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.


Send 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


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. It charges a $4 fee for transfers below $500.

Why pick XE Money Transfers instead?

  • Low fees
  • Competitive rates
  • Limit orders and forward contracts

Downsides

  • Bank transfers only
  • Missing some major currencies


Wise logo

Wise

Wise 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 Wise 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

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. Alternatively, learn more about Remitly in our review.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 0.00 0.717 USD
7,168
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.719 USD
7,193
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.719 USD
7,187
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.719 USD
7,191
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.72 USD
7,196
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.719 USD
7,189
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Within an hour AUD 3.99 0.713 USD
7,129
Use code Take10AUD to get $10 off when you spend $20. Valid till 31 January 2022. T&Cs apply.
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.719 USD
7,156
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.721 USD
7,171
Exclusive: Use code FINDER60 to get AUD 30 off your first two transfers. Valid for transfers over AUD 250 and till 31 January 2022. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 day AUD 52.00 0.718 USD
7,145
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 10 Within an hour AUD 2.99 0.714 USD
7,137
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.719 USD
7,188
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details

Compare up to 4 providers

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

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

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

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