Direct funding in EUR and GBP is now available for Singapore businesses
This article covers:
Until recently, funding an international payment in EUR or GBP still meant converting to SGD or USD first, an extra step that added cost and slowed things down every single time.
That step is gone. You can now fund transactions directly in EUR and GBP, pay out faster, and keep more of your money.
What actually changed
The Instarem business account has always supported multiple currencies. What’s new is what you can do with them. You can now fund transactions directly in EUR and GBP — no conversion to SGD or USD needed before your payment goes through.
Here’s the before and after:
| Before | Now |
| Hold EUR or GBP balance in your Instarem business account | Hold EUR or GBP balance in your Instarem business account |
| ↓ Convert to SGD or USD | ↓ |
| ↓ Fund and make payout | Fund and make payout directly ✓ |
What you save on
- FX conversion costs: Every time you converted EUR or GBP to SGD or USD before a payout, you were paying an FX spread you didn’t need to. That cost is now gone.
- Time: Fewer steps mean fewer delays. If you’re moving money on a deadline, removing that conversion touchpoint makes a real difference.
- Rate slippage: Every conversion is a moment of rate exposure. Skip the conversion, skip the risk.
Who this is most useful for
This update matters most if your business regularly:
- Funds international payments in EUR or GBP
- Makes cross-currency payouts — EUR or GBP to JPY, INR, USD, or other currencies
- Processes high transaction volumes where per-transaction conversion costs add up
- Needs payments done quickly, without extra processing steps in the way
If you’ve been converting to SGD or USD before every payout, this directly removes that cost from your workflow.
How to use it
No setup needed. If you’re already on Instarem, the feature is live right now. Just select EUR or GBP as your funding currency when making a transaction — that’s it.
New to Instarem? Sign up for a business account and start funding international payments directly in EUR and GBP.
