In this guide

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  • Details
    • Features
  • Frequently asked questions
  • Your reviews
  • Ask a question
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Summary

Enjoy quick, easy money transfers with competitive exchange rates and straightforward fees.

  • Good for giving you a choice between speed and fees with its two-speed system.
  • Not so great for large transfers due to its low maximum limits.

Pros

  • Transfer to 50+ countries around the world
  • Express option so your money arrives in minutes
  • Delivery promise where fees are refunded if it doesn't arrive on time

In this guide

  • Review
  • Details
    • Features
  • Frequently asked questions
  • Your reviews
  • Ask a question

Details

Features

Available Currencies ALL, AMD, ARS, AUD, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYN, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRU, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SOS, SRD, THB, TJS, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VND, VUV, WST, XAF, XCD, XOF, ZAR, ZMW, SLE
Customer Service Phone, Live chat
Pay By Credit card, Debit card, Bank transfer
Receiving Options Cash pickup location, Bank account, Mobile wallet, Home delivery

Our Verdict

Remitly is a solid option if you need to send money to one of the 100 countries it operates in and you can choose express delivery if your transfer is urgent. Your recipient also doesn’t need to have a bank account as cash pickups, mobile wallets and home delivery are available in some countries alongside bank transfers. Another big plus to Remitly is its delivery promise – if your transfer doesn’t arrive on time, your fees will be returned.

But there are low maximum limits to how much you can send and there aren’t any forex tools to help your money go further. Remitly’s exchange rates are also inconsistent with the markup varying depending on the country and the delivery speed.

Why should I consider Remitly?

  • Large network. Remitly is an online international money transfer service that allows people in countries like US, Canada, Europe, Australia and the UK to send money to over 100 countries worldwide, with cash pickup possible at certain locations.
  • Delivery promise. Remitly guarantees that your money will be delivered by a specified time or the fees are refunded.
  • Speed. Express options make it possible to have your money there faster, typically within minutes if you pay by credit card.
  • Diverse delivery options. Send money to bank accounts, for cash pickup, directly to a mobile wallet or even for home delivery in selected markets.
  • Rewards. Remitly’s referral program makes it possible to earn rewards by referring friends and family members.

What to be aware of

  • Low maximum limits. A limit of $2,999 is placed on all new accounts, and you’ll need to provide ID to increase daily, monthly and 180-day sending limits.
  • No hedging options. Remitly doesn’t have recurring transfers, limit orders or any other hedging tools to help you save money by planning your money transfer in advance.
  • Inconsistent exchange rate margins. Different countries are charged different exchange rate margins, and the speed of your transfer also factors into the exchange rate you’ll be offered.

How much are Remitly’s transfer fees?

Remitly’s fees and exchange rates vary based on sending destination but typically depend on the following:

  • Amount. The amount you send may change the fee you are charged.
  • Destination. Sending money to popular destinations is often cheaper than sending it to more remote locations.
  • Payment. Paying with a bank account is usually cheapest.
  • Speed. Remitly offers two transfer speeds: Express and Economy.

Sending money from the US to the Philippines

Remitly’s fees can vary based on the country you send from and to. For example, here are the fees charged by Remitly while sending from the US to the Philippines when we checked on February 15, 2022.
Economy: no fee

  • Paid for with a bank account deposit
  • Arrives in three business days

Express: $3.99 when sending less than $500

  • Paid for with a debit card
  • Arrives almost immediately

How are Remitly’s exchange rates?

Remitly updates its exchange rates daily to align with exchange rates on global markets, loving in the exchange rate you see at the beginning of your transactions.

For some countries, you’ll find weaker exchange rates than those of competitors. It’s best to compare the displayed rate on Remitly with the current interbank rate to calculate the size of the margin charged. You can then use this as a benchmark for comparing the rates of other money transfer providers.

Check if there are any Remitly promo codes available

New customers at Remitly

Every new customer gets a special offer on their first transfer with Remitly. This is typically a stronger exchange rate and lower fees for a portion of your first transfer. Even if you aren’t considering using Remitly consistently over time, you could potentially save yourself some money by taking advantage of its new customer promotion to make a one-off transfer.

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What are the ways I can send money abroad with Remitly?

