Headquartered in Singapore, InstaReM provides international remittance services to individuals and businesses from Australia, Singapore, and Hong Kong, letting them transfer funds to more than 25 countries. However, if you are in region that InstaReM does not support then you may need to search for an InstaReM alternative.
While a particular alternative to InstaReM may work well for someone, it is not necessary that you will benefit by using the same company. After all, a number of factors are at play when sending money across borders. For instance, only a few leading international money transfer companies offer their services to customers from the world over.
Use the table below to narrow down on a suitable InstaReM competitor.
- Look at accepted payment methods.
- Determine if you meet minimum transfer requirements
- Establish how much you will pay as fees
- Make a selection
InstaReM Competitor Comparison Table
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
InstaReM
- 7.7/10
- Online
- $10 Free! Use ICOMPARE10
ICOMPARE10 is a coupon code. Not a referral code. Use ICOMPARE10 when you go to make your first transfer. - 0.25%-1%Fees will depend on where you are sending to. InstaReM charge a transfer fee of 0.5% in Australia and Hong Kong, and 0.25% in Singapore
- 1 - 3 Days
- $50
WorldRemit
- 9.4/10
- Online OnlyOne off transfers Phone assistance available
- First Transfer Fee Free.
Your first overseas transfer Fee Free! Learn more - $3 - 4For example. Sending €10,000
from Australia would incur
€50 fee + 4-5% exchange
rate fee on top of market rates. - 1 - 3 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
CurrencyFair
- 9.2/10
- Online
Phone AssistanceOne off transfers Regular transfers - 10 Transfers Fee Free!
Your first Ten Transfers Fee Free! Learn more - €3Euro Equivalent. Learn more
- 1 - 2 DaysPriority 1-Day transfers are available at extra cost
NEW Automatic QuickTrade feature could take as little as 1 hour! - Their website is also responsive so it auto-scales to your screen size.
- €8Euro Equivalent. Learn more
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
InstaReM
InstaReM is a Singapore-based overseas money transfer company that also has offices in the U.S., the UK, Lithuania, Australia, India, Malaysia, and Hong Kong. Access to the dedicated websites this company operates for different countries comes only in English. You may register with InstaReM as an individual or a business.
Pros
- InstaReM offers best transfer rate guarantee
- Serves individuals and businesses
- InstaReM offers mid-market rate with no margins and charges only a nominal fee.
- Offices in Singapore, the U.S., the UK, Lithuania, Australia, India, Malaysia, and Hong Kong
- Accepts customers from U.S., the UK, Eurozone countries, Australia, India, Hong Kong, Singapore, and Malaysia
- Depending on where you live, you may pay via a bank account transfer, a debit card, POLi, or FPX
- Businesses get access to multi-currency accounts
- Businesses may use the company’s Masspay platform to make mass payments
- Daily FX Alert and Exchange Rate Watches available.
Cons
- Transfer fees vary according to where you live
- No Forward Contracts available
- No multilingual website
- No cash pickup centers
OFX
Headquartered in Australia, this InstaReM alternative began operations in 1998, as OzForex. It rebranded itself as OFX in 2015. The company has offices in New Zealand, the U.S., Canada, the UK, and Hong Kong. Access to the OFX website comes only in English. It lets you register as an individual, a business, or an online seller.
Pros
- Provides services to individuals, businesses, and online sellers
- Dedicated websites for Australia, the U.S., and the UK
- Headquarters in Australia, offices also in New Zealand, the U.S., Canada, the UK, and Hong Kong
- Provides local phone support in various countries
- Fee-free thresholds make way for free personal transfers
- Send funds online or over the phone
- Choose from forward contracts, limit orders, and scheduled transfers
Cons
- Lets you trade some currencies only over the phone
- Website access only in English
- No cash pickup centers
XE
This Canada-based alternative to InstaReM began operations in 1993. It also has offices in the U.S. and the UK. XE (formerly HiFX) operates dedicated websites for the U.S., Canada, the UK, Australia, and New Zealand. Website access comes in different languages. This company lets you register as an individual or a business.
Pros
- Sign up as an individual or a business
- Headquarters in Canada, offices also in the U.S. and the UK
- Dedicated websites for the U.S., Canada, the UK, Australia, and New Zealand
- Multilingual website
- Personal transfers attract no fees
- Provides limit orders
- Get customer service in English, French, or Spanish
Cons
- No cash pickup centers
- No scheduled transfers
TorFX
This UK-based InstaReM competitor with a physical presence in Australia began operations in 2004. It launched a dedicated website for the Australian market in 2013. However, you may use both its websites only in English. TorFX provides services to individuals and businesses.
Pros
- Serves individuals and businesses
- Personal transfers come with no fees
- Provides travel money solutions in the UK
- Choose from forward contracts, limit orders, stop loss orders, and scheduled transfers
Cons
- Offices only in the UK and Australia
- Website access only in English
- No cash pickup centers
WorldFirst
WorldFirst began operations in 2004. Headquartered in the UK, this alternative to InstaReM also has offices in Hong Kong, Singapore, and Australia. It operates dedicated websites for the UK, Australia, France, China, Japan, Hong Kong, and Singapore. You may access some of these websites in local languages. The company offers services to individuals, businesses, and online sellers.
Pros
- Register as an individual, a business, or an online seller
- Dedicated websites for the UK, France, the Netherlands, Hong Kong, Singapore, China, Japan, and Australia
- Headquarters in the UK, offices also in the Netherlands, Hong Kong, Singapore, and Japan
- Website access in different languages
- WorldFirst provides fee-free personal transfers
- Transfer funds online or over the phone
- Provides forward contracts and scheduled transfers
Cons
- WorldFirst does not let you send money from the U.S.
