Regulated providers onlyRates updated regularlyTrusted by immigrants in Canada & USA
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Remitly
Regulated Minutes–hours5 million+ customersFounded 2011
Remitly is built for speed and convenience. Founded in 2011 with a focus on the immigrant market, Remitly offers two tiers: Economy (cheaper, 3–5 days) and Express (minutes to hours, higher fee). Its strong cash pickup network in countries like India, Philippines, and Mexico makes it the go-to for recipients who need physical cash.
Example — CAD $500 to India
Transfer fee
CAD 7.50
Total cost
CAD 315.31
Recipient gets
₹30,473
Remitly — Key Facts
HeadquarteredSeattle, WA, USA
Founded2011
Customers5 million+
Transfer feeNo flat fee + 1.50%
FX margin~1.0% above mid-market
Cash pickupYes
Min / Max transfer$1 / $30,000
RegulationLicensed money transmitter in all 50 US states, and regulated in Canada, EU, UK, and Australia
Remitly Pros and Cons
Pros
- Express transfers arrive in minutes
- Extensive cash pickup network (170+ countries)
- Strong promotional offers for first-time senders
- Highly rated mobile app
- Available in more countries than most competitors
Cons
- ~1% FX margin applied on top of fees
- More expensive than Wise for bank deposits
- $30,000 maximum transfer limit
- Express tier costs more than Economy
Best for: Senders who need money to arrive fast, or whose recipient prefers cash pickup.
Frequently Asked Questions About Remitly
Is Remitly safe?
Yes. Remitly is licensed as a money transmitter in all 50 US states and is regulated in Canada, the EU, UK, and Australia. It has served over 5 million customers.
How fast is Remitly Express?
Remitly Express typically delivers in minutes to a few hours for most corridors. Actual delivery time depends on the destination country and recipient bank.
Does Remitly have a promo for new users?
Remitly frequently runs promotions for first-time senders, including reduced fees or favorable rates. Check their site for current offers when you register.
What is the difference between Remitly Economy and Express?
Economy is cheaper (lower fees) but takes 3–5 business days. Express costs slightly more but delivers in minutes to hours. Both use the same exchange rate.
Ready to send with Remitly?
Available in 170+ countries