Remitly is a remittance service provider that ensures faster, safer, affordable and transparent transfer of money worldwide. It has a reliable and easy-to-use mobile app which makes it efficient to send money online by eliminating the forms, codes, agents, extra time and fees typical to a traditional, century-old money transfer process. The company is headquartered in Seattle, with additional offices in London, Philippines, and Nicaragua. Remitly allows transfers to more than 40 countries around the world. Remitly offers express service where the transactions will be made quickly, and the funds will be received within minutes. The express transfer service comes with a nominal cost which will be paid by the user and also, the exchange rate will be re-adjusted according to their currency conversion. There is a standard transfer service as well in which the funds will be received within 3-5 business days. They also have various payment options including credit or debit card and bank account. The pick-up options depending on the country are bank transfer, pick-up from a store, mobile payment and home delivery. However, the users may be charged a nominally higher fee if the transfer method is through credit card to offset the charges with the credit card companies as they treat the remittance as a cash-advance transaction. On the first money transfer transaction with this remittance service, they offer higher exchange rates which are often closer to the exact currency conversion. There is also a refer a friend program in which the users receive a cash bonus if their friend makes a successful money transfer using Remitly.
Remitly is an online remittance service that specializes in helping Indians staying in the United States to transfer money to India. You can send up to $30,000 from United States to India in a single transfer. Remitly ensures fast deposits and on-time delivery. They often provide the best exchange rates for currency conversion while also providing safe and secure remittance service for sending money to India. Also, there is no transfer fees for transactions above $1000 USD. If you choose their express money transfer service then, money will be available within 4 banking hours. Economy money transfers take 3-5 business days but have a better USD to INR exchange rate. Remitly gives you nationwide coverage in India, you can transfer money easily to various bank accounts at ICICI, SBI, Citi Bank, Axis Bank and many more. This remittance service is an international money transfer service business registered with the US Department of Treasury and authorized to do business in all 50 states.
Remitly FAQs (Frequently Asked Questions)
How much fees does Remitly charge?
$3.99 on $10-$999
$0 on $1000-$30000
What is the minimum amount I can transfer with Remitly?
$10
What is the maximum I can transfer with Remitly?
Tier 2: $6000 in 24 Hours, $20000 in 30 Days & $36000 in 180 Days
Tier 3: $10000 in 24 Hours, $30000 in 30 Days & $60000 in 180 Days
How long does it take to send money online with Remitly?
3-5 Business Days for Economic Money Transfer
Instant to 4 Hours for Express Money Transfer
What are the payment methods that Remitly supports?
Bank, debit card and credit card
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