INSTAREM - All required important information of a leading money transfer service provider (2024)
Pros and Cons, Brief Summary and much more information
What we like about Instarem
- Instarem often gives competitive exchange rate
- 375 InstaPoints for first time users
- Wire transfer available to send upto INR 9,999,999,999
- Quick transfers withing 1 to 2 days
- Loyalty point program
What we don't like about Instarem
- 0.4% Transfer fees for all transaction
- Account verification takes 2-3 days for new users
- Strict monthly and bimonthly limits on transferable amount
- Maximum amount is $1500 per transaction
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Brief Summary for Instarem (USD to INR)
Instarem is a dependable global provider of remittance services that offers competitive exchange rates for converting US Dollars to Indian Rupee, allowing individuals to send money from the US to India. Customer satisfaction is a top priority for the company, and it guarantees secure transactions. With its efficient payment methods, Instarem is a great option for sending money overseas and has received favorable feedback from its clients. As a reliable peer-to-peer currency exchange platform, Instarem provides a speedy, secure, and cost-effective solution for those who require international money transfers.
Instarem offers several payment methods with best USD 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 or bank ACH. 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 maximum transaction limit. There is no transaction fee for the direct debit transfer method. However, a small transfer fee of 0.1% of transaction amount is charged for card transactions. 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 is a trustworthy company that offers worldwide remittance services, featuring attractive exchange rates for converting US Dollars to Indian Rupee, and providing referral programs and loyalty promotions to existing customers who wish to transfer money to India.