Remitly offers a wide range of delivery options that are dependent on your sending destination. Delivery methods include:

  • Bank deposit. Funds will be sent directly to your recipient’s bank account.
  • Cash pickup. You can opt for the funds to be delivered to a cash pickup location. Just be sure that your recipient brings ID that matches the name on the transfer.
  • Mobile money. There is also the option to have funds delivered to a mobile wallet, such as GCash and PayMaya in the Philippines, HellowCash in Ethiopia and other similar options.

How to send a money transfer with Remitly

You can send money quickly from your computer or the Remitly app by completing the following steps.

What are Remitly’s payment options?

You can only make on-off transfers with Remitly, and you can pay using the following methods:

  • Debit or credit card. If you choose this option, funds can be available in minutes. However, you may find you are charged a 3% fee by your credit card provider if you choose to use your credit card to pay for your transfer.
  • Bank account. Typical transfer speeds with this type of payment option is 3-5 days, but these can also be subject to delays from bank holidays.

How long does an international transfer with Remitly take?

Transfer speeds will depend on the amount of fees you are comfortable paying and how quickly you need it to arrive.
Express – as little as a few minutes
If you pay for your transfer with a credit or debit card and select the Express option, your transfer could arrive in as little as a few minutes. However, you will pay a higher fee and your credit card provider could also charge you a cash advance fee, further increasing the cost of your total transfer.
Economy – Up to five business days
Remitly’s Economy option is the cheaper of the two options. Transfers through Economy will be slower, but you’ll almost always get a better exchange rate and fewer fees than with Express.

Transfers typically takeClock icon for transfer speed

1 to 5 days

How much money can I send with Remitly?

Remitly’s transfer limits are based on the tier you’re approved for. To progress through Remitly’s tiers to higher maximums, you will need to provide more personal information and an ID:

  • Tier 1. Send up to $2,999 daily, $10,000 monthly and $18,000 every six months.
  • Tier 2. Send up to $6,000 daily, $20,000 monthly and $36,000 every six months.
  • Tier 3. Send up to $10,000 daily, $30,000 monthly and $60,000 every six months.
  • Custom tier. You can speak with a representative to discuss custom sending limits, depending on your needs.

Please see the table below for what additional information is required to be approved for the higher tiers:

Information neededTier 1Tier 2Tier 3
Full nameXXX
Residential addressXXX
Date of birthXXX
Last 4 digits of SSNXXX
Full SSNXX
Government-issued photo IDXX
Additional information on source of fundsXX
Additional information at requestX

Is Remitly safe to use?

Remitly safeguards your money in a variety of ways, including:

  • Registering with regulatory agencies in the US, Canada, the UK and Ireland.
  • Protecting all transactions with 256-bit SSL encryption.
  • Monitoring accounts for suspicious activity manually and automatically.
  • Verifying new accounts to protect users from fraud.
  • Offering a 100% satisfaction money-back guarantee if your transfer arrives late.

How does Remitly compare to other money transfer services?

If you want to see how Remitly compares to the exchange rates and fees offered by other money transfer services, enter the details of your transaction into the table below.

1 - 14 of 14
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Airwallex
Airwallex
Within minutes
$0
After spending $15k in your first 90 days, receive a one-time $500 bonus that will automatically be credited to your account on any FX conversion.
Airwallex can help you make business payments to 150+ countries in 60+ currencies.
Wise (TransferWise)
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Cash App
Within minutes
From $0
With this peer-to-peer payment app make payments to your friends and family with no transfer fees within the US or from the US to the UK or EU.
Instarem
24 hours
From 0%
New Instarem customers will get a special FX rate and zero-fees on their first transfer.
Instarem offers offers rewards on every transaction.
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Western Union
Within minutes
From $0
Enjoy $0 fee on your first online transfer. Western Union makes money from currency exchange. Not valid on credit cards or sends to Cuba.
Western Union sends money online to friends and family in 200+ countries and territories around the world.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Xe Money Transfer for Business
24 hours
$0
Save your time and money with Xe Money Transfer for business.
Currencies Direct (business)
24 hours
$0
Minimizes costs of international transactions and offers custom solutions for business clients. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
Xe
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
CurrencyTransfer
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Currencies Direct
24 hours
$0
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
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