Remitly Fees to India: A Comprehensive Guide

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Remitly fees to India can be a bit confusing, but don't worry, we've got you covered. Remitly offers competitive exchange rates and low fees, making it a popular choice for sending money to India.

The exchange rate margin on Remitly is around 1.5% above the mid-market rate, which is relatively low compared to other money transfer services. This means you'll get a good deal on the exchange rate.

Remitly's fees for sending money to India vary depending on the transfer amount, but typically range from $3 to $15. This is a one-time fee, so you won't have to pay anything extra for ongoing services.

Remitly Fees to India

Receiving money from abroad can be a complex process, but understanding Remitly fees can make a big difference. Remitly fees to India vary depending on the amount you're sending and the type of service you choose.

Transferring money with Remitly US to India starts at 33 INR, which is equivalent to 0.5 USD, as a fee. This fee is charged on top of the exchange rate and delivery method costs.

Isometric image of online money transfer via mobile phones on light background \
Credit: pexels.com, Isometric image of online money transfer via mobile phones on light background \

The exchange rate with Remitly can be competitive, with fees starting at around 0.7% for Express transfers and 1.6% for Economy transfers. If you're sending a large amount, you might get a better deal with Remitly's free exchange rate for transfers over $1,000.

Delivery method fees also apply, with UPI transfers costing $0.99, and bank deposit and cash pickup transfers costing $1.99 each.

Here's a breakdown of the fees for different services:

USD to INR Conversion

Remitly's exchange rates are very reasonable for transfers from the US to India, with Remitly being the cheapest overall provider for 32% of dollar-to-rupee searches in 2022, according to Monito's real-time comparison engine.

Remitly waives its fixed transfer fee of $3.99 as long as you send $1,000 or more, making it a great option for large transfers.

The exchange rate margin with Remitly is around 0.7% for Express transfers and 1.6% for Economy transfers, which is much lower than the 7% markup applied by big American banks and mobile apps like PayPal.

Here's a summary of Remitly's exchange rates and fees:

USD to INR Conversion Facts

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Remitly was the cheapest overall provider for 32% of dollar-to-rupee searches in 2022, according to Monito's real-time comparison engine.

You can send money to over 85 countries with Remitly, making it a convenient option for international transfers.

Remitly's customer reviews are overwhelmingly positive, with a 4.9/5-star rating on the Apple App Store and a 4.8/5-star rating on the Google Play Store.

You can choose from various delivery methods, including bank transfer, cash pick-up, mobile wallet, and cash delivery.

Remitly offers competitive exchange rates, with an exchange rate markup between 0.7% and 1.6%.

Here are the details of Remitly's transfer fees:

USD to INR

Remitly is a reliable option for sending money from the US to India, with competitive exchange rates and low fees.

Remitly operates transfers in over 47 currencies worldwide and offers good rates for USD to INR transfers. The company is regulated under the US Department of Treasury, licensed as a money transmitter in the US, and registered with FINTRAC.

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You can send money to India with Remitly in three simple steps: create an account, select the amount, and enter your payment information. Remitly accepts all major credit cards, debit cards, and bank transfers.

Remitly's fees depend on the transfer amount, with a fixed fee of $3.99 for transfers under $1,000 and no fees for transfers $1,000 and above. The company also offers two types of transfers: Express, which takes minutes, and Economy, which takes 3-5 business days.

Remitly's exchange rate markup is between 0.7% and 1.6%, which is a competitive rate compared to other providers. For example, on February 13th, 2023, Remitly's Economy rate was ₹82.10, while the Express rate was ₹81.42.

Here's a summary of Remitly's services for USD to INR transfers:

Remitly allows you to send up to $10,000 per day, making it a convenient option for large transfers. With Remitly, you can exchange US dollars for Indian rupees and send money to India quickly and securely.

Fees and Rates

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Remitly's fees are competitive, especially for larger transfers. If you send $1,000 or more, Remitly will waive its fixed fee entirely.

The fixed fee for sending less than $1,000 is $3.99 per transfer. This fee is waived for transfers of $1,000 or more.

Remitly's exchange rate markup is between 0.7% and 1.6%. This markup is applied to the transfer amount, and it's one of the lowest in the industry.

Here's a summary of Remitly's fees and exchange rates:

Remitly's fees and exchange rates are clearly outlined on their website, making it easy to compare with other transfer services.

Fees for USD to INR Transfers

Remitly's fees for USD to INR transfers can be a bit tricky to understand, but don't worry, I've got the lowdown.

The fixed fee for transfers under $1,000 is $3.99. This fee is waived entirely if you send $1,000 or more.

Remitly offers two types of transfers: Express and Economy. Express transfers take minutes, while Economy transfers take 3 to 5 business days.

A close-up of hands exchanging paper money between two people outdoors.
Credit: pexels.com, A close-up of hands exchanging paper money between two people outdoors.

Here's a breakdown of Remitly's fees and exchange rates for USD to INR transfers:

Keep in mind that these fees and exchange rates are subject to change, so it's always a good idea to check Remitly's website for the most up-to-date information.

