Remily vs Wise: Fees, Exchange Rates, and Features Compared

Who should you pick?

Here's a quick outline of both.

Exchange rates and fees

Both Wise and Remitly are competitive for the first time transfer, and offer discounts.

Just like with any money transfer, the destination and the amount is what will affect your price.

Usually it’s quite easy to pick who's cheaper, but here it’s extremely challenging since both consistently come up in our live comparisons as cheapest options.

Here are a few examples of how the two options compare for popular destinations:

Amount

AmountUSD 500USD 2,000Custom

Last updated at 10/12/2026

USD MXN

Mid Market Rate $1 = $18.4121$1 = $18.4141

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Wise

2

Remitly

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

$9,110.00

$0.00

18.2200

1.05%

-

Minutes - 3 days

Visit

$9,029.82

$9.59

18.4128

0.00%

Bank transfer

Same day

Visit

$36,506.11

$17.05

18.4100

0.02%

Bank transfer

Same day

Visit

$36,440.00

$0.00

18.2200

1.06%

-

Minutes - 3 days

Visit

USD INR

Mid Market Rate $1 = ₹95.731$1 = ₹95.7961

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

₹47,820.00

$0.00

95.6400

0.10%

-

Minutes - 3 days

Visit

₹46,999.43

$9.17

95.7550

-0.03%

Bank transfer

Same day

Visit

₹191,300.00

$0.00

95.6500

0.15%

-

Minutes - 3 days

Visit

₹190,104.54

$15.43

95.7913

0.01%

Bank transfer

Same day

Visit

USD PHP

Mid Market Rate $1 = ₱62.814$1 = ₱62.8085

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Wise

2

Remitly

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

₱31,070.00

$0.00

62.1400

1.08%

-

Minutes - 3 days

Visit

₱30,796.51

$9.43

62.7770

0.06%

Bank transfer

Same day

Visit

₱124,519.77

$16.74

62.7854

0.04%

Bank transfer

Next day

Visit

₱124,280.00

$0.00

62.1400

1.07%

-

Minutes - 3 days

Visit

USD PKR

Mid Market Rate $1 = Rs 276.7435$1 = Rs 276.7435

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

Rs 138,555.00

$0.00

277.1100

-0.13%

-

Minutes - 3 days

Visit

Rs 135,733.60

$10.01

277.0130

-0.10%

Bank transfer

Same day

Visit

Rs 554,220.00

$0.00

277.1100

-0.13%

-

Minutes - 3 days

Visit

Rs 548,978.82

$18.22

277.0130

-0.10%

Bank transfer

Same day

Visit

USD BDT

Mid Market Rate $1 = ৳123.2295$1 = ৳123.2295

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

৳61,440.00

$0.00

122.8800

0.28%

-

Minutes - 3 days

Visit

৳60,197.53

$11.78

123.3000

-0.06%

Debit card

Same day

Visit

৳245,760.00

$0.00

122.8800

0.28%

-

Minutes - 3 days

Visit

৳243,898.50

$21.91

123.3000

-0.06%

Bank transfer

Next day

Visit

USD GTQ

Mid Market Rate $1 = Q 7.6405$1 = Q 7.6405

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

Q 3,773.65

$0.00

7.5473

1.23%

-

Minutes - 3 days

Visit

Q 3,615.50

$26.89

7.6420

-0.02%

Debit card

Within a week

Visit

Q 15,094.60

$0.00

7.5473

1.23%

-

Minutes - 3 days

Visit

Q 14,755.00

$69.22

7.6420

-0.02%

Bank transfer

Next week

Visit

USD DOP

Mid Market Rate $1 = $60.5688$1 = $60.5688

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

$29,695.00

$0.00

59.3900

1.97%

-

Minutes - 3 days

Visit

$28,652.44

$32.64

61.3070

-1.21%

Debit card

Within a week

Visit

$118,780.00

$0.00

59.3900

1.97%

-

Minutes - 3 days

Visit

$116,915.51

$92.95

61.3070

-1.21%

Bank transfer

Next week

Visit

USD COP

Mid Market Rate $1 = $3,204.51$1 = $3,204.51

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

$1,577,175.00

$0.00

3154.3500

1.58%

-

Minutes - 3 days

Visit

$1,550,990.51

$14.56

3195.0200

0.30%

Debit card

Next day

Visit

$6,308,700.00

$0.00

3154.3500

1.58%

-

Minutes - 3 days

Visit

$6,278,118.45

$35.03

3195.0200

0.30%

Bank transfer

Next day

Visit

USD GBP

Mid Market Rate $1 = £0.7551$1 = £0.7551

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

