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Remitly Review At a Glance
- We believe Remitly is legit. We gave it a trust rating of 5.0/5. View reasoning.
- Based on our combined research and user reviews, Remitly seems to provide a good product/service for Senders. It has an overall consumer score of 5/5. View our research.
What Is Remitly?
Remitly is a digital remittance platform that's on a mission to make the money transfer process faster, affordable, and more transparent. Senders can use the platform to transfer money internationally to over 170 countries in 100+ currencies. Founded in 2011, Remitly’s vision is to transform the lives of immigrants and their families by providing the most trusted financial services on the planet.
General Details 📜
| Status: | Active, Legit |
|---|---|
| Helps You: | Move Money |
| Platform Type: | Money Transfer |
| Opportunities: | Bank Transfer Cash Transfer Debit Card Money Transfer Domestic Money Transfer International Money Transfer |
Contact Info ☎️
| Socials: | LinkedIn • Twitter • Facebook • Instagram • TikTok • Remitly |
|---|---|
| Support Pages: | Help Center |
Company Details 🏢
| Founded: | 2011 |
|---|---|
| Legal Name: | Remitly Global, Inc. |
| Also Known As: | Remity |
| Founders: | Matt Oppenheimer • Josh Hug • Shivaas Gulati |
| Headquarters: | Seattle, Washington, United States |
Who Is Remitly For?
Remitly is for anyone looking to send international money transfers, such as immigrants, expats, students studying abroad, and more.
Requirements 🔎
| Minimum Age: | 18 years old You may not submit or receive a Transaction on behalf of any other person. |
|---|---|
| Supported Locations: | Australia, Austria, Belgium, Canada, Cyprus Customers can take advantage of Remitly’s money transfer locations in over 170 countries from any of the sending countries listed above. |
| Supported Languages: | Deutsch, English, Español, Filipino, Français |
| Supported Devices: | Android Phone, Android Tablet, Computer Browser, iPad, iPhone |
| Other: | Senders may only have one active account. |
How Does Remitly Work?
There's 1 type of user on Remitly:
- Senders
Here's how Remitly works for them:
How Remitly Works For Senders
Remitly senders can use the platform to send international money transfers to over 170 different countries and over 100 different currencies. Transfers can be sent via cash (home delivery or pickup), bank deposit, mobile money, or debit card deposit.
Key Points 🔑
| Costs / Fees: | Transfer fees vary by currency, destination, and delivery speed. |
|---|---|
| Minimum Purchase: | None |
| Payment Options: | ACH Transfer, Apple Pay, Bancontact, Credit Card, Debit Card, Google Pay, iDEAL, SEPA |
Getting Started 🔢
Creating a Remitly account is free. To get started, head over to the website or download the app and sign up.
During the signup process, you'll be asked for an email address and password.
Intro offer: When you sign up for Remitly, you may be eligible to receive a new customer offer on your first transfer. Sign up here.
Using The Platform 💼
To send money on Remitly:
First, you'll need your recipients name, address, phone number, and other relevant information based on your transfer type (e.g. for a bank transfer, you'll need their bank info).
From there, you can initiate the transfer on the Remitly app or website. Just go to the "send money" section, enter the amount, select the delivery method, and follow the prompts.
Once your transfer is initiated, you can track it directly through your account.
To receive money on Remitly:
Receiving money from a Remitly sender is straightforward as most of the work is done by the sender. Once the sender completes the transfer, you'll receive a notification with instructions when the money is delivered or available for pickup.
As a receiver, you don't need a Remitly account.
Pricing 🏷️
Remitly only charges a transfer fee to senders. This fee will vary by currency, destination, and delivery speed. You can see how much your transfer will cost before you send it.
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For Senders
Our Editorial Remitly Review
Is Remitly Legit?
We believe Remitly is legit. It's been operating since 2011, is run by Remitly Global Inc. (a multi-billion dollar U.S.-based publicly traded company), and has plenty of positive reviews across the web. We don't have any reasons to believe Remitly is a scam.
Green flags:
- Founded in 2011.
- Operated by Remitly Global Inc., a publicly traded company worth over $3.4B at the time of writing.
- Transparent website.
- Founders are publicly known.
- Has plenty of positive reviews across the web.
Note: All research is done independently and could be wrong or change as new information is gathered. Please do your own due diligence.
Is Remitly Worth it for Senders? Does It Offer Good Value?
Our editorial consumer review is currently incomplete. Showing what we have so far...
Remitly Statistics
General Platform Statistics
#10,753
Global Site Rank
14M+
Avg. Monthly Site Visits
2.7k+
Employees
460k+
Cash Pickup Locations
Data as of April 24, 2024 • Sources: Similarweb, Remitly
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