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Frequently Asked Questions About Instarem
Can I trust Instarem? 🔐
Yes. Moving over US$4 billion annually across the globe for over 2 million customers in 2021, Instarem is a well-established and trusted money transfer provider that nine financial regulators around the world duly regulate. Moreover, Instarem holds an Australian Finance Services (AFS) license and is also registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
How do I send money using Instarem? 💻
To send money using Instarem, you'll need to visit Instarem's website and open a free account using your full name, address, contact details, date of birth, bank details, and proof of identification. Once you're registered and verified, you'll be able to log into Instarem's online dashboard to make a transfer by providing the details of the sender and receiver of the funds. Instarem will then convert your money and deposit it in your recipient’s bank account.
How long do Instarem transfers take? ⏱
Typically, a bank transfer made through Instarem can take up to two working days to process. Card payments are faster, taking a matter of seconds to arrive. To find out more about making fast payments across borders, take a look at our in-depth guide here.
Can Instarem send money to Nigeria? 🌴
No. Due to tight restrictions imposed by Nigeria's central bank, Instarem is currently not permitted to send money to Nigeria from abroad. Find your best alternatives using Monito's comparison engine instead.