- Need to transfer more than preset minimum limits
- No cash pickup centers
CurrencyFair
Ireland-based CurrencyFair began operations in 2009. It also has offices in the UK and Australia. The CurrencyFair peer-to-peer Exchange platform lets you bid for preferred exchange rates. You may register with this InstaReM competitor as an individual or a business.
Pros
- Register as an individual or a business
- Headquarters in Ireland, offices also in the UK and Australia
- Transfer as little as €8
- Website access in different languages
- Bid for preferred rates using the Exchange platform
- Schedule transfers according to your needs
Cons
- Services not available in all American states
- Charges 0.35% of the transfer amount plus €3 as fees
- No limit orders and forward contracts
- No cash pickup centers
FC Exchange
FC Exchange is a UK-based company with offices in Hertfordshire, Cornwall, South Africa, and Cyprus. This InstaReM alternative has been around since 2005. While you may use its global website only in English, it provides access to its website for online sellers from China in English and Chinese. This company serves individuals, businesses, and online sellers.
Pros
- Provides services to individuals, businesses, and online sellers
- Headquarters in the UK, offices also in Cyprus and South Africa
- Dedicated website for online sellers from China, which you may use in English or Chinese
- Transfer funds online or over the phone
- You may issue transfer instructions via fax or email in some situations
- Choose from market orders, forward contracts, and scheduled transfers
- Get access to a dedicated currency broker upon signing up
Cons
- Access to global website only in English
- Transfer fees depend on the destination country and the payment method
- No cash pickup centers
WorldRemit
This alternative to InstaReM has its headquarters in the UK, with offices also in the U.S., Canada, Australia, New Zealand, and Japan. You may use the WorldRemit website in different languages. The company lets you pay for your transfer using a credit card. Recipients may collect transferred funds from cash pickup locations. This company serves only individuals.
Pros
- Low minimum transfer amount of £1
- Headquarters in the UK, offices also in the U.S., Canada, Japan, Australia, and New Zealand
- Website access in different languages
- Local phone assistance provided in different countries
- Transfer funds to bank accounts or cash pickup locations
- Top off mobile airtime and mobile wallets
Cons
- Does not serve business clients
- Your country of residence and the transfer method you choose may have a bearing on sending limits
- Transfer fees depend on the amount you want to transfer, the transfer method, and the destination country
- No forward contracts, limit orders, or scheduled transfers
Frontierpay
UK-based Frontierpay has been around since 2009. It has no international offices. This InstaReM competitor gives all its customers access to personal dealers. It accepts payments via credit cards. Website access comes only in English. You may register as an individual or a business.
Pros
- Serves individuals and businesses
- Personal transfers are fee-free
- All customers get access to personal dealers
- Transfer funds online or over the phone
- Business clients may choose from market orders and forward contracts
Cons
- No offices outside of the UK
- Website access only in English
- Minimum transfer amount is £500
- UK-based number for phone support
- No cash pickup centers
Azimo
Headquartered in the UK, Azimo also has an office in Poland. It entered the international money transfer market in 2012. You may pay for your transfer using a credit card. The company lets you send money to cash pickup centers. It operates a multilingual website. This InstaReM alternative does not serve businesses.
Pros
- Website access in different languages
- Provides email support in multiple languages
- Depending on the destination country, available transfer methods include transfers to bank accounts, cash pickup locations, mobile wallets, and mobile airtime, as well as home delivery of funds
Cons
- Serves only individuals
- Only residents of Europe may register as customers
- Only office outside of the UK is in Poland
- Accepts payments only in European currencies
- Transfer fees depend on the amount transferred, the transfer method, and the destination country
- Does not provide limit orders, forward contracts, or scheduled transfers
TransferWise
TransferWise has been in business since 2011. This UK-based alternative to InstaReM traces its roots to Estonia and has offices in several countries. It operates a multilingual website. With the TransferWise Borderless Account, you may receive payments and hold funds in up to 27 currencies. The company accepts payments via credit cards from residents of some countries. It serves individuals and businesses.
Pros
- Provides services to individuals and businesses
- Register using your Google, PayPal, or Facebook account
- Dedicated websites for the U.S., Canada, the UK, Spain, France, Switzerland, Germany, Italy, Brazil, Australia, New Zealand, Singapore, and Japan
- Headquarters in the UK, offices also in the U.S., Estonia, Ukraine, Hungary, Australia, Singapore, and Japan
- Website access in various languages
- Provides local phone support in different countries
- Transfer as little as you want
- Use email addresses to send and receive funds
- Use the Borderless Account to hold funds in multiple currencies
Cons
- Its peer-to-peer network does not include all countries
- Transfer fees depend on the transfer amount, the transfer method, and the destination country
- No forward contracts, limit orders, or scheduled transfers
- No cash pickup centers
Banks
You’ll have a hard time trying to find a bank that is better than InstaReM when it comes to sending money from one country to another. Banks are known for the typically steep fees they charge and the exchange rates they offer often leave room for improvement. Besides, they don’t rate well with turnaround times as well. If you need a quick and cost-effective way to make a cross-border remittance, it is best that you limit your search to specialist fund transfer companies.
Learn More
- Find MoneyGram alternatives.
- Is TransferWise similar to HiFX?
- Who is similar to Payoneer?
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