Remitly Review 2026: Fast, Affordable Transfers to 100+ Countries
Last updated: April 2026
Remitly is a digital remittance service focused on speed and competitive rates for developing countries, especially in Africa and Asia. With Express and Economy options, they balance speed and cost effectively.
About Remitly
Founded in 2011, Remitly has grown rapidly by focusing on the needs of immigrants sending money to family back home. They offer competitive rates for corridors to Africa, Asia, and Latin America, with both instant (Express) and slower, cheaper (Economy) options.
💰 Fees & Pricing
Remitly offers straightforward pricing with fees typically ranging from $0-$4 for most corridors. Economy transfers often have lower fees than Express. New customers sometimes get promotional rates or fee-free first transfers.
| Corridor | Fee | Delivery |
|---|---|---|
| 🇺🇸 United States → 🇳🇬 Nigeria | $3.99 | Minutes |
| 🇺🇸 United States → 🇬🇭 Ghana | $2.99 | Minutes |
| 🇺🇸 United States → 🇰🇪 Kenya | $2.99 | Minutes |
| 🇬🇧 United Kingdom → 🇳🇬 Nigeria | £2.99 | Minutes |
| 🇺🇸 United States → 🇮🇳 India | $3.99 | Minutes |
💱 Exchange Rates
Remitly adds a 1.5-2.5% markup to the mid-market rate, which is competitive compared to Western Union but higher than Wise. The rate is clearly shown before you confirm, so you know exactly what your recipient will receive.
⚡ Transfer Speed
Express transfers can arrive in minutes for bank deposits and mobile money. Economy transfers take 1-3 business days but are usually cheaper. Remitly sends notifications at each step so you can track your transfer.
🛡️ Safety & Reliability
Remitly is licensed in the US, UK, Canada, and other countries. They use bank-level encryption and are regulated by financial authorities. With millions of customers and billions transferred, they're a legitimate and trusted service.
Pros & Cons
✅ Pros
- Competitive rates for Africa and Asia
- Express (minutes) and Economy (cheaper) options
- Mobile money and bank deposit options
- Clear pricing with no hidden fees
- Good mobile app with tracking
- Promotional rates for new customers
❌ Cons
- Limited country coverage vs competitors
- Exchange rate markup (1.5-2.5%)
- Not available in all US states
- No multi-currency account
Remitly vs Competitors
Frequently Asked Questions
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