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Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer Money To Estonia At Zero-Margin Rates

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Send Money To Estonia

Making a living abroad and paying your mortgage or your kids' tuition fee in Estonia every month can burn a hole in your pocket - thanks to expensive international money transfers and hidden bank charges. With its open economy, excellent transportation links and central location, Estonia has captured a considerable share of the rapidly growing transit trade through the Baltic Sea. The constant flow of business and migration to Estonia has created a need for cost-efficient and speedy money transfer services. And that’s where InstaReM is making a difference. InstaReM offers expats, individuals, and businesses a cost-effective and hassle-free way to send money to Estonia.

When it comes to overseas money transfers, FX spreads, exorbitant fees and hidden costs are major pain points for clients. Though banks and many Money Transfer Operators (MTOs) promise low transfer fees and great rates, they offer far from actual mid-market rates. That's where InstaReM steps in with its offer of Zero-Margin FX Rates: mid-market FX rates sourced directly from Reuters with absolutely no margins added.

At InstaReM, our clients get what they see. There are no hidden charges or nasty surprises with us. We offer Zero-Margin FX rates, low transfer fees, and zero hidden charges, and you actually end up sending and saving more with us, doing more with your money, which otherwise would have been spent in fees. Our user-friendly website and app help you transfer money in just a few simple steps. You can depend on us for all your international money transfer needs. Just Sign Up with us and enjoy the InstaReM experience. We assure you that your money will be safely transferred to your recipient in Estonia. We have the best possible technology to protect all your transactions against cyber fraud. Our multi-layered security approach safeguards your data and money throughout the course of your transaction. We also keep you posted about your transaction at every stage. Go on to check our Zero-Margin FX rates for Estonia.

Frequently Asked Questions
  • Is it safe to send money to Estonia through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
  • How much does it cost to send money to Estonia through InstaReM?

    InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD or HKD to EUR, the fee is 0.5%. For payments from SGD to EUR, the fee is 0.25%. For transfers from MYR to EUR, the fee is 0.6%.  Please note that the fees are subject to change.

  • How much time does it take to send money to Estonia through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in Estonia are covered by InstaReM?

    InstaReM covers all banks in Estonia, including Swedbank, SEB Pank, Nordea Pank, Danske Pank, AS Eesti Krediidipank, DnB NORD Pank and Tallinn Business Bank, among many others.

  • What details are required to send money to Estonia?
    1. Name: When sending to individuals in Estonia, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Estonia.
    3. Account no: Beneficiary’s local account number in Estonia.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Estonia.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them.You can find Estonian SWIFT codes here.
  • Can I send money to the bank account of a business based in Estonia through InstaReM? Yes. You can use InstaReM for business transfers to Estonia.
  • What are the minimum and maximum limits for sending money to Estonia through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in Estonia? We make payouts in EUR and USD only.
  • For what purposes can I send money to Estonia through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Estonia from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Estonia
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in Estonia? No. InstaReM does not support transfers to an email address in Estonia.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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