INSTAREM - All required important information of a leading money transfer service provider (2024)

Brief Summary for Instarem (AUD-INR)

Instarem is a reliable worldwide remittance service that offers competitive exchange rates for converting Australian Dollar to Indian Rupee, allowing people to send money from Australia to India. Customer satisfaction is a top priority for Instarem, ensuring secure and encrypted transactions. With efficient payment methods, Instarem is an excellent option for sending money abroad and has received positive feedback from its customers. As a trustworthy peer-to-peer currency exchange platform, Instarem provides a fast, secure, and cost-effective solution for businesses and individuals requiring international money transfers.

Instarem offers several payment methods with best AUD to INR exchange rates. You can either choose to make a card payment, that is, you can use both debit or credit card, or you can choose direct debit. The receiver will get the funds in their bank account, as they do not have any cash pick-up points in India. Irrespective of the payment method, the receiver will get the fund in their bank account in about 1 business day. There is no transaction fee for the direct debit transfer method. However, a small transfer fee of 0.015% of transaction amount is charged for card transactions, whereas a transaction fee of 0.0075% and 0.012% is charged for PayID and PoLi transfers respectively. The minimum transaction amount is $360. A noteworthy point is that the card transfer may not have competitive exchange rates compared to its counterparts, and the currency exchange rate may vary depending on the amount being transferred.

Instarem provides competitive exchange rates for converting Australian Dollars to Indian Rupee, and also has referral programs and loyalty promotions available for its current customers interested in sending money to India.