What happens to my payments once they are received in my Global Collection Account?

14 Dec 2023

1 min read

Written by Team Instarem

For businesses based in Australia, Singapore, once they receive the funds in their Global Collection Account, they have the flexibility to utilise them for future transactions, exchange between wallets to fund a transaction, or decide to hold the funds as desired.

For businesses based in Malaysia, Hong Kong, India or Indonesia, after funds are received in their Global Collection Account, they remain there until midnight. At midnight, the funds are automatically transferred to their linked local bank account. 

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.

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