Remitly vs Revolut Comparison

Remitly, established in 2011, specializes in remittances, providing a straightforward and efficient way for users to send money across borders, particularly focusing on the needs of immigrants sending funds back home. With its roots in the USA, Remitly has expanded its services to over 170 countries, emphasizing speed and accessibility.

On the other hand, Revolut emerged in 2015 as a digital banking platform in the UK, quickly gaining popularity for its innovative approach to banking and financial services. Revolut offers a broad spectrum of features including international money transfers, a multi-currency account, and a debit card, catering to over 25 million users worldwide.

Both companies have carved their niches, promising reliability and convenience for their global customer base.

Customers

Company NameRemitlyRevolut
Logo
revolut new logo
Remitly ReviewRevolut Review
Customer rating4.1/54.3/5
# Rating Customers41,300 (Trustpilot)138,000 (Trustpilot)
Top 3 Pros
  • Fast transfers
  • Wide global reach
  • User-friendly app
  • Full banking features
  • Excellent customer support
  • Attractive FX rates
Top 3 Cons
  • Not suitable for large transfers
  • Limited to three transfers per week
  • KYC can delay transfers
  • Complex fee structure
  • Limited in-app currency support
  • No cash pickup options

Availability

Company NameRemitlyRevolut
Logo
revolut new logo
Office locationsUSA, Nicaragua, Ireland, UK, Poland, PhilippinesUK, USA, Australia, Singapore, and more
# Currencies6528 (in-app currencies)

Security

Company NameRemitlyRevolut
Logo
revolut new logo
Regulated byFCA, FinCEN, FINTRAC, AUSTRACFCA, and partially by other global regulators
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameRemitlyRevolut
Logo
revolut new logo
Min transfer$1$1
Max transferVaries by countryDepends on plan
Fixed fees$0.00 – $50 (varies)Varies by plan and transfer type
See rates before you log in?YesYes

Customer Support

Company NameRemitlyRevolut
Logo
revolut new logo
Dedicated DealerNoNo
EmailYesYes
PhoneYesYes
Live ChatYesYes
24/7YesYes

Ways to Transfer

Company NameRemitlyRevolut
Logo
revolut new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoYes
Cash PickupYesNo
Card Top-UpNoYes

Additional Functions

Company NameRemitlyRevolut
Logo
revolut new logo
HedgingNoYes
Mass paymentsNoYes
Cash chequesNoNo
Multi-Currency Debit CardNoYes

Conclusion

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

  • Full banking features.
  • Exceptional customer support.
  • Attractive foreign exchange rates.

Revolut is better for individuals seeking a comprehensive banking solution with the ability to manage multiple currencies and those who value a wide range of financial services beyond just money transfers.

Remitly is better for users who need to send remittances to countries where cash pickup options are important and for those who prioritize fast and straightforward international money transfers without the need for additional banking services.