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.

Convenient

Convenient

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.

SWIFT/NOSTR 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.

Savings

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

FAQs

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.