Sites like Remitly

Need to send money overseas? Check out some alternatives to Remitly to see if you can get a better deal.

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Remitly aims to offer quick and cheap international money transfers, with a focus on remittances throughout Asia. It's known for low minimums, cash pick-ups in destination countries and quicker express transfers, but isn't always the cheapest and doesn't always have the best rates.

Compare other sites like Remitly to see if there's a better option available for your transfer.


SendFX logo

Send

MoneyGram has almost the same range of countries and currencies as Western Union but tends to be cheaper, and it has a wider scope than Remitly. Much like Remitly, it's known for low minimums, cash options and fast transfers.

Send is an Australian-based company that specialises in larger transfers, so will often be better value than Remitly if you need to send a lot. There are no extra fees added on when you make a transfer, but there'll be a margin added onto the exchange rate.

Why pick Send instead?

  • No extra fees
  • Better for larger transfers
  • Dedicated account manager assigned to you/li>

Downsides

  • Newer company, so not as established
  • Bigger margins on exchange rates
  • Can only send to bank accounts


MoneyGram logo Image: Supplied

MoneyGram

MoneyGram has almost the same range of countries and currencies as Western Union but tends to be cheaper, and it has a wider scope than Remitly. Much like Remitly, it's known for low minimums, cash options and fast transfers.

Why pick MoneyGram instead?

  • Offers a wider range of currencies and countries
  • Cash accepted at MoneyGram affiliates
  • Offers minimum transfers as low as $1

Downsides

  • Higher fees
  • Bigger margins on exchange rates


TorFX logo Image: Supplied

TorFX

TorFX is a digital money transfer service. It's different to Remitly in that it only allows bank-to-bank transfers, has higher limits and has no fees.

Why pick TorFX instead?

  • No transfer fees
  • Competitive rates
  • Price match competitors' exchange rates
  • Forex tools such as forward contracts and limit orders

Downsides

  • Bank-to-bank transfers only
  • Can take several days and has no express option
  • Higher minimums mean it doesn't suit all smaller transfers


WorldFirst Image: Supplied

WorldFirst

WorldFirst offers no fees and competitive rates and unlike some other digital money services, it can still do same-day transfers to some currencies.

Why pick WorldFirst instead?

  • No fees
  • Competitive rates
  • Potential for same-day transfers
  • Wide range of currencies and countries

Downsides

  • Bank account transfers only
  • High $2,000 minimum transfer size


OFX logo Image: Supplied

OFX

OFX is a large and well-known transfer service, focused largely on business transfers. But you can also use it for personal money transfers to take advantage of its competitive rates. Its $250 minimum transfer size is larger than some, but still much more accessible than many other providers.

Why pick OFX instead?

  • No fees on transfers above $10,000
  • Competitive rates
  • Wide range of currencies and countries

Downsides

  • Flat $15 fee on transfers under $10,000
  • Bank transfers only
  • $250 minimum transfer size


XE logo Image: Supplied

XE

XE Money Transfers is focused on offering competitive rates across a wide range of currencies and countries, although there are some gaps in its offerings. Unlike Remitly, it doesn't charge any fees.

Why pick XE Money Transfers instead?

  • No fees
  • Competitive rates
  • Limit orders and forward contracts

Downsides

  • Bank transfers only
  • Missing some major currencies


TransferWise logo Image: Supplied

TransferWise

TransferWise is one of very few providers to offer money transfers at mid-market rates. Instead of benefiting from foreign exchange margins, its fees consist of a percentage of your transfer, plus a few dollar flat fee.

Why pick TransferWise instead?

  • Mid-market rates
  • Transparent fees
  • Low minimum transfer limit

Downsides

  • Not always more cost-effective than paying a margin on exchange rates
  • Fees can get high for larger transfers, as its a percentage
  • Bank-to-bank transfers only


InstaReM logo Image: Supplied

InstaReM

InstaReM only offers zero-margin transfers for some currencies and during certain hours. The company doesn't make it clear which currencies and hours this applies to, but the fee schedule is clear and simple to understand. However, it has a limited range of currencies and offers bank-to-bank transfers only.

Why pick InstaReM instead?

  • No margin on exchange rates — applicable only for certain currencies and certain trading hours.
  • Competitive fees

Downsides

  • $200 minimum
  • Limited range of currencies and countries


Western Union logo Image: Supplied

Western Union

Western Union is the world's oldest and largest money transfer service. Like Remitly, it's known for low minimums and cash pick-up options and is largely focused on handling remittances.

Why pick Western Union instead?

  • Offers a wider range of currencies
  • Delivers to a wider range of countries
  • Lets you make cash deposits as well as pick-ups
  • Offers minimum transfers as low as $1

Downsides

  • Higher fees
  • Poor rates


Still looking for other options?

Enter your transfer details into the calculator below. It will work out how much your transfer may cost with a range of money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.693 USD
6,926
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 AUD 0.00 0.693 USD
6,926
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.693 USD
6,926
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.693 USD
6,926
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.693 USD
6,926
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
AUD 1 1 day AUD 52.00 0.695 USD
6,917
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 0 Same day AUD 2.99 0.688 USD
6,875
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
AUD 1 1 day AUD 0.00 0.692 USD
6,919
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.688 USD
6,883
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.687 USD
6,867
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Related Posts

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
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.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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