Remitly review: Fees, limits, exchange rates and more | Finder

Mar 8, 2023 · If you want to see how Remitly compares to the exchange rates and fees offered by other money transfer services, enter the details of your transaction into the table below. …

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Remitly Money Transfer Review - NerdWallet

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Aug 2, 2022 · Remitly’s exchange rates generally have a markup from a little more than 1% to a little more than 3%. The markup largely depends on the currency and payment method, but it's …

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Remitly Vs Western Union | Who To Use? Fees & Facts Compared

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Oct 10, 2024 · The exchange rate margin remains the same as the smaller two transfers, around 1 - 3% more than the mid-market rate. Sending $200 Sending this amount via Western Union …

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FAQs about Remitly review: Fees, limits, exchange rates and more | Finder Coupon?

How much does Remitly cost?

Remitly offers two transfer speeds: Express and Economy. Remitly’s fees can vary based on the country you send from and to. For example, here are the fees charged by Remitly while sending from the US to the Philippines when we checked on February 15, 2022. Express: $3.99 when sending less than $500 Compare money transfer fees now ...

Does Remitly charge a fee?

Remitly charges a fee to use its money transfer service. The fee varies depending on the transfer amount and destination country. Additionally, Remitly makes a small percentage on transfer by adding a margin to the mid-market rate. ...

What are Remitly fees & exchange rates?

The fees and exchange rates vary depending on factors such as transfer amount, destination, funding method, and service chosen. In terms of security and compliance, Remitly is a registered Money Services Business with the US Department of the Treasury and is licensed as a money transmitter in the US. ...

What are the transfer fees on Remitly?

Remitly charges customers fees for making transfers, in addition to applying a margin on top of the mid-market exchange rate. Transfer fees depend on how much you send and the delivery method you choose. The ‘Economy’ option is inexpensive but slower, while the ‘Express’ method is faster but costlier. ...

What is Remitly exchange rate?

Remitly exchane rate: While Remitly uses a fairly low markup, it’s useful to know that with some providers, the highest of all of the fees you pay for an international transfer is in the exchange rate markup. And as markups are applied as a percentage of the transfer value, they quickly mount up if you’re sending a large amount. ...

What is the markup on Remitly's exchange rate?

Remitly's markup onto exchange rate is typically between 1% and a little over 3%. Every new customer gets a special offer on their first transfer with Remitly, which usually includes a stronger exchange rate and lower fees for a portion of your first transfer. ...