Sending money internationally can be a complicated and expensive process, but Remitly is here to change that. As a digital money transfer service, Remitly offers a fast, affordable, and user-friendly way to send and receive money across borders. Whether you need to support family members in another country, pay bills, or run a business, Remitly makes it easy to get your money where it needs to go.
In this article, we’ll explore the many benefits of using Remitly, including its low fees, competitive exchange rates, fast transfer times, and user-friendly interface. Plus, we’ll take a closer look at Remitly’s refer-a-friend program, which can help you save even more money on your international transfers. Read on to learn why Remitly should be your go-to option for all your international money transfer needs.
What is Remitly?
Remitly is a digital money transfer service that allows people to send and receive money internationally. Founded in 2011, Remitly has quickly become a popular choice for people who need to send money to friends and family members in other countries. The company’s mission is to make the process of sending money internationally easier, faster, and more affordable for everyone.
Using Remitly, you can send money to over 50 countries around the world, including India, Mexico, the Philippines, and many more. The app allows you to choose from multiple delivery options, such as direct deposit, home delivery, or cash pickup, depending on the country and the recipient’s preferences. With Remitly, you can also track your transfer in real-time and receive updates on the status of your transaction, so you always know where your money is and when it will arrive.
One of the main benefits of using Remitly is that it offers lower fees than many traditional money transfer services. The app also offers competitive exchange rates, so you can get more for your money. Additionally, Remitly’s fast transfer times mean that your money will arrive in your recipient’s account or at their chosen pickup location in a matter of hours or a few days, depending on the country and delivery method selected.
Remitly is a great option for anyone who needs to send money internationally, whether you’re sending money to family members, paying bills, or supporting a business. With its user-friendly interface, low fees, and fast transfer times, it’s a convenient and affordable way to send money around the world.
Why should you use Remitly?
Sending money internationally can be a stressful and expensive experience, but Remitly aims to make it easier, faster, and more affordable for everyone. With its user-friendly interface, competitive fees, and fast transfer times, Remitly is quickly becoming a popular choice for people who need to send money to family members, pay bills, or support a business abroad. In this section, we’ll explore the many benefits of using Remitly and why you should consider using it for your next international money transfer.
- Lower fees: One of the main benefits of using Remitly is that it offers lower fees than many traditional money transfer methods. Remitly’s fees are often lower than those charged by banks or other digital money transfer services, meaning you can save money on each transaction.
- Fast transfer times: Remitly offers some of the fastest transfer times in the industry, often completing transfers within minutes of being initiated. This means you don’t have to wait long for your money to arrive at its destination, which can be especially important if you need to send emergency funds or if your recipient is relying on the money for important expenses.
- Multiple delivery options: Another benefit of using Remitly is that it offers multiple delivery options to suit your needs. You can choose from options like direct bank deposit, cash pickup, and mobile wallet delivery, depending on what works best for you and your recipient. This flexibility means that you can tailor your transfer to your specific situation and ensure that the money gets to where it needs to go as quickly and efficiently as possible.
- Convenient: Using Remitly is also very easy and convenient. The app can be downloaded on both iOS and Android devices, and the interface is simple and user-friendly. You can set up an account in minutes, and once you’ve done that, sending money is just a matter of a few clicks. The app also allows you to track the status of your transfer in real-time, so you always know where your money is and when it will arrive.
How to use Remitly
Using Remitly is easy, and the app provides clear instructions to guide you through the process. Here’s a step-by-step guide on how to use Remitly:
- Download the Remitly app and create an account. You’ll need to provide some basic information like your name, email address, and phone number.
- Choose the country you want to send money to and how much you want to send. Remitly will provide you with a quote that includes the exchange rate and any fees.
- Select the delivery method and payment method for your transfer. You can choose from options like direct bank deposit, cash pickup, and mobile wallet delivery.
- Provide the recipient’s information, including their name, address, and bank account details (if applicable). You may also need to provide additional details depending on the delivery method you choose.
- Review the details of your transfer and confirm the transaction. Remitly will provide you with a summary of your transfer, including the amount, fees, exchange rate, and delivery method. If everything looks good, you can confirm the transaction and proceed with the transfer.
- Track the status of your transfer in real-time using the app. Remitly will provide you with updates on the status of your transfer, including when the money has been sent and when it has been received by the recipient.
My personal experience with Remitly
As someone who has used Remitly to send money to family members in another country, I can say that I was very impressed with the service. The app was easy to use, and the transfer was completed quickly and without any issues. I also appreciated the fact that Remitly’s fees were lower than other options I had considered, which saved me money in the long run.
In addition to my personal experience, Remitly has received positive reviews from other users and reputable organizations. The company has an average rating of 4.5 stars on the App Store and a rating of 4.4 stars on Google Play, with many users praising the app’s ease of use and fast transfer times. Remitly has also been recognized by organizations like Forbes, which named it one of the Top 25 Fintech Companies in 2020.
One of the great things about using Remitly is that they offer a refer-a-friend program that rewards both you and your friend when they sign up and make a transfer. When you refer a friend to Remitly using your unique referral link, your friend will get a special offer on their first transfer, and you’ll get a reward for each successful referral. This is a great way to save even more money and earn rewards for something you’re already doing.
Overall, Remitly is a great option for anyone who needs to send money internationally. With lower fees, fast transfer times, and multiple delivery options, it’s an easy and affordable way to send money to friends and family around the world. Plus, with their refer-a-friend program, you can earn rewards for each successful referral you make. So why not give Remitly a try and see how it can benefit you?