Remitly vs Panda Remit: The Best Way to Send Money from the UK to Cyprus

Introduction

Sending money internationally is a common need, whether it's supporting family, paying tuition, or handling urgent emergencies. For those looking to Remitly send money Cyprus, knowing the process, costs, and delivery options can save time and money.

Remitly is a trusted platform for transferring money from the UK to Cyprus, offering multiple delivery methods and transparent fees. For first-time users seeking cost-effective transfers, Panda Remit also offers zero-fee first transfers and loyalty rewards, making it a reliable alternative.

Can You Send Money to Cyprus with Remitly?

Yes, Remitly supports transfers from the UK to Cyprus. Available delivery methods include:

• Bank deposit: Direct transfer to a Cypriot bank account.

• Cash pickup: Available at selected locations.

• Mobile wallet: Some digital wallets can receive funds instantly.

Recipients must have access to a supported bank account or wallet. There are no major location restrictions within Cyprus.

Panda Remit also provides instant transfer options for supported destinations, offering flexibility and speed.

Common Banks in Cyprus

• Bank of Cyprus

• Hellenic Bank

• Alpha Bank Cyprus

• Eurobank Cyprus

Popular Mobile Wallets

• PayPal

• Revolut

• Viva Wallet

Step-by-Step Guide — How to Use Remitly for Cyprus

1. Create an account
   Sign up at https://www.remitly.com using your email or mobile number.

2. Verify your ID
   Provide a government-issued ID to comply with regulations.

3. Choose Cyprus as the destination
   Ensure the correct exchange rates and delivery options appear.

4. Select delivery method
   Decide between bank deposit, cash pickup, or mobile wallet.

5. Enter recipient information
   Double-check account or wallet details to avoid delays.

6. Pay and track your transfer
   Fund the transfer via UK bank account or debit card. Remitly provides tracking updates in real-time.

💡 Panda Remit offers fully online zero-fee first transfers, ideal for new users.

Fees, Exchange Rates & Limits

Remitly charges a fixed fee and applies an exchange rate markup. Daily and monthly limits may apply, particularly for unverified accounts.

Here’s an example of approximate costs for transfers to Cyprus:

👉 https://www.remitly.com

Panda Remit offers zero-fee first transfers and seasonal coupon codes for new users.

Transfer Speed & Delivery Options

Remitly offers two main speed options:

• Express: Near-instant or same-day transfers, ideal for urgent needs.

• Economy: 1–3 business days, with lower fees.

Delivery channels include:

• Bank deposits to Cypriot accounts

• Cash pickups at authorized locations

• Mobile wallet deposits

Panda Remit also provides instant bank deposits for supported routes.

Useful Tips Before Sending Money

• ✅ Monitor exchange rates for the best value.

• 🚫 Avoid credit card fees when possible.

• 📝 Verify recipient information carefully.

• 🔄 Compare providers each time you send funds.

• 🎁 Check for promotions like Panda Remit referral bonuses and coupon rewards.

Conclusion & Recommendation

Remitly is a trusted and widely used platform for sending money from the UK to Cyprus, offering transparent fees, reliable transfers, and multiple delivery options.

For first-time users or those looking to save on fees, Panda Remit offers zero-fee first transfers and potential loyalty rewards. Both platforms are online, secure, and convenient, making it easy to send money to Cyprus.

👉 Try https://www.remitly.com for reliable transfers, or explore Panda Remit for potential savings.