How does Remitly work?

Remitly is a digital remittance service that aims to make sending money across borders faster, cheaper, and more convenient. Here's how it works:

Step 1: Create an account

To use Remitly, you first need to create an account either on their website or through their mobile app. You'll be required to provide some basic personal information and verify your identity.

Step 2: Choose the recipient

You can send money to over 50 countries using Remitly. Simply select the country and the recipient's information, including their full name and contact details.

Step 3: Select the amount and choose a delivery method

Enter the amount you want to send and choose a delivery option. With Remitly, you can either send money directly to a bank account or have it picked up as cash at a designated location.

Step 4: Make the payment

You can fund your transfer using a variety of methods such as bank transfer, debit or credit card, or even Apple Pay. Remitly offers competitive exchange rates and low fees, making it a cost-effective way to send money overseas.

Step 5: Track your transfer

Once your transfer is initiated, you can easily track its progress in real-time through Remitly's website or app. You and the recipient will also receive updates via email and SMS.

Step 6: Money delivered

Depending on the delivery method chosen, the recipient will receive the funds either directly in their bank account or can pick up the cash at the designated location. With Remitly, transfers can take as little as a few minutes to be delivered.

With its user-friendly interface, competitive rates, and fast delivery times, Remitly is a popular choice for those looking to send money overseas. Give it a try and start sending money to your loved ones today!

What are the fees for using Remitly?

Remitly offers different fees for sending money depending on the amount, the destination, and the transfer method. For transfers to India, the fee for sending up to $1,000 is only $2.99 when using a bank account or debit card. For larger transfers, the fee is a flat rate of $5.99.

If you are sending money to the Philippines, the fee for using a bank account or debit card is $3.99 for up to $1,000, with a flat fee of $7.99 for larger transfers. For transfers to Mexico, the fee is $1.99 for up to $500, and a flat fee of $3.99 for larger transfers using a bank account or debit card.

For transfers to other countries such as Guatemala, Honduras, El Salvador, Nicaragua, Colombia, Ecuador, and Peru, the fee for using a bank account or debit card is $1.99 for transactions up to $500, with a flat fee of $4.99 for larger transfers.

For transfers to Vietnam, the fee for using a bank account or debit card is $2.99 for transactions up to $500, with a flat fee of $4.99 for larger transfers. For all other countries, the fee for sending money using a bank account or debit card is $3.99 for transactions up to $1,000, with a flat fee of $6.99 for larger transfers.

There are also additional fees that may apply such as currency exchange fees, cash pickup fees, and credit or debit card fees. These additional fees vary depending on the country and payment method. It is always recommended to check the specific fees for your desired transfer before sending money through Remitly.

In addition, Remitly offers a price comparison tool that allows users to compare their fees with other remittance service providers. This ensures that customers are getting the best rates for their money transfers.

Overall, Remitly offers competitive and affordable fees for sending money internationally. With its easy-to-use platform and low transfer fees, it is a great option for those looking to send money to their loved ones abroad.

Is Remitly available in all countries?

Remitly is a popular online money transfer service that allows users to send money to their loved ones in other countries. With its convenient and reliable platform, Remitly has gained immense popularity worldwide. But the question remains, is Remitly available in all countries?

The answer is no, Remitly is not available in all countries. Currently, Remitly is only available in select countries, primarily in Asia, Latin America, and Africa. This includes countries such as India, Mexico, the Philippines, and Nigeria.

One of the main reasons for Remitly's limited geographical reach is because it has specific partnerships with local banks and financial institutions in each country. This allows for faster and more convenient transactions for both the sender and receiver.

However, Remitly is constantly expanding its services to other countries, and it aims to eventually cover the entire world. In fact, it recently announced its plans to enter the European market, starting with the United Kingdom.

So, if you’re living in a country where Remitly is not yet available, don’t worry. You can still use other remittance services or traditional methods to send money to your loved ones.

But for those who have access to Remitly, it offers competitive exchange rates, low fees, and a user-friendly platform to make money transfers quick and hassle-free. In addition, it also offers various delivery options, including direct deposit, cash pickup, and home delivery.

In conclusion, while Remitly is not available in all countries, it is continuously expanding its services to make remittance accessible to more people around the world. So, if you’re looking for a reliable and efficient way to send money internationally, keep an eye out for Remitly's expansion into your country in the future.

Can I use Remitly to send money to friends and family?

Remittances, or the act of sending money to someone in a different location, have become increasingly popular in today's globalized world. With advancements in technology and connectivity, it has become easier than ever before to send money to friends and family living abroad. Remitly is one such platform that offers a fast, secure, and convenient way to transfer funds to loved ones across borders.

Remitly is a digital remittance service that allows users to send money from their home country to over 50 countries worldwide. It offers competitive exchange rates, low fees, and multiple payment options, making it an attractive choice for those who need to send money internationally.

One of the main advantages of using Remitly is its speed. Traditional bank transfers can take several days to complete, whereas with Remitly, the money reaches the recipient within minutes. This is particularly beneficial for emergency situations or when there is an immediate need for financial assistance.

Additionally, Remitly offers a variety of delivery options to suit the recipient's preferences. Money can be received through cash pick-up, direct deposit, mobile wallet, or home delivery, depending on the country and availability. This allows greater flexibility and convenience for both the sender and receiver.

Safety and security are also essential factors when it comes to remittances. Remitly uses state-of-the-art technology and encryption to ensure that all transactions are protected and secure. They also have a money-back guarantee if the transaction fails or is delayed due to unforeseen circumstances.

Another significant advantage of using Remitly is its low fees. The platform offers competitive exchange rates and charges a minimal fee, making it a cost-effective option for sending money internationally. This is especially beneficial for those sending small amounts of money, as traditional wire transfers can often have high fees.

In conclusion, Remitly is an excellent choice for those looking to send money to friends and family living in different countries. With its fast, secure, and convenient services, it has become a go-to option for many people. And with its competitive fees and exchange rates, Remitly is a cost-effective solution for international remittances.

How long does it take for a Remitly transfer to go through?

When it comes to sending money overseas, time is often of the essence. That's why many people turn to Remitly for their remittance needs, as this popular service is known for its fast and reliable transfers. But just how long does it take for a Remitly transfer to go through?

The answer to that question depends on several factors, including the destination country, the payment method, and the transaction amount. In general, most Remitly transfers are completed within minutes to a few hours.

If you're sending money to a major remittance market such as India, Mexico, or the Philippines, you can expect the transfer to be processed and available for pickup or delivery within minutes. However, if you're sending to a less common destination, it may take a bit longer for the transfer to go through.

The payment method you choose also plays a role in the speed of your Remitly transfer. If you opt for a bank transfer, it may take a couple of hours for the funds to be received and processed. On the other hand, using a debit or credit card can significantly speed up the process, with transfers often going through within minutes.

Finally, the amount of money being sent can also impact the transfer time. Small amounts may be processed faster than larger amounts, as there may be additional verification steps involved for larger transactions.

In any case, rest assured that Remitly works hard to ensure that your transfers are processed quickly and efficiently. So whether you're sending money to family members abroad or making a business transaction, you can count on Remitly to get the job done swiftly and securely.

 

 

About Panda Remit

Panda Remit is committed to providing global users with more convenient, safe, reliable, and affordable online cross-border remittance services。
International remittance services from more than 30 countries/regions around the world are now available: including Japan, Hong Kong, Europe, the United States, Australia, and other markets, and are recognized and trusted by millions of users around the world.
Visit Panda Remit Official Website or Download PandaRemit App, to learn more about remittance info.