Promotional FX Rate for First-Time Customers

Promotional FX Rate for First-Time Customers

Terms and Conditions

Instarem’s Special FX + Free Transaction Promotion (“Promotion“) is provided by NIUM Fintech Limited (“Instarem”). These Promotion terms and conditions supplement and are in addition to the Instarem General Terms and Conditions (

Please read these terms and conditions before participating in this Promotion.

By participating in this Promotion, you, as a Participant, and all the Participant(s) agree to be bound by these terms and conditions, and you satisfy all eligibility requirements as provided below.

  • Eligibility
    • To participate in this Promotion, you must have a registered and approved Instarem Individual account. This Promotion is applicable only for residents in the United Kingdom. The terms of the Promotion will apply to all new user(s) registered and approved with Instarem.
    • “New user(s)” refers to Instarem user(s) who have not, prior to making their first transaction during the Promotion Period, made any successful transactions via their Instarem account.
    • The offer is applicable on a first transfer between 500 GBP and 2,999 GBP.
  • How to Participate 
    • Register or log into Instarem.
    • Set up your first transaction to any of Instarem’s receiving corridors through Instarem’s website or mobile app. 
  • Promotion Period
    The “Promotion Period” begins on Oct 5th, 2023, at 12:00 AM GMT and ends at 11:59 PM GMT on August 31st 2024.  
  • Promotion Gratification
    Offer valid only for your Instarem transfers of a minimum & maximum amount as prescribed in the Eligibility criteria above. The Promotion will entitle eligible customers to:
    • Make one (1) fee-free transfer on your first transfer, using any payment method, to any of Instarem’s receiving corridors through Instarem’s website or mobile app.
    • Utilise the foreign exchange rate (the “Special FX Rate”) published on Instarem’s Special FX branded homepage or mobile application that are linked to these Terms and Conditions, as that rate was published at the time the qualifying transaction is submitted by you. 
  • Promotion Exclusions 
    • Instarem employees are not eligible to participate in this Promotion. 
    • This Promotion is not applicable for corporate clients. 
    • This Promotion is in no way sponsored, endorsed, or administered by or associated with any social media platform. 
    • [This Promotion is only applicable to the first successful transfer]. 
    • Instarem reserves the right to limit the number of individuals per household eligible for this Promotion. At Instarem’s sole discretion, any attempt by a customer to abuse this Promotion by using multiple/different identities, registrations, logins, and/or any other methods, will void and disqualify the customer from being eligible for the Promotion.
    • Insufficient funding of your transfer will render you ineligible for the Promotion. The Promotion will not be valid for any otherwise qualifying transaction that is cancelled either by you or by Instarem.
    • Failure to comply with any of these terms and conditions may result in the disqualification of the eligibility of  the Promotion for your transfer. 
  • Other Terms 
    • All transfers need to be within Instarem’s policies and regulatory requirements. Please refer to our FAQs for more information: 
    • Instarem expressly reserves the right, at any time and without prior notice, to add and/or alter, modify, change or vary all or in part, this Promotion, or to cancel the Promotion altogether without any prior notice. All decisions by Instarem regarding the eligibility of any user(s) or transaction(s) to participate in the Promotion shall be final and conclusive. 
    • For any assistance or complaints on any matter related to this Promotion, you can reach us via You can find more information about how to contact our support team here. 
    • Instarem is a brand operated by Nium Pte. Ltd. and its subsidiaries globally.. In the United Kingdom, Nium Fintech Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 [ (Reference Number 901024) to issue electronic money and provide payment services.