How Much Does Remitly Charge to Send Money

Remitly's fees can be a bit tricky to understand, but don't worry, I've got the lowdown. Remitly charges a flat fee for sending money, which varies depending on the transfer amount.

For transfers under $500, Remitly's fee is a flat $2.99. This fee is applied on top of the exchange rate, which means you'll need to factor it in when sending smaller amounts.

Remitly also offers a more competitive rate for larger transfers, with a fee of just 1.5% for amounts over $10,000. This can be a significant savings for those sending larger sums.

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Sending money with Remitly is a convenient option, but it's essential to understand their pricing structure. Remitly takes 2% of the total amount of money you're transferring.

Their rates are based on the exchange rates of your country of origin, which can vary. It's best to clarify with your Remitly branch how much the fixed service rate will be, as it varies depending on the country you're in.

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The speed of sending time you want also affects Remitly fees. You can choose from different options, but the fees will be higher for faster transfers.

Here's a breakdown of the fees you can expect with Remitly:

Keep in mind that Remitly is just one of many options for sending money overseas. You can also consider traditional banks and credit unions, brick-and-mortar money transfer services, or online money transfer apps and websites.

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Remitly's fees are based on the exchange rates of your country of origin, and they take 2% of the total amount of money you're transferring. They also charge a fixed service rate, which varies depending on the country you're in.

Remitly's fees are also based on the speed of sending time you want, with faster options costing more. For example, sending money via credit card incurs an extra 3% fee, while payments initiated through a direct debit from a bank account are usually the cheapest.

There's a flat fee of $2.99 for sending money to Indonesia, while sending money to Brazil via the Economy option costs $1.99. You can model your transfer for free on Remitly to get an exact estimate of the fees.

The Economy Transfer option is a cheaper alternative, costing approximately $3.99 per transaction, and takes 3 to 5 business days for delivery. This option is available via bank deposit, cash pickup, mobile money, and home delivery.

Other fees to expect include transaction fees from third-party debit and credit card providers, handling fees when sending via cash pick-up, and a fixed service fee of $2.99 when using the Bill Pay service for paying your bills.

Here's a breakdown of the fees you can expect to pay:

Remitly offers several ways to transfer money, including sending money through their website and mobile app, as well as paying by U.S. bank account, debit card, credit card, or prepaid debit card.

You can choose from various delivery options, such as bank deposit, cash pickup at participating stores or banks, mobile account deposit, or home delivery. Remitly also offers flexible transfer limits, with a daily limit of $2,999, which can be increased to $6,000 or $10,000 with additional information, and a monthly limit of $30,000.

Here are the transfer options available with Remitly:

Remitly offers several ways to transfer money, including sending channels, payment options, and delivery options. You can send money through Remitly's website or mobile app.

You can pay for transfers using a U.S. bank account, debit card, credit card, or prepaid debit card. Remitly also offers a variety of delivery options, including bank deposit, cash pickup, mobile account deposit, and home delivery.

Transfer limits vary depending on the account type and verification level. Generally, you can send up to $2,999 per day within 24 hours of registering with Remitly. However, this limit can be increased to $6,000 or $10,000 per day with additional verification.

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Here are the different transfer limits for Remitly:

Remitly accepts money deposits and transfers for up to 30 currencies, providing flexibility for international transfers. You can choose from various payment options, including foreign bank transfers, credit cards, and pick-ups.

To make international money transfers, you can use Remitly's online platform or mobile app, which offers a convenient and secure way to send money abroad.

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International services like money transfer services have several advantages. They are usually the cheapest option for sending money internationally.

An international bank transfer can take up to five days to reach the recipient's bank account.

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If you're considering using Remyly for your money transfers, it's worth comparing their fees with other services. Remyly's exchange rate markup can be higher than what you'd find on a currency exchange platform like Bloomberg.com or Reuters.com.

To get the best deal, it's essential to compare total transfer costs across multiple providers. This includes both upfront fees and exchange rate markups. Online nonbank providers, like Remyly, often offer cheaper transfers than banks.

Avoid paying with a credit card if you can, as it may incur a higher upfront fee and additional costs from your credit card issuer.

