Instarem vs TransferGo Business: Which is better for your business?

07 Apr 2025

3 mins read

Instarem vs TransferGo Business: Which is better for your business?

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Choosing the right business account can significantly impact how you manage your finances. We’re comparing Instarem business and TransferGo Business, focusing on their features, pricing, business card options, and more, to help you decide which one suits your business needs best.

	Instarem	TransferGo Business
Features	Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards	International payments, Multi-currency accounts, Batch payments, Easy-access savings account, Local and global account details
Pricing	No monthly fees and no fees for cross currency payments	No account opening fee, No monthly subscription, Currency exchange fees from 0.35%, Money transfer fees free on major routes, FX fees as low as 0.35%
Business cards	Virtual prepaid Mastercard® with FX savings and customised spending controls	Information not available

Instarem vs TransferGo Business: Key Features

	Instarem	TransferGo Business
Supported currencies	Pay in 40+ currencies	Supports over 35 currencies
International Payments	Pay up to 160+ countries	Send money to over 60 countries
Accounting Integration	Not available	Not specified
Business Debit Cards	Virual prepaid card with FX savings	Not specified
App	Mobile-web compatibility	User-friendly platform with mobile-friendly design

Both options offer robust features. Instarem stands out with its extensive reach, allowing payments to over 160 countries, while TransferGo excels in providing multi-currency accounts with competitive exchange rates. Ultimately, the best choice depends on your business’s specific needs.

Instarem vs TransferGo Business: Pricing

	Instarem	TransferGo Business
Account Opening Fee	No fees	No fees
Monthly Subscription	No fees	No fees
Currency Exchange Fees	Mid-market rate; no fees	From 0.35%
Money Transfer Fees	$0 fees for cross-currency payments	Free on major routes, £0.99 for fast-track delivery
FX Fees	Mid-market rate; no fees	As low as 0.35%

Instarem offers competitive services with no subscription fees and transparent pricing, while TransferGo provides free transfers on major routes and low exchange-rate markups starting at 0.35%. Consider your transaction volume and preferred funding methods to determine which pricing structure is more cost-effective.

Instarem vs TransferGo Business: Business Cards

	Instarem	TransferGo Business
Physical Card	Soon	Information not available
Virtual Card	Available for Google pay and Apple pay	Information not available
Custom Card	Not available	Information not available
ATM Withdrawal	Soon	Information not available

Both Instarem and TransferGo offer valuable business account features. Instarem provides virtual cards with customised spending controls and enhanced tracking, with physical cards and ATM withdrawal options coming soon. Information about TransferGo’s business card offerings is not readily available.

See how Instarem compares

	Instarem
Features	Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards
Pricing	No monthly fees and no fees for cross currency payments
Business cards	Virtual prepaid Mastercard® with FX savings and customised spending controls