Instarem for students

Low-cost money transfers for studying abroad.

A smarter way to pay for overseas tuition fees & living costs​​

Instarem assists you with your overseas study expenses by offering low-cost, fee-free transfers for all your money transfer needs. 

With transparent pricing and no hidden fees, we offer a smarter and more affordable alternative to banks, saving you thousands on student allowances, living expenses, tuition fees, and other education costs.

Low cost

We provide you the best rates, sourced directly from Reuters.



You can sign up for an Instarem account in just minutes.

No hidden fees

You will always see the total fees clearly displayed on our app.

How is Instarem more cost-efficient than other money transfer services

InstaremOther service providers

Transaction charges

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

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


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

Additional USD 15-20.

Beneficiary amount

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

Deductions from the recipient’s bank account applicable.

FX rates

Prices reflect the current market rates with minimal/low margins. No hidden or extra cost.

For example: If USD/INR rate is 70, you pay exactly INR 70,000 for USD 1000.

Rates include high margins with hidden costs and extra charges.

Transaction status

Most competitive settlement time frames.

Takes longer time for the transaction to be completed.


Parents/Students save approximately 3% more with Instarem as compared to other platforms. 

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


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 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.

How do I save money on international university fee payments with Instarem?

  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.

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.

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.

Can I send money to my own account abroad?

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

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

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 offer you cost-effective money transfers to 55+ countries across the globe.