REMITLY - All required important information of a leading money transfer service provider (2020)
Pros and Cons, Brief Summary and much more information
- Transfer amount as low as $10
- Often best exchange rate for slow transfers
- Instant transfer using debit card at little lower rate
- No transfer fees above $999
- Special exchange rates for first time users upto $2999
- Excellent customer reviews
- Strict monthly limits on transferable amount
- Lower exchange rates for fast transfers
- Longer transfer time for higher exchange rates
|Transfer Fees||$3.99 on $10-999$0 on $1000-30000|
|Transfer Time||3-5 Days|
|Max Transfer Amount||$30000|
|Min Transfer Amount||$10|
|Sending Methods||Bank ACHDebit CardCredit Card (Not recommended-Remittance often treated as cash advances)|
|Receiving Methods||Direct Bank Deposit|
|Customer Service Information||Email: firstname.lastname@example.orgNumber (US): +1-888-736-4859|
How to Send Money with Remitly
Remitly is a remittance service provider that ensures faster, safer, affordable and transparent transfer of money worldwide. It has a reliable and easy-to-use mobile app which makes it efficient to send money online by eliminating the forms, codes, agents, extra time and fees typical to a traditional, century-old money transfer process. The company is headquartered in Seattle, with additional offices in London, Philippines, and Nicaragua. Remitly allows transfers to more than 40 countries around the world. Remitly offers express service where the transactions will be made quickly, and the funds will be received within minutes. The express transfer service comes with a nominal cost which will be paid by the user and also, the exchange rate will be re-adjusted according to their currency conversion. There is a standard transfer service as well in which the funds will be received within 3-5 business days. They also have various payment options including credit or debit card and bank account. The pick-up options depending on the country are bank transfer, pick-up from a store, mobile payment and home delivery. However, the users may be charged a nominally higher fee if the transfer method is through credit card to offset the charges with the credit card companies as they treat the remittance as a cash-advance transaction. On the first money transfer transaction with this remittance service, they offer higher exchange rates which are often closer to the exact currency conversion. There is also a refer a friend program in which the users receive a cash bonus if their friend makes a successful money transfer using Remitly.
Remitly is an online remittance service that specializes in helping Indians staying in the United States to transfer money to India. You can send up to $30,000 from United States to India in a single transfer. Remitly ensures fast deposits and on-time delivery. They often provide the best exchange rates for currency conversion while also providing safe and secure remittance service for sending money to India. Also, there is no transfer fees for transactions above $1000 USD. If you choose their express money transfer service then, money will be available within 4 banking hours. Economy money transfers take 3-5 business days but have a better USD to INR exchange rate. Remitly gives you nationwide coverage in India, you can transfer money easily to various bank accounts at ICICI, SBI, Citi Bank, Axis Bank and many more. This remittance service is an international money transfer service business registered with the US Department of Treasury and authorized to do business in all 50 states.
Steps to send money to India using Remitly
Go to https://remitanalyst.com/send-money-to-india-usd-to-inr/remit-profile/remitly & click “Send”
If you’re a first-time user click “Join Now”, otherwise click “Sign In”
“Sign Up” page for first time user
Select “Source and Destination countries”, enter the “Amount” you want to send & select “Payment Method”
Select preferred option for “Delivery method” & “Delivery location”
Fill out “Recipient’s Bank Account Details” & “Contact Information”
Fill out “Sender’s Basic Information”
Select the “Payment details”
Fill out “Sender’s Bank Details” or “Debit/Credit Card Details”
Carefully review “Recipient’s Details”, “Sender’s Details” & “Payment Details” to complete the transaction
Track all your transfers in “Transfer History”
Visit https://remitanalyst.com/send-money-to-india-usd-to-inr/remit-profile/remitly to get all required information about Remitly
Remitly FAQs (Frequently Asked Questions)
Send Money to India from US
How much fees does Remitly charge?
What is the minimum amount I can transfer with Remitly?
What is the maximum I can transfer with Remitly?
How long does it take to send money online with Remitly?
What are the payment methods that Remitly supports?
What are the receiving methods that Remitly support?
At what rate will Remitly transfer my money?
How do I set up a transfer with Remitly?
Can I cancel my transfer with Remitly?
When is the best time to set up a transfer with Remitly?
From which countries can you send money using Remitly?
To which countries can you send money using Remitly?
Does Remitly offer a cash pick-up facility?
How often does Remitly offer bonus coupons?
How secure is my transaction with Remitly?
Does Remitly have a mobile app?
What are Remitly’s Customer Service information?
What are Remitly’s Customer Service hours?
For More Questions
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Seattle based startup Remitly is launching a new product 'Passbook', a new bank aimed at immigrants that lets a person use a wide number of picture IDs — whether they are from the US or not — to sign up. The service is starting first in the US.
Remitly is raising new funding to tackle the $700 billion money-transfer market. It secured $135 million in equity financing and $85 million in debt at a valuation of $1 billion. To date, Remitly has raised $312 million in equity investment.
Visa announced today that it will power real-time P2P for global remittance firm Remitly via its Visa Direct platform. Remitly users in the U.S. will be able to send funds from the United States to eligible Visa debit card holders across borders.