Since Instarem is currently offline. We suggest that you try out Transferwise for free instead.
At a Glance
The Pros
Let’s take a look at the features that make
Good Fee Structure
One of the main concerns with money transfer services is often the cost involved. Fortunately,
Reliable Exchange Rate
Unlike many other services,
The company also gives you the opportunity to track certain currency pairs. So, you will be notified when they hit the desired low or high prices, allowing you to make the most of price movements. This is yet another tactic that can help you save money.
Good International Transfer Presence
At the moment, individuals can send money via
A number of Asian, European, and South American countries are listed as destinations. In North America, money can be sent to the United States, Canada, and Mexico. All of these destinations make this a more desirable service.
Safe and Secure
What is truly impressive with
This, of course, has several advantages for clients. Each of these agencies requires the firm to operate under strict regulations. This includes keeping your money in segregated accounts, ensuring that it is well-protected. At the same time, all these compliances mean that it is easy to file complaints if you disapprove of any practices.
Good Business Features
This service provider is actually a good option for smaller businesses. To begin with, it has a network of more than 8000 banks all over the world. Furthermore, the platform allows you to make multiple, multi-currency payments to different recipients at the same time. Naturally, this makes the money transferring process a great deal easier for such transactions.
Deals and Rewards
There is also a chance for you to earn a couple of perks when using this service. You can get bonus coupons at various times to receive certain benefits. The firm gives you the opportunity to earn InstaPoints with every transaction that can be redeemed for future transactions. You are also rewarded for referring other individuals to the service. While the rewards aren’t significant, there is certainly an added bonus when using this transfer platform.
The Cons
There are a few downsides to
Transfer Delays
Some of the main complaints about
This is an issue that seems to particularly affect new customers or individuals who are trying to transfer large sums of money. Thus, for first-timers, this issue should sort itself soon enough. However, those that continue to send large transactions may face the same obstacles time and time again.
Poor Customer Service
The
In Conclusion
To sum things up,
For most medium-sized money transfers,
Nevertheless,
Overall, though,
The Review
InstaReM
InstaReM is a leading international money transfer institution that has received widespread commendation for its services. This review will take a closer look at every aspect of this company’s operations to determine if their standards are up to mark. In turn, this will make it easier for you to determine whether this is the right transfer option for you.
PROS
- Good Fee Structure
- Reliable Exchange Rate
- Good International Transfer Presence
- Safe and Secure
- Good Business Features
- Deals and Rewards
CONS
- Transfer Delays
- Poor Customer Service