![]() ![]() How does Remitly compare to other money transfer services? Offering a 100% satisfaction money-back guarantee if your transfer arrives late.Verifying new accounts to protect users from fraud.Monitoring accounts for suspicious activity manually and automatically.Protecting all transactions with 256-bit SSL encryption.Registering with regulatory agencies in the US, Canada, the UK and Ireland.Remitly safeguards your money in a variety of ways, including: Please see the table below for what additional information is required to be approved for the higher tiers: Information neededĪdditional information on source of funds You can speak with a representative to discuss custom sending limits, depending on your needs. ![]() Send up to $6,000 daily, $20,000 monthly and $36,000 every six months. Send up to $2,999 daily, $10,000 monthly and $18,000 every six months. ![]() To progress through Remitly’s tiers to higher maximums, you will need to provide more personal information and an ID: Remitly’s transfer limits are based on the tier you’re approved for. Transfers typically take 1 to 5 days How much money can I send with Remitly? You can send money quickly from your computer or the Remitly app by completing the following steps. How to send a money transfer with Remitly There is also the option to have funds delivered to a mobile wallet, such as GCash and PayMaya in the Philippines, HellowCash in Ethiopia and other similar options. Just be sure that your recipient brings ID that matches the name on the transfer. You can opt for the funds to be delivered to a cash pickup location. Funds will be sent directly to your recipient’s bank account. Remitly offers a wide range of delivery options that are dependent on your sending destination. What are the ways I can send money abroad with Remitly? Even if you aren’t considering using Remitly consistently over time, you could potentially save yourself some money by taking advantage of its new customer promotion to make a one-off transfer. This is typically a stronger exchange rate and lower fees for a portion of your first transfer. You can then use this as a benchmark for comparing the rates of other money transfer providers.Ĭheck if there are any Remitly promo codes available New customers at RemitlyĮvery new customer gets a special offer on their first transfer with Remitly. It’s best to compare the displayed rate on Remitly with the current interbank rate to calculate the size of the margin charged. Remitly updates its exchange rates daily to align with exchange rates on global markets, loving in the exchange rate you see at the beginning of your transactions.įor some countries, you’ll find weaker exchange rates than those of competitors. For example, here are the fees charged by Remitly while sending from the US to the Philippines when we checked on February 15, 2022.Įxpress: $3.99 when sending less than $500Ĭompare money transfer fees now How are Remitly’s exchange rates? Remitly’s fees can vary based on the country you send from and to. Sending money from the US to the Philippines Remitly offers two transfer speeds: Express and Economy. Paying with a bank account is usually cheapest. Sending money to popular destinations is often cheaper than sending it to more remote locations. The amount you send may change the fee you are charged. Remitly’s fees and exchange rates vary based on sending destination but typically depend on the following: Different countries are charged different exchange rate margins, and the speed of your transfer also factors into the exchange rate you’ll be offered. Remitly doesn’t have recurring transfers, limit orders or any other hedging tools to help you save money by planning your money transfer in advance. A limit of $2,999 is placed on all new accounts, and you’ll need to provide ID to increase daily, monthly and 180-day sending limits. All international money transfer services. ![]()
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