Remitly vs Moneycorp Comparison

Remitly, established in 2011, has carved a niche in the digital remittance space, focusing on providing migrant workers with a cost-effective way to send money home. With its user-friendly app and a wide array of delivery options, Remitly caters to those seeking convenience and speed in their transactions.

On the other hand, Moneycorp, with its roots stretching back to 1979, offers a more traditional, comprehensive suite of foreign exchange services. It serves both individual and business clients, providing sophisticated tools for managing currency risk, alongside its money transfer services.

Both companies have built strong reputations over the years, but they cater to slightly different audiences with their distinct features and services.


Company NameRemitlyMoneycorp
Remitly ReviewMoneycorp Review
Customer Rating4.1/5 (Trustpilot)4.3/5 (Trustpilot)
# Rating Customers41,3006,300
Top 3 Pros
  • Extensive global coverage
  • Instantaneous transfers
  • No minimum transfer limit
  • Exceptional customer support
  • Operational in 190+ countries
  • Wide range of currencies
Top 3 Cons
  • Not suitable for large transfers
  • Exchange rate spreads can be large
  • Limited customer support options
  • Limited funding methods
  • Fees for phone transfers
  • No cash pickup option


Company NameRemitlyMoneycorp
Office LocationsUS, Nicaragua, Ireland, UK, Poland, Singapore, PhilippinesUK, USA, France, Spain, Ireland, Hong Kong, Australia, Brazil, Gibraltar, UAE, Romania
# Currencies75120+


Company NameRemitlyMoneycorp
Regulated byMultiple global institutions including FCA in the UKFCA in the UK, FinCEN in the USA, among others
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameRemitlyMoneycorp
Min transfer$0Β£50
Max transferVaries by country and methodNo limit
Fixed fees$3.99 on averageNo
See rates before you log in?YesYes

Customer Support

Company NameRemitlyMoneycorp
Dedicated DealerNoYes
Live ChatYesYes

Ways to Transfer

Company NameRemitlyMoneycorp
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoYes
Cash PickupYesNo
Card Top-UpYesNo

Additional Functions

Company NameRemitlyMoneycorp
Mass paymentsNoYes
Cash chequesNoNo
Multi-Currency Debit CardNoYes


On MoneyTransferComparison, Moneycorp has received a higher editorial score. The advantages of Moneycorp over Remitly are these:

  • Broader range of currencies supported.
  • Availability of dedicated dealers.
  • More extensive array of services for business clients including hedging options and mass payments.

Moneycorp is better for larger transfers and business needs, offering sophisticated financial tools and personalized service for complex transactions.

Remitly is better for smaller, personal transfers, especially for those needing quick, app-based transactions with features like cash pickup and instant transfers.