Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Remitly vs. Ria

Both specialize in small remittances, but which one will get you a better deal?

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 April 22, 2019.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Ria
Within an hour
From $1.00

View details
Ria lets you send money to 130+ countries with cash pick-up at 240,000 locations.
loading

Compare up to 4 providers

Which has lower fees?

Remitly

Fees can vary anywhere from $0 to $99.99, depending on the currency, country, how much you’re transferring and how you’re sending it.

In most cases, you’ll pay $3.99 for transfers under $1,000. For transfers over $1,000, there’s usually no fee. But sending to certain countries can cost significantly more, and you’ll generally pay a 3% fee if you use a credit card.

Ria

Similar to Remitly, fees change from currency to currency and also depend on the payment method. Credit card payments have higher fees, while direct bank payments have the lowest fees. The fees start from around $0 to $45.

Trophy icon
Winner: Tie

Both providers offer such different fees depending on multiple variables. While the fees offered by Ria don’t go as high as the Remitly fees, Ria doesn’t let you transfer more than $2,999. Remitly allows you to transfer up to $20,000 and the higher fees are often for higher transfer amounts.

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 two currencies, to see what the differences are.

Sending $1,000 to the Philippines
RemitlyRia
Transfer fee$5$0
Exchange rate1 USD = 51.426 PHP1 USD = 50.906 PHP
Transfer speed3–5 days3–5 days
Total Philippine pesos receivedPHP51,168.87PHP50,906
Receiver getsPHP262.97 morePHP262.87 less
Sending $500 to India
RemitlyRia
Transfer fee$5$0
Exchange rate1 USD = 69.001 INR1 USD = 68.304 INR
Transfer speed3–5 days3–5 days
Total Mexican pesos receivedINR34,155.50INR₹34,152
Receiver getsINR₹3.50 moreINR₹3.50 less

Remitly offers a noticeably better deal when exchanging Philippine pesos, though the two are nearly identical when sending a smaller amount to India. To get the best deal, you’ll need to check the specific fees and exchange rates associated with your transfer.

Which offers better exchange rates?

Remitly

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 Honduras:

  • Mid-market rate: 1 USD = 24.440 HNL
  • Remitly’s exchange rate: 1 USD = 24.192 HNL

Making it a margin of 1.0%.

Ria

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 USD = 24.440 HNL
  • Ria’s exchange rate: 1 USD = 23.947 HNL

Making it a margin of 2.1%.

Trophy icon
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, sometimes Ria does.

Which is faster?

Remitly

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 three to five business days but it’s cheaper.

Ria

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 five days.

Trophy icon
Winner: Tie

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

General features

Payment methodsReceiving optionsMax and minTransfer speedsCurrencies
RemitlyBank transfer, debit card, credit cardBank account, cash pickupMinimum: $10

Maximum: $20,000

3–5 days

Faster transfers available for a higher fee

30+ currencies
RiaBank transfer, credit card, debit card, cashBank account, cash pickup, door deliveryMinimum: $1

Maximum: $2,999

3–5 days

Faster transfers available for a higher fee

95+ currencies

Remitly

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.

Ria

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.

To get the best deal, compare other transfer providers against Remitly and Ria to find the one that fits your needs.

Looking for more options?

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Instarem
Within an hour
$1

View details
Use code HAPPY22 to get USD 22 off your first transfer. Valid for transfers over USD 250 and till 31 January 2022. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within an hour
From $1.99

View details
Use code Take10USD to get $10 off when you spend $20. Valid till 31 January 2022. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
MoneyGram
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
OFX International Money Transfers (Business)
24 hours
$0

View details
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0

View details
Increase business efficiency with zero transaction fees and same-day transfers.
Western Union
Within an hour
From $0

View details
Western Union sends money online to friends and family in 200+ countries around the world.
loading

Compare up to 4 providers

More guides on Finder

  • NetSuite vs. QuickBooks: Which one wins?

    A nitty gritty breakdown of features, fees and customer feedback for these two software providers.

  • Nexo review: Is it safe for high interest returns?

    Nexo is a cryptocurrency lending and borrowing platform that offers high interest rates on cryptocurrencies, stablecoins and fiat. We review the features available and look at how safe your funds would be on the platform.

  • How to buy Bitcoin (BTC) in the US

    Want to buy bitcoin but don’t know where to start? This comprehensive guide provides step-by-step instructions on how and where to buy BTC in the US.

  • Coinbase vs Robinhood

    Discover which exchange is better suited to cryptocurrency trading after comparing things like fees, security and features.

  • Gemini vs Coinbase

    We compare these two large cryptocurrency exchanges to see how their fees, features and customer support stack up.

  • Coinbase vs Coinbase Pro

    We compare Coinbase and Coinbase Pro side-by-side so you can see the differences in fees, features, supported cryptocurrencies and more.

  • How to move to Canada

    Explore the options and programs that Canada has in place to help you move to Canada. 

  • Usend review

    Usend combines money transfers, bill pay and mobile phone reloading.

  • Paysend review

    Paysend offers transfers to more than 70 countries through its app and online service.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site