy.

Zero fees: The good news is if you transfer money overseas using InstaReM you won't be charged a fee. Instead a margin may be applied to the exchange rate.

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 q’s, you can call its hotline on weekdays from 9am to 11.30pm and over the weekend from 10am to 2pm (AEST).

$10 bonus credit: New customer? Enter the coupon code “MOZOINSTA” when prompted online and $10 will get credited towards your first InstaReM transfer.


InstaReM's services

Whether you’re an everyday Aussie or running your own business, InstaReM can process small international money transfers to those on a much larger scale.


Why choose InstaReM?

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

Visit InstaReM website

Go to site

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 site 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 into 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 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.


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*The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.