BER Currency News

BER Home/s

  1. Reviews and Ratings
  2. Instarem

InstaReM - Review and User Ratings

Considering InstaReM for Foreign Transfers? Read the BER Review and browse 107 reviews and ratings to decide whether they are right for you.

Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses, from Australia, Hong Kong and Singapore to more than 25 countries.

The Main Points:

  • Low transfer fees of about 0.25-0.5%, real-time exchange rates, completely transparent
  • Transfer Amount Limits – Minimum transfer of $50, no maximum limit. The first transfer should not exceed $2,500.
  • Transfer Speed – Transaction typically takes 1 business day to process from the time funds are received. The time for the beneficiary to receive the funds will depend on the receiving bank processing times.
  • Use the Best Exchange Rates coupon code BER10AU enjoy a $10 bonus on the transaction, as long as you transfer over $500.

InstaReM - The Best Exchange Rates Review

InstaReM is a relatively new entrant in the international money transfer market with offices and licenses in Australia, Singapore and Hong Kong with a sole focus on international money transfers low transfer fees, real-time exchange rates, speedy payments and excellent customer service. Since launching in 2015, the company now has a strong customer base of over 10,000 people.

They have a cutting-edge Treasury set up that means you will often receive your payment in the recipient account the same or next business day!

InstaReM money remittance services are available to individuals and businesses and you can transfer money from Australia to 50 countries using their service.

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

Transactions are processed at real-time inter-bank rates, making InstaReM’s service very cost-effective whilst transfers can be booked via InstaReM’s website or its Mobile App anytime, anywhere. You will know the transfer fee right at the time of initiating the transfer.

InstaReM holds an AFS License under ASIC regulation. Money paid to your InstaReM account must come from your bank account and cannot be made from a third party.

Contact InstaReM today and inform them you visited Best Exchange Rates and they’ll guarantee you just that, the Best Exchange Rates when making an international money transfer or payment overseas for both individuals and businesses.

InstaReM can make you considerable savings against the banks by providing more competitive exchange rates.

InstaReM - How it Works and FAQS

How can I make a transfer?

  • Online through online portal
  • Via Phone with our Dealing Team

Before making a money transfer with InstaReM, you will need to create your InstaReM account. This can be done online and will take a few minutes to complete by entering basic personal information. You will need to provide supporting documentation, including your driving license, passport and bank statement or utility bill. The documentation is required to verify your identity to comply with the Anti-Money Laundering and Counter-Terrorism Act 2006.

When your account is approved, you are ready to make a payment. Select the amount and currencies before entering the payee’s bank details. Finally, initiate the bank transfer, including the reference number within the details of the transfer, and you’re done. For immediate transfers, select POLI rather than bank transfers.

Special Offer for Best Exchange Rates Customers!

When you book your first transfer with us, use the coupon code BER10AU enjoy a $10 bonus on the transaction, as long as you transfer over $500.

Currencies InstaReM offers

InstaReM can buy AUD, HKD or SGD from you and sell to you GBP, USD, NZD, EUR, PHP, INR, MYR, SGD, HKD, THB, IDR, USD, BDT, LKR and many others.

Features of the InstaReM service

  • Close to Interbank exchange rates
  • No transaction Fee
  • South East Asian Currency Specialist
  • Available 24/7
  • Refer a friend and receive a $20 bonus!

Transfer Amount Limits

Minimum transfer of $50, no maximum limit. The first transfer should not exceed $2,500.

Transfer Speed

Transaction typically takes 1 business day to process from the time funds are received. The time for the beneficiary to receive the funds will depend on the receiving bank processing times.

Same Day processing cut-off times

This is the time that your funds need to be received by InstaReM for the transfer to be completed on the same day.

Destination Country Currency Time
India INR 24 hours
Sri Lanka LKR Before 3pm
Bangaldesh BDT Before 3pm
Hong Kong HKD Before 3pm
Singapore SGD Before 3pm
Philippines SGD Before 3pm
Malaysia MYR Before 6pm
Thailand THB Before 11am
Indonesia IDR Before 2pm
Nepal NPR Before 2pm
Vietnam VND Before 2pm
Australia AUD Before 4pm
Pakistan PKR Before 2pm
China RMB Before 4pm

Instarem - User Ratings and Feedback

The below star review table make it easy to browse customer ratings & feedback from both BER users and Trustpilot so you can get an overall feeling for customer satisfaction with Instarem ... the good and the bad!

Browse 107 Instarem user ratings powered by

We hope this review and user feedback helped you consider whether Instarem is right for you. If you would like to suggest how we could improve this review or if you are already a customer of Instarem and would like to leave your own feedback for inclusion you can do so here.

BER logo Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers

Level 2, AMP Tower, 50 Bridge Street, Sydney, NSW 2000, Australia

Disclaimer | Copyright | Privacy Statement


Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service


This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.