InstaReM vs Monese - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like InstaReM and Monese have emerged as leading choices. Both InstaReM and Monese online platforms offer efficient and cost-effective and secure international money transfers from InstaReM and Monese.

We compare InstaReM vs Monese into the unique features and benefits that distinguish InstaReM vs Monese, empowering you to make an informed decision based on your specific transfer needs like InstaReM vs Monese fees, currencies available, available payment methods on InstaReM compared to Monese, support options offered by InstaReM vs Monese, speed and more.

InstaReM vs Monese: Quick Feature Comparison

  1. Visit InstaReM alternative InstaReM Visit InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  2. Visit InstaReM alternative Monese Visit Monese

    Used By: 2200000
    Currencies Available: 3
    Transfer Fees: none
    Payment Methods: Google pay
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 50000 EUR
    Year Founded: 2015

InstaReM vs Monese: Pros and Cons

InstaReM vs Monese
Advantages

InstaReM Advantages Monese Advantages
  • InstaReM is well rated among clients.
  • InstaReM is available internationally.
  • InstaReM has multiple currency options.
  • InstaReM provides phone customer support.
  • InstaReM provides email customer support.
  • InstaReM is available to iOS Apple device users.
  • InstaReM is available to Android mobile device users.
  • Monese boasts a high rating for sending money.
  • Monese operates in numerous international countries.
  • Monese offers registered customers email support.
  • Monese has a Apple iOS app on Apple app store.
  • Monese offers a Android Google Play Store mobile app.

InstaReM vs Monese
Disadvantages

InstaReM Disadvantages Monese Disadvantages
  • InstaReM has no PayPal support.
  • InstaReM has no Neteller payments support.
  • InstaReM has no Skrill payment support.
  • InstaReM does have a mobile digital wallet like some others.
  • No home delivery with InstaReM.
  • No cash pickups with InstaReM.
  • No money order support with InstaReM.
  • No live chat support with InstaReM.
  • Monese has no PayPal option.
  • Monese has no Neteller option.
  • Monese has no Skrill option.
  • Monese has few fiat currency then some others.
  • No digital wallets with Monese.
  • No Monese home delivery.
  • No Monese Cash pickups.
  • No Monese money order option.
  • No Monese Livechat.
  • No Monese telephone customer support.

InstaReM vs Monese Fees and Other Costs

Fee type InstaReM Fees Monese Fees
Transfer Fees 0%-1% none
Min Transfer $1 (minimum sending amounts could differ based on certain currency pairs) none
Max Transfer No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country) 50000 EUR
Payment Methods bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents) Google pay
Currencies AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD GBP, EUR, RON

InstaReM vs Monese Restricted Countries

InstaReM Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Monese Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

InstaReM vs Monese Transfer Speeds

Transfer Speed InstaReM Monese
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

InstaReM vs Monese Languages

InstaReM Supported Languages

English

Monese Supported Languages

InstaReM vs Monese Verdict - Which is better?

Which is best out of InstaReM and Monese depends on your needs.

  • InstaReM vs Monese Transfer Fees: Transferring money with InstaReM costs 0%-1% while Monese charges none.
  • InstaReM vs Monese Supported Currencies: InstaReM deals in over 1, where as Monese offers transactions in 1.
  • InstaReM vs Monese Payment Methods: InstaReM accepts bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents), while Monese allows transactions via Google pay.
  • InstaReM vs Monese Transfer Limits: InstaReM allows transfers between $1 (minimum sending amounts could differ based on certain currency pairs) and No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country). Monese's range is none to 50000 EUR.
  • InstaReM vs Monese Minimum Age for Account Creation: InstaReM requires users to be at least 18 years old, where as Monese has a minimum age requirement of 18.
  • Contact Number: You can reach InstaReM at 07 3053 8888 and Monese at .
  • InstaReM vs Monese Countries of Operation: InstaReM operates in over 1 countries but has restrictions in over 1 countries. Monese serves 1 countries and restricts operations in 1 countries.
  • InstaReM vs Monese Client Base: InstaReM is used by 130,000,000, where as Monese serves 2,200,000.
  • InstaReM vs Monese Year Founded: InstaReM was established in 2014 and Monese began its operations in 2015.
  • InstaReM vs Monese Customer Rating: InstaReM holds a rating of 4, in contrast, Monese has a rating of 3.
  • InstaReM vs Monese Headquarters: InstaReM has its headquarters at Singapore, while Monese is based at London, UK.
  • InstaReM vs Monese Employee Count: InstaReM employs 200 individuals, where as Monese has a team of 299.
  • InstaReM vs Monese Estimated Annual Turnover: InstaReM turnover stands at 10100000, while Monese boasts a turnover of 62800000.
  • InstaReM vs Monese Founder: InstaReM was founded by Sreya Dasgupta, holding the position of Product Owner. On the other hand, Monese was the brainchild of Norris Koppel, currently holding the position of CEO.
  • InstaReM vs Monese Supported Languages: InstaReM offers support in over 1 languages. Monese communicates in 1.

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Screenshots

InstaReM Screenshot

InstaReM Screenshot

Monese Screenshot

InstaReM Screenshot