Subscribe to Our Newsletter

We know you love savings. Sign up for more!

5 Reasons To Use Instarem to Send Money Abroad

BY Team Loanstreet

Updated 30 Sep 2022




Follow Loanstreet on Facebook & Instagram for the latest updates.


In collaboration with


Sending money abroad no longer needs to be an intimidating and complicated process. With the multitude of options, how do you know which platform to go for?

Fret not.

We’ve done some research for you. Taking speed, support, and costs for sending and receiving funds abroad into account, we found that Instarem is one of the best solutions available on the market.

Let us share with you the essential aspects of Instarem; why it is a reliable and faster way to send money overseas.

What's covered in this article?



But, hold on. What is Instarem?

 

 Image shown is for illustrative purposes
 

If you’re unaware, Instarem is a cost-effective, simple and quick way to send money overseas to Europe, the Asia Pacific, South-East Asia and the US, online - 24 hours a day and 365 days.

It securely transfers your money to your intended receiver on the other side of the world.  On top of that, this 100% online money transfer service helps you send money all around the world at a meagre commission without hidden costs.

Also, Instarem's intuitive app with a simple interface and quick-send functionality allows you to transfer money abroad effortlessly. Not to mention, you can avoid lines at banks and better control your money, among other advantages.


So, why it is a reliable and faster way to send money overseas?


1. Best Exchange Rates with Low Fees

First of all, Instarem's prices are a fraction of what you'd pay at a bank or other providers. In addition, Instarem charges its users a fee ranging from 0.25% to 1% – enabling you to transfer money abroad at a much lower cost.

Not to mention, Instarem offers interbank currency exchange rates (sourced directly from Reuters) at a nominal fee for multiple currencies in more than 55 countries. As a result, the platform ranks as one of the cheapest international money transfer providers in terms of exchange rates and fees.

This means that if you have to transfer money overseas, you will pay a very small markup for the currency exchange. Never pay more than you should!


2. Fastest (typically Instant) and Transparent Transfer

Transfers with Instarem are typically very fast. When you pay via bank transfer, most transactions between two countries happen instantly or on the same day. It's undoubtedly a massive help when the person on the other end of the planet urgently needs money.

You can use the Instarem app or the digital platform to send money anytime, day or night. To add, the provider lets you keep track of your transactions, make changes to your list of payees (you can add up to 10 beneficiaries), and check your transaction history. With that, you know at all times when you send the money, how much you spend, and how much your recipient receives – all at your fingertips.

3. Highly Secure and Regulated

We understand how terrifying it might be to send large sums of money using an online service. But, transferring money abroad with Instarem is completely secure. The platform’s reliability has to do with its first-class web security and protection protocols

Additionally, Instarem is tightly regulated by 9 financial regulators worldwide. It is regulated in Malaysia by Bank Negara Malaysia - the Central Bank of Malaysia. This protects anyone or any businesses using Instarem's online money transfer service.
 

4. First Transfer Bonus and Loyalty Points


Who doesn't like a bonus?  You can use the code below to save RM50 on your first transfer with Instarem.
 

 

And, what if we tell you that other than the intriguing bonus, you can consistently spend and save at the same time? You're in luck – Instarem offers InstaPoints as a form of loyalty points so that you can SEND, EARN, and REDEEM

InstaPoints have a monetary value, and you can use them as a discount for your following transfer. The more money you send, the more points you will receive. When you transfer money again, the more you earn, the less you pay. You can also earn Instapoints by referring a friend. Talk about a win-win!


Send money overseas with Instarem today and save money

Instarem has been a great discovery for many. As soon as you heard about it from us, we knew that you couldn't resist trying it, right?

Many users have used Instarem in numerous countries to perform international money transfers in different currencies online without any problems. It works well, is secure, and is almost instant.

Instarem is a godsend that makes our lives easier and keeps our money safe. It frees many individuals and businesses from the traditional money transfers that are often inflexible and pricey.

So why wait? SIGN UP for an Instarem account and make your first overseas money transfer today!
 

*The above article is intended for informational purposes only. Loanstreet accepts no responsibility for loss that may arise from reliance on information contained in the articles.

Continue reading...

About the Author

Team Loanstreet

Run by a professional human-sized team, get resourceful tips & guides from our very own library of financial articles that can help improve your financial lifestyle & make a well-informed money decision. We strive to provide you with the best service in helping you to get the most out of that DUIT!

SEE ALL ARTICLES

Suggested Articles

How Much Does It Cost To Get A Divorce In Malaysia

How Much Does It Cost to Get a Divorce in Malaysia?

Here are the Best Fixed Deposit Promos in Malaysia 2022

Best Fixed Deposit Promos Malaysia 2022 [Updated Weekly]

Is Crypto Investment or Trading Shariah Compliant in M’sia?

Crypto Investment & Trading: Halal or Haram?