Do you have loved ones living abroad and need a fast, secure, and affordable way to send them money? Look no further than Remitly! In this comprehensive review, we’ll dive into all the features that make Remitly stand out in the crowded world of international money transfers. From their competitive exchange rates to their user-friendly platform, we’ve got you covered with everything you need to know about sending money abroad with Remitly. So sit back, relax, and get ready to become a pro at sending cross-border payments! We’ll begin with a brief introduction to Remitly and its services. Founded in 2011, Remitly is an international digital money transfer service that makes it easy for anyone to send money around the world. Their mission is to make sending money overseas both affordable and fast, so people can spend less time worrying about fees and more time enjoying the moments that matter most. They offer competitive exchange rates and have a convenient user-friendly platform, making them one of the top choices for sending money abroad. Whether it’s for family support, business payments, or anything in between, Remitly has you covered.
Introduction to Remitly
Remitly is a digital remittance company that offers international money transfer services to immigrants and expatriates. The company has been operational since 2011 and is headquartered in Seattle, Washington, United States. As of 2019, Remitly has transferred over $6 billion in total. Remitly offers two main types of money transfer services: Express and Economy. Express is the faster service with transfers typically taking place within minutes, while Economy is a slower service with transfers typically taking 2-3 days. To use Remitly, customers first need to create an account and then add beneficiaries (recipients). Customers can then choose to send money via Express or Economy, after which they will be prompted to enter the amount they wish to send as well as the recipient’s bank account details. Once all the required information has been entered, customers simply need to confirm the transaction and the funds will be sent to the designated beneficiary. Remitly also offers a mobile app for Android and iOS devices, which makes it even easier to send money on the go. Remitly is a reliable and convenient way to send money abroad, whether it’s for personal or business purposes.
Overview of Services Offered by Remitly
Remitly is a money transfer service that allows users to send money abroad. The company offers a variety of services, including international money transfers, mobile wallets, and prepaid cards. -International Money Transfers: Remitly allows users to send money to over 55 countries. The company offers competitive exchange rates and low fees. -Mobile Wallets: Remitly partners with mobile wallet providers such as m-pesa and MobiKwik. This allows users to send money to mobile wallets in supported countries. -Prepaid Cards: Remitly offers prepaid debit cards that can be used at ATMs and point-of-sale terminals in supported countries. -Bill Payment: Remitly allows users to pay bills in supported countries. The service is available for electricity, phone, and water bills. -Currency Exchange: The company provides currency exchange services so that users can buy or sell foreign currency.
Step-By-Step Guide to Sending Money with Remitly
Assuming you already have a Remitly account (if not, sign up here), follow these steps to send money abroad with Remitly: 1. Go to the ‘Send Money’ page on the Remitly website or mobile app and select your country of residence, the country you’re sending money to, and the amount you want to send. 2. On the next page, enter the recipient’s name and contact information. If you’re a first-time sender, you’ll also need to create a profile for your recipient by entering their date of birth and gender. 3. Select how you want your recipient to receive the money – either through their bank account or as cash pickup at one of our partner locations. 4. Enter your payment information and review all details before confirming the transaction. Once you confirm, we’ll send you a confirmation email with all the transaction details.
Comparison to Other Money Transfer Services
When you’re looking for a money transfer service to send money abroad, there are a lot of factors to consider. You’ll want to compare the fees, exchange rates, and transfer times of different providers before making your decision. Remitly is a popular choice for sending money abroad, and for good reason. Their fees are very competitive, they offer great exchange rates, and they have a fast and easy-to-use platform. However, they’re not the only option out there. Xoom is another popular provider that offers similar rates and fees as Remitly. They also have a fast and easy platform, but their customer service isn’t as highly rated as Remitly’s. TransferWise is another provider that’s worth considering. They’re often lauded for their transparency around fees and exchange rates. They don’t have the same speed or ease of use as Remitly, but they may be a better choice if you’re looking for a more affordable option. Ultimately, the best provider for you will depend on your specific needs and preferences. Be sure to compare all of the different options before making your final decision.
Tips for Getting the Best Value from Remitly
When you’re sending money abroad, you want to get the best value for your money. Here are some tips for getting the most out of Remitly: 1. Use a promo code. Remitly often offers promotional codes that can save you money on your transfer. Be sure to check for a promo code before you make your transfer. 2. Choose the right transfer option. Remitly offers three different transfer options: Economy, Express, and Instant. Each has its own benefits and drawbacks, so be sure to choose the one that’s right for you. 3. Compare exchange rates. Exchange rates can vary depending on the day and time you make your transfer. To get the best rate, compare rates from multiple providers before making your transfer. 4. Consider other fees. In addition to the exchange rate, there may be other fees associated with your transfer, such as a sender’s fee or a recipient’s fee. Be sure to take these into account when choosing a provider. 5. Know the laws and regulations. When sending money abroad, it’s important to know the laws and regulations in both countries involved in the transaction. This will help ensure that your transfer goes smoothly and avoid any potential problems down the road.
Customer Reviews & Ratings
If you’re looking to send money abroad, you’ve probably come across Remitly. In this article, we’ll give you a comprehensive review of Remitly, including its fees, exchange rates, transfer times, and more. But before we get into all that, let’s first take a look at what customers have to say about the company. Remitly seems to have positive customer reviews and ratings. The majority of users say that the company is easy to use and that they were able to send money quickly and without any problems. Some users did mention that they were charged higher fees than they were expecting, but this seems to be the exception rather than the rule. It seems that most people are happy with the service provided by Remitly.
Conclusion
In summary, sending money abroad with Remitly is a great option for those looking to transfer money internationally. The process is quick, secure and reliable, and their fees are competitive. With Remitly’s low-cost transfers, you can send funds quickly and easily from anywhere in the world. So why not give them a try? Sign up today and see how simple it is to send money overseas with Remitly! Remitly also offers great customer support, with agents available 24/7 to answer any of your questions or concerns. Plus, the company provides a wide range of services and options for businesses looking for a powerful tool to facilitate international payments. With their user-friendly platform, low fees and fast transfers, Remitly makes it easy to send money internationally. Overall, Remitly is an excellent choice when it comes to sending money overseas. Through their advanced technology and secure platform, they make the process of transferring funds abroad hassle-free. Whether you’re an individual or business looking for an efficient way to send money abroad, Remitly is a great option.
