Remitly vs VertoFX: Fees & Reviews Compared (2025)

Below we compare them on their fees and reviews.

Sections

Fees

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

	Remitly	VertoFX
Trustpilot Rating	4.1	3.9
Number of Trustpilot Reviews	41,300	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

Data taken from relevant websites at time of publication.

	Remitly	VertoFX
App Transfers	Yes	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	No	No
Available Countries	180	200
Number of Currencies	75	51
Payment Methods	Bank account Debit card Credit card iDeal Passbook Klarna	Bank account Debit card Credit card Online wallet
Receiving Methods	Online wallet Bank account Cash pickup Home delivery	Bank account Online wallet
Cash Pickup Option	Yes	No
Payments Flexibility	Web platform Mobile app	Web platform Mobile app
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)	1-2 days
Dedicated Dealer	No	Yes
Instant Custom Quote	No	No
Business Features	N/A	FX solutions Currency marketplace Market orders Local and global accounts Corporate cards Treasury management Digital multi-currency wallet API integration
Debit Card	Passbook	Multi-Currency Corporate Card
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.	If your transfer hasn’t been completed, you can request a cancellation and refund. Once a transfer has been finalized and the money has been sent to the recipient, it’s generally not possible to cancel the transaction.
Suitability	Small money transfers	Small and large money transfers

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

	Remitly	VertoFX
Year Founded	2011	2017
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	India, Kenya, South Africa, etc.
Annual Trading Volume	$20.4 billion	$4 billion
Number of Employees	1600	100
Number of Clients	3 million	3000
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	FinCEN in the USA De Nederlandsche Bank in the EU Central Bank of Kenya in Kenya FSCA in South Africa
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)	Best Cross-Border Payments Infrastructure (Payment Awards, 2022)

Data taken from company websites and other third-party sites. It was believed to be accurate at the time of publication but may have since changed.

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

See More Comparisons:

	Remitly	VertoFX
Homepage
Transfer Fee	$0.00 – $50 depends on the selected countries, the transfer amount, and the payment method ($3.00 – $7.00 on average).	No fee
Average Exchange Rate Markup	1% – 2.5%	0.2%-0.6%
Minimum Transfer Amount	$1	$1
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