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Remitly

in Money Transfer Services from Remitly

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Remitly

Claimed

in Money Transfer Services from Remitly

SuperMoney Net Recommendation Score -29

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -29, equating to 2.4 on a 5 point rating scale.

-29

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly not recommended

15 users recommend
0 users are unsure
27 users don't recommend
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Highlights
Community Rating Mostly not recommended
Minimum Transfer $10
Transfer Speed (days) 1 day
Processing Fee Range ($) $0 - $3.99
Processing Commission 0%
Number of Reviews 42

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 FAQ

What money transfer methods does Remitly support?

Remitly allows you to send money to the following destinations:

  • Bank accounts.
  • Personal transfers without the need of a bank account

How long does it take for the money to arrive with Remitly?

Typically, money will take 1 day to arrive. However, this may vary depending on the amount, currency, and destination.

How much money can you send with Remitly?

Remitly does not have a minimum transfer amount.

There is no set maximum transfer amount. But you will need to check with Remitly and provide additional information if you are making large transactions.

What fees and commissions does Remitly charge?

  • Remitly does not charge a flat processing fee.
  • 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 $30 for the service.
Remitly Fees
Description
Processing Fee Range ($) $0 - $3.99
Foreign Currency Transaction Fee 3%
Processing Commission 0%

How much does it cost to send $1,000 to Mexico with Remitly?

Remitly does not charge a fee to send money to Mexico. 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.

How much does it cost to send $1,000 to India with Remitly?

Remitly does not charge a fee to send money to India. 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.

How much does it cost to send $1,000 to Philippines with Remitly?

It can cost up to $3.99 to send $1,000 to Philippines. However, prices can change depending on the international money transfer and payment methods.

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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

We’re inspired by the sacrifice and courage of our customers. We’re here to help the millions of immigrants around the world who make the huge sacrifice of leaving their families behind to live and work in another country. These unsung heroes deliver on their promises to take care of those they love and provide them with upward mobility, improving their quality of life. We work hard to help their hard-earned money stretch farther so more makes it to their loved ones safely.

We make international money transfers easier than ever. Choose how and when you send, with great exchange rates and low fees. Remitly is optimized for your mobile device, so you have access to each feature wherever you happen to be, whenever you happen to need them.

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.

Contact

Hours of Operation

  • Sunday All Day
  • Monday All Day
  • Tuesday All Day
  • Wednesday All Day
  • Thursday All Day
  • Friday All Day
  • Saturday All Day

About Remitly

Feature Breakdown

Processing Commission 0%
Processing Fee Range ($) $0 - $3.99
Foreign Currency Transaction Fee 3%
Maximum Amount to Transfer $2,999
Mobile Transfer
Payment Options
  • Credit/Debit Card
  • Bank Transfer
Transfer Speed 1 day
Transfer Methods
  • Personal
  • Bank

Remitly Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -29, equating to 2.4 on a 5 point rating scale.

-29

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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