Remitly wire transfer: Fees, limits, and rates

Remitly money transfer is a popular online payment platform. You can send money to over 170 countries, including bank transfers to friends and family.¹

Let’s take a closer look at Remitly wire transfers, including fees, limits, and rates for Remitly international money transfers.

We'll also introduce Wise — your international money transfer alternative. Use Wise to send stress-free transfers to over 140 countries - all at the standard mid-market exchange rate.

Learn more 🔎

Can I send a wire transfer with Remitly?

Remitly may not offer traditional bank wire transfers, as the platform is a digital financial services provider, not a bank.

However, you can still use the Remitly app to send money via international bank transfer to friends and family outside the US.

The provider specializes in global transfers to people you know. You can send money for personal payments like gifts, family support, travel costs, or bills.

Remitly doesn’t typically support commercial transfers, but you can use the app to make some transactions in exchange for goods or services, such as clothes, electronics, or loan payments.²

Here are some of the transfer methods available to Remitly customers:

• Bank transfer
• Cash pickup
• Cash home delivery
• Mobile wallet³

These transaction methods may differ depending on where you want to send your money. Look into all your options before initiating your first payment.

Remitly is generally considered very safe for bank transfers, as the provider carefully reviews all international money transfers to safeguard your funds.²

That said, you should only use Remitly to send money to people you know. Always check your recipient’s details before transferring large sums abroad.

Remitly transfer fees and charges

You’ll need to consider how much it costs to send your wire transfer. Your Remitly money transfer fees will likely depend on where and how you want to transfer your funds.

Remitly’s pricing structure is a little misleading, as the provider claims to offer zero fees for overseas transfers. However, this only applies to first-time customers.

For future transfers, you’ll pay Remitly’s regular international money transfer fees. These differ by location.

For example, if you want to send money to Mexico from the US, you’ll pay 1.99 USD per bank deposit, debit card deposit, or mobile wallet payment. You’ll pay 3.99 USD for cash pickup.⁴

This pricing structure compares to some of Remitly's competitors, who use a fair and clear pricing structure to ensure you always know how much you're spending.

Remitly exchange rate

Remitly’s exchange rates are also confusing. The provider offers a special promotional rate for first-time customers, but you’ll pay Remitly’s regular exchange rate for any future transfers.

Remitly’s promotional rate is likely to be close to the standard interbank mid-market exchange rate. This is the only “fair” rate out there, with no added markups or hidden fees for currency conversion.

However, Remitly’s regular exchange rate includes a markup. This can add a significant cost to any international transactions.

The provider’s promotional rate also applies only to a specific transaction limit. For transfers to Mexico, you can send up to 1,000 USD at the special zero-fee rate.

If you send 1,000 USD to Mexico, your recipient will receive 18,450 Mexican pesos (MXN) at Remitly’s special rate (as of October 20, 2025).

At Remitly’s regular exchange rate, your recipient will receive 18,100 MXN.⁴ That’s quite a difference!

Make fast, secure and low cost international transfers with Wise

Send money to 140+ countries with the mid-market exchange rate and low, transparent fees with Wise. Set up a free Wise account online or in the Wise app, to transfer money fast in 40+ currencies.

Over 50% of Wise payments arrive instantly* — and all Wise transfers are deposited directly into your recipient's bank account for convenience.

No ongoing fees, no hidden charges and no hassle — just fast, transparent international transfers that can beat the banks.

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*Transaction speed claimed depends on funds availability, approval by Wise’s proprietary verification system and systems availability of our partners’ banking system, and may not be available for all transactions.

How do you make a wire transfer with Remitly?

It’s easy to send a bank transfer via Remitly. Here’s a simple step-by-step guide:

Step 1. Sign up for Remitly online or via the Remitly app

Step 2. Choose your destination country and enter your transfer amount

Step 3. Choose to send your money via bank transfer or deposit

Step 4. Follow Remitly’s prompts to enter your recipient’s bank details

Step 5. Check your transfer details, view your exchange rate fees, and confirm that you wish to proceed with the transaction

Step 6. Choose how to pay for your transfer — you can pay using a bank transfer, credit card, or debit card

Step 7. Once you’ve sent your money transfer, you can track its progress via the Remitly app or online portal⁵

You’ll need a few key pieces of information for your Remitly bank transfer, including your recipient’s³:

• name
• address
• phone number
• bank name
• account number

What is the maximum transfer limit for Remitly?

Remitly’s money transfer limit is 100,000 USD per transfer. This applies to any transfers from a US Remitly account.

The amount of money you can send via Remitly will depend on your location, account, and transfer type. For example, US customers can send 100,000 USD, whereas UK customers can send up to 75,000 GBP.

You may need to provide some additional information and documentation for large transfers, such as a valid form of government ID.⁶

🚀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 long does a Remitly transfer take?