Instarem’s Referral Fest Promotion – Terms and Conditions

Refer and get a 30 SGD Instarem bonus  

Refer and get a 30 SGD Instarem bonus on each successful referral. As a welcome offer, referees also get a special discount on the transfer fees for their first transfer.  

Please refer to the T&Cs below. 

Share your referral link from here

Terms and conditions  

• This Referral Fest Promotion (“Promotion”) is organised by Nium Pte. Ltd. and its affiliated entities (collectively, “Instarem”). The Terms and Conditions set out herein (“Terms”) govern this Promotion. Please read the Terms carefully before participating in this Promotion. By participating in this Promotion, you agree and consent to be bound by these Terms and to receive notifications from Instarem regarding the Promotion.  

Who can be a Participant in this Promotion?  

• To participate in this Promotion, you must have a registered Instarem Individual account.  

• This promotion is applicable to ‘referrer(s)’, an individual who has an approved Instarem individual account in Singapore, and ‘referee(s),’ the individual who is the subject of the referral and who are residents of any of Instarem’s sending corridors: Australia, Singapore, Hong Kong, Malaysia, India, Japan, Europe, the United States, the United Kingdom and Canada.  

How to participate in the Promotion?  

• Referrer(s) can log into their Instarem account, share their referral link with their friends and family, or, simply copy the referral link shared on the promotion email sent on referrer’s registered email ID. Then ask the referees to sign up using the link. For more information see Steps to Refer Your Friend below.  

• Referee(s) must make a transfer of a minimum 500 SGD through the Instarem website or mobile app during the promotion period for the referrer(s) to be eligible for the reward. 

• Referees can make a transfer of a maximum amount as defined in their region by Instarem on https://www.instarem.com/info/international-money-transfer-limits/.  

• This promotion applies exclusively to remittance referrals only and does not extend to amaze referrals. 

Promotion period  

• The Promotion will run from Wednesday, June 4, 2025; 00:00:00 SGT until Thursday, July 3, 2025; 23:59:59 SGT. 

Promotion gratification  

For the Referrer:  

• The Referrer will receive their Instarem bonus once the Referee completes their first transaction of a minimum 500 SGD. The bonus will be sent to the his/her email ID (registered with Instarem) for every successful referral. 

• The 30 SGD Instarem bonus will be valid for 1 month from the date of receipt.  

• The minimum transaction value for the referrer to avail the Instarem bonus would be 1,500 SGD.  

• Get an Instarem bonus for every friend that you refer who makes a successful transaction with us. You will be eligible for one Instarem bonus per successful referral. For e.g.: If you refer 4 friends successfully, you will be eligible for 4 Instarem bonuses.  

• A “successful referral” is one whereby the referred customer has completed his/her first transaction of a minimum 500 SGD with Instarem successfully, without any related cancellations, rejections or unpaid transactions within the campaign period. 

• During this promotion, the referrer gets rewarded for a maximum of 10 successful referrals. For eg.- If a referrer refers 20 referees, and 15 turn out be successful referrals, the referrer is eligible to earn rewards for 10 successful referrals only.  

• The bonuses can’t be clubbed and have to used separately by the referrer. 

For the Referee:  

• Referee must use the Referrer’s referral code while signing up and may use only one referral code to sign up.  

• Referee must sign up and complete their first transaction of a minimum 500 SGD during the campaign period i.e., from Wednesday, June 4, 2025; 00:00:00 SGT until Thursday, July 3, 2025; 23:59:59 SGT. 

• Referee gets a special discount on the first time transfer fee. 

• If the Referee registers with Instarem from another region, the below minimum transaction values apply to qualify for a successful referral: 

Steps to Refer a friend  

1. A referrer has to log in and share his/her referral link with friends and family. On web – go to ‘Invite & Earn’ menu. On app – go to your profile/My Account. Or, the referrer can simply copy the referral link sent on his/her Instarem registered email ID and share it with friends and family.  
2. Referees sign up with the Referrers’ referral link.  
3. The Referrer can ask his/her friends to make their first transfer of minimum 500 SGD during the campaign period. Once the referee makes a successful transfer, the referrer gets rewarded.

Instarem’s Referral Fest promotion mechanics  

• The terms of the Promotion will apply to all the eligible referrers and referees who are registered and approved customers of Instarem.  

• A “successful referral” is one whereby the referred client has completed his/her first transaction of a minimum 500 SGD successfully, without any related cancellations, rejections or unpaid transactions within the Qualifying Period.  

• If the referred client does not make their first transfer of at least 500 SGD, then the Referrer won’t be eligible for the referral reward. 

• Only those transactions of referred customers(s) that are ‘Paid to Beneficiary’ (Transaction Status: Paid) as on end of Promotion date would be considered for the Promotion. There could be cases where last-minute transfers set up by referred customer(s) could face delays due to compliance or other regulatory reasons, or could be subject to delays in regular processing. Please note that such transactions will not be considered.  

• All transfers need to be within Instarem’s policies and regulatory requirements – Please refer to our FAQs for more information – https://www.instarem.com/help-personal/.  

Promotion exclusions  

• In case a Referrer has referred himself (he has created a 2nd account with his own details), it will not be counted in the referral total and such entries will be considered ineligible for the Promotion.  

• Instarem employees are not eligible to participate in this offer.  

• This Promotion is not applicable for corporate clients.  

• Transfers by newly referred customer(s) to their referrer’s account would be considered as a quid pro quo and would not be eligible.  

• Transfers by newly referred customer(s) of a referrer to a common account(s) would be considered as a quid pro quo and would not be eligible.  

• Failure to comply with any of these terms and conditions may result in the disqualification of the entry in the Promotion.  

Other terms  

• Instarem reserves the right to choose eligible entries of the Promotion and will not and does not have any obligations under any circumstances to explain the choice of eligible entries.  

• Instarem expressly reserves the right, at any time and without prior notice to add and/or alter, modify, change or vary all or in part, this Promotion or to cancel the Promotion altogether.  

• This Promotion is in no way sponsored, endorsed or administered by or associated with any social media platform.  

Instarem is a brand operated by Nium Pte. Ltd. and its subsidiaries globally. In Singapore, Nium Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Major Payment Institution (Licence No. PS20200276).