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2Instarem

Instarem

 Verified
2Instarem
4.1

873 reviews

Positive vs Negative
82%18%
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Transparency ?
4.3
Rates and Fees
4.2
Timeliness
4.2
873 reviews
5 Chandan A.  · Quick, Easy and low fee – Quick, Easy and low fee. Great platform to transfer money overseas.
4 rajasri P.  · Ya its good and instant – Wish transaction fee is less, its been a bit high.
5 Ankur  · Easy way to transfer money – Easy steps for sending money Instant money transfer Discount codes provided as well
3 Robie  · The transaction fee is too much compared to other remittance – I hope they will lower the fee like 4$ compared to other remittance online.
5 rajashekar  · excellent and reliable – I have been using Instarem since 5 years it is easy and fast way to transfer money. And great competitive exchange rates.
1 TIMOTHY  · hopeless – your system does not accept bank details or swift details
EJLaz
EJLaz4 posts
 

Horrible service! They require to much to remit money including bank account details from sender aside from id's and on top a phone call to validate your remittance, all this they require when you already send the remittance money to their account. They only ask you the most basic personal details and id when you sign up, they lure you to using… Read more

them and realise after that you got scammed!!! They want access to your bank account to steal your money!!! Beware and be warned!!!! Wasted too much of our time!! No contact number to call when you have issues!!!

SHL
SHLWA
  Verified

Very clunky and slow way to send money. Bank a/c verification takes a long time and when I used the same bank, they ask me to verify again! In the mean time, they hold my $ so the delay is annoying :(

YJiang
YJiangVIC
 

BEWARE this company actually has trouble transferring to China. Been trying for over a week and the fund keeps getting refunded. Would highly recommend remitly instead. Much smoother experience and flexible platform

Reviews with attachments

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Tam
TamVIC7 posts
  Verified

DON’T use Instarem - SERVICE IS NO GOOD – Hi, I've paid Instarem to transfer the money but the bank of the recipient require a name/address associated with the transaction in order to release the money (the bank said my name/address doesn’t match with what they have). Yet, Instarem can’t provide it. Instarem have been saying the same thing like these over & over every time I check for an… Read more

update; "I've already highlighted the team..." & "We will notify you as soon as we have an update via email."

I’ve been waiting for days & I don’t know when it’s going to get resolve.

Instarem
Instarem    

Hi Tam, We sincerely regret the inconvenience caused… Read more

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Ashish G.
Ashish G.
 

Instarem is very Unprofessional for Business payments – We are struggling with Instarem for business payments. They just dont transfer funds and HOLD your for money weeks for no reason , ultimately we had to ask them to cancel the transaction. No Support or chat options available in Business accounts,. Its pathetic feeling where you need to send money and they just HOLD it . Transaction was… Read more

initiated on 12th May -- not credited at all.. i had to ask for cancellation on 21st May. Snip attached. Happened 3 times in a row... not going to use their services ever again.

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Muhammad Muneeb
Muhammad MuneebNT14 posts
  Verified

Worst people to deal with – They have got the money from my uncle, who is 63 old and now they are giving him a hard time shame on you he is sending me the money to help me to buy my first home also family maintenance , these people have first said they have not received the funds not saying that its under process but still shows awaiting payment and on enquiry accepted that… Read more

they have received the funds,shame on you its been a week now. I have already involved AFCA. My uncle cin 14093753

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Deepu J.
Deepu J.31 posts
  Verified

Do not fall for this scam company – They false claim to process your transaction instantly . Proof attached . I had done a transaction yesterday and its still processing . Their helpdesk is useless . Their rates are also low . Trying to save you guys some time and money

Instarem
Instarem    

Hi Deepu J, Thank you for your message. We appreciate… Read more

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Ashish
AshishVIC
  Fair Incentive

InstaReM is easy and quick – I would suggest putting more efforts into the UX design of the website. You can make it more user friendly. For eg. 1. Adding History options in list menu as well attached is the list I am talking about. 2. You can change the "My info" menu item to "My profile" or something more generic. 3. Once I am on the "dashboard" I can't see or find anything related to InstaReM offers etc. Few more things are there but for now, it's enough. :) Show reply

Positive reviews

Jo Youssef
Jo YoussefQLD4 posts
  Verified

Smooth, efficient and reliable – Smooth, efficient and reliable. Used Instarem 3 times now and had no issues. Transfers get delivered within the day. The first transfer may take longer due to bank approving new payee. The other great thing is that the rate you agree to when you start the transaction doesn't change :) Show reply

Dave
Dave
 

The best Money Transfer Company. EVER!!! – I did a money transfer through INSTAREM on 20th April 2023, which was credited to my beneficiary account within minutes. Would you believe it?

J.D
J.D
 

Best App with best backend service – I have always found money transferred with them have been received in timely manner. I also accidently paid one transaction multiple times and their team initiated the extra amount refund within 24hours. Their service has been impeccable throughout last 2 years that I have been with them.

Negative reviews

James J.
James J.
 

An awful experience – Zero response from Business Development manager [Name Removed] in regards to a business account verification and the refund of a transfer. Zero help from customer service despite resubmitted documents and a very slow email response time. I typically pay 15 - 20k in international wages each month and wanted to switch from Commbank to another… Read more

provider for lower fees. Instarem was a major stuff around. I used paysend, and it was done in 24 hours and will continue to use them.

