International business payments

Business money transfers allow businesses to send and receive funds electronically, either within UK and/or internationally. To get started, simply sign up and create an Instarem business account in UK. With your account set up, you can easily start sending business payments with Instarem.

The transaction limits for B2B payments vary depending on the country’s regulations. Typically, banks allow businesses to have higher transaction limits, but it’s essential to check with your bank for specific limits applicable to your account and transactions.

For detailed information about Instarem's transaction limits, please reach out to [email protected].

For detailed information about Instarem's transaction limits, please reach out to [email protected].

Instarem does not charge any fees for opening an international business account. This means:

• No sign-up or account set up fee
• No subscription fee

You only pay when you use our service to make business payments. We offer full transparency by showing all fees upfront before you confirm the transaction.

To open a business account with Instarem, you'll need to provide the following information and documents:

1. Official name of your company, as registered.
2. Country where your business is registered.
3. Business registration documents showing that your business is legally registered.
4. Major stakeholders' details along with their identification documents
5. Your business’s registered address along with a document to verify it.
6. A valid, government-issued ID for the primary account holder.

Please note that document requirements may vary by country, and additional documents may be needed. For any queries, please reach out to [email protected][email protected].

Yes. For example, you can use your Instarem business account to send money to employees’ or freelancers’ personal bank accounts for paying their salaries.

Instarem business accounts are available for a variety of business types, from small and medium enterprises (SMEs) like startups or established companies with more complex financial needs, to freelancers and sole proprietors running their own businesses.

Want to find out how we can support your business? Click here to know more.

To open an Instarem business account, you will need to meet the following criteria:

1. Registered business entity: Your business must be legally registered in your country of operation.
2. Valid documentation: You’ll need to provide necessary documents such as business registration certificates, proof of address, and identification of key individuals.
3. Compliance with local regulations: Your business must comply with the regulatory requirements in your country and the countries you intend to transact with.

Currently, Instarem doesn’t offer the option to set up automatic payments for businesses. If you need help with managing your payments or finding alternative solutions, please contact [email protected][email protected].

Safeguarding your funds is our top priority. We follow strict regulations set by authorities in the countries where we operate. Here's how we ensure that your money stays safe:

1. Separate accounts: We keep your money separate from our own by placing it in a safeguarding account with a reputable bank.
2. Regulatory compliance: We follow stringent rules and guidelines from regulatory bodies to ensure maximum security.
3. Regular reviews: Independent experts periodically assess our safeguarding practices to ensure we meet all obligations.
4. Advanced security measures: We use industry-standard encryption and security protocols to safeguard your transactions.
5. Global standards: We comply with international financial safety standards and regulations.

To learn more about how we keep your funds safe, click here.

We usually verify your business account within 2-3 working days. It might take a bit longer if we need additional information or documents from you. But don’t worry — our representatives will reach out to you and guide you through every step of the process. We’ll keep you posted throughout the process to ensure everything moves along smoothly.

Cross-currency transfers

Instarem doesn’t charge fees for cross-currency transfers via the business account. However, our partner banks apply a small fee for processing. Since these fees are set by the banks, we can’t provide an exact amount in advance.

Same-currency transfers

Instarem charges a nominal fee for same-currency business transfers. We clearly show you the fees upfront before you complete the transfer, so you’ll know exactly what you’ll pay and what your recipient will receive. Our transaction fees vary depending on several factors, including:

• The country you’re sending money from
• The country you’re sending money to
• The amount you’re sending
• The payment method you’re using