InstaReM Referral Code: gQfEDQ (Referral Promo)

Fast, Seamless, Low Cost Overseas Money Transfers

Upgraded referral promotion: until 11 October 2021 2359 SGT. Benefits revert to normal after that.

After signing up with the referral link or referral code: gQfEDQ, you will receive the usual referral benefit of 475 InstaPoints (worth ~$6).

Next complete your first transaction with the promotion code: 310BONUS to get an additional bonus for future transactions. This promotion code is ONLY VALID for your first transaction.

See terms and conditions.

Why should I use InstaReM for remittance?

  • Regulated by the Monetary Authority of Singapore (MAS). I wouldn’t advise to use any service not regulated by MAS.
  • Better FX rates than banks.
  • You can sign up conveniently using MyInfo
  • Instant transfer to Visa debit cards
  • Transparency, low remittance fee and zero hidden charges.
Instrem instant transfer to Visa debit

Large number of countries supported

With Instarem, you can send money to the following countries:

  • Asia: Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, Nepal, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Vietnam
  • Europe: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, United Kingdom
  • North America: USA, Canada, Mexico
  • South America: Argentina, Chile, Colombia, Peru
  • Oceania: Australia

Zero-Margin FX rates

Instarem also offers zero-margin* FX rates. According to them, many banks and Money Transfer Providers add a mark-up to the FX rates they offer to their customers for sending money abroad. Besides, there are other hidden charges which makes for an inefficient, international money transfer experience.

*applicable only for certain currencies and certain trading hours

Personal Experience

Key plus points of the Instarem platform:

  • Signing in is convenient via Facebook and Google social accounts.
  • Transfer of funds to Instarem can be via PayNow.
  • My recipient received the money I remitted within 24 hours.
  • Supports sending monies to foreign businesses.

Signing up

I managed to sign up with my Facebook account and SingPass MyInfo, got verified, and transferred funds all at one go.

Paying to foreign businesses

I once purchased some goods from Australia and needed to pay the foreign business >$1000AUD. I was able to do this via Instarem rather than through a bank and thus saved some expensive TT fees.

Not every remittance service supports paying to businesses so I view this as a big plus point for Instarem.

Remittance records

  • [April 2021]: I transferred SGD$1500 to Malaysia and the fees was SGD$5.25. This works out to only 0.35%.
Web Administrator

Disclaimer: while we do our best to maintain up to date information on the available referral promotions, their terms and conditions do change frequently. We do not guarantee that the information published on this website is accurate.