In this era of globalisation, overseas money transfers have become a necessity for individuals as well as businesses. Everyone today desires an easily accessible money transfer method that’s cost-effective as well as convenient. While most people prefer banks and money transfer operators (MTOs) for transferring money overseas, little do they know how much money they are losing in the process.
A World Bank report cites that global average cost of sending money overseas stood at 7.09% in the fourth quarter of 2017. As for MTOs, the International MTO Index was 8.23% during the same period, according to the report. Banks were found to be the most expensive type of service providers with an average transaction cost of 10.44%!
InstaReM is here to change all of that via its Zero-Margin FX rates and complete transparency on your overseas money transfers. How do we do that? For starters, we do not add any markups to your foreign exchange rates. With InstaReM, you get mid-market rates directly sourced from Reuters. You can also compare us with the rates displayed on Google, Reuters or XE. Our fee entails a small percentage of the amount being transferred and we do not sneak in any hidden charges on your money transfers. You get to see the exact break-up of your transaction on the receipt and also the amount that your beneficiary will receive. The best part is that we process your transactions faster than banks and MTOs where internal processes could hold up your money for up to a week!
To send money to Ireland, Sign Up with InstaReM today and experience seamless and cost-efficient money transfers from any corner of the world. We keep you posted about your transaction at every stage of its journey. Join InstaReM today to enjoy fuss-free overseas money transfers.
You can also transfer money to other countries in