Remitly Alternatives and Competitors

September 7, 2020

Remitly is a U.S.-based overseas money transfer company that began operations in 2011. Now it has offices in the UK, the Philippines and Nicaragua. This company accepts customers from the U.S., the UK, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain and Sweden.

You can use the services of Remitly to send money to various countries, some of which include Colombia, Ecuador, El Salvador, Guatemala, Honduras, India, Mexico, Nicaragua, Peru and the Philippines. If you are looking for a Remitly alternative, you have several options to choose from.

Bank account transfers and cash transfers
Mobile airtime and mobile wallets top up
Home delivery of transferred funds
Multicurrency WorldRemit Wallet
Multilingual website

medium

Fees

fast

1-2 days

Go to Site

0.4% margin for new customers referred by iCompareFX
Fee-free transfers
Scheduled transfers
Online and phone transfers

low

Fees

medium

2-3 days

Go to Site

Fee-free transfers
Competitive exchanges rates
Limit orders
Multilingual website and customer service

low

Fees

medium

2-3 days

Go to Site

Transparent fee structure
Send money to email addresses
Multicurrency account with debit card
Multilingual website & app

low

Fees

fast

1-2 days

Go to Site

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WorldRemit

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XE Money Transfer

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TransferWise

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WorldRemit

UK-based WorldRemit is an alternative to Remitly that has been around since 2010. The company has international offices in the U.S., Canada, Japan, Australia and New Zealand. Website access comes in different languages. It lets you send money to cash pickup locations and accepts credit card payments.

Headquartered in the UK with offices also in the U.S., Canada, Japan, Australia and New Zealand

Multilingual website

Transfer money to cash pickup centers or bank accounts

Top up mobile airtime and wallets in some countries

Make payments using your credit card

Transfer any amount over £1

Get local phone support in some countries

Serves only individuals

Your country of residence and the desired transfer method may affect sending limits

Does not let you schedule transfers

No market orders or forward contracts

Transfer fees depend on the currencies involved, the transfer method and the mode of payment

OFX

OFX is an Australia-based Remitly alternative that began operations in 1998, although at that time it served as an information-only website. Now, this company also has offices in the UK, the U.S., Canada, Hong Kong and New Zealand. While OFX operates dedicated websites for different countries, access to them is only in English.

Headquartered in Australia, offices also in the UK, the U.S., Canada, Hong Kong and New Zealand

Operates dedicated websites for the UK, the U.S., Canada, Australia, New Zealand and Hong Kong

Personal transfers come with fee-free thresholds

Accepts transfer instructions online and over the phone

Allows scheduling of transfers

Lets you choose from market orders and forward contracts

Local phone support provided in some countries

Website access limited to English

No cash pickup locations

Allows trading of some currencies only over the phone

XE Money Transfer

XE.com (formerly HiFX) is a Canada-based Remitly alternative that began operations in 1993. It has international offices in the U.S. and the UK. The company operates dedicated websites for different countries, and website access comes in multiple languages. Personal transfers carried out through XE Money Transfer do not attract any fees.

Headquartered in Canada, offices also in the U.S. and the UK

Dedicated websites for the UK, the U.S., Canada, Australia and New Zealand

Fee-free personal transfers

Provides spot contracts and limit orders

Get website access and customer support in languages other than English

No cash pickup centers

Does not let you schedule transfers

TransferWise

While the birth of this Azimo alternative took place in Estonia, TransferWise now functions as a UK-based specialist money transfer company. Apart from these two countries, it also has an office in the U.S. This competitor to Azimo began operations in 2011. It handles around £500 million in fund transfers each month. Access to the TransferWise website comes in English, French, Italian, Spanish, Portuguese and Dutch. This is one of the few prominent fund transfer companies that lets customers pay with credit cards. Read the complete TransferWise review to find out more.

Provides services to individuals and businesses

Dedicated websites for Australia, Brazil, Canada, Switzerland, Germany, Spain, France, the UK, Italy, Japan, New Zealand, Singapore and the U.S

Website access in various languages

Offices in the U.S., the UK, Australia, Hungary, Estonia, Ukraine, Singapore and Japan

No minimum transfer limit

The Borderless account gives businesses a local banking experience in 15 different currencies

Use the “send” and “receive” money options with no more than an email address

Local phone support offered in different countries

Peer-to-peer transfers not supported in all countries

Transfer amount, currency of payment, destination country and payment method affects the cost of transfer

Does not offer scheduled transfers, forward contracts or limit orders

No cash pick up centers