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InstaReM for Students

Low-Cost Money Transfers For Studying Abroad

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Benefits Of InstaReM

For University Fees Payments

At InstaReM, we help students who wish to study overseas and pursue their dream career. With our low-cost overseas money transfers, you could save thousands on university fee payments when compared to banks. We help make your education abroad experience hassle-free while also helping you save money. If you're planning to study abroad, we can help you save money on college & university fee payments, rent payments, overseas living expenses and other education expenses.

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  • Best Transfer Amount Guarantee

    We give you the best transfer amount guarantee on transfers to 55+ countries across the globe.

    T&Cs apply
  • Zero Margins on FX Rates

    No inflated exchange rates. Unlike banks and other financial institutions, we use the exact FX rates shown on Reuters and Google. We don’t charge you any margins at all!

  • No Hidden Charges

    We don’t charge you a penny extra. We only charge you a nominal fee between 0.25% and 1%, depending on the countries you are sending from and to.

  • Convenient

    You can open an InstaReM account in just minutes, and save yourself trips to agencies, counsellors, banks and other financial institutions that charge multiple fees.

  • Transaction Charges
  • Swift/Nostro Charges
  • Beneficiary Amount
  • FX Rates
  • Transaction Status
  • Process
  • Turnaround Time
  • Savings

How Is InstaReM More Cost-Efficient Than Other Money Transfer Services

Transaction Charges
Other Service Providers
InstaReM
Transaction Charges
Other Service Providers

Around 4% including hidden charges such as margins on foreign exchange rates, bank charges, and service charges.

InstaReM

Transaction fees between 0.25% and 1% and no hidden charges.

Swift/Nostro Charges
Other Service Providers

Additional USD 15-20.

InstaReM

Not applicable for local currency payouts - eg: no charges for USD sending USD to USA.

Beneficiary Amount
Other Service Providers

Deductions from the recipient’s bank account applicable.

InstaReM

Guaranteed destination amount for local currency payouts - eg: no charges for sending USD to USA.

FX Rates
Other Service Providers

Other service providers add margins to the exchange rate. For example: If USD/INR rate is 70, these service providers add a margin of 75 paise, and you end up paying INR 77,500 for USD 1000, instead of the INR 70,000/- you would pay via InstaReM.

InstaReM

Actual market rates without any margins. InstaReM provides the conversion rate without adding any margins. For example: If USD/INR rate is 70, you pay exactly INR 70,000 for USD 1000.

Transaction Status
Other Service Providers

Real-time tracking not available.

InstaReM

Real-time tracking available.

Process
Other Service Providers

Multiple visits to offline branches and physical documentation required.

InstaReM

100% digital – easy sign up process that takes less than 10 minutes.

Turnaround Time
Other Service Providers

Takes longer time for the transaction to be completed.

InstaReM

Most competitive settlement time frames.

Savings
Other Service Providers

Parents/Students pay 2-3% more on university fee and overseas payments.

InstaReM

Parents/Students save approximately 3% more with InstaReM as compared to other platforms. Students can save up to USD 380 on every payment of USD 20,000/- on university fee payments

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Frequently Asked Questions
  1. How Is InstaReM More Cost-Efficient for International Student Fee Payments As Compared To Other Platforms Or Agencies?
    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 no margins on FX rates (Know more about our Zero-Margin FX rates). 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: a) 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. b) 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.
  2. How Do I Save Money On International University Fee Payments With InstaReM?
    a) InstaReM gives you mid-market FX rates and does not add any margins to it. In other words, InstaReM offers you FX rates at Zero Margins! b) InstaReM charges you a nominal fee that ranges between 0.25% and 1%. c) 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.
  3. Is It Safe To Send Overseas Tuition Fees Through InstaReM?
    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.
  4. Can I Send Fees Directly To The University?
    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.
  5. Can I Send Money To My Own Account Abroad?
    Yes, InstaReM allows you to send money to your own account.
  6. How Much Money Can I Transfer Via InstaReM For Studying Overseas?
    InstaReM transfers to and from multiple corridors. To find the sending limits from your country of origin, click here
  7. What Are SWIFT / NOSTRO Or Corresponding Bank Charges?
    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 give you the best transfer amount guarantee on money transfers to 55+ countries across the globe.
  8. What Is InstaReM’s Best Transfer Amount Guarantee?
    InstaReM gives you the benefit of Zero-Margin FX rates and no hidden charges, but that’s not all. InstaReM also gives students the Best Transfer Amounts on their overseas money transfers. If you find a better deal anywhere else, InstaReM will not only match the amount but also give you a lot more. To find out more, read the details here.

We top up your account with 75 InstaPoints as soon as you Sign Up.

InstaPoints are loyalty points that you can redeem against your transactions to give you a discount.

More The InstaPoints, More The Discount.

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