Singapore · Money Transfers

Instarem

Send money abroad from Singapore at competitive exchange rates through Instarem, a Singapore-founded fintech now used by over a million customers worldwide.

What it helps with

Sending salary homeTo 60+ countries.
Comparing with WiseUpfront rate.
Discounts on transfersInstaPoints.

About Instarem

Instarem is a Singapore-founded international money transfer service, launched in 2014 by Prajit Nanu and Michael Bermingham after Nanu ran into a slow, expensive process trying to transfer money for a friend's bachelor party. It grew into Nium, a Singapore-headquartered fintech that today mainly serves banks and businesses with cross-border payments infrastructure, while the original Instarem consumer app continues to operate as its own product, used by more than a million customers to send money to over 60 countries.

Key Features

Transparent Upfront Fees: See the exact fee and exchange rate before sending, with no hidden FX spread added later.
Wide Country Coverage: Send money to bank accounts in more than 60 countries from multiple funding currencies.
Multiple Funding Methods: Fund a transfer by bank transfer, ACH/direct debit, credit card, debit card or FPX, depending on your country.
Rewards Program: Earn InstaPoints on transfers, referrals and sign-ups, redeemable for transfer discounts or air miles.

How to Get Started

Download the Instarem app and sign up with your email or a Google account.
Verify your identity as required for your sending country.
Enter the transfer amount, destination country and recipient's bank details.
Confirm and send - funds are deposited directly into the recipient's local bank account in their own currency.

Before you use it

Limits: Money goes only to bank accounts; the recipient needs a bank account in the destination country.
Sign-up: Sending from Singapore needs identity verification with an NRIC, FIN or passport.

Foreign card OK English available Local ID needed

Frequently Asked Questions

Does Instarem work with a foreign bank card in Singapore?: Yes - Instarem accepts foreign-issued cards in Singapore.
Is Instarem available in English?: Yes, Instarem has an English-language interface.
Do I need a local phone number to use Instarem?: No, an international phone number generally works for Instarem.
Do I need local ID or residency for Instarem?: Yes, Instarem requires local ID or residency status.
Where can I use Instarem?: iOS · Android · Web
How much does Instarem cost?: Fee and rate shown upfront; no cash pickup