What it is
Remitly is a digital remittance service for sending money abroad to bank accounts, mobile wallets and cash pick-up, with an economy option that is cheaper and an express option that arrives in minutes.
Who it suits
People sending money to family abroad who want a simple app and reliable delivery options.
Regulation and protection
Licensed money transmitter in the US and authorised payment institution in the UK and EU.
How it charges
A fee that depends on speed and payment method, plus an exchange-rate margin that varies by corridor. Economy transfers funded by bank transfer cost least.
Getting started
Download the app, verify identity, add the recipient and pay by bank transfer, card or debit.
At a glance
- Type
- Consumer remittance
- Delivery
- Bank, wallet, cash pick-up
- Speed
- Minutes to days
- Business use
- No
- Headquarters
- Seattle
- Founded
- 2011
Strengths
- Wide corridor coverage
- Cash pick-up and mobile wallet delivery
- First-transfer promotions
Watch for
- Exchange-rate margin varies by corridor
- Not for business payments
Readers ask2 questions answered
Is Remitly cheaper than a bank?
Usually, especially on smaller amounts, but compare the total cost including the exchange-rate margin.
How fast does money arrive?
Express transfers can arrive within minutes; economy transfers take a few days and cost less.
Run the numbers before you sign up
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