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Sandeep C.
Sandeep C.
  Verified

Extremely Disappointing Service - Not Recommended – My experience with Instarem has been extremely disappointing. Their verification process is unnecessarily slow, taking far longer than expected. Despite claiming to transfer funds within 3-4 days, this promise is far from reality. The app also has technical issues, including a broken chat system, and their support team is unaware or unable to… Read more

help. I don’t understand how they receive 5-star reviews for customer service when mine was frustrating and unhelpful. If you need to transfer money quickly, I strongly advise against using Instarem. I hope they take this as an opportunity to improve.

Chaitanya Samardhi
Chaitanya SamardhiQLD5 posts
 

Extremely inconsistent and far from being flawless – One of most consistently inconsistent platform. They are always consistent in being inconsistent. Everytime they come up with a new issue for the exactly same transfer I do each month. Only less than 50% of the times does the transaction go seamlessly. Every other time there is some issue or another. Show details

Recent reviews

amu p.
amu p.NSW
 

Pathetic servce – Terrible service these days. It takes ages to re verify a document that is expired. Hopeless. Stay away. Better choose a different remittance platform.

Francisca C.
Francisca C.11 posts
 

Refund is very hard if sent to incomplete bank details – I sent money to the bank account overseas but missing one digit. definitely, no banks can receive the money. I immediately advised Instarem about the missing digit. Unfortunately, the answer is always "money transferred". How to transfer if the account number is wrong? Should not take more than 3 days to rectify the issues. Show details

Rashmi
RashmiNSW
  Fair Incentive

Not Happy !! – 1. It is getting transaction cancelled with no reasons from my account. 2.Once I had used spouse debit card for transfer and now It does not accept the card details on spouse's account which is not letting to make money transfer. Stuck with no options on Instarem :(

Acchyut
AcchyutNSW2 posts
 

Fast and accurate – Have been using the service for a while, and except for one occasion which happened to be an operational issue it is a good experience. Very fast service.

Taieba A.
Taieba A.NSW
 

Customer service is very irresponsible – They said they will send the disocunt coupon within 24 hours time. I requested to please send asap. they saidyes definitely and did not send any coupon. Its been 3 days now and watijg for theor coupon I lost money as I the AUR to INR exchange rate reduced during these days and the transaction that was withheld got cancelled in 24 hours.

Ask
AskNSW5 posts
  Fair Incentive

Best remittance provider – I have been using instarem for the past few years now. I have used few other remittance provider, instarem is definitely one of the best, fast and has very competitive rates. I highly recommend instarem for overseas transfers

Chandra
Chandra
 

Worst customer service – Its nothing short of a nightmare to transfer. I did wise and instarem on same day and wise reached within few hours and instarem is finding reasons and transfer hasnt finished even after lik 48 hours. this after providing all documents on time. Avoid at all costs as they literally harass customers and god knows if the transfer will ever happen or not.

Instarem
Instarem    

Dear Chandra Thank you for contacting us,Apologies for… Read more

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Aaru
AaruNSW
 

Amazing speed – The Transfer of money happened in few minutes. I have asked my Mom to wait in the ATM to withdraw the money. Within 5 minutes she was able to withdraw. Thanks for your excellent service.

Trevor W.
Trevor W.
  Fair Incentive Verified

Great service – I used to use WU (Poli) which worked fine until one day it didn't and no-one at either WU or my bank could tell me why I wouldn't work, I looked around and found Instarem - not only did their rates seem better but they also offered PayID transfers - transfers to IDR bank account are now almost instantaneous (although they say it will take up to 4… Read more

hours).

They also offer "instapoints" which you can put toward reducing fees charged on a transfer but mine always seem to expire before I can save up enough to use them. The reward offered for this review is 25 instapoints which if you have enough points to redeem (minimum 100 points) would equate to a 25 cent fee reduction. I'd write this review without the incentive because they are good and fast.

Nik
NikSouth Australia3 posts
  Fair Incentive

transparent, superfast and reliable services, have been using for last 8 years – transparent, superfast and reliable services, have been using for last 8 years.

Benny J.
Benny J.WA2 posts
 

Exemplary service and fast payment – Instarem provides exemplary service and their transfer overseas is very fast. I have been using their service for many years and never I had any hiccups other than the initial verification and the first time transfer. Most time money reaches in the overseas bank in a few minutes. They also offer very best rate comparing to other providers.

Sangeeta M.
Sangeeta M.VIC
  Fair Incentive

Instarem money transfer – I am using Instarem for the past 6 months and it is seamless all the time. Money transfer was quick and easy. Money will get credited in your account in quick time. Thanks Instarem.

susmee taa s.
susmee taa s.
 

Poor service – I have been using this for more than 2 years and it has never failed me which is why i recommended it to my friend and she sent money through Instarem because of my recommendation and her transfer hasn't been competed till now. Its been 2 weeks, she is trying for customer service and all they reply is ur problem is our priority and ur transaction… Read more

will be completed in 1-2 business days. They should be compensating her for holding her money for two weeks counting today and it still hasn't been processed yet.

Manish K.
Manish K.Victoria
 

Terrible service – Worst service, scammer, time waster. Don't use their service as they will keep hold transaction on hold for 5-6 days and they will cancel transaction and block account. Even I tried ask they said that due to internal policy. There is not negative service otherwise I wanted to give -10

Mukesh
MukeshVIC
 

This is perfect application to send money overseas – Initially when i have to transfer money to overseas lots of things i need to take care. Best things in Instarem : Quick Transfer , Easy enquiry and detail report of all transactions

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