Is Remitly safe?

Learn why Remitly is safe to use to send or receive money overseas.

Remitly was founded to make it easier for immigrants to get money home - with lower costs and a simpler processing system. Customers can send payments on over 100 currency routes, with a great range of payout options. Remitly is mission driven, popular, and growing fast. It’s also a safe way to send payments. Read on to learn why.

In this review we will cover

Remitly is Safe

  • Established in 2011
  • Authorized in all States and Washington D.C.
  • Thorough verification processes
  • Password protection
  • ID verification

Remitly rating on Trustpilot: 4.2 / 5.0

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Is Remitly safe?

sending money with low exchange rates is easy and secure using TransferWise

Yes, Remitly is safe to send money with. But this guide will dive into the details about how exactly Remitly keeps customers and their funds safe in just a moment. Let’s start with an overview, and some key facts and figures about Remitly, to help you answer the question: is Remitly trustworthy?


Here are some key facts and figures about Remitly:

  • Regulators: Remitly is authorized in all states and Washington, D.C., and regulated by relevant bodies in the countries it operates in
  • Established in: 2011, based in Seattle
  • Customer numbers: 2.6 million in Q3 2023
  • Volume of transfers: Q3 2023; send volume reported at 5.2 billion USD


Remitly is registered by the US Department of Treasury as a Money Services Business, and also holds local licenses in any US state where a license is required, as a money transmitter. Additionally, companies like Remitly need to be licensed and regulated according to local laws in any other country in which they operate. These include the Financial Conduct Authority (FCA) in the UK, FINTRAC in Canada, or AUSTRAC in Australia.

Is Remitly safer than traditional banks?

Remitly is a safe way to send international payments. 

Like banks, services such as Remitly are regulated by both state and Federal law, and must register with the Financial Crimes Enforcement Network (FinCEN) in the US. 

The licensing arrangements do vary by state, but Remitly has the right license in place in every state which requires one. Money Transmitters typically don’t hold customer funds - they arrange the payment and process it as soon as the funds clear. However, if there is ever any cause to hold customer money should be safeguarded, and should be held separately to Remitly’s own funds.

Customer reviews on Trustpilot

Here’s a summary of what customers say about Remitly on Trustpilot:

Checking online customer reviews can be a good way to see whether others have found a payment provider to be trustworthy and efficient. Here’s a summary of what customers say about Remitly on Trustpilot:

ProviderNumber of reviewsScore (out of 5)Rating


Remitly is a well liked provider with plenty of strong reviews listed. Where negative reviews mention security, the issue tends to be that Remitly has taken additional verification steps which have slowed down a payment, or refused to process a transfer as it was not in line with the provider’s terms and conditions. 

While these actions may be frustrating to customers, they are in place to help keep accounts safe - a regular bank may well do exactly the same.

TransferWise Safety - Customer service when sending money internationally with a TransferWise account is great.

1 out of 5 stars feedback:

"Sent payment over 2 weeks ago. Money left our account straight away. We received confirmation that the transaction had been completed but the recipient didn’t receive their money. We had to call every day 2-3 times a day asking what was going on but we were told mixed things. A lot of false promises were made. No one ever called us back. Now they have said they will refund the money but it will take another 10 days. Very annoyed with the poor service."

5 out of 5 stars feedback:

"I've been sending remittance for the last 10 years thru Remitly, and it is super fast, once i click the button send it and take a picture and send immediately to the beneficiary and can claim immediately. More power to you Remitly..."

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Remitly security measures

TransferWise Safety - low exchange rates with multi currency account

Let’s take a look at the steps Remitly takes to keep customers and their money safe:

  • Thorough verification processes - when you open an account, send large payments, or in the case of any irregular transactions
  • Manual and automated procedures to spot suspicious activities
  • Secure servers to hold customer data
  • Password protection on all accounts

Remitly also uses sending limits which cap the amount you can send in a 24 hour, 30 day or 180 day window. You can increase your sending limit by providing additional verification documents to Remitly. 

This process means you can usually get started pretty quickly if you want to make a relatively small payment, and then get more fully verified later. It also means it’s not possible for a criminal to get into your account and make a large payment without being asked to provide their credentials.

Trust and Credibility

Remitly has a ten year history, and is a global business which has a large and growing customer base. Because Remitly is regulated in the US and in all the other countries in which it operates, it must comply with a range of laws to keep customer money and personal data safe. 

Generally, as long as you use Remitly in line with their user agreement - sending money to family and friends only, for example - it’s a very safe service to use.

Is Remitly safe for large amounts?

Sending a high value payment can be daunting. Remitly’s payment limits vary according to the destination country and your account tier - but where it’s allowed, Remitly is a safe way to send even large amounts. 

Before you make a high value transfer, check your Remitly send limits. If you can’t process your payment right now you might have to complete additional verification steps to reset your limits. 

