Remitly stands out as a user-friendly solution to make international money transfers easier and more affordable. You can use the Remitly app or log in to their website to send money quickly and securely to your loved ones abroad, using various payment methods including mobile money.
Remitly has an impact on the lives of millions by offering competitive exchange rates and low fees. You'll learn about how Remitly works, its key benefits, and tips to get the most out of this service. Whether you're supporting family members or paying for services overseas, Remitly aims to simplify the process of sending money internationally, giving you peace of mind with its reliable and efficient platform.
Use this link to receive $20 off on your first transfer!
What is Remitly and How Does It Work?
Overview of Remitly
Remitly is an online money transfer service that allows you to send money across borders quickly and securely. You can use Remitly to transfer money to over 150 countries worldwide, including popular destinations like the Philippines, India, Mexico, and numerous African countries.
Step-by-step money transfer process
To use Remitly, you need to follow these steps:
- Create an account: Sign up for free using your email address through the Remitly website or mobile app.
- Enter transfer details: Select the currency, amount you want to send, and delivery speed.
- Choose a delivery method: Options include bank deposit, cash pickup, mobile wallet, or home delivery, depending on your recipient's location.
- Enter recipient's information: Provide the recipient's name and personal details.
- Select payment method: Choose your preferred payment option, such as debit card, credit card, or bank transfer.
- Confirm and send: Review the transfer details and initiate your transaction.
Supported countries and currencies
Remitly supports money transfers to over 150 countries across more than 75 currencies. Some of the supported countries include Mexico, Philippines, India, Australia, Bangladesh, China, Canada, Colombia, El Salvador, Egypt, Germany, Japan, Pakistan, and the United Kingdom. You can easily track your transfer using your Remitly account or mobile app.
I've been using Remitly for the last 10 years, and it works great for me. The money arrives on time, and I have no problem using Remitly.
Key Benefits of Using Remitly
Competitive exchange rates
Remitly offers consistently great exchange rates with no hidden fees. You can benefit from competitive rates that are updated daily to stay in line with market fluctuations. For example, Remitly provides a promotional rate of 58.44 PHP to 1 USD on your first money transfer.
Multiple delivery options
You have various options to send and receive money through Remitly. Depending on your recipient's location, you can choose from bank deposits, cash pickups, mobile wallets, and even home delivery in select countries. This flexibility allows you to select the most convenient method for your recipient.
Fast and secure transfers
Remitly offers two transfer speed options: Economy and Express. With Express, your money can reach the recipient within a few hours, while Economy transfers take 3-5 business days but often come with no fees. Remitly prioritizes security, using world-class practices to protect your transfers.
User-friendly mobile app
The Remitly mobile app allows you to send money internationally with just a few taps. You can easily track your transfer right from the app and receive an exact date and time for when your recipient will get the money. The app supports multiple languages, including English, French, Spanish, Filipino, and Vietnamese.
I've been using Remitly for the last 10 years, and it works great for me. The money arrives on time, and I have no problem using Remitly.
Tips for Getting the Most Out of Remitly
Comparing exchange rates
To get the best value for your money, it's crucial to compare exchange rates. Remitly offers competitive exchange rates with no hidden fees. You can benefit from rates that are updated daily to stay in line with market fluctuations. For example, Remitly provides a promotional rate of 58.44 PHP to 1 USD on your first money transfer.
Choosing the right delivery method
Remitly gives you various options to send and receive money. Depending on your recipient's location, you can choose from:
- Bank deposits
- Cash pickups
- Mobile wallets
- Home delivery (in select countries)
This flexibility allows you to select the most convenient method for your recipient. It's important to discuss with your recipient their preferred method of receiving the money.
Setting up recurring transfers
While Remitly doesn't offer automatic recurring transfers, you can easily initiate individual transfers using their mobile app or website platforms as needed. This allows you to maintain consistent financial support for your beneficiaries without the need for a fixed schedule.
Use this link to receive $20 off on your first transfer!
Utilizing promotional offers
To maximize your savings, take advantage of Remitly's promotional offers. As a new customer, you may be eligible for fee-free transfers on your first two transactions. Keep in mind that these promotions are typically limited to one per customer and have specific terms and conditions.
I've been using Remitly for the last 10 years, and it works great for me. The money arrives on time, and I have no problem using Remitly.
Conclusion
Remitly has proven to be a game-changer in the world of international money transfers. Its user-friendly approach, competitive exchange rates, and multiple delivery options make it a top choice for those looking to send money across borders. The platform's commitment to security and speed, coupled with its easy-to-use mobile app, provides users with a seamless experience from start to finish.
For anyone seeking a reliable and efficient way to support loved ones abroad or make international payments, Remitly stands out as a solid option. Its impact on simplifying the process of sending money internationally is significant, giving users peace of mind with every transaction. Try Remitly for free! As someone who's been using Remitly for the last 10 years, I can vouch for its reliability - the money always arrives on time, and I've never had any issues with the service.
FAQs
Can I trust Remitly for money transfers?
Yes, Remitly is a dependable and secure service for transferring money. It is registered with the U.S. Department of the Treasury and has the necessary licenses for money transmission in the U.S. Additionally, it is authorized to operate across the UK and in all Canadian provinces, except Quebec.
How does Remitly earn its revenue?
Remitly generates income primarily through transaction fees charged to its customers and by applying a spread on foreign exchange rates.
Is Remitly more secure than Western Union?
Both Remitly and Western Union provide secure options for money transfers via their websites and mobile apps. They offer transparency in fees and exchange rates, and payments can be delivered within minutes when using a debit card.
What are the advantages of using Remitly for sending money?
Remitly offers a fast, safe, and convenient service for sending money in over 100 different currencies. Depending on the destination, you can choose to have the funds deposited directly into a bank or mobile money account, or made available for cash pickup.
References
[1] - https://www.compareremit.com/remittance-company-reviews/remitly-money-transfer-review/
[3] - https://www.compareremit.com/money-transfer-tips/spotlight-on-remitly/
[4] - https://www.remitly.com/us/en/philippines/pricing
[5] - https://www.remitly.com/us/en
[6] - https://blog.remitly.com/money-transfer/reasons-to-use-a-money-transfer-app/
[8] - https://www.remitly.com/us/en/india/pricing
[9] - https://www.remitly.com/pdf/hi/gb/f0dd5b95-76d6-4013-a78c-ee8701a0fac3