Please note: InstaReM offers Zero-Margin FX Rates.
We all prize transparency and cost-effectiveness when sending money overseas. With this insight, InstaReM switched to zero-margin FX rates in September 2017 and has been offering these rates in all corridors of operations. In this article, we help you understand how transferring money through zero-margin FX rates benefits you and exactly how much do you end up saving in the process.
Let’s Start With What Is Zero-Margin FX Rate …
Zero-margin FX Rate is a rate that the provider (InstaReM, in this case) receives from their rate provider. This rate is devoid of any markup of profit margin. We source our rates from Reuters. So at any given point of time, if you compare our rates to that on Reuters or even Google, you will see that they are the same.
You may like to read: 9 Things You Must Know About Foreign Exchange Rates and International Remittance
What Is The Benefit Of Sending Money With Zero-Margin FX Rate?
With Zero-Margin FX Rates InstaReM remits your money without adding any profit margin. We definitely do charge a minimal fee, but that’s all we charge to cover the cost of processing your transactions.
But with all the Great Rates and Low Fees, how much are you actually saving with InstaReM?
The following tables will give you a fair idea of total fees and exchange rate markup charges to transfer $1,000 overseas across our operational geographies.
Date: December 28, 2017
Date: December 13, 2017
So, you see with InstaReM.com lets you not only send money at the best possible rates, but also send more to your beneficiary by eliminating any kind of extra charge. World Bank ranks us as #1 cost-effective remittance platform in several corridors from Singapore and Australia.
At InstaReM, you get to know accurate details and the exact amount that your beneficiary will receive while setting up the transaction. Such transparency has gained us a lot of praises from our customers and a 4-star rating on Trustpilot.
Try InstaReM.com and enjoy seamless overseas money transfer at Zero-Margin FX rates.