Personal Finance Bank accounts

What is Remitly One? Membership features and fees

Alexis Konovodoff

14.10.25

Read time 4 minutes

If you regularly send money across borders, you may have heard about Remitly's new membership program. Remitly One promises to bundle several financial services into one monthly subscription for $9.99 USD.¹

But does this membership truly save you money, or are you better off sticking with individual services? We'll break down everything you need to know about Remitly One's features and costs, so you can make an informed decision on whether the monthly fee is worth it for you.

We'll also introduce the Wise account, which allows you to send, spend, and receive your money across the globe in over 40 currencies – all at the fair mid-market rate.

Learn more 🔎

Table of contents
What is Remitly One? Remitly One: Fees Everywhere money. Meet Wise: the world's most international account How to sign up for Remitly One Remitly One: Limits How to cancel your Remitly One membership Remitly One: FAQs

What is Remitly One?

Remitly One is Remitly's monthly membership program that combines a few different financial tools for people who live, work, or have family across different countries. It's supposed to represent Remitly's shift from a simple money transfer service to a comprehensive financial platform.

The membership costs $9.99 USD per month and gives you access to Remitly's financial products.¹ You can still use Remitly Global services without a membership, but subscribers get additional perks like faster access to cash advances and higher rewards on stored money.

As of September 2025, the program is only available to select US customers, with plans to expand availability throughout the country by the end of the year and beyond.¹

Key features

The Remitly One global financial membership is still a work in progress, and the company has announced its plans to include more features in the future.

Currently, the following features are available for members:¹²

Remitly Flex: Get instant access to cash advances up to $250 USD with no interest and flexible repayment terms within 90 days
Remitly Flex: Earn 4% annual rewards on USD balances stored in your Remitly wallet, calculated daily and paid weekly
Remitly Card: Spend wallet funds globally through a digital debit card with no foreign transaction fees
Cash back rewards: Earn 1% back on qualifying activities like setting up autopay or adding funds to your wallet, capped at $5 USD monthly

Remitly has also outlined several features coming to the platform, though the availability dates remain uncertain for most:¹

Multi-currency accounts: Hold different currencies, including USDC stablecoins, in your wallet
Credit building: Use your remittance history to establish US credit
Better perks: Access identity protection, credit monitoring, and exclusive member rewards
Global availability: Remitly plans to expand the membership program to customers outside the US

However, these features aren't available as of September 2025, so you're essentially paying for promises of future value.

Remitly One: Fees

Remitly One's $9.99 USD monthly membership fee covers your access to enhanced features, but you'll still pay all regular Remitly charges for money transfers.¹

This means that every transaction includes a transfer fee, an exchange rate markup, and potentially express delivery charges for faster service.

Overall, over a full year, you're paying ~$120 USD just for the privilege of accessing member benefits. To make this worthwhile, you need to either use the 4% wallet rewards heavily or rely frequently on the other perks.¹

However, the cash back program caps at $5 USD monthly, which means it would take 24 months of maximum rewards just to cover your annual membership cost.¹²

Everywhere money. Meet Wise: the world's most international account

If you’re looking for an alternative to Remitly which offers low cost, fast and easy international payments, the Wise account may be right for you.

The Wise Account lets you:
Get local account details to receive money in 11 currencies Spend like a local in over 150 countries with the Wise Multi-Currency Card Send money across currencies with the mid-market exchange rate and low, transparent fees* (and avoid hidden, costly transaction fees) Hold and convert money in 40+ currencies Manage your money online with the Wise app or website Opt in to the Wise interest feature to receive 3.66% annual percentage yield (APY) on your USD, GBP, and EUR (subject to change, certain limitations apply — see Program Agreement for more information)

The Wise Account lets you:

Get local account details to receive money in 11 currencies
Spend like a local in over 150 countries with the Wise Multi-Currency Card
Send money across currencies with the mid-market exchange rate and low, transparent fees* (and avoid hidden, costly transaction fees)
Hold and convert money in 40+ currencies
Manage your money online with the Wise app or website
Opt in to the Wise interest feature to receive 3.66% annual percentage yield (APY) on your USD, GBP, and EUR (subject to change, certain limitations apply — see Program Agreement for more information)

All Wise accounts are free to open, with low, transparent fees for currency exchange and transactions - no matter how often you use your account.

How to sign up for Remitly One

To get started with Remitly One, follow these steps:

Download the Remitly app, which is available for iPhone and Android devices

Create your Remitly account and verify your identity

Complete membership enrollment and add a payment method for the monthly $9.99 USD fee

Once your payment kicks in, you're all set to start using Remitly's financial membership.

If Remitly One is not available, you can likely sign up to be notified when more spots open.

💡 Want to skip the guesswork? Open a Wise account in just a few clicks and access your account benefits immediately. Plus, it's completely free.

Remitly One: Limits

Remitly typically allows transfers up to $100,000 USD from the US, but your individual Remitly limits can vary based on your destination country and transfer method.³

The company hasn't clarified whether Remitly One members receive higher limits, so it's likely safe to assume that you're working with the same caps as regular users.

Need to send a large amount? With Wise, you can send up to 1,000,000 USD per wire transfer to 140+ countries — and we automatically apply a discount when you send over 25,000 USD (or equivalent)*.

🚀Send high-amount transfers with Wise

*For more information, please visit https://payout-surge.live/us/large-amounts/%3C/a%3E.%3C/small%3E%3C/p%3E

How to cancel your Remitly One membership

Canceling your Remitly One membership isn't too difficult, but you'll need to time it right so that you're not charged for another month. Follow these steps:

Open the Remitly app and log into your account

Navigate to membership settings and look for "Manage My Membership" or something similar

Select "Cancel Membership" and confirm your cancellation

You need to cancel your Remitly One membership at least 3 business days before your next billing date to avoid charges.²

Your membership will then stay active until the end of your current billing period, and you'll always be able to use your regular Remitly account for money transfers.

Remitly One: FAQs

How does the Remitly One "credit-building" feature work?

This feature won't be available until spring 2026, so the details are limited.¹

In a nutshell, Remitly plans to partner with a bank to offer credit lines to US members. When you send money through Remitly, they'll report this activity to credit bureaus as part of your credit history. This could help immigrants and others with limited US credit history establish a credit profile.

However, the specifics about credit limits, interest rates, and reporting details haven't been announced as of September 2025.

What is the Remitly Flex feature?

Remitly Flex works like a payday advance for money transfers. You can borrow up to 250 USD with no interest to send money immediately, but you'll need to repay it within 90 days to remain eligible for future advances.¹²

Are there any hidden costs with Remitly One?

While not technically hidden, Remitly's exchange rate markups aren't usually clearly displayed upfront. You'll see the rate they're offering, but not how much markup they're adding above the mid-market rate.

The membership also doesn't cover any of your regular transfer costs, so you're paying the monthly fee plus all standard Remitly charges.

Remitly One bundles a few handy features into one financial membership, but the ~120 USD annual cost makes it pretty expensive for casual users.

If you're planning on keeping a high balance in your wallet and regularly need cash advances, it may work for you. However, the high fees and limited geographic availability make it less appealing than many alternatives.

For example, Wise offers similar (and, in some cases, superior) features for international money management without membership fees or exchange rate markups.

🚀 Get started with Wise

Sources

Remitly - Everything We Announced at Remitly Reimagine
Remitly - Remitly One Membership Agreement
Remitly - Send money online from the United States

Sources checked 10/3/2025

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.