RemitlyLogo_Supplied_250x250

Sites like Remitly

Need to send money overseas? Check out some alternatives to Remitly to see if you can get a better deal.

Remitly aims to offer quick and cheap international money transfers, with a focus on remittances throughout Asia. It’s known for low minimums, cash pick-ups in destination countries and quicker express transfers, but isn’t always the cheapest and doesn’t always have the best rates.

Compare other sites like Remitly to see if there’s a better option available for your transfer.


MoneyGram logo Image: Supplied

MoneyGram

MoneyGram has almost the same range of countries and currencies as Western Union but tends to be cheaper, and it has a wider scope than Remitly. Much like Remitly, it’s known for low minimums, cash options and fast transfers.

Why pick MoneyGram instead?

  • Offers a wider range of currencies and countries
  • Cash accepted at MoneyGram affiliates
  • Offers minimum transfers as low as $1

Downsides

  • Higher fees
  • Bigger margins on exchange rates


TorFX logo Image: Supplied

TorFX

TorFX is a digital money transfer service. It’s different to Remitly in that it only allows bank-to-bank transfers, has higher limits and has no fees.

Why pick TorFX instead?

  • No transfer fees
  • Competitive rates
  • Price match competitors’ exchange rates
  • Forex tools such as forward contracts and limit orders

Downsides

  • Bank-to-bank transfers only
  • Can take several days and has no express option
  • Higher minimums mean it doesn’t suit all smaller transfers


WorldFirst Image: Supplied

WorldFirst

WorldFirst offers no fees and competitive rates and unlike some other digital money services, it can still do same-day transfers to some currencies.

Why pick WorldFirst instead?

  • No fees
  • Competitive rates
  • Potential for same-day transfers
  • Wide range of currencies and countries

Downsides

  • Bank account transfers only
  • High $2,000 minimum transfer size


OFX logo Image: Supplied

OFX

OFX is a large and well-known transfer service, focused largely on business transfers. But you can also use it for personal money transfers to take advantage of its competitive rates. Its $150 minimum transfer size is larger than some, but still much more accessible than many other providers.

Why pick OFX instead?

  • No fees on transfers above $10,000
  • Competitive rates
  • Wide range of currencies and countries

Downsides

  • Flat $15 fee on transfers under $10,000
  • Bank transfers only
  • $150 minimum transfer size


XE logo Image: Supplied

XE

XE Money Transfers is focused on offering competitive rates across a wide range of currencies and countries, although there are some gaps in its offerings. Unlike Remitly, it doesn’t charge any fees.

Why pick XE Money Transfers instead?

  • No fees
  • Competitive rates
  • Limit orders and forward contracts

Downsides

  • Bank transfers only
  • Missing some major currencies


TransferWise logo Image: Supplied

TransferWise

TransferWise is one of very few providers to offer money transfers at mid-market rates. Instead of benefiting from foreign exchange margins, its fees consist of a percentage of your transfer, plus a few dollar flat fee.

Why pick TransferWise instead?

  • Mid-market rates
  • Transparent fees
  • Low minimum transfer limit

Downsides

  • Not always more cost-effective than paying a margin on exchange rates
  • Fees can get high for larger transfers, as its a percentage
  • Bank-to-bank transfers only


WorldRemit logo Image: Supplied

WorldRemit

WorldRemit operates in a wide range of countries and currencies, and offers flexible options for receiving money, including sending money directly to a recipient’s phone as mobile airtime.

Why pick WorldRemit instead?

  • Varied delivery options including mobile money, cash pick-up, airtime top-up and cash delivery
  • A wide range of currencies, including all the most popular and plenty of exotic ones
  • Instant transfers available

Downsides

  • Fees and rates can vary widely depending on the situation
  • A maximum transfer amount of $40,000 may rule out large transfers


Western Union logo Image: Supplied

Western Union

Western Union is the world’s oldest and largest money transfer service. Like Remitly, it’s known for low minimums and cash pick-up options and is largely focused on handling remittances.

Why pick Western Union instead?

  • Offers a wider range of currencies
  • Delivers to a wider range of countries
  • Lets you make cash deposits as well as pick-ups
  • Offers minimum transfers as low as $1

Downsides

  • Higher fees
  • Poor rates


Still looking for other options?

Enter your transfer details into the calculator below. It will work out how much your transfer may cost with a range of money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 150 1 day CAD 0.00 0.76 USD
7,600
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 1 day CAD 0.00 0.76 USD
7,600
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
CAD 0 Within an hour CAD 3.99 0.76 USD
7,593
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
GBP 5,000 1 - 2 days CAD 0.00 0.76 USD
7,598
Aimed at larger transfers, CurrencyTransfer is an online marketplace that lets you shop around for the best exchange rate. Go to site Show details
CAD 2,000 1 day CAD 0.00 0.76 USD
7,600
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies.
Go to site Show details
CAD 7,000 1 day CAD 0.00 0.76 USD
7,600
Venstar Exchange offers competitive exchange rates and zero fees on large transfers over US$10,000. 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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