Remitly Detailed ReviewRates, Fees, Limits, Safety and More
About Remitly
Remitly helps people send money internationally from a mobile phone or computer, going beyond the transaction to help immigrant communities thrive.
Remitly is a digital money transfer platform focused on helping immigrant communities around the world send money to loved ones. The company makes the process of sending money internationally faster, easier, more transparent, and less costly, by eliminating the forms, codes, agents, extra time and fees typical of the traditional, century-old money transfer process. The deep savings without brick and mortar operations and transfer agents is passed on to customers in the way of lower fees and more fair exchange rates, helping their money stretch further for their loved ones who may desperately need it.
Send money online for what matters most
Key features and benefits of using Remitly include:-
- 30 send countries and 170+ receive countries and territories, making up approximately 5000 corridors.
- Choose between 2 great ways to send. Express or Economy Delivery*.
- Express transfers are delivered within hours.
- Economy transfers are delivered in 1-5 business days.
- Senders can pay online by card or bank transfer**.
- Recipients can receive money by bank deposit, cash pick up, mobile money, or home delivery***.
- Customer Service – Phone, Chat & Email
* Sending options depend on country where the sender is based and delivery speed can vary from market to market
** Payment options depend on country where the sender is based
*** Delivery options depend on the recipient's country
Additional Information
Legal and Regulatory Compliance
- Remitly is registered with the US Department of Treasury as a Money Services Business and is licensed in several US states as a money transmitter
- Remitly is registered in England and Wales (registration no. 09896841), regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (reference no. 728639) and registered by the HMRC as a money service business (registration no. XCLM00000164259)
- Remitly is registered with and regulated by the Central Bank of Ireland (company no. 629909) for its European operations
Helpful Links
- RemitFinder's detailed Remitly vs Xoom comparison
Reviews
I used to use Remitly exclusively because it has a really good FX. However, lately it has the worst FX. RemitFinder advertises a high FX rate (today it was advertised at 7.7XXX) but because it was not my first time using Remitly, my rate was 7.56XX - hardly a good rate at all.
Good