Remitly or Wise? (2025) | Don't Waste Your Money!

Introduction

In this tutorial, we will compare two popular money transfer apps, Remitly and Wise, to help you decide which one is best for your international money transfer needs. We will evaluate key features including transaction fees, security, and availability. By the end, you'll have a clearer understanding of which service aligns with your requirements.

Step 1: Evaluate Key Features of Remitly and Wise

Understanding the core features of each app is essential for making an informed decision.

• Remitly Features

  • Fast transfers with options for express or economy delivery.
  • Various payment methods including bank transfer, debit, and credit cards.

• Wise Features

  • Transparent fees with real exchange rates.
  • Multi-currency accounts allowing you to hold and manage different currencies.

Step 2: Compare Transaction Fees

Transaction fees can significantly impact the total cost of sending money.

• Remitly Fees

  • Fees vary based on the delivery speed and payment method.
  • Express transfers generally incur higher fees.

• Wise Fees

  • Offers low, transparent fees based on the amount and destination.
  • No hidden fees; you see the total cost upfront.

Step 3: Assess Security Measures

Security is crucial when transferring money internationally.

• Remitly Security

  • Uses bank-level encryption to protect your information.
  • Provides a money-back guarantee for certain transactions.

• Wise Security

  • Regulated by financial authorities in multiple countries.
  • Uses two-factor authentication for added account security.

Step 4: Check Availability

The availability of services can affect your choice based on where you’re sending money.

• Remitly Availability

  • Operates in many countries, but specific services may vary by region.
  • Ideal for sending money to developing countries.

• Wise Availability

  • Supports transfers to and from more than 80 countries.
  • Offers a wider range of currencies.

Conclusion

When choosing between Remitly and Wise, consider your specific needs regarding fees, speed, security, and availability. Remitly may be suitable for fast transfers to certain regions, while Wise offers lower fees and greater transparency. Explore both options to find the best fit for your international money transfers.