£377.00

$0.00

0.7540

0.14%

-

Minutes - 3 days

Visit

£371.01

$8.65

0.7551

-0.01%

Bank transfer

Same day

Visit

£1,508.00

$0.00

0.7540

0.14%

-

Minutes - 3 days

Visit

£1,499.98

$13.58

0.7551

0.00%

Bank transfer

Same day

Visit

USD EUR

Mid Market Rate $1 = €0.8928$1 = €0.8928

Transfer Amount $500$2,000

1

Remitly

2

Wise

1

Remitly

2

Wise

They get (after fees)

Transfer fees

FX Rate

Markup

Cheapest payment method

Delivery time

€445.45

$0.00

0.8909

0.21%

-

Minutes - 3 days

Visit

€438.94

$8.43

0.8929

-0.01%

Bank transfer

Same day

Visit

€1,782.00

$0.00

0.8910

0.21%

-

Minutes - 3 days

Visit

€1,774.23

$12.77

0.8928

0.00%

Bank transfer

Same day

Visit

Show moreShow less

Wise live exchange rates and fees

Wise uses the mid-market rate and charges a percentage fee, which gets lower on transfers over $25,000.

Here’s what you can expect from Wise for popular destinations and different amounts:

Remitly live exchange rates and fees

Remitly however charges a fee and adds a small markup to the exchange rate.

However, it offers multiple promotions which get you more money on first transfers, and has more delivery options.

Using the same examples as above, this is what you can expect to get with Remitly using their promotional rates and fees.

If you ask me, I’d run a quick live comparison and check who offers more money for your amount.

If both are close, then pick by how your recipient needs the money (our live comparisons show that too!).

Transfer speed

Both are fast but Remitly has more ways to get money to someone who needs cash urgently.

Remitly transfer speed

Remitly Express uses card funding for faster delivery on supported transfers, while its slower bank-funded options can take longer.

Here are Remitly’s current transfer times for the same destinations and amounts used above.

Wise transfer speed

Wise can also deliver quickly, especially when you already hold the money in Wise and do not need to wait for bank funding.

For Wise, these transfer times show how quickly your recipient can expect the money.

Wise reported 77% of transfers arriving within 20 seconds globally in its second-quarter 2026 update, while Remitly reports over 90% of funded transfers within an hour.

Remitly's clock starts when it receives the funds, and both figures cover global transfers with different timing definitions and customer populations.

Likewise, a cash transfer ready for collection is only usable when your recipient can reach an open pickup location.

For a recipient who wants cash, Remitly wins here, while both are strong options for quick electronic delivery.

Transfer limits

Wise allows larger USD transfers, with a general $1 million limit compared with Remitly's maximum of $300,000.

That difference becomes relevant for a very large payment, while card and bank-funding limits can restrict much smaller transfers.

Wise's standard limit applies in its licensed-state scope, with different limits in Nevada, American Samoa and the Mariana Islands.

Those locations have a $50,000 daily transfer ceiling and cannot fund USD transfers using a debit or credit card.

Wise also limits card payments to $8,000 over seven days, while linked-bank payments have an additional account-specific 60-day limit.

Remitly's available limit depends on your verification, transfer history and payment method, along with the destination and how your recipient collects the money.

For a $10,000 Wise transfer, a bank payment or existing balance works around the $2,000 daily card limit.

Our guide to sending a large amount overseas covers source-of-funds checks and other details that can affect a larger payment.

Products & features

Remitly offers more ways to collect a transfer, including cash, while Wise is better for holding foreign currencies and receiving international payments.

