Remitly: Send Money & Transfer


Rating: 4.8	Downloads: 10,000,000+
Category: Finance	Offer by: Remitly

Remitly: Send Money & Transfer is a mobile application designed to simplify international money transfers. It enables users to quickly send funds across borders with competitive exchange rates and low fees. The app targets migrants, frequent travelers, and anyone needing to support loved ones abroad or conduct cross-border business, offering a streamlined alternative to traditional bank systems.

This service provides significant advantages through its user-friendly interface, real-time tracking, and extensive global coverage spanning over 70 countries. By leveraging digital technology, Remitly: Send Money & Transfer makes international transfers accessible even in areas with limited banking infrastructure, helping users stay connected financially with family or businesses worldwide.

App Features

Global Money Sending: Remitly allows you to send funds to over 70 countries with just a few taps on your phone. This feature is perfect for families with relatives abroad or small businesses needing to make international payments, providing peace of mind with secure transactions.
Multiple Payment Options: The app supports various funding methods including debit cards, credit cards, and bank account transfers. With instant deposit options like e-transfer codes and digital wallets, users can replenish their account balance 24/7, eliminating the need for physical bank visits or complex procedures.
Recipient Management: Easily create and save profiles for frequent recipients with custom notification settings. This saves valuable time by eliminating redundant information entry—just tap “Send to [Name]” and the system completes your transaction with your preferred amount and currency automatically.
Real-Time Tracking: Monitor your money’s journey from origin to destination with interactive maps showing estimated delivery times. Knowing exactly when your funds will arrive helps recipients plan ahead, while the app provides immediate notifications for status changes or delays.
Smart Currency Conversion: Remitly’s algorithm automatically detects transaction currencies and offers competitive exchange rates. This feature not only saves money by finding the best mid-market rates but also handles complex conversions seamlessly, even for less common currency pairs.
Identity Verification: The app securely stores your documents and credentials, reducing verification time for subsequent transactions. This advanced security layer uses encrypted cloud storage and multi-factor authentication while maintaining compliance with international financial regulations, giving users confidence in the safety of their transactions.

Pros & Cons

Pros:

Incredibly fast processing times (many transfers completed within minutes)
Competitive exchange rates (often better than traditional banking options)
User-friendly interface with intuitive navigation and clear instructions
Multiple notification channels (email, SMS, and in-app alerts)
24/7 customer support with responsive chat and call options
No hidden fees with transparent pricing displayed upfront

Cons:

Regional service limitations affecting coverage in some countries
Transaction limits based on account verification level
Occasional technical issues during peak transfer times
Bank account verification requirements can delay first-time use
Country-specific withdrawal options may vary by destination
No physical receipt for transfers requiring paper documentation

Similar Apps

App Name	Highlights
TransferWise	Focuses on fair mid-market exchange rates with transparent pricing and personalized account limits.
WorldRemit	Known for branchless banking features and near-instant global access from mobile devices.
PayTransfer	Emphasizes secure payment gateways and business-friendly transaction tools for enterprises.

Frequently Asked Questions

Q: Can I send money to countries not listed in the app?
A: Currently, Remitly supports transfers to over 70 countries, but the specific destinations available depend on your location. If you’re trying to send to a country not listed, check for updates as coverage expands regularly.

Q: How quickly can I expect my money to arrive?
A: Transfer times vary based on destination and payment method, but many international transactions are completed within minutes to hours. The app shows estimated arrival times based on origin and recipient details.

Q: Are there any transfer limits with Remitly?
A: Yes, limits depend on your account verification level. Basic users start with lower caps, while fully verified accounts can send larger amounts. These limits ensure security while allowing flexibility for different needs.

Q: Can I cancel a transfer once initiated?
A: Unsent transfers can typically be canceled within 15 minutes of initiation. Once the money leaves our system, it can’t be canceled, highlighting the importance of double-checking details before confirming transactions.

Q: How are my funds protected against exchange rate fluctuations?
A: Remitly uses the mid-market exchange rate at transaction initiation and protects against unfavorable changes through our “hold” option. This locks in rates while still allowing for delivery scheduling flexibility.