Remitly

Third-party source: Wise and Instarem comparison pages (2026). Figures from competitor-written sources. Not checked with Remitly.

Best for: Cash pickup and mobile-wallet delivery

At a glance

Transfer fee
Flat fee varies by destination; $1.99 to Mexico bank deposit (as reported)
Exchange rate
Margin 0.5%–3.0% above mid-market (as reported)
Speed
Not stated
Coverage
Many countries (not stated)
Availability
Available globally

Strengths

    Limitations

      Risks to understand

      • Deposit protection depends on the bank's licence and the scheme that covers it, and it has limits.
      • Interest rates, fees and account conditions can change. Check the provider's current terms.