Living in Singapore, I often need to send funds abroad, whether it’s back home or international money transfers elsewhere for investments. It’s important that a money transfer service offers fast transactions and digibanking on the go, competitive FX rates, and low fees. Online money transfer service Instarem Singapore (also available in other countries) ticks all of the boxes, so I thought I’d take a closer look…
5 reasons to try Instarem Singapore’s international money transfer service
Instarem (short for instant remittance) was founded in 2014 and is a leading digital cross-border payments platform that allows you to send and receive international money transfers conveniently and securely. It also offers business payment solutions, which is handy for small business owners. Here are five reasons to give Instarem Singapore a try!
When you need an international money transfer, often you need it to be done quickly. Who has time to wait for the traditional banking transfers, which can take days and days to clear? If you have a medical emergency overseas, you’re stuck abroad, or you urgently need to send money to relatives back home, time is of the essence.
Instarem is fast, with typically instant or same day transfer. You can send money to over 60 countries in the world usually within minutes. Only a small number of corridors may take two to three days. With just a few simple taps on your phone, your money can be on its way to where you need it, fast. Digibanking and fintech at its best!
#2 Safe and Secure
Being able to trust that my money transfer is safe and secure is paramount when I’m sending money overseas. Instarem’s headquarters are in Singapore, one of the most highly regulated banking sectors in the world. It’s also licensed and regulated in 11 other locations including Australia, Singapore, Indonesia, Japan, Hong Kong, Malaysia, India, the UK, the US, the EU and Canada. And Instarem has networks in over 100 markets, with 65 markets in real-time.
Instarem Singapore’s verification processes are designed to help guarantee that your money is safe and reaches the right recipients fast. The entire transfer process is simple and jargon-free, giving you complete transparency and control over your money. And, for added peace of mind, you can track your money online on their website or app.
#3 Instarem Singapore is Cost Effective
Another key criterion for me for international money transfers is cost. Instarem offers competitive FX rates and low fees. You know exactly what you’re paying for and how much upfront. Charges are shown pre-payment and broken down clearly so that you have absolute clarity. No hidden costs!
This makes Instarem perfect for funding investment transactions on platforms such as IBKR, Tiger Brokers and Saxo, where FX rates can make or break a deal!
#4 Easy and Convenient
By downloading the Instarem Singapore app you can send money anytime, anywhere and on-the-go. This company has invested time and money in technology that is smart, fast and reliable. You can seamlessly pay for any repairs that pop up on an investment property back home, or settle tax or credit card payments. All while doing other important things in life!
Many of us have monthly family and household commitments back home like paying for children’s education fees. Why not earn rewards while paying them? Instarem offers rewards on every transaction, and you can sign up for Instarem amaze, a multi-currency travel card with cashback and promotions on travel, shopping, dining and more. Sounds great to us!
Use code EXPATLIVING40 to get S$20 off your first two transfers for a total S$40 off. Sign up with Instarem to enjoy this offer. T&Cs apply.
Now you have your digibanking sorted out, stay online and check out some more great articles on life in Singapore! Or purchase the latest issue or subscribe, so you never miss a copy!