Can I use my Instarem business account for transfers originating outside the country in which it is registered?

14 Dec 2023
1 min read
Written by WebOps CPL

No, your Instarem business account is exclusively designed for making outbound payments from the specific country where it is registered. Due to the unique regulatory frameworks and onboarding requirements of each country, setting up multiple business accounts is necessary if you intend to operate from different countries. 

About Instarem

Instarem stands at the forefront of international money transfer services, facilitating fast and secure transactions for both individuals and businesses. Our platform offers competitive exchange rates for popular currency pairs like USD to INR, SGD to INR, and AUD to INR. If you're looking to send money to India or transfer funds to any of 60+ global destinations, Instarem makes it easy for you. We are dedicated to simplifying cross-border payments, providing cutting-edge technology that support individuals and businesses alike in overcoming traditional fiscal barriers normally associated with banks. As a trusted and regulated brand under the umbrella of the Fintech Unicorn Nium Pte. Ltd., and its international subsidiaries, Instarem is your go-to for reliable global financial exchanges. Learn more about Instarem.