Why pick MoneyGram instead?
- Offers a wider range of currencies and countries
- Cash accepted at MoneyGram affiliates
- Offers minimum transfers as low as $1
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.
Another reason to look for alternatives is that Remitly isn’t available in New Zealand, although the company has said it plans to expand its services to New Zealand soon.
Compare other sites like Remitly to see if there’s a better option available for your transfer.
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.
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 no fees.
WorldFirst offers no fees and competitive rates and unlike some other digital money services, it can still do same-day transfers to some currencies.
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 $250 minimum transfer size is larger than some, but still much more accessible than many other providers.
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.
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 flat fee of a few dollars.
InstaReM also offers mid-market rates on its money transfers and charges simple, clear fees instead. However, it has a limited range of currencies and offers bank-to-bank transfers only – and it’s not available for New Zealand customers.
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.
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.
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