Both Remitly and Currency Solutions are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
Remitly | Currency Solutions | |
Homepage | ![]() | ![]() |
Transfer Fee | $0.00 – $50 depends on the selected countries, the transfer amount, and the payment method ($3.00 – $7.00 on average). | £10.00 fee for transfers below £3,000; £0.00 fee for transfers above £3,000. |
Average Exchange Rate Markup | 1% – 2.5% | 0.5% – 1% |
Minimum Transfer Amount | $1 | £100 |
Maximum Transfer Amount | Depends on the sending and receiving country, the transfer amount, and the transfer method (from $3,000 to £150,000). | No limit for transfers over the phone Online transfers £20,000 for personal accounts £50,000 for business accounts |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
Remitly | Currency Solutions | |
Trustpilot Rating | 4.1 | 4.7 |
Number of Trustpilot Reviews | 41,300 | 2,500 |
iOS App Rating | 4.9 | N/A |
Number of iOS App Reviews | 1,200,000 | N/A |
Android App Rating | 4.8 | N/A |
Number of Android App Reviews | 666,000 | N/A |
Features
Remitly | Currency Solutions | |
App Transfers | Yes | No |
Online Transfers | Yes | Yes |
Phone Transfers | No | Yes |
In-person Transfers | No | No |
Available Countries | 180 | 160 |
Number of Currencies | 75 | 40 |
Payment Methods | Bank account Debit card Credit card iDeal Passbook Klarna | Bank account Debit card |
Receiving Methods | Online wallet Bank account Cash pickup Home delivery | Bank account |
Cash Pickup Option | Yes | No |
Payments Flexibility | Web platform Mobile app | Web platform Phone |
Supported Languages | English, Spanish, French, Portuguese, Vietnamese, Dutch, German, Polish, Romanian, Italian, Turkish, Chinese, Korean, Filipino, and Thai | English |
Transfer Speed | Within minutes (express delivery) 3-5 days (economy delivery) | 3 hours-2 days |
Dedicated Dealer | No | Yes |
Instant Custom Quote | No | No |
Business Features | N/A | Spot contracts Forwards contracts Market orders Options contracts Risk management Recurring transfers API integration |
Debit Card | Passbook | None |
Cancellation Policy | Only available for transfers that are still “in the hands” of Remitly. Once they are intercepted by a bank, transfers cannot be canceled. | The company allows for transfers to be canceled and refunded if the transaction hasn’t been completed. Refunds may be subject to exchange rate changes and additional charges depending on the circumstances. |
Suitability | Small money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
Remitly | Currency Solutions | |
Year Founded | 2011 | 2003 |
Headquarters | Seattle, WA, USA | London, UK |
Other Office Locations | Spokane (WA, USA), Cork (Ireland), Managua (Nicaragua), Manila (Philippines), Krakow (Poland), London (the UK), Amsterdam (the Netherlands), Tel Aviv (Israel), and Singapore | Amsterdam (the Netherlands), Dublin (Ireland), and Paphos (Cyprus) |
Annual Trading Volume | $20.4 billion | £1 billion |
Number of Employees | 1600 | 70 |
Number of Clients | 3 million | 150000 |
Regulatory Institutions | Department of the Treasury in the USA FINTRAC in Canada FCA in the UK ASIC in Australia Central Bank of Ireland in EU | FCA in the UK |
Awards | Startup of the Year (GeekWire Awards, 2016) Game Changer Award (Tech Impact Awards, Seattle Business Magazine, 2017) Named one of the Deloitte Technology Fast 500 (Deloitte, 2017) Most Innovative Companies (Fast Company, 2018) FinTech 50 (Forbes, 2019) Named one of the CNBC Disruptor 50 (CNDC, 2019) Technology Pioneer (World Economic Forum, 2019) | The Best Currency Transfer Provider (Trade Finance Global Currency Awards, 2016) Top-rated International Money Transfer Provider (Trustpilot, 2017 – 2020) |
Remitly Pros & Cons
Remitly Pros
- Plenty of ways to fund your transfer
- Excellent customer service
- Decent Trustpilot rating
- Fixed transfer fees
- A knowledge base that’s a treasure trove of knowledge
- Extensive global coverage
- Trade 75 different currencies
- Top-tier mobile app
- No minimum transfer limit when sending
- Instantaneous money transfers
- Worldwide locations for cash pickup
Remitly Cons
- Not great for large money transfers
- Doesn’t provide dedicated account managers
- Exchange rates spreads can be large
- No option for instant custom quotes
Currency Solutions Pros & Cons
Currency Solutions Pros
- Outstanding customer support
- Impressive Trustpilot rating
- Fee-free transfers for larger amounts
- Competitive exchange rates
- Service availability in over 160 countries
- Robust currency offerings with support for 40+ global currencies
- Longstanding industry experience
- Quick fund transfers
- Advanced business FX features, including market orders and options contracts for effective currency risk management
- Personalized service through dedicated account managers
Currency Solutions Cons
- Charges apply for smaller transfer amounts
- Lack of a mobile application
- Limited availability of exotic currencies
- Lack of an instant quote feature
- Customer support is not available around the clock
Top Rated Money Transfer Service
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