A look at “How to Transfer Money Using Instarem?” Instarem is a leading digital cross-border payment platform that enables individuals and businesses to send money internationally in a hassle-free manner. With Instarem, you can transfer money to various countries around the world at competitive exchange rates and low fees. In this article, we will guide you through the process of transferring money using Instarem in just four simple steps.
Table of Contents
Check rates and fees
You can check Instarem’s rates and fees anytime on the website calculator. Simply enter the send amount and select the send and receive countries, and you can see the exchange rates and fees for your desired currency pair, upfront.
Create an account for free
Creating an account with Instarem is simple.
Pro tip: Keep your ID proofs and address proofs ready as per your country of residence.
- Log on to instarem.com on desktop or mobile. You can also download the Instarem app from Google Play Store or the App Store.
– Sign up using your Google, Facebook account or your email.
- Choose your country of residence and enter your referral code, if any.
- Fill out your personal details and verify your mobile number by entering the 6-digit one-time code.
In some countries, you can sign up instantly using other methods, such as MyInfo in Singapore. - Upload your proof of address and identification documents to get your account approved.
Choose your payment method
Instarem supports multiple payment methods including debit/credit card, bank transfers and wire transfers.
It also supports other payment options depending on the country you are sending from. Once your account is verified, choose your transfer method and indicate the amount you would like to transfer.
*rates are for illustration purposes only
Add your recipient details
Add a new recipient or choose from your phone contacts. You can transfer funds to self, your friends and family, or any business. What’s great is that your recipient doesn’t need to have an Instarem account to receive money.
Fund your transfer
Now select the added recipient. Choose their preferred receiving method and fill in your transfer details. Next, review your transaction summary and authorise the transfer.
Once you’ve transferred the funds, just sit back and relax. Instarem not only keeps your transfers free from hidden charges, but also keeps you posted about where your money is.
While Instarem’s foremost priority is to keep your money safe, it’s important that you are aware about the tricks cyber criminals use to defraud you. Here’s a quick guide to identify and prevent fraud.
The benefits of using Instarem
Better value: Instarem offers competitive exchange rates and low fees so that you can get more out of your overseas money transfers. Instarem also offers attractive bonuses and rewards to maximise your savings.
Safe & convenient transfers: No more queues, no more waiting! With Instarem, you can send money to any part of the world from the comfort of your home.
Transparent fee structure: No hidden fees. With Instarem, you always know what you are paying for.
Ready to get started?
Send money now and earn InstaPoints that you can use on your future transactions and save more.
Want to know more about us? Visit our Help Center or check out our reviews.
Try Instarem for your next transfer by downloading the app or sign up here.
Step 1: Sign up and Verify
To get started with Instarem, you need to create an account on their platform. Visit the Instarem website or download the mobile app and click on the “Sign Up” button. Fill in the required details such as your name, email address, and password. Once you have completed the registration, you will receive a verification link or code to your email or mobile number.
Click on the verification link or enter the code provided to confirm your account. This step ensures the security and authenticity of your Instarem account.
Step 2: Add Recipient Details
After successfully signing up and verifying your Instarem account, you can now proceed to add recipient details. Click on the “Add Recipient” or “Send Money” option in your Instarem dashboard. Enter the necessary information about the recipient, including their name, contact details, and bank account details.
Instarem offers multiple transfer methods such as bank deposit, cash pickup, and mobile wallet transfer. Select the most suitable transfer method based on your recipient’s preferences and availability in their country.
Step 3: Enter Transfer Details
Once you have added the recipient’s details, it’s time to enter the transfer details. Specify the amount of money you want to send and select the currency for the recipient country. Instarem provides real-time exchange rates, ensuring transparency and competitive rates for your transfer.
Next, choose the payment option that works best for you. Instarem supports various payment methods such as bank transfer, debit card, and credit card. Select the one that is convenient and accessible to you.
Step 4: Confirm and Complete Transfer
Before finalizing the transfer, review the details you have entered to ensure accuracy. Double-check the recipient’s information, transfer amount, currency, and payment option. Once you are satisfied with the details, click on the “Confirm” or “Proceed” button to initiate the transfer.
Instarem will provide you with a summary of the transaction, including the exchange rate, fees, and estimated delivery time. Confirm the transaction, and Instarem will process your transfer immediately. You will receive a confirmation email or notification with the tracking details of your transfer.
Conclusion
Transferring money using Instarem is a straightforward and efficient process. With just four simple steps, you can send money to your loved ones or business partners across the globe. Instarem instills confidence with its secure platform, competitive rates, and convenient transfer options.
Using Instarem for your international money transfers offers several benefits. First and foremost, it provides a user-friendly interface that makes the entire process seamless. The platform is designed to be intuitive, ensuring that even first-time users can navigate through the steps effortlessly. Whether you’re sending money for personal reasons or conducting business transactions, Instarem simplifies the transfer process for you.
Additionally, Instarem offers competitive exchange rates, which means you get more value for your money compared to traditional banks or other money transfer services. The platform leverages its extensive network of global banking partners to provide you with favorable rates, ensuring that you save on unnecessary fees and charges.
Moreover, security is a top priority for Instarem. They employ robust encryption techniques and adhere to strict regulatory standards to protect your financial information. With Instarem, you can have peace of mind knowing that your transactions are conducted in a secure environment.
Now, let’s address some common questions and concerns regarding Instarem and its money transfer services.
FAQs
- How long does it take to transfer money with Instarem?
- The transfer time may vary depending on several factors such as the recipient’s country, the transfer method chosen, and any additional security checks. However, Instarem aims to provide fast and efficient transfers, and in many cases, funds can reach the recipient within one to two business days.
- Is Instarem secure for transferring money?
- Yes, Instarem prioritizes the security of your funds and personal information. They employ state-of-the-art encryption protocols and follow regulatory guidelines to ensure the safety of your transactions.
- Are there any transfer limits on Instarem?
- Yes, Instarem imposes transfer limits to comply with regulatory requirements and prevent fraudulent activities. The specific limits may vary depending on your location, account verification status, and other factors. You can find detailed information about transfer limits on the Instarem website or by contacting their customer support.
- What payment options are available on Instarem?
- Instarem offers multiple payment options, including bank transfers, debit cards, and credit cards. You can choose the method that is most convenient for you and suits your preferences.
- Can I cancel or modify a transfer on Instarem?
- Once a transfer is initiated on Instarem, it may not be possible to cancel or modify it. However, it’s recommended to reach out to Instarem’s customer support as soon as possible if you need assistance with a transfer.
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