Registration - Remitly has a smooth account creation process. The website and mobile app are easy to use.
ID Verification - ID verification is not required for Tier 1 membership but this lowers the account sending limits. Tier 2 and 3 require increased proof of identification and source of funds. This can be a slower process.
Transfer speed - Generally between 2 - 3 days upon payment.
Low minimum transfer limits - Send under $5
Low maximum transfer limits - Transfer limits are tiered based on your ID verification. Even with tier 3 ID verification.
Low maximum sending limits - After full ID verification, you may only send up to $60,000 within 180 days. That’s low!
Signing up - Fairly easy, using either the MoneyGram app or website.
Payment options - Bank account transfers, debit cards, credit cards and cash.
Speed - Up to 4 business days, and even more in some instances.
Multilingual website - Use the MoneyGram website in a number of languages.
Mobile apps - Available for iOS and Android.
Remitly scores better in the Ease of Use category.