Bank comparison services can be a lifesaver when trying to figure out the best way to send money internationally. Remitly and Wise, two popular services, have their own strengths and weaknesses when it comes to fees and exchange rates.

Remitly and Wise both offer lower fees compared to banks, with Remitly's transfer limits potentially sufficient for smaller amounts. Wise, on the other hand, offers higher transfer limits, especially for verified users.

Transferring money internationally via your bank can be secure and reliable, but it generally comes at a steeper cost than sending payments through a licensed money transfer company. Bank fees typically range between $15 and $50 per transaction.

Here's a comparison of bank fees and money transfer service fees:

If you need to transfer money internationally, it's worth exploring options beyond your bank. Remitly and Wise can offer lower fees and more flexible transfer limits, making them a more cost-effective choice for many users.

Wise offers cash pickup at over 485,000 locations globally, including banks, credit unions, and retail stores.

Wise has a large network of pickup locations, but it's not as extensive as some other services, such as Remitly.

Wise's cash pickup service is available in many countries, including the US, UK, and Australia.

If your recipient doesn't have a bank account, cash pickup with Wise can be a convenient option for them to receive the money in person.

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Choosing the right money transfer service can be overwhelming, but it's essential to find one that fits your needs. Bank fees can range between $15 and $50 per transaction, making money transfer services a more affordable option.

Some money transfer services are more secure than others, so it's crucial to pay attention to their security measures. Using the wrong service can lead to identity theft or fraud, so do your research.

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When comparing money transfer services, consider the exchange rate, as it can vary significantly between providers. The exchange rate can also differ from provider to provider, so shop around to find the best deal.

Transfer fees can be a flat fee or a percentage of the amount being transferred, so be aware of what you're paying. Some providers charge a flat fee, while others charge a percentage, which can be expensive for large transfers.

Convenience is also a key factor, as some services offer online transfers, mobile apps, or in-person transactions. Delivery time is another consideration, as some providers offer instantaneous transfers while others take a few days.

Transfer limits are also important to consider, as each provider sets their own limits. You'll want to find a service that matches your transfer frequency and size.

Here are the key points to consider when choosing a money transfer service:

By considering these factors, you can find a money transfer service that meets your needs and saves you money.

You can send money to your loved ones using Remitly's website or mobile app, which offers a range of payment options including U.S. bank account, debit card, credit card, and prepaid debit card.

Receiving money on the other hand is just as easy, with several delivery options available. You can choose to have the funds deposited directly into the recipient's bank account, or opt for cash pickup at participating stores, pharmacies, or banks. Mobile account deposit or home delivery are also available in some cases.

Here are some of the delivery options you can choose from:

Note that the delivery options may vary depending on the country the funds are being sent to, so it's always a good idea to check Remitly's website for the most up-to-date information.

Modern money transfer providers offer multiple receiving options for anyone you're sending money to, with varying fees per method. Most commonly, funds can go straight to recipients' bank accounts or to a designated location for cash pickup.

Funds can be sent directly to recipients' bank accounts. This is one of the most common receiving methods offered by modern money transfer providers.

The fees associated with receiving funds can be impacted by how the recipient chooses to receive the money. For example, sending funds to a bank account may have different fees than sending funds for cash pickup.

Most money transfer providers offer a range of receiving options, giving you and the recipient flexibility in how you choose to send and receive money.

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You can fund your transfer using a variety of methods, and the fees will vary accordingly. Credit card payments often incur a higher fee, while payments initiated through a direct debit from a bank account are usually the cheapest transfers.

To minimize fees, it's best to use a bank account for funding. This option is often the cheapest, and it's a good idea to set up a direct debit from your account to make transfers easier and more cost-effective.

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Some users also use debit cards for funding, but keep in mind that this option may incur higher fees compared to bank account transfers. Credit cards, on the other hand, often come with higher fees, so it's worth exploring other options before choosing this method.

Here are some common payment methods you can use with Remitly:

It's worth noting that the payment method you choose will affect the total amount of fees you pay, so be sure to explore your options carefully to find the best deal for your needs.