Remitly as A Reliable Money Transfer – For sending money abroad for emergencies or sending a gift, Remitly stands out as an excellent choice. We tell you more about our personal experience with Remitly in this post.
Whether you’re sending money to family members abroad, supporting a friend in need, conducting international business transactions, or sending a monetary gift on special occasions (especially with Mother’s Day just around the corner), Remitly stands out as an excellent choice.
In today’s increasingly interconnected world, the need for fast, reliable, and cost-effective international money transfer services has never been more critical. In this comprehensive review, we’ll delve into the features, benefits, and fees of Remitly and compare it to other popular digital wallet services.
Remitly – An Overview
Founded in 2011, Remitly has grown exponentially, now serving millions of customers worldwide. With a focus on providing a seamless and efficient money transfer experience, Remitly has earned a reputation for being a user-friendly and secure option for international transactions.
Ease of Use
One of the reasons Remitly has become so popular is its intuitive and user-friendly interface. To get started, all you need is an email address and a password to create an account. Once your account is set up, you can link it to your bank account or credit/debit card for easy transfers. Remitly also offers a mobile app for both Android and iOS devices, making it convenient for users to send and receive money on the go.
Speed of Transactions
When it comes to international money transfers, speed is of the essence. Remitly excels in this department, offering two different transfer options: Express and Economy. With the Express option, you can expect your transfer to be completed within minutes. On the other hand, the Economy option offers a more cost-effective solution, with transfers typically taking 3-5 business days. This flexibility allows users to choose the transfer speed that best suits their needs and budget.
Rates and Fees
Remitly’s competitive fees and exchange rates make it an attractive option for international money transfers. The platform offers transparent pricing, with no hidden fees or charges. Remitly’s fees vary depending on the destination country, the amount you’re sending, and the transfer speed you choose.
For example, sending money from the United States to the Philippines using the Express option will incur a $3.99 fee for transactions below $500 and no fee for transactions above $500. The Economy option is free for transfers up to $2,999.99. Exchange rates are also competitive, typically ranging from 1-3% above the mid-market rate, depending on the currency pair involved.
Security and Customer Support
When it comes to reliable money transfers, security is paramount. Remitly employs robust security measures, including 256-bit SSL encryption and secure data storage, to protect users’ sensitive information. In addition, the platform is registered with the US Department of Treasury and licensed as a money transmitter in various states.
Remitly’s customer support is another strong point. With a dedicated help center, users can access a wealth of information and troubleshooting guides. For more personalized assistance, Remitly offers customer support through phone, email, and live chat, ensuring your questions and concerns are promptly addressed.
As Mother’s Day approaches, many of us are looking for reliable and affordable ways to send money to our loved ones overseas. Remitly is a popular reliable money transfer service that has gained a solid reputation for its low fees, multiple delivery options, and fast transfer times. We highly recommend taking advantage of Remitly’s money transfer for this special day!
What We Love About Remitly
Send Money Fast and Cheap Abroad
Remitly’s primary focus is on money remittance. If you need to send money from the United States and other countries to destinations like the Philippines, Mexico, or other nations, Remitly might be precisely what you need. They offer low prices and various ways to deliver your money, giving your recipient the flexibility to receive funds even if they don’t have a bank account or if it’s a weekend and they prefer an alternative method.
Multiple Delivery Options
Remitly allows you to send money through various channels: direct to a bank account, as mobile money, cash pickup, or even direct to your home. This flexibility ensures that your recipient can access the funds in the most convenient way possible.
Fast Delivery with a Debit Card
If you need to send money quickly, Remitly allows you to deliver funds in just a few minutes when using a debit card. This feature is ideal for emergencies or situations where you need to send money fast.
24/7 Customer Service
Remitly’s customer service has an excellent reputation, offering 24/7 support in English and Spanish. Additionally, Remitly provides live chat support in English, Spanish, and French.
How We Use Remitly – Reliable Money Transfer
Sending Money for Emergencies or Urgent Matters
As a couple who come from two countries, we find ourselves at times needing to be separate in case we need to fix things in our own countries. With Ruben based in Spain and Rachel based in The Philippines, we constantly need a reliable way to transfer and send money.
After thorough research, we decided to use Remitly.
Creating the account was a breeze. Setting up an account was incredibly easy. With just our email addresses and a password, we were able to create our accounts in a matter of minutes. We then linked our respective bank accounts for seamless transactions.
What we loved even more is that the options of how the receiver can receive the money is flexible. You have options to send as fast as you can (Express) or you can choose to send by Economy if you can wait for a few days.
Receiving the money in various ways is also amazing – cash pickups and home delivery are some of the best ways we’ve sent money to the Philippines especially in cases when the receiver can’t receive the money mobile.
