Remitly Money Transfer Review: A Comprehensive Guide for 2025

Sending money internationally can feel daunting. Is it secure? Are the fees reasonable? Remitly, a trusted online money transfer service, offers a convenient way to send money from countries like the US, Canada, and the UK to over 40 destinations worldwide. This guide will walk you through everything you need to know about using Remitly in 2025.

Payment Methods Available with Remitly

When you use Remitly, you can fund your transfers through:

Bank Transfers
Credit Cards
Debit Cards

Recipient Options

Recipients can receive money via:

Bank Deposits: Transfer funds directly to a bank account.
Digital Wallets: Ideal for recipients in regions with limited bank access.
Cash Pickups: Available at over 140,000 partner locations globally.

Sending Limits

Remitly’s sending limits depend on verification tiers:

Tier 1: Up to $999 daily, $2,999 weekly, $10,000 monthly.
Tier 2: Up to $6,000 daily, $20,000 monthly.
Tier 3: Up to $9,999 daily, $30,000 monthly.

To increase limits, provide additional documentation such as proof of funds and reasons for the transfer.

How Much Can I Transfer with Remitly?

Your ability to transfer higher amounts depends on passing verification tiers. These tiers determine daily, weekly, and monthly limits and require specific documents:

Tier 1:
- Daily: $999
- Weekly: $2,999
- Monthly: $10,000
- Six months: $18,000
Tier 2:
- Daily: $6,000
- Monthly: $20,000
- Six months: $36,000
Tier 3:
- Daily: $9,999
- Monthly: $30,000
- Six months: $60,000

Verification steps involve uploading documents and sharing the purpose of your transfer.

How Long Does a Transfer with Remitly Take?

Remitly offers two speed options for money transfers:

Express:
- Delivery time: Within 4 banking hours.
- Best for urgent transfers but incurs higher fees.
Economy:
- Delivery time: 3-5 business days.
- Lower fees and suitable for non-urgent transfers.

Remitly Transfer Fees

Fees depend on several factors:

Amount sent: Higher transfers may reduce fees.
Destination: Fees vary by country.
Payment method: Credit card payments incur additional charges.
Currency: Fees may apply when converting to specific currencies.
Transfer type: Economy is cheaper, while Express costs more.

Example Fees (Canada to the Philippines):

Economy: $2.99 for transfers under $500; free for $500+.
Express: $6.99 flat fee for all amounts.

Additional charges may apply for currency conversions or credit card usage.

Exchange Rates

Remitly’s exchange rates are competitive, usually 0.5%-2% worse than market rates. These rates are locked in at the time of transfer, protecting users from fluctuations. While they may not always be the lowest, they are transparent and reliable.

Pros and Cons of Using Remitly

Pros

Ease of Use: Intuitive mobile and web apps.
Wide Payout Options: Bank deposits, mobile wallets, cash pickups.
Secure Transfers: Strong encryption and fraud prevention.
Rate Locks: Fixed exchange rates during transfers.
Refunds: Guaranteed satisfaction or fee refunds.
24/7 Support: Available via phone, email, and chat.

Cons

Higher fees for Express transfers.
Exchange rates can be less favorable than some competitors.
Limited transfer options in specific regions.
Verification requirements for higher limits.

Reviews on Other Money Transfer Providers

IRemit, Asenso, and Currencyfair

Offer competitive exchange rates but limited global reach.

Traditional Providers (Western Union, MoneyGram)

Convenient physical locations but high fees.

Online Competitors (TransferWise, WorldRemit, Remitbee)

Lower fees but fewer payout options compared to Remitly.

How Remitly Makes Money

Remitly earns through:

Transfer fees (varying by amount, destination, and speed).
Exchange rate margins (0.5%-2% worse than market rates).
Credit card payment fees.

Platforms Where Remitly Is Available

Remitly can be accessed via:

Desktop: Web-based platform.
Mobile Devices: iOS and Android apps with high user ratings.

These platforms are praised for their simplicity and user-friendliness.

Is Remitly Secure?

Remitly is a licensed, secure, and trustworthy provider:

Registered Money Services Business with the US Department of the Treasury.
Licensed in the UK, Canada, and other countries.
Uses 256-bit SSL encryption and manual/automated fraud detection.

Countries Supported by Remitly

Sending From:

Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden, UK, USA.

Sending To:

Over 40 countries, including India, the Philippines, Brazil, and South Africa.

Remitly Customer Reviews

Remitly boasts over 20,000 TrustPilot reviews, with 85% rated 5 stars. Positive feedback highlights its speed, ease of use, and customer service. Negative reviews often mention fees and account verification delays.

Frequently Asked Questions

Can I avoid paying Remitly’s fees?

Yes, opt for Economy transfers for amounts over $500 or use promotional offers.

How do I cancel a transaction?

How do I increase my sending limit?

Submit verification documents, including ID and proof of funds.

Is Remitly legit?

Yes, Remitly is licensed, secure, and trusted by millions worldwide.

How fast is Remitly?

Express transfers are instant, while Economy takes 3-5 days.

Alternatives to Remitly

Banks

Secure but expensive and slower.

Traditional Money Transfer Services

Accessible but with high fees.

Online Competitors

Offer lower fees but limited options compared to Remitly’s network.

How to Contact Remitly

Email: service@remitly.com
Phone: (888) 736-4859
Chat: Available on the website.

Support is available 24/7.

Conclusion

Remitly’s easy-to-use platform, extensive payout options, and secure transactions make it a reliable choice for international money transfers in 2025. Whether you’re sending money for family support or emergencies, Remitly offers a trusted solution.

Visit Remitly’s official website to start your transfer today!

Send Money With Remitly