Remitly
by Justo
Jul 29, 2022 |
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Founded in 2011 by Matt Oppenheimer, Shivaas Gulati and Josh Hug, Remitly is a digital remittance service that helps you send money abroad and makes the money transfer process faster, affordable, and more transparent. It operates in the United States, Canada, and the UK. Apply Now Similar Sites Used
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Summary
Founded in 2011 by Matt Oppenheimer, Shivaas Gulati and Josh Hug, Remitly is a digital remittance service that helps you send money abroad and makes the money transfer process faster, affordable, and more transparent. It operates in the United States, Canada, and the UK.
Features
The first thing you need to do is visit their website and create your personal account. Once you have done that, you can get started with transferring money by simply typing in the amount you are going to transfer and where you are going to transfer it to. In the next step, you will choose your transferring service, enter the recipient’s information, and fund your transfer with the payment method you decide to choose. Remitly will keep you updated on where your money is and when it has arrived.
Remitly offers clients a website as well as a mobile app, where customers can transfer money easily. Besides that, all services are offered in Spanish and in English. You can transfer money from the UK, US, Australia, Canada, Ireland, Germany, France, Italy, Spain, Austria, Belgium, Finland, Netherlands, Norway, Singapore and Sweden to over 50 countries worldwide.
With Remitly, you can choose from a variety of payment methods like bank transfer, debit cards or credit card. On top of that, Remitly has thousands of pick up locations so you can easily go to one of their convenient pickup locations to get your money.
Terms
Remitly offers two different types of services: Economy and Express services. If you choose the Economy transfer, you deposit money from your bank account and will have your money arrive to its destination within 3 to 5 business days without suffering high fees. The other option is Express transfer; an express transfer for people who need to send money fast. However, this option comes with higher fees and needs to be funded with your debit or credit card, which might include additional card processing fees. Although you pay a little more with this option, if you need to make a transaction fast, your express transfer will arrive within minutes to its destination.
Trustworthiness
With Remitly, you won’t have any issues with the security of your money because the company provides extensive security measures and fraud prevention. For instance, Remitly requires that its users submit identification documentation and a security protection of 256-bit SSL encryption with a 2048-bit signature. They are registered with the Money Services Business with the U.S. Department of Treasury as well. To make yourself feel even more assured, they are also licensed as a money transmitter and in Canada are allowed to operate in all provinces except for Quebec. In the UK and the US, they are authorized to operate in the entirety of both countries. In case you are not satisfied with their services Remitly will refund you their fees in full so you have a 100% satisfaction guaranteed.
Conclusion
Remitly services are known to be fast, secure, and cheap and a great money transfer service if you work abroad and want to send money back home to support your loved ones back home. If the country you want to send to is supported, Remitly is totally worth checking out.
Remitly Blog
New Site Added: Remitly
by Justo
Jul 29, 2022
Founded in 2011 by Matt Oppenheimer, Shivaas Gulati and Josh Hug, Remitly is a digital remittance service that helps you send money abroad and makes the money transfer process faster, affordable, and more transparent. It operates in the United States, Canada, and the UK. 
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