Should I use Remitly for money transfers?
Is Remitly Safe to Use?
Services Offered by Remitly
Our Top Rated Remitly Alternatives
On Money Transfer Comparison, we have reviewed 80+ money transfer services, 40+ of which could be considered direct Remitly competitors. View our best rated Remitly money transfer alternatives which have received higher ratings below:
- Min Transfer: £/€/$ 100
- Currencies Supported: 39
- Offices : UK, EU, USA, India, South Africa.
- Our Rating : 97.8%
- Most Global Offices and Reach
No Fees from Anywhere and Competitive Rates
96% Client Satisfaction
- Min Transfer: £/€ 100
- Currencies Supported: 40
- Offices : UK, EU, Singapore, and Australia.
- Our Rating : 93.4%
- High Quality Bespoke Service
MoneyFact's Best Provider Award
Over 100 Years of FX Experience Across Its Trading Desk
- Min Transfer: £/€/$ 50
- Currencies Supported: 120
- Offices : UK, EU, Australia, USA, HK, UAE, and South America.
- Our Rating : 92.8%
- Business Oriented, Many High Profile Business Customers
Industry Veteran since 1979
Diverse Hedging Options and Excellent Guidance
This Remitly review will showcase both the good and the bad of using the remittance provider to send money home. With thorough research, we present the fees and exchange rates offered by Remitly, the different ways Remitly can transfer money abroad and the payment routes and destinations Remitly covers. We’ll provide a recommendation based on what existing clients have had to say about their experience with Remitly, combined with our expert comparison of Remitly competitors.
- Credibility Score - 92%92%
- Client Feedback - 88%88%
- Fees, Exchange Rates - 73%73%
- Global Reach, Availability, Service - 71%71%
- Added Values - 66%66%
Remitly is one of the fastest growing ‘new-age’ remittance providers in existence today. In fact, the firm has been on such a growth trajectory that it recently went public on the NASDAQ in September 2021. The focus of the firm has always been to democratise money transfers and make them super-accessible to migrants by being able to make transfers at just the click of a few buttons on their mobile. In this regard, they’ve succeeded. The Remitly app is just about the best money transfer app there is today.
On the other hand, there seems to be a greater number of negative Remitly reviews left on Trustpilot than ever before. Reviews almost always complain that customer service is slow and the team installs no confidence that their money is either safely on its way to the recipient or due to be returned to their Remitly account shortly. Exchange rate spreads also appear to be quite high and we’re confident there are cheaper remittance companies available on the market.