Instarem alternatives
Compare the best Instarem alternatives for Singaporeans to send money overseas.
Written by
Bill Ryan Natividad
|
Verified by
David Boyd
Updated 13 Mar 2023
|
Rates updated regularly
Comparing of 7 Instarem alternatives
On website
Remitly
Minimum Transfer Amount
S$10.00
Transfer Speed
Within an hour
Transfer Fee
S$4.00
Highlights
- Funds are available for most recipients minutes after being sent from Singapore.
- Choose from a variety of delivery options. Among others, cash can be delivered to recipients or picked up at a convenient location.
- Competitive exchange rates and fees.
Pros
Cons
Wise Money Transfer
Minimum Transfer Amount
S$1.00
Transfer Speed
1 - 2 days
Transfer Fee
S$0.00
Highlights
- Hold and send 50+ currencies from Singapore to recipients around the world.
- Money transfers can be funded with debit cards, credit cards, and bank transfers.
- Get a debit card to spend like a local whether you are in Singapore or overseas.
Pros
Cons
On website
Revolut Money Transfer
Minimum Transfer Amount
S$1.00
Transfer Speed
Within an hour
Transfer Fee
S$0.00
Highlights
- Transfer currency with competitive exchange rates and transparency.
- Money transfers between Revolut friends are free.
- Buy crypto, commodities, and stocks. Earn cashback rewards and much more.
Pros
Cons
WorldRemit
Minimum Transfer Amount
S$1.00
Transfer Speed
Within an hour
Transfer Fee
S$0.00
Highlights
- Transfer fees are typically around $1 to $4 per transaction.
- Fund transfers with a bank transfer, debit card, credit card, prepaid card, Apple Pay, or Google Pay.
- Recipients can collect cash locally. Funds can also be deposited in their bank account or sent to their mobile phone as a top-up.
Pros
Cons
On website
OFX Money Transfer
Minimum Transfer Amount
S$250.00
Transfer Speed
1 - 2 days
Transfer Fee
S$0.00
Highlights
- Transparent and easy-to-understand fee structure from an established money transfer service.
- Send a wide range of currencies with no maximum transfer amount for most.
- A solid option for online sellers, importers, and companies with remote staff overseas.
Pros
Cons
YouTrip
Minimum Transfer Amount
S$1.00
Transfer Speed
1 day
Transfer Fee
S$0.00
Highlights
- Send 150+ currencies using competitive rates and with no hidden charges.
- Get a YouTrip card that you can use to spend like a local when overseas or shopping online.
- Simple, convenient, and transparent.
Pros
Cons
Aspire
Minimum Transfer Amount
S$1.00
Transfer Speed
1 day
Transfer Fee
S$0.00
Highlights
- Geared towards businesses and freelancers who can take advantage of the borderless account.
- Issue corporate cards, manage expenses, and integrate with your accounting software.
- Integrates with major online marketplaces. Collect payments in USD or SGD.
