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You can then use this as a benchmark for comparing the rates of other money transfer providers.Ĭheck if there are any Remitly promo codes available New customers at RemitlyĮvery new customer gets a special offer on their first transfer with Remitly. It’s best to compare the displayed rate on Remitly with the current interbank rate to calculate the size of the margin charged. Remitly updates its exchange rates daily to align with exchange rates on global markets, loving in the exchange rate you see at the beginning of your transactions.įor some countries, you’ll find weaker exchange rates than those of competitors. For example, here are the fees charged by Remitly while sending from the US to the Philippines when we checked on February 15, 2022.Įxpress: $3.99 when sending less than $500Ĭompare money transfer fees now How are Remitly’s exchange rates? Remitly’s fees can vary based on the country you send from and to. Sending money from the US to the Philippines Remitly offers two transfer speeds: Express and Economy. Paying with a bank account is usually cheapest. Sending money to popular destinations is often cheaper than sending it to more remote locations.

The amount you send may change the fee you are charged. Remitly’s fees and exchange rates vary based on sending destination but typically depend on the following: Different countries are charged different exchange rate margins, and the speed of your transfer also factors into the exchange rate you’ll be offered. Remitly doesn’t have recurring transfers, limit orders or any other hedging tools to help you save money by planning your money transfer in advance. A limit of $2,999 is placed on all new accounts, and you’ll need to provide ID to increase daily, monthly and 180-day sending limits. All international money transfer services.