Instarem vs TransferGo Business: Which is better for your business?
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Choosing the right business account can significantly impact how you manage your finances. We’re comparing Instarem business and TransferGo Business, focusing on their features, pricing, business card options, and more, to help you decide which one suits your business needs best.
| Instarem | TransferGo Business | |
|---|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards | International payments, Multi-currency accounts, Batch payments, Easy-access savings account, Local and global account details |
| Pricing | No monthly fees and no fees for cross currency payments | No account opening fee, No monthly subscription, Currency exchange fees from 0.35%, Money transfer fees free on major routes, FX fees as low as 0.35% |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls | Information not available |
Instarem vs TransferGo Business: Key Features
| Instarem | TransferGo Business | |
|---|---|---|
| Supported currencies | Pay in 40+ currencies | Supports over 35 currencies |
| International Payments | Pay up to 160+ countries | Send money to over 60 countries |
| Accounting Integration | Not available | Not specified |
| Business Debit Cards | Virual prepaid card with FX savings | Not specified |
| App | Mobile-web compatibility | User-friendly platform with mobile-friendly design |
Both options offer robust features. Instarem stands out with its extensive reach, allowing payments to over 160 countries, while TransferGo excels in providing multi-currency accounts with competitive exchange rates. Ultimately, the best choice depends on your business’s specific needs.
Instarem vs TransferGo Business: Pricing
| Instarem | TransferGo Business | |
|---|---|---|
| Account Opening Fee | No fees | No fees |
| Monthly Subscription | No fees | No fees |
| Currency Exchange Fees | Mid-market rate; no fees | From 0.35% |
| Money Transfer Fees | $0 fees for cross-currency payments | Free on major routes, £0.99 for fast-track delivery |
| FX Fees | Mid-market rate; no fees | As low as 0.35% |
Instarem offers competitive services with no subscription fees and transparent pricing, while TransferGo provides free transfers on major routes and low exchange-rate markups starting at 0.35%. Consider your transaction volume and preferred funding methods to determine which pricing structure is more cost-effective.
Instarem vs TransferGo Business: Business Cards
| Instarem | TransferGo Business | |
|---|---|---|
| Physical Card | Soon | Information not available |
| Virtual Card | Available for Google pay and Apple pay | Information not available |
| Custom Card | Not available | Information not available |
| ATM Withdrawal | Soon | Information not available |
Both Instarem and TransferGo offer valuable business account features. Instarem provides virtual cards with customised spending controls and enhanced tracking, with physical cards and ATM withdrawal options coming soon. Information about TransferGo’s business card offerings is not readily available.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees and no fees for cross currency payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