Remitly adds a dollar Wallet, Card and eligible credit options, while Wise combines international transfers with currency balances, receiving details and spending.

Global reach

Both let you send money from the US.

Wise has a bigger global footprint in terms of where you can send money from, but Remitly can deliver your money to more destinations.

Delivery methods

Remitly is better for delivery choice, with cash pickup and home delivery alongside the bank and mobile-wallet transfers both support.

Delivery methods vary by destination, but Remitly gives you more ways to send money to someone without convenient access to a bank.

Wise's wallet transfers mean it is not restricted to bank deposits, although it does not match Remitly's cash delivery network.

Our send money to the Philippines guide covers the bank, wallet and cash options for that destination in more detail.

Deposit and funding methods

Both accept online payments, but Wise adds domestic wire funding and lets you send money from balances held in multiple currencies.

Remitly's USD Wallet lets you add money ahead of time, while Wise's balances can also hold the currency you plan to send.

With Wise, a linked-bank ACH debit collects from your account, while a pushed ACH payment is arranged through your bank.

A domestic wire can fund Wise the same or next working day, but your bank may charge separately for sending it.

A US-address Wise account cannot fund its USD transfer using an international Swift payment, which is different from a domestic wire.

Wallets and receiving payments

Wise is better for holding and receiving foreign currencies, with 40 currency balances and international receiving details, while Remitly's US Wallet holds only dollars.

Remitly Wallet can keep dollars ready for your next transfer, but it does not let you hold euros or pesos after converting them.

Wise lets you receive euros and keep them for a later euro expense, avoiding an unnecessary conversion through dollars.

I think that is Wise's strongest account benefit, especially if you receive overseas income as well as send money abroad.

Wise receives domestic USD ACH payments free, while receiving a USD wire or Swift payment costs $6.11 per payment.

Cards and ATM withdrawals

Wise's card is a better fit for spending foreign balances directly, while Remitly's Global Card converts your dollars for overseas purchases.

Remitly's Global Card uses a separate Stripe-powered wallet and Visa's exchange rate for foreign purchases, without an added foreign transaction fee.

The basic Global Card has no monthly fee or minimum balance, while the optional paid plan includes separate credit features and eligibility requirements.

The card is available to eligible invited customers, with other customers able to join a waitlist for access.

Wise spends the purchase currency you already hold, or converts another balance with a conversion fee when you do not hold enough.

Remitly advertises fee refunds at more than 40,000 US ATMs under its card terms, while Wise's allowance applies per calendar month.

Above Wise's monthly ATM allowance, each subsequent withdrawal costs $1.95 plus 1.95%, and the ATM operator can add a separate charge.

Remitly lets you spend overseas without an added foreign transaction fee, while Wise lets you spend a foreign-currency balance directly.

Payments between users

Wise makes payments between existing users free and instant when you send the same currency from an already funded balance.

You can move money to another Wise user without an external bank payout, which is helpful when both of you already use the account.

Remitly's standard transfer charges still apply when sending from its Wallet, so the balance does not give you Wise's fee-free same-currency payment benefit.

Memberships, credit and rewards

Remitly has more borrowing and reward options, including Pay Later, while Wise's personal account has no monthly membership fee.

Remitly's optional Card plan costs $9.99 per month and gives eligible customers access to Pay Later through Coastal Community Bank.

Pay Later has 0% APR, but the monthly plan and usual transfer fees still apply, with an $8 late fee if your payment is more than three days late.

You can qualify for $50 when you first join, or $50–$250 if you already use Remitly, depending on approval and state availability.

The plan gives you a 1% transfer discount on full, on-time Pay Later AutoPay repayments, up to $5 per month.

This reward applies to loan repayments, not all card purchases, and its $5 maximum is less than the monthly plan fee.

You may also receive Boost rewards on eligible older Wallet balances, with the rate set by your offer.

Remitly's older One membership information now points you toward the Card, while existing Flex advances have different repayment terms from Pay Later.

I would pay for the Card plan only if its borrowing or other benefits solve a regular need, since rewards alone cannot cover its cost.

