SuperMoney

Remitly

in Money Transfer Services from Remitly

Claimed Visit Site

Remitly

Claimed

in Money Transfer Services from Remitly

SuperMoney Net Recommendation Score -42%

SUPERMONEY NET RECOMMENDATION SCORE

-42

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

9 users recommend
0 users are unsure
22 users don't recommend
Cast your vote

Would you recommend Remitly to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating Mostly not recommended
Minimum Transfer $10
Processing Fee Range ($) $0 - $3.99
Transfer Speed (days) 1 day
Processing Commission 0%
Number of Reviews 31

Remitly Review

Remitly is a money transfer services company based in Seattle, WA. It was founded in 2012 and offers money transfers to 99 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 transfer to arrive with Remitly?

Typically, money transfers 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 $30 for the service.
Remitly Fees
Description
International Transfer Fee N/A
International Transfer Fee ($) N/A
Premium Processing Fee N/A
Processing Commission Range N/A
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 transfer and payment methods.

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.

Contact

About 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.

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
  • Bank
  • Personal

Remitly Community Reviews

 

Would you recommend Remitly to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

-42

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.

sorted by

Other Money Transfer Services