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

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

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

Wise vs InstaReM: Quick Feature Comparison

  1. Visit Wise alternative Wise Visit Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  2. Visit Wise 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

Wise vs InstaReM: Pros and Cons

Wise vs InstaReM
Advantages

Wise Advantages InstaReM Advantages
  • Wise has been serving clients for over 13 years
  • Wise is well rated among clients.
  • Wise is available internationally.
  • Wise has multiple currency options.
  • Wise provides phone customer support.
  • Wise provides email customer support.
  • Wise is available to iOS Apple device users.
  • Wise is available to Android mobile device users.
  • InstaReM boasts a high rating for sending money.
  • InstaReM operates in numerous international countries.
  • InstaReM offers an extensive range of currency options for money transfers.
  • InstaReM provides phone support.
  • InstaReM offers registered customers email support.
  • InstaReM has a Apple iOS app on Apple app store.
  • InstaReM offers a Android Google Play Store mobile app.

Wise vs InstaReM
Disadvantages

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

Wise vs InstaReM Fees and Other Costs

Fee type Wise Fees InstaReM Fees
Transfer Fees 0.5%-1% 0%-1%
Min Transfer US$1.00 $1 (minimum sending amounts could differ based on certain currency pairs)
Max Transfer US$1,000,000 (varies based on currency) No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
Payment Methods Bank transfer, debit card, credit card, SOFORT transfer bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
Currencies AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD

Wise vs InstaReM Restricted Countries

Wise Country Restrictions

North Korea

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

Wise vs InstaReM Transfer Speeds

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

Wise vs InstaReM Languages

Wise Supported Languages

English, French, German, Hungarian, Japanese, Polish, Portugese, Romanian, Russian, Spanish, Turkish

InstaReM Supported Languages

English

Wise vs InstaReM Verdict - Which is better?

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

  • Wise vs InstaReM Transfer Fees: Transferring money with Wise costs 0.5%-1% while InstaReM charges 0%-1%.
  • Wise vs InstaReM Supported Currencies: Wise deals in over 1, where as InstaReM offers transactions in 1.
  • Wise vs InstaReM Payment Methods: Wise accepts Bank transfer, debit card, credit card, SOFORT transfer, while InstaReM allows transactions via bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents).
  • Wise vs InstaReM Transfer Limits: Wise allows transfers between US$1.00 and US$1,000,000 (varies based on currency). InstaReM's range is $1 (minimum sending amounts could differ based on certain currency pairs) to No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country).
  • Wise vs InstaReM Minimum Age for Account Creation: Wise requires users to be at least 18 years old, where as InstaReM has a minimum age requirement of 18.
  • Contact Number: You can reach Wise at 44 20 7033 0296 and InstaReM at 07 3053 8888.
  • Wise vs InstaReM Countries of Operation: Wise operates in over 1 countries but has restrictions in over 1 countries. InstaReM serves 1 countries and restricts operations in 1 countries.
  • Wise vs InstaReM Client Base: Wise is used by 11,000,000, where as InstaReM serves 130,000,000.
  • Wise vs InstaReM Year Founded: Wise was established in 2011 and InstaReM began its operations in 2014.
  • Wise vs InstaReM Customer Rating: Wise holds a rating of 4, in contrast, InstaReM has a rating of 4.
  • Wise vs InstaReM Headquarters: Wise has its headquarters at London, UK, while InstaReM is based at Singapore.
  • Wise vs InstaReM Employee Count: Wise employs 2,243 individuals, where as InstaReM has a team of 200.
  • Wise vs InstaReM Estimated Annual Turnover: Wise turnover stands at 27000000, while InstaReM boasts a turnover of 10100000.
  • Wise vs InstaReM Founder: Wise was founded by Venkatesh Saha, holding the position of CEO. On the other hand, InstaReM was the brainchild of Sreya Dasgupta, currently holding the position of Product Owner.
  • Wise vs InstaReM Supported Languages: Wise offers support in over 1 languages. InstaReM communicates in 1.

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Wise vs InstaReM Alternatives Guides

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Screenshots

Wise Screenshot

Wise Screenshot

InstaReM Screenshot

Wise Screenshot