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Remitly vs Ria

Both Remitly and Ria specialise in small remittances, but which one will get you a better deal?

Which international money transfer service offers the lowest fees, highest exchange rates and fastest transfers? We put Remitly and Ria to the test to help you decide which provider is right for you.

The fees and rates used in this comparison are accurate as of 6 March 2019.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2 1 - 2 days AUD 15.00 0.694 USD
684
Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Which has lower fees?

Remitly

Fees can vary anywhere from $0 to $99.99. It all depends on the currency, country, how much you're transferring and if you want an "economy" or "express" transfer. An express transfer is much faster, but the fee tends to climb up the more you send. Slower economy transfers generally range from $2 to $4 fees.

Ria

Similar to Remitly, fees change currency to currency, but they also depend on the payment method. Credit card payments have higher fees, while direct bank payments have the lowest fees. The fees start from around $2 to $45.

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Winner: Tie

Both providers offer such different fees depending on multiple variables. While the fees offered by Ria don't go as high as the Remitly fees, Ria doesn't let you transfer more than $5,000. Remitly allows you to transfer up to $18,000 and the higher fees are often for higher transfer amounts.

Let's crunch the numbers: Sending $1,000 to Philippines and Mexico

Let's do an international money transfer to put the two providers to the test. We'll test two currencies, to see what the differences are.

We'll use the express option for the Remitly transfer.

Sending $1,000 to the Philippines
Remitly Ria
Transfer fee $3.99 $2
Exchange rate 1 AUD = 36.14 PHP 1 AUD = 36.3 PHP
Transfer speed Same day Up to 4 days
Total Philippine pesos received PHP35,995.80 PHP36,227.40
Receiver gets PHP231.60 less PHP231.60 more
Sending $1,000 to Mexico
Remitly Ria
Transfer fee $5.99 $15
Exchange rate 1 AUD = 13.14 MXN 1 AUD = 13.18 MXN
Transfer speed Same day Up to 4 days
Total Mexican pesos received MXN13,061.29 MXN12,982.30
Receiver gets MXN78.99 more MXN78.99 less

Ria offers the better deal when exchanging Philippine pesos, while Remitly comes out on top when transferring Mexican pesos. This demonstrates why it's important to compare providers based on the currency and the whole cost, as it differs from currency to currency.

Which offers better exchange rates?

Remitly

Remitly adds a margin to its exchange rates, but there isn't a standard rule. It varies currency to currency.

For example, if you want to send money to Brazil:

  • Mid-market rate: 1 AUD = 2.717 BRL
  • Remitly's exchange rate: 1 AUD = 2.67 BRL

Making it a margin of 1.7%.

Ria

Ria also adds a margin to the exchange rate, which can be anywhere from 0.3% and 4%.

For example, if you want to send money to Brazil:

  • Mid-market rate: 1 AUD = 2.718 BRL
  • Ria's exchange rate: 1 AUD = 2.609 BRL

Making it a margin of 4%.

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Winner: Tie

Again, both Remitly and Ria have a similar system. They both add a margin to the exchange rates, but it varies depending on the currency. Sometimes Remitly offers a better rate, sometimes Ria does.

Which is faster?

Remitly

Remitly offers two transfer options: economy or express. Express gets your transfer there on the same day, often quite quickly, but you pay a higher fee. Economy typically takes two to five business days but it's cheaper.

Ria

If you pay by card, Ria transfers are done within minutes. However, it's more expensive to pay by card. If you do a bank transfer, the cheaper option, it can take up to four days.

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Winner: Tie

Both services have faster options that cost more, and both have slower options that take a similar time.

General features

Payment methods Receiving options Max and min Transfer speeds Currencies
Remitly Bank transfer, debit card, credit card Bank account, cash pick-up Minimum: $10

Maximum: $18,000

3 - 5 days 30+ currencies
Ria Bank transfer, credit card, debit card, cash Bank account, cash pick-up, door delivery Minimum: $2

Maximum: $4,999

1 - 2 days 95+ currencies

Remitly

To use Remitly, you sign up for a free account on its website or app. Once you've signed up, you just enter the amount you want to send, your recipient's details and your payment information. Remitly then sends the converted money where it needs to go.

Ria

Fill out the details of the receiver, add your payment info, select how you would like the recipient to get the money, and then hit send. Ria will convert and transfer the money.

Bottom line

Remitly and Ria are very similar services and are structured the same way, charging varied fees and a margin on the exchange rate. Remitly often beats out Ria slightly but it depends on the currency.

They also both offer speedier transfers for a higher cost and have regular transfers as well. The only key difference being that Ria has a smaller transfer limit but offers more currencies. The currencies Remitly offers are more exotic.

Looking for more options?

If Remitly or Ria don't seem like the right providers for you, you can compare other services below using our calculator to ensure you make the best decision.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 200 1 day AUD 0.00 0.705 USD
705
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day N/A N/A N/A Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
AUD 250 1 - 2 days AUD 15.00 0.705 USD
694
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
Go to site Show details
AUD 1 1 - 2 days AUD 4.50 0.716 USD
712
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 1 Within an hour AUD 3.99 0.714 USD
711
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 3,000 1 day N/A N/A N/A Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 1 1 day AUD 0.00 0.705 USD
705
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details
AUD 200 1 - 2 days AUD 5.00 0.715 USD
711
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

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Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

WorldFirst International Money Transfers

Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

TransferWise International Money Transfers

Make online transfers at the mid-market rate with transparent fees in 45+ currencies.

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