InstaReM Money Transfer & Exchange Rates

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Instarem

InstaReM is a Singapore based international money exchange service with licences in Singapore, Hong Kong and Australia with a focus on customer service and reduced service cost.


InstaReM is a Singapore based international money exchange service with licences in Singapore, Hong Kong and Australia with a focus on customer service and reduced service cost.

InstaReM money remittance services are available to individuals and businesses. InstaReM can transfer money from Australia to 24 countries, with same day or next day payments. Transactions are processed close to interbank rates making the service very cost effective whilst transfers can be booked via InstaReM’s website 24/7. You will be presented with the transfer rate whilst setting up the transfer. InstaReM hold an AFS License under ASIC regulation. Payments to your InstaReM account cannot be made from a third party.

KEY INFORMATION

Transfer Limits

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

Transfer Time

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.

Transfer Fees

No fees

MORE INFORMATION ABOUT Instarem

How a transfer can be made:




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 licence, 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.

Your account can be approved within 36 hours of completing the account application and providing the supporting documents. 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.

PROS

  • Cost Effective Service
  • Competitive Rates
  • Available 24/7

CONS

  • Limited alternative forex services

Rates table

BDT » AUD 0.0161 AUD » BDT 62.1221
EUR » AUD 1.5795 AUD » EUR 0.6331
GBP » AUD 1.7709 AUD » GBP 0.5647
HKD » AUD 0.1717 AUD » HKD 5.8258
IDR » AUD 0.0001 AUD » IDR 10743.3500
INR » AUD 0.0196 AUD » INR 51.0110
LKR » AUD 0.0084 AUD » LKR 118.6410
MYR » AUD 0.3332 AUD » MYR 3.0012
NPR » AUD 0.0122 AUD » NPR 81.7459
PHP » AUD 0.0253 AUD » PHP 39.5590
SGD » AUD 0.9891 AUD » SGD 1.0110
USD » AUD 1.3473 AUD » USD 0.7422
VND » AUD 0.0001 AUD » VND 17024.3903

ABOUT THE COMPANY

InstaReM is headquartered in Singapore, with operations in Australia since 2015. InstaReM has grown to 45 staff and a customer base of over 10,000. InstaReM are licensed in Australia, Canada, Singapore and Hong Kong.

What are you waiting for?

If you need to make an internation payment, look no further. Join the 111,000+ clients around the world who are benefitting from our services.