Why did Remitly cancel my transaction?

Remitly may have cancelled your transaction for a variety of reasons, including: You had insufficient funds in your bank account to pay for the transaction. Your account or transaction was flagged for suspicious activity. The name on your account didn’t match your payment details. The recipient’s bank refused the transaction. If your transaction has been cancelled, contact Remitly customer support to find out the next steps.

Which is better, Remitly or Xoom?

Remitly and Xoom excel for different reasons, but overall we found that Remitly offers lower fees and stronger exchange rates. Read our Remitly vs Xoom comparison to learn more about how these two match up.

How does Remitly make money?

Remitly makes money in two ways: Fees: Remitly charges a fee to use its money transfer service. Mid-market markup: Remitly makes a small percentage on transfer by adding a margin to the mid-market rate.

Is Remitly a good app to send money?

Remitly’s mobile app has both face and fingerprint recognition to keep your account decure. It also enables you to check Remitly’s current exchange rates on the go and share order details with your contacts.

Who is Remitly owned by?

Remitly become a public company in September 2021. It’s common stock is traded on the Nasdaq Global Select Market.

Is Remitly a US company?

Remitly’s headquarters are located in Seattle and its stocks are traded on the Nasdaq Global Select Market.

Which countries use Remitly?

Remitly supports money transfers from 17 sending countries including: Australia, Austria, Anguilla, Antigua and Barbuda, Azerbaijan, Belgium, Barbados, Bermuda, Bosnia and Herzegovina, Brunei Darussalam, Democratic Republic of Congo, Dominica, Canada, Eritrea, Finland, France, Germany, Hong Kong, Ireland, Italy, Kazakhstan, Kiribati, Lebanon, Liberia, Luxembourg, Maldives, Mauritania, NamibiaNetherlands, Saint Kitts and Nevis, Saint Lucia, Singapore, Spain, Tajikistan, Timor Leste, Trinidad and Tobago, Turkmenistan, Turks and Caicos Islands, UK and USA.

Remitly is not a bank, it is a specialised online money transfer provider. As a result, you will typically find that its fees are cheaper and its exchange rates are stronger than if you were to send money abroad using your bank.

How to avoid Remitly fees?

If you aren’t too concerned about how quickly your money needs to arrive, you can opt for Remitly’s Economy service which typically doesn’t charge a transfer fee. However, it is most likely that Remitly’s exchange rate will include so some of markup from the interbank rate.

How do I track my Remitly transfer?

To track your Remitly transfer you’ll need to log into your account or contact customer service by phone. If you login online, you just need to visit the Transfer history section to view the status of past and current transfers.

Is Remitly better than Western Union?

Remitly typically offers lower fees and exchange rates than Western Union. However, Western Union has a more extensive range of currencies. Read our Remitly vs Western Union comparison to learn more about how these two match up.