InstaReM (Singapore) Reviews

“Easy sign-up but it requires some personal information for verification purpose and around a week for account verification.

Just did my first transfer to Malaysia, it requires a minimum of the SGD200 transaction amount and the exchange rate is good. I will start using Instarem as my daily remittance tools.”

“Registration was easy but there has been some delay with mobile number verification, but everything went well.

The foreign exchange rates are good and there's a promo code (PPLACE10) that you can use, there will be a discount for your first transaction.”

“Register with InstaReM requires user to upload Know-Your-Customer (KYC) documents, which is necessary to prevent money laundering activity. I have done other KYC verification with other services before so the one that required by InstaRem is pretty standard. Verifying process was also pretty fast too.

What I like best about this remittance service is the exchange rate. The rate is better than the money changer I frequently go and by using InstaReM, I just need to transfer money to my overseas bank account and withdraw it when I need to use cash or simply use my debit card. The fund can be transferred to InstaReM using PayNow, which is very convenient. The money is usually received in my foreign bank account within the same day. I no longer need to visit physical money changer.

I also utilized the PPLACE10 coupon code to get a further $10 discount on the remittance, awesome!”