Wise vs remitly

Which scores better when comparing Remitly vs Wise? See how each provider scores and who wins when comparing their services, fees, supported countries and customer service.

Choosing a service provider for international money transfers is a crucial decision impacting cost, efficiency, and security. This is particularly true for those who engage in cross-border transactions, whether for personal or business reasons. The Remitly vs Wise comparison presents a classic scenario of weighing options in an increasingly digital financial world. Understanding the nuances of each service is essential. Remitly and Wise, prominent names in the sector, offer distinctive features and benefits tailored to different user needs. As UK consumers increasingly seek digital solutions for sending money abroad, dissecting these services in detail is imperative.

Wise vs remitly

In , I started Transumo after experiencing expensive, slow, and frustrating international money transfers and payments through banks. Once I discovered how to manage my own international currencies much better, I became driven to help others improve their transfers and payments. Fortunately, today, there are many excellent options. See My Full Bio. Remitly gives you flexibility in transfer speeds with Express and Economy options, and different ways to receive money such as bank delivery, cash pickup, mobile wallets, and even home delivery in some areas. Whereas, Wise only offers bank transfers and mobile wallets and transfers can take minutes to 3 days. In this comparison of Remitly and Wise, I will explain the fees in more detail, reveal the best features, speed, and customer feedback. I will also look into the negative reviews and what they mean. Disclosure: This post contains affiliate links and savings on transfers if you use some of the links! For more information, see my disclosures here. Wise has a 4. Both offer reliable services, but Wise has an edge over Remitly for bank-to-bank transfers. Both Remilty and Wise have low fees which means more money will arrive. However, both have different fees based on the amount and countries you are sending between. Lowest Fees?

But the key takeaway is the mid-market exchange rate offered.

Remitly and Wise are both safe and reliable options for international payments. But their services, exchange rates, features and fees do vary somewhat. This guide will help you navigate whether Remitly or Wise might be the best option for you, looking at international transfers, accounts and card options. Summary : Wise and Remitly have some overlapping services for international payments, but their focus and their product range vary significantly. Go to Remitly Go to Wise. Accounts: Free to spend currencies you hold, with no monthly charges.

When sending money abroad, you have a variety of options available. Online money transfer services such as Wise and Remitly are on hand to give you great exchange rates and fast, secure transfers. With so many options around, however, it can be hard to pick between your options. This Remitly vs Wise comparison runs through the features of both platforms to determine which offers the best service to its users. Remitly is a cross-border remittance provider founded in and headquartered in the Greater Seattle Area in the United States. So far, the company has over 3 million customers, and facilitates transfers from 17 countries to over 50 other nations around the world. Depending on the destination, Remitly recipients can have their funds deposited directly into their bank accounts , sent to a cash pickup location, deposited into a mobile wallet, or delivered to their homes.

Wise vs remitly

Updated July 25, Shivam Bhardwaj. Art Zabalov. Why you can trust us: Our recommendations are unbiased, based on personal experience, and regularly updated to ensure accuracy. We personally test every provider we review. We may earn a commission if you sign up for a platform using one of our links. Learn more. Considering Remitly and Wise for your international money transfers?

Boston logan international airport delta terminal

Extremely cheap and competitive on Monito. A standout feature of Wise is its multi-currency account, accompanied by a debit card, which allows users to hold, manage, and spend in multiple foreign currencies, making it a versatile tool for frequent travellers and international businesses. Yasmin Purnell. In fact, there are several advantages of using more than one money transfer company: More features : some money transfer companies have unique features you will not find elsewhere. Take a look at the table below to get a better picture of how this works:. However, bank transfers can take longer at around business days. The easiest way to get in touch with Wise is by logging into your account and opening an in-app chat. As you can see, in our comparison both providers offered quite similar overall value, with Remitly is a few cents cheaper on the smaller transfer, and Wise slightly cheaper on the higher value payment. Verifies all transaction to prevent theft and fraud bit SSL encryption and two-factor authentication on website and app to protect your data and money Cash is only disbursed to recipients with a valid government-issued ID and transfer reference number Limitations of amounts you can send may limit possible problems. Winner: Tie Both Wise and Remitly keep their transfer speeds competitive, although the speed can vary by the amount, the target currency, and the funding method.

In , I started Transumo after experiencing expensive, slow, and frustrating international money transfers and payments through banks.

Remitly is very popular with users, earning a four- out of five-star rating on Trustpilot with a high number of positive reviews. Very easy, can be done in just a few clicks. Always compare the final amount the recipient will receive, considering the fees and rates. Department of the Treasury and by the relevant authorities in the countries in which it operates. As you'll find out more in this article, if you'd like to make an international bank transfer, we generally recommend Wise over Remitly. Transfers to cash pickup Transfers to cash pickup Wise is particularly favoured by those who value its mid-market exchange rates, ensuring users get the most out of their money with no hidden fees. Wise vs Western Union. In this comparison of Wise vs Payoneer, I will tell you more about the…. Wise is rated 4. Winner: Wise Wise wins this round for their affordability and transparency. For more information, see swissmoney Cookie Statement. On the one hand, there's Remitly, which is licensed as a money transmitter in the US and also authorized to operate in all Canadian provinces including Quebec , as well as in the UK and Ireland which represents the entire EU.