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 five other sites like Remitly to see if there’s a better option available for your transfer.
Wise is a popular international money transfer service well known for providing the mid-market exchange rate on transfers. You can send funds in 50+ currencies, and large transfer amounts of up to $1,500,000 are supported. Best of all, Wise offers a user-friendly online portal and mobile app, plus extra features like a multi-currency account and international debit card.
Details
Transfer cost: You get the mid-market exchange rate on transfers, with no rate markup to worry about. Transfer fees start at 0.33% and vary depending on the amount you send and how you pay. When you send the equivalent of over 20,000 GBP in a calendar month, you also qualify for lower fees.
Payment options: Credit card, debit card, bank transfer, Interac e-Transfer, online bill payment, direct debit (EFT).
Receiving options: Bank account, Alipay (China only).
Lots of positive customer reviews
Get the mid-market exchange rate
Send money to over 75 countries
Transparent fees
Can only send to bank accounts in most countries
Transfer fees apply
Transfer Amount
$1 – $1,500,000
Payout Method
Bank account Alipay (China only)
Pay By Method
Credit card Debit card Bank transfer Interac e-Transfer Online bill payment Direct debit (EFT)
Transfer Methods
Through app Online
Wise app store reviews
Apple App Store
4.8 out of 5 stars, based on over 24,000 Wise app reviews
Google Play
4.8 out of 5 stars, based on over 1.09 million Wise app reviews
Reviews as of November 19, 2024. Apple App Store listings are from the Canadian store.
Canadian company Xe offers international money transfers to 200 countries in 100 currencies. It provides competitive exchange rates, and there's no fee on transfers of $1,000 or more if you pay by bank transfer. Advanced transfer tools and hedging options like forward contracts are also available.
Details
Transfer cost: An exchange rate markup applies but varies depending on the currency. The transfer fee varies depending on how you pay, the currency you send and the destination country.
Payment options: Bank or wire transfer, EFT, debit card, credit card, Interac (CAD only), bill payment.
Receiving options: Bank account, mobile wallet, cash pickup.
Send to countries all over the world
Wide range of payment and delivery methods
Highly rated mobile app
Competitive exchange rates
You can send up to $560,000 per transaction
Exchange rate markup applies
Transfer fee also applies
Transfer Amount
$1 – $560,000
Payout Method
Bank account
Pay By Method
Credit card Debit card Bank transfer
Transfer Methods
By phone call Through app Online
Xe app store reviews
Apple App Store
4.8 out of 5 stars, based on over 37,000 Xe app reviews
Google Play
4.7 out of 5 stars, based on over 257,000 Xe app reviews
Reviews as of November 19, 2024. Apple App Store listings are from the Canadian store.
If you want to send personal or business transfers over $10k: OFX
OFX has been offering international money transfers for over 25 years. It lets you send money online or via a mobile app to 170+ countries, while tools like limit orders and forward contracts help you secure the exchange rate you want. And if you want to save on transfer costs, there are no fees when you send more than $10,000.
Details
Transfer cost: no fees when you send more than $10,000, but a $15 fee may apply to transfers of less than $10,000. The exchange rate markup is typically 1.5% or less.
Payment options: Debit card, bank transfer.
Receiving options: Bank account.
no fees when you send more than $10,000
Send to 170+ countries
Established provider
Supports personal and business transfers
No maximum transfer limit
Send to bank accounts only
$15 fee may apply to smaller transfers
$200 minimum transfer amount
Transfer Amount
$200 – Unlimited
Payout Method
Bank account
Pay By Method
Debit card Bank transfer
Transfer Methods
By phone call Through app Online
OFX app store reviews
Apple App Store
4.8 out of 5 stars, based on over 900 OFX app reviews
Google Play
4.6 out of 5 stars, based on over 3,900 OFX app reviews
Reviews as of November 19, 2024. Apple App Store listings are from the Canadian store.
MoneyGram is a well-known international money transfer service with a network of over 400,000 locations locations around the world. It supports transfers to over 200 countries and territories, so it has a wider scope than Remitly, and it's best known for fast cash pickup transfers. However, there are multiple payment and receiving options available for maximum flexibility.
Details
Transfer cost: An exchange rate markup applies, but the size of the markup can vary markedly depending on the currency being sent. Fees also vary depending on the payment method, receiving method and where you send money.
Payment options: Cash, credit card, debit card, bank transfer.
Receiving options: Cash pickup location, bank account, mobile wallet, home delivery.
Send money all around the world
Cash pickups available within minutes
Wide range of payment and delivery options
User-friendly app
Watch out for transfer fees
High exchange rate markup may apply
Inconsistent markup on exchange rates
Low maximum transfer limit
Transfer Amount
$1 – $990
Payout Method
Cash pickup location Bank account Mobile wallet Home delivery
Pay By Method
Cash Credit card Debit card Bank transfer
Transfer Methods
In person Online
MoneyGram app store reviews
Apple App Store
4.8 out of 5 stars, based on over 28,000 MoneyGram app reviews
Google Play
4.8 out of 5 stars, based on over 69,000 MoneyGram app reviews
Reviews as of November 19, 2024. Apple App Store listings are from the Canadian store.
Like Remitly, WorldRemit offers international transfers from a user-friendly app, allowing you to send funds to a long list of destinations. You can send money to over 130 countries, and receiving methods like cash pickups and mobile wallet transfers allow your recipient to get the money within minutes.
Details
Transfer cost: A base fee of $2.99-$4.99 applies, but the fee varies depending on where you send money as well as the payment and receiving method. We found that the exchange rate markup ranged from 0% to 2.9% when we checked across multiple currencies.
Payment options: Credit card, debit card, bank transfer, Apple Pay.
Receiving options: Cash pickup location, bank account, mobile wallet, home delivery, prepaid phone credit.
Wide range of payment and delivery options
Supports a long list of currencies
Get money to your recipient within minutes
24/7 multilingual chat support
Fees and rates can vary widely depending on your transaction
No currency hedging options
Maximum transfer amount of $40,000 means it's not suitable for large transactions
Transfer Amount
$1 – $40,000
Payout Method
Cash pickup location Bank account Mobile wallet Home delivery Prepaid phone credit
Pay By Method
Credit card Debit card Bank transfer Apple Pay
Transfer Methods
Through app Online
WorldRemit app store reviews
Apple App Store
4.7 out of 5 stars, based on over 47,000 WorldRemit app reviews
Google Play
4.6 out of 5 stars, based on over 212,000 WorldRemit app reviews
Reviews as of November 19, 2024. Apple App Store listings are from the Canadian store.
Still looking for other options?
Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
If you’re searching for fast or cheap international money transfers, there are plenty of apps like Remitly that can help. Compare money transfer services to find the best deal for the specific transfer you want to send.
Frequently asked questions
Yes, Remitly does work in Canada. It offers competitive exchange rates on international transfers, supports a wide range of payment and receiving methods, and lets you send money to over 170 countries and territories around the world.
Yes, the Remitly app is free to download from the Apple App Store for iOS devices and from Google Play for Android devices.
Remitly lets you send money from Canada to over 170 countries and territories around the world. Check out our full Remitly review for details of where you can transfer money.
There are several other apps like Remitly that make it quick and easy to send international money transfers. But as for deciding which app is best for you, the cost of sending money will vary depending on factors such as how you pay, how the money is received, where you're sending money to and the amount you transfer. Compare apps based on your specific transfer needs before deciding which one is right for you.
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio
An international money order may not be the best option for sending money overseas. Learn more about money orders in Canada, and find out about other ways to transfer funds abroad.
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