Instarem is a global money transfer app that makes sending money across borders faster and cheaper. The app allows users to send money to multiple countries in over 45 currencies, offering competitive exchange rates with low fees. Instarem supports both one-time and recurring payments, ideal for both personal and business transfers. With secure transfers powered by robust encryption, users can track their transactions in real time. Instarem also offers a feature to lock in exchange rates before completing transfers, helping users avoid fluctuations.
Pros:
- Competitive exchange rates and low transfer fees
- Simple and user-friendly interface
- Real-time tracking of transactions
- Ability to lock in exchange rates to avoid volatility
- Supports sending money to 45+ countries
Cons:
- Limited country availability for certain payment methods
- No support for cash pickups, as the app only facilitates bank transfers
- Some transfer methods may take a bit longer for certain destinations
Cost:
Free to download; transfer fees depend on the amount sent and the destination country
Best For:
Instarem is ideal for anyone looking to send money overseas without the high fees and poor exchange rates typically associated with traditional banks. It’s especially useful for expatriates, international freelancers, and businesses that make cross-border payments regularly.