It’s also worth double checking you have everything you need to safely process your payment - usually this will be your recipient’s full name as shown on their ID for cash payments, or their full bank details for transfers to a bank account. You may also want to ask your own bank or credit card provider what limits apply, to make sure you’ll be able to transfer a high value sum when you need to.

TransferWise Safety - low exchange rate for bank transfers

As a general rule, it's always best to know and trust the person you're sending money to and double check the recipient's details before completing the transaction. 

Is Remitly safe to transfer money?

Best International Money Transfer Services

Remitly is a safe way to transfer money to friends and family around the world. 

You can send money for a range of different payout methods including transfers for cash collection and home delivery. To make sure your money is extra safe, double check all the recipient details are correctly entered when you set up your payment - including using your recipient’s full name as shown in their government issued ID.

Is Remitly safe to keep money with?

In most cases, Remitly won’t hold your money. Once your funds are received, they’re passed on immediately to the recipient. That’s why some transfers for cash collection can be ready in just a few minutes. 

If there is any reason to hold customer funds - pending security checks or verification processes for example - your money should be stored safely, separately from Remitly’s own funds.

Ready to go?

Is your personal data safe on Remitly?

To comply with US law, and the laws which apply in your destination country when sending a payment, Remitly must ask for and retain some personal data. 

Remitly will also gather data to be able to process transactions and resolve issues, and for marketing purposes. Here’s a rundown of the reasons Remitly may need to access your personal data:

  • To collect and process payments
  • To verify your identity and comply with relevant laws and regulations
  • To improve the services offered and troubleshoot problems
  • To detect and prevent fraud and scams
  • To market services to you

Remitly is legally obliged to keep your personal data safe. Some data has to be collected due to legislation - so you can’t opt out of this and still use Remitly’s services. However, you may be able to manage and remove some other data, like information used for marketing - log into your account to update your preferences, or email if you need any support.

What personal data does Remitly collect?

TransferWise Safety - low exchange rates with multi currency account

Remitly collects personal data for reasons mentioned above. In some cases, data must be held for a fixed period of time under law, or for practical reasons to process your transactions safely. Data which has to be retained by law may be kept for 6 - 10 years. Here is the type of data Remitly may collect about you:

  • Personal information like name, address, e-mail address, telephone number, date of birth and SSN
  • Financial information like your bank and credit card details
  • Third party information Remity gets from outside sources like credit checking and identity verification agencies
  • Third party information about people you send money to, like their name and contact details
  • Business related information about your account
  • Information accessed indirectly like your IP address and other sites you may visit


Can you get scammed on Remitly?

Unfortunately resourceful criminals will always find new ways to extract money from victims. It is possible to get scammed on Remitly - as it is with any bank or other financial platform.

Staying safe when sending money is largely about taking small but sensible steps: 

  1. Being aware of common scams and frauds
  2. Understanding and avoiding phishing and spoof emails
  3. Never sending money to anyone you don’t know will go a long way. 

Sites for cash collection can be especially vulnerable to scammers and fraudsters, as cash payments can be arranged so quickly and once collected are usually impossible to get back. 

Stick within Remitly’s recommended usage, to send money only to friends and family you know well, and don’t ever feel pressured into making a payment you’re unsure about.

Can I avoid falling victim to fraud?

There are a few simple precautions you can take to prevent yourself from falling victim to fraud, and some of them are:

  • You shouldn't make a payment to someone you don’t know or someone whose identity you can’t verify
  • You shouldn't send money because you’re offered more in return - for example, to release lottery winnings or get paid an inheritance

If you think you have been a victim of fraud when using Remitly services, you can contact them by telephone:

  • Within the US: 1-888-736-4859
  • Outside the US: (206) 535-6152

Additionally, in less urgent situations you can contact Remitly by email:

Report phishing emails by forwarding them to

How to get started on Remitly?

You can set up an account with Remitly online or in the Remitly app:

  1. Download the Remitly app or open the desktop site
  2. Click Join Now
  3. Enter the country you’re sending to, your name and email, and create a strong password
  4. Follow the onscreen prompts to add the rest of your required details
  5. You may need to complete a verification step depending on the type of account and payment you want to make

If you’re asked to verify your account you may need to upload documents to show your identity or address. This can happen when you first create your account, based on the type of transfers you’re making, or because Remitly is concerned about fraudulent activity on your account and needs to keep you safe. 

If you need to verify your identity, documents you can use include[9]:

  • Passport or Green Card
  • US Military ID or other official state issued ID card
  • Drivers license

To verify your address you may pick:

  • A utility bill in your name
  • A pay stub
  • A lease agreement
  • A bank, credit card or mortgage agreement

If you have any problems providing the documents required, get in touch with Remitly customer service directly for help.

Ready to go?

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By Ileana Ionescu Updated December 17th, 2021