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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Surveys reveal that migrants have sent a record high of more than $500 billion (£320 billion) in remittances globally. As per the estimates, money remittances to the UK, including unrecorded transfers through formal and informal channels, could be worth up to $23 billion.
While remittances to the United Kingdom are on the rise, the cost of sending money to the country too has reached an all-time high. Banks and other money transfer services eat up a huge chunk of your money in the form of hidden charges and FX margins. InstaReM is here to change that. We transfer your money to the UK at Zero-Margin rates (mid-market rates directly sourced from Reuters with absolutely no margins added) and charge a nominal transaction fee. With InstaReM, you get to enjoy complete transparency on your money transfers. No nasty surprises or hidden charges at all. Try InstaReM and discover a safe and cost-efficient way to send money to the UK.
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