Remitly

What is Remitly?

Remitly is a popular money transfer provider, serving over three million customers across the globe, Remitly is trusted and highly
credible, offers relatively lower fees and good exchange rates. It represents one of the least expensive international remittance
services. They charge no fees when transfers are for US$1001 or more and offer two services: Economy and Express. Express
transfers are instant, taking a few minutes to reflect in the recipient’s bank account, whereas Economy transfers take between
3-5 days.

What are the fees at Remitly?

Fees for transferring money varies with the recipient’s country and method of collection. An indicative sample of fees can be seen in
the table below.

Fees for sending money in yen to recipient in Japan

US$ 6.99

Fees for sending money to Philippines when your
recipient receives in Philippine Pesos

Received in Mobile Wallet : US$ 0
Received by bank deposit or debit card : US$ 0
Cash Pickup : $4.99

Fees for sending money to Indonesia

Fees for when your recipient receives in Indonesian Rupiah : US$ 2.99
Fees for when your recipient receives
in US Dollars : US$ 4.99

How to deposit funds for transfer?

You would need to complete the following steps to complete your profile and proceed with depositing funds for transfer:

Enter your name exactly as it appears on your valid ID. Remitly will also ask for your phone number and address.
Next, enter your date of birth. It’s important that you enter your correct birthdate as it appears on your identification, because
Remitly may need that information to verify your identity later.
Proceed to choose how you’d like to pay for your transfer. Enter your bank account information, your credit or debit card
information, or the details of another payment method. Your payment options may vary depending on where you’re sending
from, and you can always update your payment method for future transfers.

How to choose options for payout at recipient's end?

Sign in to the Remitly app or on Remitly.com.
Select Get Started on the app or Send money if you’re using your web browser.
Enter the amount you’d like to send. Remitly will automatically display the amount your recipient will receive in their local
currency.
Next, choose a delivery method.
If you selected Bank Deposit as your delivery method, you’ll need to enter some information about your recipient’s bank
account. If you selected Cash Pickup, Remitly will ask you to choose a pickup location that’s convenient for your recipient. If you
chose a different delivery option, Remitly might ask for their email address or other details.
Now it’s time to enter information about your recipient. Remitly will ask for their name and — if you’d like to notify them when
the transfer has arrived — their phone number.

Which countries does Remitly cover?

Remitly covers more than 145 countries globally. A small sample of countries covered including:

India
Philippines
Indonesia
Nepal
Japan

How do I sign up for Remitly?

You need to create your account to start sending money internationally.

To join on Remitly.com :

Select Join Now
Enter your email address and password
Select Join

To join using the Remitly app:

Download the Remitly app in the App Store or Google Play Store
Enter the country you’re Sending from, where you’re Sending to, and select Next
Enter your email address
Select Join Remitly

What documents are required to process a transfer at Remitly?

Proof of Identity – This must be a government-issued identification that includes your picture, your full name, and your date of birth. Common picture IDs like a driver’s license, passport, or visa will work just fine. Before you upload a picture of one of these documents, make sure it hasn’t expired. Proof of address – These documents can be a recent statement or bill from your bank or utility company that includes your name and current address. These documents must include your home address and can’t be addressed to a post office box. If you want to send more than:

$2,999 in 24 hours
$10,000 in 30 days or
$18,000 in 180 days

You will need to provide the following information:

SSN (Social Security Number) / TIN (Tax Identification Number) or any similar document specific to sender’s country
proof of funds (e.g. payslip)
identity documents with a government-issued photo ID (limits and documents vary country by country)