Remitly vs Ria

Both Remitly and Ria specialise in small remittances, but which one will get you a better deal?

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Which international money transfer service offers the lowest fees, highest exchange rates and fastest transfers? We put Remitly and Ria to the test to help you decide which provider is right for you.

The fees and rates used in this comparison are accurate as of 6 March 2019.

Which has lower fees?


Fees can vary anywhere from $0 to $99.99. It all depends on the currency, country, how much you’re transferring and if you want an “economy” or “express” transfer. An express transfer is much faster, but the fee tends to climb up the more you send. Slower economy transfers generally range from $2 to $4 fees.


Similar to Remitly, fees change currency to currency, but they also depend on the payment method. Credit card payments have higher fees, while direct bank payments have the lowest fees. Fees often start from around $2 to $45, however, if you send $500 or more from your bank account, you won’t pay any fees at all.

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Winner: Tie

Both providers offer different fees depending on a number of variables. While Ria’s fees are often lower than Remitly’s, Ria doesn’t let you transfer more than $3,000/day ($8,000/month) online. On the other hand, Remitly’s higher fees often apply to higher transfer amounts – you’re allowed to transfer up to $18,000, but can send up to $60,000 by providing additional documentation and identification.

Let’s crunch the numbers: Sending $1,000 to Philippines and Mexico

Let’s do an international money transfer to put the two providers to the test. We’ll test 2 currencies, to see what the differences are.

We’ll use the express option for the Remitly transfer. We’ll also assume that payment is by debit and that the money is going straight to the recipient’s bank account.

Sending $1,000 to the Philippines
Remitly Ria
Transfer fee $6.99 $20
Exchange rate 1 CAD = 38.56 PHP 1 CAD = 38.95 PHP
Transfer speed Same day Up to 4 days
Total Philippine pesos received PHP39,510.47 PHP38,171.00
Receiver gets PHP1,339.47 more PHP1,339.47 less
Sending $1,000 to Mexico
Remitly Ria
Transfer fee $14.99 $12
Exchange rate 1 CAD = 14.25 MXN 1 CAD = 14.24 MXN
Transfer speed Same day Up to 4 days
Total Mexican pesos received MXN14,036.39 MXN14,069.12
Receiver gets MXN32.73 less MXN32.73 more

Remitly offers the better deal when exchanging Philippine pesos (the receiver gets around PHP 1,300 more, which is roughly $33 CAD). On the other hand, Ria comes out on top when transferring Mexican pesos (the receiver gets around MXN 30 more, which is roughly $2 CAD).

This demonstrates why it’s important to compare providers based on the currency and the whole cost, as it differs from currency to currency.

Which offers better exchange rates?


Remitly adds a margin to its exchange rates, but there isn’t a standard rule. It varies currency to currency.

For example, if you want to send money to Brazil:

  • Mid-market rate: 1 CAD = 2.8716 BRL
  • Remitly’s exchange rate: 1 CAD = 2.8400 BRL

Making it a margin of 1.10%.


Ria also adds a margin to the exchange rate, which can be anywhere from 0.3% and 4%.

For example, if you want to send money to Brazil:

  • Mid-market rate: 1 CAD = 2.8716 BRL
  • Ria’s exchange rate: 1 CAD = 2.8352 BRL

Making it a margin of 1.27%.

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Winner: Tie

Again, both Remitly and Ria have a similar system. They both add a margin to the exchange rates, but it varies depending on the currency. Sometimes Remitly offers a better rate, and sometimes Ria does.

Which is faster?


Remitly offers two transfer options: economy or express. Express gets your transfer there on the same day, often quite quickly, but you pay a higher fee. Economy typically takes 2-5 business days but it’s cheaper.


If you pay by card, Ria transfers are done within minutes. However, it’s more expensive to pay by card. If you do a bank transfer, the cheaper option, it can take up to 4 days.

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Winner: Tie

Both services have faster options that cost more, and both have slower options that take a similar amount of time.

General features

Payment methods Receiving options Max and min Transfer speeds Currencies
Remitly Bank transfer, debit card, credit card Bank account, cash pick-up Minimum: $10

Maximum: $18,000 (limit can be increased to $60,000 if you provide additional documents and information regarding your transfer)

3 – 5 days 30+ currencies
Ria Bank transfer, credit card, debit card, cash Bank account, cash pick-up, door delivery Minimum: $2

Maximum: for online transfers, send up to $3,000 per day up to $8,000 per 30 days (you can send more if you visit an agent location)

1 – 2 days 95+ currencies


To use Remitly, you sign up for a free account on its website or app. Once you’ve signed up, you just enter the amount you want to send, your recipient’s details and your payment information. Remitly then sends the converted money where it needs to go.


Fill out the details of the receiver, add your payment info, select how you would like the recipient to get the money, and then hit send. Ria will convert and transfer the money.

Bottom line

Remitly and Ria are very similar services and are structured the same way, charging varied fees and a margin on the exchange rate. Remitly often beats out Ria slightly but it depends on the currency.

They also both offer speedier transfers for a higher cost and have regular transfers as well. The only key difference being that Ria has a smaller transfer limit but offers more currencies. The currencies Remitly offers are more exotic.

Looking for more options?

If Remitly or Ria don’t seem like the right providers for you, you can compare other services below using our calculator to ensure you make the best decision.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 150 1 day CAD 15.00 0.758 USD
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
CAD 0 Within an hour CAD 3.99 0.762 USD
Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
CAD 50 1 - 2 days CAD 7.50 0.765 USD
Quick and simple international money transfers with zero-margin exchange rates. Earn loyalty points on sign up, referral and every transaction. Go to site Show details
CAD 0 1 day CAD 0.00 0.758 USD
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details

Compare up to 4 providers

The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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