Instarem for students

We help parents and students save on overseas education payments by eliminating the additional fees that are charged by banks and other financial institutions in the name of forex fees, transfer costs and exchange rates. With Instarem, there are no hidden charges and low cost. Hence, you save more on overseas fee payments and other education expenses. Here are a few important things that no one tells you about overseas money transfers for education:

1. You can negotiate the conversion rate offered to you by service providers. They generally add 1-2% margin on the rate they quote to you. Clubbed with hidden fees and other charges, students/parents end up paying 2-3% more on overseas money transfers via such service providers.
2. Student loan providers cannot force you to remit your money from a particular service provider. You have every right to choose a service provider that suits your needs.

1. Instarem gives you FX rates directly* sourced from Reuters with minimal/low margins.
2. Instarem charges you a nominal fee that ranges between 0.25% and 1%.
3. Instarem believes in being transparent with its clients, hence, there are absolutely no hidden charges with Instarem. All the charges are displayed on the receipt and you know exactly the amount your recipient will get.

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.

Yes, you can transfer the fees directly to the University account using Instarem. After the payment, make sure you notify the university about the payment via Instarem along with the IN number. Also, mention that it will be a local payment into the university’s account, and not a wire transfer directly from your sending country. We will keep you posted at every stage of the transaction, via emails and SMSes.

Yes, Instarem allows you to send money to your own account.

Instarem transfers to and from multiple corridors. To find the sending limits from your country of origin, click here

When you make a wire transfer through a bank or an agency, there are additional charges of around USD 20 to USD 30. This additional amount is either deducted from your final amount or you are required to pay extra. With Instarem, there are no such charges. We offer you cost-effective money transfers to 55+ countries across the globe.