(Free 225 InstaPoints) InstaReM Referral Code : 2YgK6l

Sign up for instarem account using referral code: 2YgK6l or referral link, and you will receive 225 InstaPoints. InstaPoints can be used to offset the fees in remittance transactions or cashback.

What is Instarem?

InstaReM is a digital transfer service that was founded in 2015. It is based on the idea of instant, low-cost online transfers.

InstaReM can complete your international money transfer faster than many of its competitors, with customers typically receiving their funds within 1-2 business days. This is due to their incredibly strong and unique global banking network.

InstaReM currently supports transfers from the following currencies to a EUR bank account: AUD, CAD, GBP, HKD, INR, MYR, SGD, and USD. Money can also be transferred to non-European countries such as South Korea, China, and Vietnam. Check their website to see if the country to which you want to transfer money is available.

You’d use InstaReMfor two main things:

• International money transfers — paying overseas tuition, sending money home, settling foreign invoices, or moving funds between your own accounts in 55+ countries. Rates are close to mid-market with no hidden margin, which usually beats your bank by 2–3%.
• The Amaze travel card — a Mastercard you can link to up to 5 of your existing credit/debit cards. It converts overseas spend to SGD at Instarem’s FX rate while still letting the underlying card earn its own rewards (where applicable).

The Singapore-specific perks worth knowing: you can verify your identity in minutes using Singpass MyInfo, top up via PayNow, and send to Malaysia near-instantly using DuitNow (just the recipient’s mobile or IC number — no bank account details needed).

Instarem Referral Code — What You Get

Here’s exactly what’s on the table when you sign up with code 2YgK6l:

InstaPoints conversion (2026 rates):

• 100 InstaPoints = S$1.25 off Instarem transfer fees
• Max 400 InstaPoints redeemable per transaction (= S$5 off)
• Alternatively, 1,200 InstaPoints = 400 KrisFlyer miles

It’s not a blockbuster cash bonus like some bank sign-ups, but the value is real — and the bigger win is the FX savings on your actual transfers, not the welcome bonus alone.

How to Use the Instarem Referral Code (Step-by-Step)

The whole flow takes about 10 minutes if you have your NRIC and Singpass handy. I timed mine — it was closer to 6 minutes using MyInfo.

1. Download the Instarem app from the App Store or Google Play, or head to instarem.com.
2. Tap “Sign Up” and choose Singapore as your country of residence.
3. Enter referral code 2YgK6l in the field labelled “Referral code” or “Invite code” during registration. This is the only step where you can apply the code — you can’t add it after signing up.
4. Verify your identity using Singpass MyInfo (fastest) or by uploading your NRIC/passport manually.
5. Complete a qualifying action:
   • For the remittance bonus: send your first international transfer of at least S$500 (corridor minimums may vary).
   • For the Amaze bonus: apply for the Amaze card from inside the app and spend a minimum of S$10 on it.
6. InstaPoints are credited to your account, usually within a few business days. Check the “InstaPoints” tab in your profile.

If you forget to enter the code at signup, Instarem typically won’t add it retroactively — so this is the one step worth not skipping.

My Personal Experience Using Instarem

I’ll share two specific use cases I’ve actually run through the platform, because the marketing copy never tells you the full story.

Remittance to Malaysia. I send money to family in JB roughly every other month. With DuitNow support, transfers usually land in under a minute — I once sent SGD 800 while waiting for kopi at a hawker centre and it had landed before my drink arrived. Funding via PayNow from a Singapore bank is free and instant on my end too. Compared to my old bank’s telegraphic transfer (which charged me around S$20 in fees plus an FX markup), Instarem is dramatically cheaper for this corridor.

Paying an overseas business. I once needed to pay an Australian supplier just over AUD 1,000. Most peer-to-peer remittance apps don’t allow business payments, but Instarem does — and I skipped the usual S$30+ bank telegraphic transfer fee entirely. The FX rate was within ~0.4% of the Google rate at the time.

Amaze card on a Bali trip. Linked my Standard Chartered card to Amaze and used it for hotels, food and transport. Transactions posted to my SC statement with an “AMAZE” prefix and were already converted to SGD, so I avoided the bank’s ~3.25% foreign currency fee while still earning my card’s regular rewards on the SGD amount. One small annoyance: I initially worried that linking my credit cards would change the MCC and kill my rewards eligibility. Confirmed with Instarem — MCCs pass through to the underlying card issuer, so rewards generally remain intact.

One gotcha worth flagging. Amaze charges the selected funding card at the time the transaction is posted, not when it’s authorised. I once selected Card A for an Amazon.sg purchase, then switched to Card B the next day. The charge posted to Card B and I missed Card A’s cashback category. Lesson: don’t switch your default funding card until pending charges have settled.

