When it comes to sending money overseas, Remitly: Send Money & Transfer is a great option for Android users. This finance app allows you to easily send money from the comfort of your own home or on-the-go with just a few taps on your mobile device.
Features
User-Friendly Interface
One of Remitly's standout features is its easy-to-navigate interface. The app guides you through each step of the transfer process, making it simple and stress-free.
Fees and Exchange Rates
Remitly offers competitive exchange rates and low fees. You can easily see the exact fees and exchange rate for your transaction before you even confirm it. Additionally, the app allows you to choose whether you want to pay with your bank account or debit card.
Flexible Payment Options
Remitly offers various payment methods, including bank account transfers, credit or debit card payments, and even Apple Pay. This flexibility allows you to choose the payment method that best suits your needs.
Multiple Currencies
The app supports transfers to over 40 countries around the world in multiple currencies, making it a convenient option for those with international ties.
Pros
Quick and Simple Transactions
The straightforward design of the app allows for quick and simple transactions. You can set up transfers in just a few minutes.
Competitive Exchange Rates and Fees
Remitly's rates are highly competitive, giving you more bang for your buck. Additionally, the fees charged by the app are lower than those offered by many other international money transfer services.
Various Payment Methods
Remitly's flexibility in payment options allows users to choose a payment method that suits their needs best. This convenience makes for quick and efficient transfers.
Cons
Not Available Everywhere
Remitly is not available for use in every country. If you live in a country where the app is not supported, you will need to look for alternative money transfer apps.
Transfers Not Instant
Although the process is pretty quick, transfers are not made instantly, which may be an issue if you are short on time.
Transaction Limits
The app has transaction limits that might be an impediment for those who want to send larger amounts of money.
Comparison with Similar Apps
Remitly competes with similar finance apps such as PayPal, TransferWise, and WorldRemit. In comparison, Remitly fees and exchange rates are highly competitive. TransferWise boasts more currencies and routes but has stricter ID requirements that can be a hassle for some users. WorldRemit is one of the most comprehensive apps in terms of overall scope, while PayPal is more well-known and widely used throughout the world.
Tips for Using the App
One tip when using Remitly is to double-check all the input details before confirming the transfer. Additionally, make sure to factor in the time it takes for the transaction to go through when planning out the timing for payments.
Conclusion
Remitly:Send Money & Transfer is a solid option for those looking for an easy and reliable way to send money overseas. With its user-friendly interface, competitive exchange rates, and various payment options, this app is a great choice for international money transfers. Although there are some limitations regarding where it can be utilized and transaction limits, the features outweigh the cons. Overall, we recommend giving Remitly a shot next time you need to send money overseas.
Updated 05-05-2023
Overview
When it comes to sending money overseas, Remitly: Send Money & Transfer is a great option for Android users. This finance app allows you to easily send money from the comfort of your own home or on-the-go with just a few taps on your mobile device.
Features
User-Friendly Interface
One of Remitly's standout features is its easy-to-navigate interface. The app guides you through each step of the transfer process, making it simple and stress-free.
Fees and Exchange Rates
Remitly offers competitive exchange rates and low fees. You can easily see the exact fees and exchange rate for your transaction before you even confirm it. Additionally, the app allows you to choose whether you want to pay with your bank account or debit card.
Flexible Payment Options
Remitly offers various payment methods, including bank account transfers, credit or debit card payments, and even Apple Pay. This flexibility allows you to choose the payment method that best suits your needs.
Multiple Currencies
The app supports transfers to over 40 countries around the world in multiple currencies, making it a convenient option for those with international ties.
Pros
Quick and Simple Transactions
The straightforward design of the app allows for quick and simple transactions. You can set up transfers in just a few minutes.
Competitive Exchange Rates and Fees
Remitly's rates are highly competitive, giving you more bang for your buck. Additionally, the fees charged by the app are lower than those offered by many other international money transfer services.
Various Payment Methods
Remitly's flexibility in payment options allows users to choose a payment method that suits their needs best. This convenience makes for quick and efficient transfers.
Cons
Not Available Everywhere
Remitly is not available for use in every country. If you live in a country where the app is not supported, you will need to look for alternative money transfer apps.
Transfers Not Instant
Although the process is pretty quick, transfers are not made instantly, which may be an issue if you are short on time.
Transaction Limits
The app has transaction limits that might be an impediment for those who want to send larger amounts of money.
Comparison with Similar Apps
Remitly competes with similar finance apps such as PayPal, TransferWise, and WorldRemit. In comparison, Remitly fees and exchange rates are highly competitive. TransferWise boasts more currencies and routes but has stricter ID requirements that can be a hassle for some users. WorldRemit is one of the most comprehensive apps in terms of overall scope, while PayPal is more well-known and widely used throughout the world.
Tips for Using the App
One tip when using Remitly is to double-check all the input details before confirming the transfer. Additionally, make sure to factor in the time it takes for the transaction to go through when planning out the timing for payments.
Conclusion
Remitly:Send Money & Transfer is a solid option for those looking for an easy and reliable way to send money overseas. With its user-friendly interface, competitive exchange rates, and various payment options, this app is a great choice for international money transfers. Although there are some limitations regarding where it can be utilized and transaction limits, the features outweigh the cons. Overall, we recommend giving Remitly a shot next time you need to send money overseas.