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InstaRem Money Transfer Review: Is It Worth Considering?

InstaRem does not offer the cheapest or fastest transfers, but does provide transparent pricing and a wide range of international transfers.

InstaRem Money Transfer Review: Is It Worth Considering?

InstaRem does not offer the cheapest or fastest transfers, but does provide transparent pricing and a wide range of international transfers.


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  • Individuals that prefer wide market access
  • Individuals interested in a money transfer platform with a loyalty program


  • Individuals seeking the fastest money transfers
  • Individuals seeking no-fee money transfers

InstaRem is a good option for some, but not all, consumers seeking affordable money transfer services. For example, the platform offers transparent pricing, wide market access, a loyalty program and an exclusive $10 cashback promotion. However, unlike many other platforms, InstaRem charges an administration fee of 0.25-1% and transfers money less quickly (up to 2 days) compared to its top competitors. Still, if you have a preference towards transparency, market access and promotional discounts, InstaRem would be a good pick.

Summary of InstaRem's Remittance Services
Wide Market Access: 55 Currencies
Loyalty Program
Transparent FX Rates & Processing Fees
Promotion: USD 10 bonus with code VALUEC

Table of Contents

What Makes InstaRem Stand Out to Consumers?

InstaRem's platform provides transparency, which is quite valuable when it comes to transferring money overseas. For instance, the platform always displays its current rates, which it sources from Reuters. InstaRem also charges a 0.25% - 1% transfer fee, which is cheaper than some competitors, albeit not cheaper than those that do not charge fees at all. While it also lags behind its competitors in terms of transfer speeds (up to 2 days), InstaRem allows users to transfer money to an impressive 55 different currencies. Therefore, it is a great service for those that prefer access to a range of currencies, though it is not the best for those seeking fast, no-fee transfers.

InstaRem Remittance Service Details
Minimum TransferS$200
Maximum TransferN/A
Transfer Fee0.25% - 1%
Transfer Speed2 days

How to Register: Sign-Up Process

Consider this if you prefer a money transfer service with a loyalty programme and cashback promotion
  • Service Fee
    • 0.25%-1.00%
    • Government Licence
      • Licensed in: Australia, Singapore, Hong Kong, Malaysia, India, US, EU and Canada.
      • Maximum Transfer
        • Unknown
        • Currencies
          • 55
          • Transfer Speed
            • 1-2 days

            InstaRem offers a simple registration process. In fact, you can easily register using your email address, Google account or Facebook account. Upon registration, new users will receive 75 InstaPoints and $10 using the code VALUEC.

            CurrencyMin.Transaction Value (per InstaPoint)Min. Redemption TransactionMax. InstaPoints Redeemed (per transaction)Currency Redemption Value
            AUD100500100 - 4002.5 - 10
            HKD6003000100 - 4008 - 32
            SGD100500100 - 4001.25 - 5
            MYR3001500100 - 4006 - 24
            USD100500100 - 4002.5 - 10
            INR5,00025,000100 - 400200 - 800
            GBP100500100 - 4001.8 - 7.2
            EURO100500100 - 4001.25 - 5
            CAD100500100 - 4002.5 - 10
            Earn 75 InstaPoints upon sign-up
            William Hofmann

            William is a Product Manager at ValueChampion Singapore, helping consumers and SMEs find the best banking products through comprehensive analysis of data. He previously was an Economic Consultant at Industrial Economics Inc, where he conducted a variety of research and economic analyses. He graduated from University of Vermont with degrees in Economics and Psychology. His work has been featured on a variety of major media such as the Straits Times, the Business Times, the Edge, DailySocial, the Entrepreneur and more.