Transfer Money
with Remitly

Learn why Remitly is a trusted option to send money overseas, especially to Brazil, Colombia, Argentina, China, India or Africa.

Remitly Review 2020

If you're planning to send a lot of small amounts of money home to South America, Asia or Africa, then Remitly is a great option.

It offers cash pick up (with no minimum amount) from over 100,000 Remitly agent locations including banks, supermarkets and pharmacies globally.

Money can be transferred directly to mobile phones, bank accounts or home, in a safe, reliable and quick way.

In this Remitly review we will explain:

Remitly is good for

Remitly rating: 4.5 / 5.0

Learn more

Money transfers can be sent from these countries:

Europe
  • Austria
  • France
  • Netherlands
  • Belgium
  • Germany
  • Norway
  • Denmark
  • Ireland
  • Spain
  • Finland
  • Italy
  • Sweden
North America, Oceania & the UK
  • United States
  • Canada
  • Australia
  • United Kingdom

Money transfers can be received in these countries:

Americas
  • Argentina
  • Guatemala
  • Bolivia
  • Haiti
  • Brazil
  • Honduras
  • Chile
  • Jamaica
  • Colombia
  • Mexico
  • Costa Rica
  • Nicaragua
  • Dominican Republic
  • Panama
  • Ecuador
  • Paraguay
  • El Salvador
  • Peru
  • Uruguay
Europe
  • Bulgaria
  • Croatia
  • Czech Republic
  • Hungary
  • Poland
  • Romania
  • Russia
  • Turkey
Africa
  • Egypt
  • Ethiopia
  • Ghana
  • Kenya
  • Marocco
  • Nigeria
  • Rwanda
  • Senegal
  • South Africa
  • Tanzania
  • Tunisia
  • Uganda
East Asia
  • China
  • South Korea
  • South Asia
  • Bangladesh
  • India
  • Nepal
  • Pakistan
  • Sri Lanka
Southeast Asia
  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam

Who is Remitly?

Remitly is an international money transfer company founded in Seattle, United States. They transfer money from family and friends in one country and help send it cheaply to family and friends in another country.

It was founded in May 2011 and has been in operation for 9 years. The company is headed by Matt Oppenheimer who spent time in Kenya and saw how difficult and costly it was to send money back home.

It's backed by many credible investors like Tomorrow Ventures Jeff Bezos (Founder and CEO of Amazon), PayU, Techstars, Stripes, DJF, QED Investors, Trilogy, DN Capital, the International Finance Corporation (IFC), Barclays, Goldman Sachs and Generation Investment Management (A fund co-founded by former vice president Al Gore).

Is Remitly trusted?

4.7 / 5 star rating on Trustpilot

The answer is yes.

Remitly offer a money-bank guarantee, so if you're not completely happy with their service, they will refund you.

They are also backed by credible investors like Tomorrow Ventures Jeff Bezos (Founder and CEO of Amazon) and they use extensive security measures to protect your information and money against fraud.

Remitly Review 2020 - Can Remitly be trusted?

In the US, Remitly is registered with the Money Services Business and with the US Department of Treasury, and is authorized to do business in all 50 states. It's licensed as a money transmitter in Canada and is allowed to operate in all provinces except Quebec. They are also authorized to operate in Europe, Australia and the UK.

Remitly Review 2020 - Is Remitly safe?

How safe are my Remitly login details?

Very safe. Remitly offer extensive security measures through the account verification process including:

  1. Two factor authentication (2FA) feature to make accessing your account more secure
  2. Phone verification sent to your phone when you sign in to Remitly with your password
  3. Internet security - Secure Socket Layer (SSL) with 256-bit encryption, which is the industry standard

In the European Union and the UK, 3D Secure (3DS) is a security feature used on card payments. It helps reduce the risk of someone else using your card without you knowing about it.

How fast is Remitly?

You can make money transfers overseas within minutes when paying with a debit card and selecting the Express option.

