Last Updated: 04/18/2025
SuperMoney User Recommendation Score -19
Mostly not recommended62 total votes
Cast Your Vote
Compare All Money Transfer Services
Filter & compare all your options in one place.
Highlights
Community Rating
Mostly not recommended
Minimum Transfer
$10
Transfer Speed (days)
1
Processing Fee Range ($)
$0 - $3.99
Processing Commission
Starting at 0%
Number of Reviews
Remitly Review
Remitly is a money transfer service company based in Seattle, WA. It was founded in 2012 and offers money transfers to 98 countries.
Remitly does not charge a fee to send money to Mexico. However, remember that money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. Remitly does not charge a fee to send money to India. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. Remitly does not charge a fee to send money to the Philippines. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. Remitly does not charge a fee to send money to China. However, money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction.
Remitly FAQ
What money transfer methods does Remitly support?
Remitly allows you to send money with the following receive options (options vary by receive country):
- Bank accounts.
How much money can you send with Remitly?
Sending limits vary depending on factors such as how the sender is funding the transaction, how the recipient is receiving the money and the destination country or territory. Check the limits that apply to a particular transfer on Remitly's website.What fees and commissions does Remitly charge?
- Remitly charges a processing fee that starts at $0 and goes up to $3.99, but may vary depending, among other things, on the country, amount, and the payment method.
- There isn't a processing commission fee.
- If you transfer money to a different currency, Remitly will charge a 3% fee. To illustrate, if you want to send $1,000 and convert it into euros, you will have to pay a $30 for the service.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Processing Commission | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Processing Fee Range ($) | 0 - 3.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Remitly
Message from our editor
What we love about Remitly money transfers
Remitly Money Transfers are remittances, which means they allow sending money from those working in a developed country to loved ones in a developing country. This service is less expensive and quicker than most traditional money transfer services. It partners with about 40,000 banks globally to offer direct deposits and cash pickups in various countries.
What could Remitly do better?
The money transfers available through Remitly are specifically tailored for immigrants working in developed countries and their loved ones in developing countries. It might not be the best choice for those who have other reasons to transfer money.
It is also available only in certain countries so not everyone will be able to use the Remitly services. The company does have fees on sending money to others, which vary based on how quickly the money needs to reach the recipient.
Remitly's backstory
Remitly Money Transfer is created for those who work in the United States, Canada, and the United Kingdom. Its original focus was on transferring money between the Philippines and the United States, but the company has expanded its efforts over the years. It now allows customers to send money back to loved ones in Colombia, Ecuador, El Salvador, Guatemala, Honduras, India, Nicaragua, Mexico, Peru, and the Philippines.
The company has also recently launched a service for workers on cruise ships to send money to the Philippines using their smartphones. This has given the company access to $5 in the remittance industry.
The verdict
Remitly offers a unique way to transfer money from one country to another and is specifically designed for immigrants coming from developing countries. It might meet the needs of customers who are in that bracket, but others will want to look at other money transfer options. It’s always a good idea to look at the market to find the best product with the lowest fees.
Many different money transfer services are available, all of which have their own set of advantages and disadvantages. Click here to learn more by reading ratings and reviews about various options for money transfers.
Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day