Which is better, Wise or Instarem?

Wise uses the mid-market exchange rate and charges a separate, transparent fee. Instarem generally makes its money through a margin on the exchange rate, with low or zero fees on some transfers. Which works out cheaper depends on the currency and amount you're sending, so compare quotes from both before you send.

What are Instarem's minimum and maximum transfer limits?

Instarem's minimum transfer amount in Australia is $1. There are no bank transfer or PayID limits but you'll have to look elsewhere if you need to send more than AUD$20,000 per transaction using a debit or credit card.

What currencies can be used to pay for an Instarem transfer?

Instarem supports transfers to 60+ countries, but you can only fund transfers in 10 currencies: AUD, CAD, EUR, GBP, HKD, INR, JPY, MYR, SGD and USD. In Australia, you'll pay in AUD.

How does Instarem's rewards program work?

Instarem's loyalty program lets you earn InstaPoints when you sign up for an account (25 points), complete verification within 36 hours of signing up (an extra 100 points) and refer friends (200 points each when they make their first transfer). You'll also earn points on transfers of USD 500 or more (or the equivalent in AUD). Points can be redeemed as discounts on future transfers, and the program is only available for personal accounts.