Transfers using the Economy option and paying by your bank account will take 3 - 5 business days.

Remitly Review 2020 - How fast is Remitly?

How much does it cost to send money with Remitly?

Economy Service - Offers a longer delivery time frame (3 to 5 business days) at lower transfer fees.

Express Service - Offers a much shorter delivery time frame (minutes) at higher transfer fees.

The amount depends on where you're from and where you're sending money to. Exchange rates are shown once you have selected which country and how much you wish to send.

Remitly often offer new customers or first time users promotional rates and fees and if you are an existing customer, available promotions will appear on the green banner at the top of the page.

Learn more

Remitly is mobile optimized

Remitly is extremely easy to use on your mobile phone as it was designed specially for mobile use. It's mobile friendly for both the person sending the money and the person receiving the money. Their website and mobile app allows you to do the whole process including signing up, providing id, sending money overseas and tracking the delivery.

Remitly will send text message alerts so you can see where your money is during the transfer.

In addition, Remitly provides its services in multiple languages including English, Spanish, Italian, French, German, Polish, Turkish, Romanian and Vietnamese.

 

Which countries can I send US dollars to from the United States?

*Cash pick-up and home delivery only

How to send money with Remitly

  1. Download Remitly app from Apple App store or Google Play store.
  2. Login and create an account. Provide your full name, date of birth, email address, last 4 digits of your SS number or ITIN.
  3. Choose the country and how much currency you want to send. Select Express or Economy speed.
  4. Provide details of where the international money transfer is going including full name, bank account details or mobile phone number or cash up location or home delivery.
  5. Pay Remitly. (link to ways to pay)
  6. They will advise you where your money is and when it arrives via text message.

Remitly limits - how to increase your limit

Like many money transfer service companies Remitly has limits on how much money you can transfer. To increase your limit you need to provide more identification. When you sign up you start on Tier 1.

Tier 1Tier 2Tier 3
24 hours$2,999$6,000$10,000
30 days$10,000$20,000$30,000
180 days$18,000$36,000$60,000
When you increase your limit
this screen will appear:
Remitly Review 2020 - How to change your tier limit

Types of identification that are acceptable:

Examples of forms of identification

Passport or Visa

Driver's License

State ID

Immigration ID or Residence Permit

Matricula Consular

U.S. Military ID

Examples of address documents

Driver's License

State ID

Matricula Consular

Pay Stub

Financial statements

Utility bills

Official piece of mail

Lease agreements

Helpful hints

Make sure your id is valid and not expired
Make sure it shows your full name, your current address and date of birth

Ways to pay for your transfer

Paying for your international payment is simple. Remitly accept:

  • Credit cards and debit cards
  • Bank transfers from bank accounts in USA, Canada and Australia
  • iDEAL using your bank details in the Netherlands
  • SOFORT using your bank details in Austria and Germany
  • Faster Payments using your bank details in the United Kingdom
Remitly Review 2020 - How to pay
Remitly Review 2020 - How to collect money transfer

Ways to receive your money

In addition the person receiving your money transfer can collect them from:

  • Their bank account in their local currency
  • 100,000 cash pick up agents around the globe
  • Have money transferred to their digital mobile wallet on mobile phone
  • Have money delivered to their home address
  • Passbook account

Passbook account

An exciting new option for Remitly's US-based immigrant customers is the Passbook account. It's due for release in 2020.

It's an account that doesn't require a social security number (SSN) that an immigrant living in the United States may find difficult to get.

Remitly has set itself up as a neo bank, a virtual online bank that can provide government (FDIC) guarantees for deposits up to $250,000. It provides an online account that money can be paid into with no account fees and no minimum balance. You also have access to a Visa debit card.

Remitly Customer Care Support

  • 365 days a year
  • Toll-free: (888) 736-4859
  • Live chat support available
  • Email: service@remitly.com
  • Available in English and Spanish

Ready to go?

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