Instarem vs Remitly Comparison

Instarem, known for its transparent fees and extensive reach in Asian countries, caters to both personal and business transfers with competitive exchange rates.

Remitly, on the other hand, focuses on providing fast and convenient remittance services to over 40 countries, with options for bank deposit, cash pickup, and mobile money.

Both companies aim to simplify global transactions with their user-friendly platforms, ensuring customers can send money abroad with ease and confidence.


Company NameInstaremRemitly
Instarem ReviewRemitly Review
Customer Rating4.4/54.3/5
# Rating Customers5,800+ on TrustPilot33,000+ on TrustPilot
Top 3 Pros
  • Fast transfers to India
  • Good customer support
  • Large international footprint
  • Fast bank-to-bank and cash pickup options
  • Money back guarantee
  • Well-reviewed app
Top 3 Cons
  • No phone support
  • Slow account verification
  • Not the best rates for USD conversions
  • Extensive KYC for higher limits
  • Not suitable for large transfers
  • No dedicated dealers


Company NameInstaremRemitly
Office LocationsSingapore, Australia, Malaysia, India, USA, and moreUSA, Nicaragua, Philippines
# Currencies55+65+


Company NameInstaremRemitly
Regulated byMultiple global authorities including MAS, ASIC, and FCAFCA, FinCEN, and other global regulators
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameInstaremRemitly
Min Transfer$50$10
Max TransferVaries by country, high limits$30,000 after full verification
Fixed FeesVariable, lowVariable, can be high for express transfers
See rates before you log in?YesYes

Customer Support

Company NameInstaremRemitly
Dedicated DealerNoNo
Live ChatYesYes

Ways to Transfer

Company NameInstaremRemitly
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesNo
Cash PickupLimitedYes
Card Top-UpYesNo

Additional Functions

Company NameInstaremRemitly
Mass paymentsYesNo
Cash chequesNoNo
Multi-Currency Debit CardYesNo


On MoneyTransferComparison, Instarem has received a higher editorial score compared to Remitly. The advantages of Instarem over Remitly are these:

  • Lower transfer limits for more flexibility in sending smaller amounts
  • Broader range of currencies available for transfers
  • More transparent fee structure.

Both companies are reliable companies with good customer reviews, and both should be considered for your next international money transfer.

Instarem is better for customers needing to send money to and from a wide range of countries, especially in Asia, and those who prefer a transparent fee structure. It’s also suitable for individuals and businesses looking for competitive exchange rates on their transfers.

Remitly is better for customers who prioritize speed and convenience, with options for cash pickup and express transfers. It’s ideal for those sending money to family and friends who may need immediate access to funds in supported countries.