Eligibility & Terms You Should Know

Before you sign up, the honest fine print:

• New users only. If you’ve ever held an Instarem account, the code won’t apply.
• Singapore residents are the focus of this guide, but Instarem’s referral programme also works for Australia, Hong Kong, Malaysia, Europe, UK, US and Canada.
• You must be 18+ with a valid government-issued ID.
• One referral code per account. You can’t stack multiple codes.
• Qualifying transaction required. Just signing up isn’t enough — you need a first transfer or Amaze spend to trigger the bonus.
• InstaPoints expire after 6 months if unused, so plan to redeem them on a real transfer.
• Amaze rule change (March 2025): only wallet-funded Amaze transactions now earn InstaPoints (0.5 per S$1). Card-linked transactions no longer earn points. The cashback redemption option was also removed.
• Bank exclusions: as of 2025, DBS, Citi and UOB have excluded Amaze transactions from some of their credit card rewards programmes. Check your bank’s terms before relying on miles stacking.
• Hidden Amaze fees to know: MCC 6540 (e-wallet top-ups) and MCC 4111 (EZ-Link / TransitLink top-ups) attract a 1% fee (min S$0.50). A 1% fee also applies to monthly local SGD spend above S$1,000 on linked cards.

You can read Instarem’s full T&Cs on the official referrals page.

Is the Instarem Referral Bonus Worth It?

Honest answer: the sign-up bonus alone (~S$2.50) isn’t going to change your life. But that’s not really why you’d use Instarem.

The actual value sits in three places:

1. FX savings on every transfer. Banks typically add a 3–3.5% mark-up on overseas transfers. Instarem’s zero-margin FX rate can save you S$30–S$100+ on a S$1,000–S$3,000 transfer — far more than the welcome bonus.
2. Tuition and big remittances. On a US$20,000 overseas tuition payment, Instarem can save up to roughly US$380 vs traditional banks.
3. Stackable Amaze use for travellers. Even with the rewards trim, Amaze still beats most bank cards on overseas FX, and you sidestep the typical 3.25% bank FX markup.

If you mainly send small one-off transfers under S$200 or never spend overseas, the bonus is nice but the platform isn’t essential. If you transfer over S$500 internationally even a few times a year, or travel regularly, it pays for itself quickly..

A Quick Warning: Don’t Get Roped Into Money Mule Scams

A practical note since this comes up a lot in Singapore lately: keep your Instarem account secure and don’t let anyone else use it.

• Never sell, transfer, or “rent out” your account
• Don’t make payments on behalf of strangers, no matter how convincing the story
• Don’t share your login credentials, OTPs or Singpass details
• If something feels off, it probably is

Money mule activity is a criminal offence in Singapore and Instarem accounts have been flagged in past cases. The MAS and Singapore Police Force have warned about this repeatedly.

FAQ

How long does the Instarem bonus take to credit?

InstaPoints are typically credited within a few business days after you complete your qualifying first transaction (either a transfer or an Amaze spend of at least S$10). If they haven’t appeared after 7 business days, contact Instarem support via in-app chat.

Can I use the referral code if I already have an Instarem account?

No. Referral codes are strictly for new users only, and you can only apply a code during the initial sign-up registration screen. You can’t add a code after your account is created.

What is the minimum transfer to qualify for the referral bonus?

For the remittance bonus, you typically need to complete a first transfer of at least S$500 (some corridors have different minimums). For the Amaze bonus, the minimum qualifying spend is S$10 in foreign currency.

How much is 200 InstaPoints worth in SGD?

200 InstaPoints is worth approximately S$2.50 when redeemed as a fee discount on an Instarem transfer (100 InstaPoints = S$1.25). You can redeem up to 400 InstaPoints (S$5) per transaction.

Can I redeem InstaPoints for cash?

No. Since March 2025, Instarem removed the cashback redemption option. InstaPoints can only be redeemed as a discount on transfer fees or converted to KrisFlyer miles (1,200 InstaPoints = 400 miles).

How fast are Instarem transfers to Malaysia?

Very fast in my experience. With DuitNow support, transfers to Malaysian bank accounts or e-wallets often complete in under a minute. You only need the recipient’s mobile number, IC, or DuitNow ID — no bank account number required.

Is Instarem safe and regulated in Singapore?

Yes. Instarem is operated by NIUM Pte Ltd, which is regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under licence number PS20200276.

Can I use Singpass MyInfo to sign up?

Yes, and it’s the fastest way. Singpass MyInfo auto-fills your details from government records, which means verification often completes within minutes instead of hours.

Does linking my credit card to Amaze affect my card’s rewards?

Generally no. The Merchant Category Code (MCC) of the original transaction is passed through to your underlying card issuer, so rewards eligibility is usually preserved. That said, several banks (DBS, Citi, UOB) have specifically excluded Amaze transactions from certain rewards programmes — check your card’s T&Cs.

Do InstaPoints expire?

Yes, InstaPoints are valid for 6 months from the date they’re credited to your account. Plan to redeem them on a transfer within that window or you’ll lose them.

Can I top up Instarem with PayNow?

Yes. Singapore users can fund transfers via PayNow, FAST bank transfer, or by linking a debit/credit card. PayNow is usually the cheapest and fastest option.

What’s the difference between the Instarem referral code and a promo code?

A referral code (like 2YgK6l) is shared between users and rewards both parties. A promo code is issued by Instarem directly during marketing campaigns and usually gives a one-off fee discount. You can sometimes use both — apply the referral code at sign-up and a promo code at transfer checkout.

How many people can I refer with my own code?

Instarem caps referral earnings at 2,000 InstaPoints per cycle, which is 10 successful referrals at 200 InstaPoints each. Each referred friend must complete their first qualifying transaction for you to earn the points.