There are numerous issues faced by students while transferring money to blocked account/university and these include,
Ever since fs2ym started helping students in their journey, we were constantly asked to recommend the best service provider for transferring money. Our search ended with InstaRem as the Singapore headquartered company provides the best exchange rate and has the best transparency. In this blog, we will take you through the step by step process of transferring money abroad with InstaRem. Consider an Indian student who got admit in one of the German university and is required to transfer 10236 Euro for visa purpose. Click here to open Inst
Step 1: Understanding how much you will be sending
Once the student enters the value of 10236 Euro in “They Receive”, he/she can see the exact amount (INR 793,334.63 for 10236 Euro) that need to be send. InstaRem currently allows a maximum of 10,000 USD for overseas education and therefore in order to transfer 10236 Euro, two transactions has to be made.
Step 2: Register / Sign up yourself as an individual
Step 3: Filling up your personal information
This process is fairly simple and is self-explanatory. Kindly note that the in this section referral code is asked and not the coupon code “FS2YM”. A student can use the referral code “PkWR1E” to get 400 InstaPoints while filling out this session.
Step 4: Document Uploading / FATCA Declaration
You will be asked to upload the relevant documents/ FATCA declaration in this session. For e.g. Pan card details for Indian citizens
Step 5: Profile Review & Verification
Once you have completed all the above steps, your profile will be reviewed and approved by InstaRem in a maximum of 48 hours.
Step 6: Adding your block account as Recipient
Step 7: Transfer the amount to blocked account
USE COUPON CODE “FS2YM” and get Rs 700 discount for your first transaction.
Since the maximum limit is 10000 USD in InstaRem, we need to make two transactions.
More links for read,