Remitly
8.2#5 in money transfer apps$2.99 one-timeFree planAndroidiOS
VisitRemitly vs Wise
What both publish
| Fact | Remitly | Wise |
|---|---|---|
| Exchange-rate model | variable | mid_market |
| Founded | 2011 | 2011 |
| Headquarters | Seattle, Washington, USA | London, United Kingdom |
| Mobile platforms | The app is available on iOS through the App Store and on Android through Google Play. | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Recipient methods | Recipients may receive money by bank account, mobile wallet, cash pickup, mobile money, home delivery, or debit card deposit. | bank |
| Regulatory status | Remitly says it meets regulatory standards worldwide and is licensed as a money transmitter in listed U.S. jurisdictions. | Wise says it is licensed in most states and regulated by authorities worldwide. |
| Transfer speed | instant | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | Users can follow transfers in real time through the app, website, email, or SMS notifications. | The app shows the list and current status of transfers users have set up. |
| Upfront fee display | Yes | Yes |
Remitly plans
- Bank depositFree
- Cash pickup$2.99, paid once
- New customer promotional rate—
Wise plans
- Wise personal account and transfersFree
Pick Remitly if…
Remitly suits people sending money internationally who want to see the exchange rate, fees, and total cost before sending. It also fits recipients who prefer to collect funds without creating an account or downloading an app.
Pick Wise if…
Wise suits people sending money to overseas bank accounts or receiving payments from abroad. It may also suit users who want to track or schedule transfers and receive exchange-rate alerts.