The cost for transferring money with Remitly US to India starts at 33 INR, which is equivalent to 0.5 USD. This fee is in addition to any other fees or charges associated with the transfer.

USD to INR Fees and Rates

Remitly's USD to INR fees and rates are quite competitive, especially for their Economy service. They applied a very low exchange rate markup of 0.72% for this service, recorded on February 13th, 2023.

The Remitly Express service, on the other hand, has a markup of 1.54%. This is still a relatively low rate compared to other services.

You can choose from two main services: Express and Economy. The Express service costs $3.99 for amounts under $1,000, while the Economy service also costs $3.99 for the same amount range.

Here's a breakdown of the services:

Remitly's fees are reasonable, but the exchange rates can fluctuate from minute to minute. It's always a good idea to check the current rates before making a transfer.

Comparison and Tips

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Credit: pexels.com, Artistic illustration of hands exchanging money on a vibrant purple background, symbolizing finance and business.

Remitly is a popular choice for international money transfers, especially for transfers from the USA to India. It was the cheapest provider in 2022 for 22% of all global searches on Monito.

Remitly also offers excellent exchange rates for first-time users. It's worth noting that Remitly was the cheapest option for over 32% of USD-INR searches on Monito in 2022.

To give you a better idea of Remitly's pricing, here's a comparison of some top remittance services:

Overall, Remitly is a reliable choice for international money transfers to India, with competitive pricing and a user-friendly experience.

What Monito Likes

Remitly is a great option for sending money abroad, and here's why. They offer the cheapest rates on 32% of USD to INR comparisons on Monito in 2022.

One of the standout features of Remitly is its excellent choice for cash pick-ups. This makes it a convenient option for those who need to receive cash quickly.

If you're looking to send money to multiple destinations, Remitly is a good choice. They have numerous destinations available around the world.

First-time users of Remitly can also take advantage of special exchange rates. This can be a significant saving for those who are new to using the service.

What Monito Dislikes

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Credit: pexels.com, Positive senior businessman in formal suit and eyeglasses counting money bills while sitting at wooden table with cup of beverage and near opened laptop

When researching money transfer services, it's essential to know what to look out for. Here are some key points that might raise concerns.

Remitly's exchange rate margin can be quite steep, with 35% of fees hidden in the exchange rate margin.

A limited number of origin countries can't send to each other, which might cause inconvenience for those who need to transfer money across borders.

This is particularly noteworthy when dealing with international transactions.

Compare with Top Remittance Services

Remitly is a top choice for transferring money from the US to India, being the cheapest provider in 2022 for 22% of all global searches on Monito.

In 2022, Remitly was also the cheapest service for over 32% of Monito comparisons for transfers specifically from the USA to India.

XE Money Transfer took second place, being the cheapest option for over 28% of USD-INR searches on Monito in 2022.

Panda Remit came in third, taking over 18% of Monito comparisons in 2022.

If you're not sure about Remitly's rates, you can use a real-time comparison engine to check their dollar to rupee rate with other top remittance companies.

Tips for Secure US to India Shipping

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When sending money from the US to India, it's essential to double-check your recipient's information to avoid delays.

You'd be surprised how often small mistakes can cause big headaches. Make sure you have the correct name, address, and other details to ensure a smooth transfer.

Be aware of the exchange rates, as this can impact the amount your recipient receives. It's not just about the amount you send, but also how much they'll actually get.

To avoid any issues, consider using a reputable service like Remitly, which provides a simple and secure way to send money to India.

Here are the basic steps to send money with Remitly:

  • Create an account using your email address through their website or app.
  • Select the currency, the amount you want to send, and the delivery speed.
  • Choose how your money is delivered.
  • Enter the name and information of the person who will receive the money.
  • Enter your payment information and select confirm transfer to send.

Sending Money to India

Sending money to India with Remitly is a straightforward process. You can create an account using your email address through their website or app, and then select the currency, amount, and delivery speed.

To send money to India, you'll need to choose how your money is delivered. This can be done through various methods, including bank deposit, cash pickup, or UPI (Unified Payments Interface).

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Credit: pexels.com, Assorted international banknotes showcasing different currencies. Ideal for finance-related themes.

The fees for sending money to India vary depending on the delivery method. For example, if you choose UPI, the fee is $0.99, while bank deposit and cash pickup both cost $1.99.

Remitly offers three different plans for sending money to India: Express, Economy, and Instant transfers. Express transfers can reach the recipient within minutes, while Economy transfers take 2-3 business days to complete.

You can send as much money as you need from USD to INR without any cap, making Remitly a convenient option for those who need to send large or small amounts.

Here are the fees for sending from AUD to INR:

Remitly's great exchange rates on the conversion of USD to INR also mean you'll save on your remittance transaction. With thousands of users trusting Remitly to send money to India, you can have confidence in their service.

Forrest Schumm

Copy Editor

Forrest Schumm is a seasoned copy editor with a deep understanding of the financial sector, particularly in India. His expertise spans a variety of topics, including trade associations, banking institutions, and historical establishments. Forrest's work has shed light on the intricate landscape of Indian banking, from the Indian Banks' Association to the significant 1946 establishments that have shaped the industry.

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