Building financial wealth can begin in three simple steps: make, save and invest money. To meet their financial goals, Non-Resident Indians (NRIs) living in Australia, Singapore, the United States, Malaysia and other parts of the world often transfer money to their own bank accounts in India for investment and business opportunities to build their financial wealth. These funds serve as seeds that would grow over time with the right decisions.

To help NRIs send money to India seamlessly, Instarem, a money solutions provider, offers an easy and efficient method of money transfer to the motherland. Users can send money to an individual or business from the same account, which saves them the need to toggle between different accounts. This is unlike some platforms, especially in the United States, where users are not able to transfer funds directly from a personal account to a commercial entity.

Instarem provides a cost-effective, safe, and fast way to send money at transparent rates. To ensure the efficiency of stretching your dollar, Instarem offers great FX rates on every single transfer you make without any hidden fees, regardless of how many times you send money. You can easily check the rates on the Instarem website and app, which are sourced from Reuters with a nominal fee, for greater transparency.

Why should I send money online with Instarem?

Users get multiple benefits from using Instarem with wide market access. Here are the full details on why you should use Instarem:

• Cost-efficient – Instarem gives some of the best rates, even competing with big banks, all so you can get the best deal on your transaction.
• Simple and fast – Usually instant or same-day transfer. However, for certain countries, corridors, and payment methods it could be more than two business days to process a transaction.
• Safe and reliable – Instarem is regulated by nine financial regulators and is a trusted licensed service provider with licenses in Australia, Singapore, Hong Kong, Malaysia, India, UK, US, EU, and Canada. All its transactions are protected with the latest anti-hacking software to protect your transfer.
• Transparent fees – Instarem displays its current rates upfront so you know what you will be paying and how much your recipient will be receiving on the other end.
• Earn loyalty points – Users are gifted InstaPoints, which can be used to redeem as discounts on later transactions. This is very helpful for frequent transactions as one can save on currency in the long term.

How do I transfer money using Instarem?

With a few clicks on a simple app in the palm of your hand, Instarem enables you to send money overseas effortlessly.

Here is an easy step-by-step guide on how to download the Instarem app and set up a transfer.

• Download the Instarem app from Google Play Store or the App Store.
• Sign up using your Google, Facebook account or your email.
• Fill in your personal details and upload the required documentation to complete registration.

• You also have the option to be e-verified.
  Once your account is verified, the next step is to set up a transfer.
• Head to ‘Send’ and add a recipient through your phone contacts or manually.

Decide how you would like to fund your transfer by selecting your mode of payment. (T&C apply)

• Choose the currency you want to send and input the amount
• Select your recipient and transfer method
• Input transfer details: source of funds, reason for transfer and additional notes for tracking

• Key in your verification code that is sent to your phone number or email

You will be notified on the app once your payment is successful.

Now that you are all set, you can transfer money to Instarem using any of the multiple options of Electronic Funds Transfer (EFT)/ Bank Transfer/ Wire Transfer / credit and debit cards

Now that you know how to send money to India, you can easily conduct your remittance transactions with a few simple clicks anytime, anywhere with Instarem.

Is Instarem safe?

Regulated by nine regulatory bodies, Instarem has a TrustScore rating of 4.5 out of 5 on consumer review website Trustpilot, which means, consumers like you, from all over the world have great confidence in the platform.

As a part of fintech company Nium, Instarem is a safe remit option as it uses traditional bank to bank transfers which are highly secure and less vulnerable to data breaches compared to other payment methods.

If you don’t have an Instarem account yet, download the app now to make your first transfer and get Instapoints with our promo codes.

*Disclaimer: All images shown are for illustrative purposes.