The transfer process can be completed within minutes, and the receiver in the Philippines can receive a notification about the incoming funds. All in all, a very convenient process.
Sending Monetary Gifts for Special Events
In another instance, we planned ahead for an upcoming anniversary. We used the Economy transfer option, which promised delivery within 3-5 business days. This time, there was no fee as I was sending an amount above €500. The exchange rate was still competitive, and we were both very satisfied with the savings we made from choosing the Economy option.
During both transactions, we felt secure knowing that Remitly uses 256-bit SSL encryption and is registered with the US Department of Treasury.
When you Need Help, Customer Support is 24/7
Whenever we had questions, the 24/7 customer support was there to help, both in English and Spanish.
Overall, our experience with Remitly has been excellent. The platform is user-friendly, the fees and rates are competitive, and the security measures are robust. Whether we needed to send money quickly or were planning ahead, Remitly offered the flexibility and convenience we needed.
Reliable Money Transfer – Costs to Send Money and Exchange Rates
Sending Money with Remitly
Remitly offers low fees and competitive exchange rates. Reliable money transfers and delivery times depend on the speed you want the recipient to receive the funds, and fees vary per country. You can check the exact fees on Remitly’s website.
For example, when sending money from the United States to Mexico, you can choose between Remitly Express and Remitly Economy. Prices will differ between the two options, with Remitly Express allowing you to send money to your recipient within minutes for an additional rate.
Exchange Rates
Remitly also provides attractive exchange rates. For instance, when sending money from the US to the Philippines, the exchange rate is 1 USD for PHP 56.94.
Convenience and Speed
Delivery Speed
With Remitly, you can opt for the Remitly Express service, which sends money within minutes, or the Remitly Economy service, which takes 3-5 business days, depending on the destination country and the chosen delivery method.
Convenience in Receiving Money
Both Remitly and its competitors provide a high level of convenience when it comes to receiving money. Managing payments is easy, as you can do so with both the official website and their apps.
Security and Reliability
Remitly maintains high standards for security and customer service. The company employs a 2-step login process for added protection and adheres to strict international regulations to ensure the safety of its users’ information and funds.
Pros and Cons of Using Remitly
Pros
- Fast delivery using a debit card: Remitly can deliver money to recipients within minutes when you use a debit card.
- Free and/or cheap delivery options: Remitly Economy offers low fees, allowing you to send money for as little as possible. 3. Multiple delivery methods: Remitly provides various options, including bank deposit, cash pickup, mobile money, and home delivery, ensuring recipients can access funds in the most convenient way.
- Competitive exchange rates: Remitly offers attractive exchange rates for its users.
- 24/7 customer support: With live chat and phone support available in multiple languages, Remitly is there to help you anytime you need assistance.
Cons
- Limited availability: Remitly is not available in all countries, which may limit your ability to send money to certain destinations.
- No business accounts: Remitly’s focus is on personal remittances, so they do not offer services specifically designed for businesses.
- Maximum transfer limits: Remitly has maximum transfer limits that vary depending on the user’s tier, which may not suit users who need to send large amounts of money regularly.
Comparison to Other Digital Wallet Services
When comparing Remitly to other popular digital wallet services, it’s evident that Remitly offers a comprehensive and competitive solution for international money transfers. While other services like Wise (formerly TransferWise) may offer slightly lower fees in some cases, Remitly’s transparent pricing, flexibility in transfer speeds, and robust security measures make it a top choice for users seeking a reliable and efficient money transfer platform.
Final Thoughts: Why You Will Love Remitly for Money Transfer
For sending money abroad for emergencies or sending a gift, Remitly stands out as an excellent choice.
Remitly’s combination of user-friendliness, competitive rates, and fees, fast transfer options, and robust security make it an ideal choice for anyone looking to send money internationally. If you’re searching for a reliable and efficient money transfer service, Remitly is undoubtedly worth considering.
So, as Mother’s Day approaches and you contemplate how best to show your love and appreciation, consider using Remitly to send a monetary gift or contribute to a special project for your mom. With its efficient service and competitive pricing, Remitly makes it simple to express your gratitude and create lasting memories, no matter the distance.
Remitly’s commitment to providing a secure, user-friendly, and efficient money transfer platform has made it a popular choice for millions of customers worldwide. If you’re in search of a reliable solution for your international money transfer needs, look no further than Remitly.
About the Author: Ruben, co-founder of Gamintraveler.com since 2014, is a seasoned traveler from Spain who has explored over 100 countries since 2009. Known for his extensive travel adventures across South America, Europe, the US, Australia, New Zealand, Asia, and Africa, Ruben combines his passion for adventurous yet sustainable living with his love for cycling, highlighted by his remarkable 5-month bicycle journey from Spain to Norway. He currently resides in Spain, where he continues to share his travel experiences alongside his partner, Rachel, and their son, Han.