REMITLY - All required important information of a leading money transfer service provider (2024)

Brief Summary for Remitly (CAD to INR)

Remitly is a well-known international remittance service provider that allows individuals to send money from Canada to India with favorable exchange rates for converting Canadian Dollars to Indian Rupees. Customer satisfaction is a top priority for the company, and it ensures that transactions are safe and encrypted. With efficient payment methods, Remitly is an excellent option for international money transfers, and it has received positive reviews from its customers. As a reliable peer-to-peer currency exchange platform, Remitly provides a fast, secure, and cost-effective solution for both individuals and businesses who need to make international money transfers.

Remitly offers several payment methods with best CAD to INR exchange rates. You can either choose to make a card payment, that is, you can use both debit or credit card, or you can choose direct debit. The receiver will get the funds in their bank account, as they do not have any cash pick-up points in India. Irrespective of the payment method, the receiver will get the fund in their bank account in about 4 to 5 business days. You can send up to $9999. For Direct Debit, there is a fee of $1.99 CAD for transactions between $10 and $499 CAD, and there is no fee for transactions between $500 and $9999 CAD. A noteworthy point is that the card transfer may not have competitive exchange rates compared to its counterparts, and the currency exchange rate may vary depending on the amount being transferred.

Remitly is a well-known company that provides worldwide money transfer services with favorable rates for converting Canadian Dollars to Indian Rupee. Additionally, Remitly offers referral programs and loyalty promotions to its current customers who intend to transfer funds to India.