Business accounts

Wise is better for business currency management, with balances, team permissions and accounting connections, while Remitly focuses on international supplier and contractor payments.

Both have US business services, including tools for paying several recipients without entering every payment separately.

Remitly's Send by Link lets the recipient provide their payment details, which can save you collecting those details from every new contractor.

Wise goes further when the business receives foreign revenue, holds it and pays expenses in the same currency.

Its team permissions and accounting connections also make it the stronger account for shared business finances, rather than just making an overseas payment.

Eligible US sole proprietorships, LLCs and corporations can apply for Remitly Business, with verification applying to the business and its owners.

Use business prices for company payments, because the personal transfer comparison above does not establish either company's business costs.

Our Wise Business review explains its account features and receiving charges in more detail.

Customer service

Remitly is better for specialist help on larger transfers, with complimentary Concierge access after qualifying US payments of at least $5,000.

Send at least $5,000 from the US and you receive access for 90 days after your latest qualifying transfer.

That gives you specialists to contact about larger payments, although it does not mean one dedicated account manager handles every transfer.

Both offer 24/7 phone support for ordinary transfers, so Remitly's main additional benefit here is its specialist help after qualifying larger payments.

Remitly's multilingual support helps when you prefer to discuss a payment in another language, but language availability differs between phone, chat and other channels.

Both let you track payments, so the first useful distinction is whether the delay is in funding, processing or delivery to your recipient.

Ease of use

Both apps support sending and tracking, with Remitly adding recipient-chosen payout links and Wise combining currency balances, receiving details and card spending.

Both have iOS and Android apps, with web access for sending money and following the payment's progress.

Remitly combines saved recipients, delivery choices and real-time tracking, which helps when you regularly send to the same person for cash pickup or wallet delivery.

Wise brings balances, receiving details and card spending into the same account, alongside saved recipients, tracking and document uploads for account checks.

Remitly's Send with Text lets selected US customers share a link so recipients can choose an available bank, wallet or cash collection option.

That saves the sender collecting every payout detail, while Wise's balance tools let you convert money ahead of your next payment.

The extra account features are not necessary for one occasional bank transfer, and both services let you send without your recipient opening their own account.

I like Remitly's wider delivery selection for family payments, while Wise's account tools make more sense when your own foreign-currency balance is part of the payment.

Safety and regulations

Both operate under US money-transfer rules, but protection for money you leave in an account depends on the product.

Remitly is registered with FinCEN and licensed where required across the US, while Wise follows US money-services rules and applicable state requirements.

FinCEN registration is not a banking license, and it does not guarantee that you will get your money back.

Wise keeps ordinary customer money separate from its own funds, holding it in bank accounts and secure assets that can be sold quickly.

Under the older USD Wallet terms, money is held at Lead Bank, but Remitly still owes you the balance.

Your balance is an unsecured claim against Remitly, and bank insurance does not cover Remitly's failure, theft or fraud.

The newer Card wallet has its own Stripe terms, so the older Wallet's protection rules should not be applied to it.

I would not assume either ordinary balance has FDIC insurance, since coverage depends on the product and its specific terms.

Wise's optional interest program has its own eligibility and deposit-protection terms, which do not automatically cover ordinary Wise balances.

For either service, verify the recipient before sending, especially when someone pressures you to make an urgent payment to unfamiliar account details.

Reviews and feedback

Remitly scores higher on Trustpilot and the App Store, while both have a 4.8/5 rating on Google Play.

Trustpilot reviews contain praise for fast, straightforward transfers, alongside complaints about delays and account checks.

The feedback covers different destinations, products and customer situations, rather than only transfers sent from the US.

I would use the feedback to understand possible problems, while giving the transfer's cost, delivery method and account features more weight in the decision.

Heres what our users have to say about both companies.

Alternatives

These alternatives cover in-person sending, everyday account features and domestic payments, alongside specialist help with larger international transfers.

Revolut offers account and card features through its US partner banks, rather than operating as a US bank itself.

Use the live comparison above to see the latest Remitly and Wise prices for the amount and destination you need.