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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 Luxembourg At Zero-Margin Rates

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Send Money To Luxembourg

Looking for a cost-efficient way to transfer money to Luxembourg? Sounds daunting, doesn’t it? What’s interesting is that the challenge is not the dearth of such service providers, but the abundance of them. It’s not easy to make the right choice with so many money transfer service providers wooing you with claims of free transfers and other offers. The key to making the right decision is being well-informed. While high-street banks or popular money transfer operators (MTOs) seem to be the obvious choice, you need to watch out for the exorbitant charges they sneak into your transaction without your knowledge.

In the process, you actually end up losing a good sum of money to charges you are not even aware of. Besides, your recipient gets a significantly lower amount. Another issue with these services is the time taken to process the transaction. With traditional service providers, a money transfer may take up to a week to complete!

InstaReM, a digital international payments company, addresses all these issues and offers a simple, fast and cost-efficient alternative to expensive money transfers. So, how do we keep our costs so low? Well, ours is an online service that eliminates all middlemen, a key feature of the offline international money transfer service.

InstaReM understands that unfavourable foreign exchange rates are a major letdown for clients. Hence, we offer Zero-Margin FX rates for money transfers to Luxembourg and across the world. Last, but not the least, we keep things transparent with our clients - no hidden fees, and no hidden costs. You can see all the charges upfront on your receipt. Licensed to operate in eight different jurisdictions, InstaReM can facilitate payments to over 3.2 billion people around the globe. Sign up with us and gear up to send money to Luxembourg at Zero-Margin rates!

Frequently Asked Questions
  • Is it safe to send money to Luxembourg 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 Luxembourg 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 Luxembourg 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 Luxembourg are covered by InstaReM? InstaReM covers all banks in Luxembourg, including Deutsche Bank Luxembourg S.A., CACEIS Bank Luxembourg, Banque et Caisse d'Epargne de l'Etat (BCEE), Société Générale Bank & Trust, BGL BNP Paribas and UniCredit Luxembourg S.A., among many others.
  • What details are required to send money to Luxembourg?
    1. Name: When sending to individuals in Luxembourg, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Luxembourg.
    3. Account no: Beneficiary’s local account number in Luxembourg.
    4. Beneficiary’s bank code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Luxembourg.
  • 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 SWIFT codes for Luxembourg here.
  • Can I send money to the bank account of a business based in Luxembourg through InstaReM? Yes. You can use InstaReM for business transfers to Luxembourg.
  • What are the minimum and maximum limits for sending money to Luxembourg 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 Luxembourg? We make payouts in Luxembourg in EUR and USD only.
  • For what purposes can I send money to Luxembourg through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Luxembourg 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 Luxembourg
    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 Luxembourg? No. InstaReM does not support transfers to an email address in Luxembourg.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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