$30 off Your First Money Transfers (Minimum Amount $250) @ Instarem

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hanofee on 28/09/2022 - 23:31 instarem.com (86 clicks)
Last edited 29/09/2022 - 08:24 by 1 other user

CRICKET

Got an email from Instarem that they're running "Refer-a-friend T20 World Cup Promotion".

For the referree:
Referee gets an AUD 30 Instarem bonus by using coupon code CRICKET on their first transaction of a minimum value of AUD 250.
(Note: Any new user can also use NEW30 code for the same $30 bonus, if you don't want to use the referral system).

For the referrer, it's giving a chance to win 2 tickets to an ICC T20 world cup match in their city (or nominated city) with full T&C can be read here:
https://www.instarem.com/blog/terms-and-conditions/instarems…

Steps to Refer a friend

1. Log in, copy your invite code and enter it into OzBargain's referral system.
   On web – go to ‘Invite & Earn’ menu. On app – go to your profile/My Account.
2. Referee sign up with a randomly generated referral link.
3. Referees to make their first transfer using the promo code CRICKET with a minimum transfer value of AUD 250.
4. Once a successful transfer was made, you both get rewarded!

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Instarem

• 

  anamul on 28/09/2022 - 23:56

  +1

  Horrible conversion rate, $11.5 transfer fee. No thanks

  • 

    Mahip on 29/09/2022 - 01:03

    +1

    Which platform do you prefer for international transactions?

    • 

      Rusty McMusty on 29/09/2022 - 04:31

      Moneygram. Their website plays up with my Firefox tho, so I use Edge.

    • 

      anamul on 29/09/2022 - 07:40

      Western Union, Moneygram.

  • 

    hanofee on 29/09/2022 - 08:31

    Fee is depending on amount & destination. Rate also, depending on timing & destination. That’s how all of them make money. Do compare before transfer. On $250 transfer, that $30 will offset the differences no matter what (I just compare for $250 AUD that Moneygram gives 143.33 GBP with 2.99 fee, Instarem gives 148.55 with 3.13 fee not even counting the bonus, both paying with debit card)

    • 

      anamul on 29/09/2022 - 10:52

      I always send over a few grands and would instead stick to Western Union or Moneygram rather than share my details with a less-known company.
      The one-off $30 off doesn't compensate for the significantly different CC rate and 3/4 times higher fee.

      • 

        hanofee on 29/09/2022 - 11:07

        Fair enough if u don't want to give more details, everyone has different needs/risk profile. Just saying that horrible rates/fee maybe applied in ur case but certainly doesn't apply in all cases.
        Don't get me wrong, I'm not saying Instarem is the best or if it's even better than Moneygram. None of them are the best for me, I use 3-4 different ones (e.g: Wise, OrbitRemit are not bad too) and just compare the rates / whoever has promo running, when I need to send

• 

  aboutconfig on 09/10/2022 - 00:20

  For Instarem, If pay with credit card, will it be considered as cash advance ?

  • 

    hanofee on 09/10/2022 - 07:58

    Most likely not, but it depends on your credit card provider. I never had issue using my Macquarie cc with any of them (if they allowed card, as some wants bank transfer)