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$10
Min. Transfer Amount
$20,000
Max. Transfer Amount
Within an hour
Transfer Speed
Product Name | Remitly International Money Transfers |
---|---|
Min. Transfer Amount | $10 |
Max. Transfer Amount | $20,000 |
Transfer Methods | Online, Bank Account to Bank Account, Cash Transfer |
Transfer Speed Minimum transfer time | Within an hour |
Customer Service | Phone, Chat, Email |
Available Currencies | ALL, AMD, ARS, AZN, BAM, BDT, BGN, BIF, BOB, BRL, BSD, BYN, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, EUR, FJD, GEL, GHS, GMD, GNF, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KZT, LKR, LRD, MAD, MDL, MGA, MKD, MMK, MWK, MXN, MYR, NIO, NPR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RSD, RUB, RWF, SLL, SRD, SVC, THB, TJS, TND, TRY, TZS, UAH, UGX, USD, UYU, UZS, VND, XAF, XOF, ZAR, ZMW |
Online Transfer Fee | USD 1.99 |
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Remitly’s fees and exchange rates vary based on sending destination but typically depend on the following:
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 September 29, 2020.
Remitly updates its exchange rates daily to align with exchange rates on global markets, locking in the exchange rate you see at the beginning of your transaction.
For some countries, you’ll find weaker exchange rates than those of competitors. When we checked on September 29, 2020, the following were the exchange rates for popular currencies offered by Remitly:
Mid-market | Remitly | Difference | |
---|---|---|---|
INR | 73.43 | 73.14 | 0.29% |
PHP | 48.49 | 49.50 | 1.01% |
MXN | 22.31 | 22.75 | 0.44% |
Every new customer gets a special offer on their first transfer with Remitly, which typically offers you stronger exchange rates and lower fees for a portion of your first transfer. Even if you aren’t considering using Remitly consistently over time, taking advantage of its new customer promotions can be an easy way to potentially save money on a one-off transfer in its network.
Check if there are any Remitly promo codes available
Transfer speed will depend on the amount of fees you are comfortable paying and how quickly you need it to arrive.
Remitly transfers can be received in more than 50 countries, while users in over 15 countries can send transfers. You can check out the full list here, but the following are some of the most popular:
Remitly safeguards your money in a variety of ways:
Ratings accurate as of October 8, 2020
Trustpilot score | 4.5 out of 5, based on 29,587 customer reviews |
CompareRemit | 3.4 out of 5, based on 484 customer reviews |
BBB rating | B |
Finder | 2.5 out of 5, staff reviewed |
Monito | 7.7 out of 10, staff reviewed |
NerdWallet | 4 out of 5, staff reviewed |
You can only make one-off transfers with Remitly. This provider supports international money transfers made from your laptop or mobile device. Money can be deposited to a bank account, delivered to a mobile wallet – like Google wallet – or made available for cash pickup.
You can pay for your Remitly transfer using the following methods:
Remitly’s transfer limits are based on the tier you’re approved for. To progress through Remitly’s tiers to higher maximums, you need to provide more personal information and an ID:
Sending money with Remitly will require the following documentation and information:
Information needed | Tier 1 | Tier 2 | Tier 3 |
---|---|---|---|
Full name | X | X | X |
Residential address | X | X | X |
Date of birth | X | X | X |
Last 4 digits of SSN | X | X | X |
Full SSN | X | X | |
Government-issued photo ID | X | X | |
Additional information on source of funds | X | X | |
Additional information at request | X |
Remitly offers a wide range of delivery options that are dependent on your sending destination. Remitly’s delivery methods include:
Send money quickly from your computer or mobile device with these steps:
Signing up with Remitly was straightforward and took me less than five minutes total. I had all of my information on hand and ready to go before signing up, including a photo of the front and back of my driver’s license. Here are some key takeaways:
To track your Remitly transfer you’ll need to log into your account or contact customer service by phone.
Yes, Remitly has an app on both Google Play and the App Store. The app makes it possible to do the following:
Reviews accurate as of September 29, 2020 | |
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Google Play Store | 4.7 out of 5, based on 54,904 customer reviews |
Apple App Store | 4.8 out of 5, 299,469 customer reviews |
More on the best money transfer apps
If the country you want to send to is supported, Remitly is worth checking out. With its two-speed system, it makes the choice of speed versus fees a straightforward one. However, it is always a great idea to compare your options before making any transfer since you never know how much fees and exchange rates have changed.
Our table below shows you the exchange rate and fees for other money transfer specialists.
Remitly may have cancelled your transaction for a variety of reasons, including:
Contact Remitly support to find out the next steps needed to complete your transaction.
Remitly and Xoom excel for different reasons, but overall we found that Remitly offers lower fees and stronger exchange rates. Read our Remitly vs Xoom comparison to learn more about how these two match up.
Remitly makes money two ways:
Remitly has no retail outlets, which helps keep overall costs lower than competitors like Western Union and MoneyGram.