Is Remitly 100% safe?

Which country owns Remitly?

Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.

Which one is better, Remitly or WorldRemit?

However, WorldRemit has a lower Trustpilot rating — 3.8 stars⁶ compared to Remitly's 4.6⁷. Remitly generally gets better feedback from users and has much higher sending limits. The downside is that both services charge transfer fees and add markups to mid-market exchange rates, which can get expensive fast.

Can Remitly reverse a payment?

We will aim to refund your money within three business days of your request to cancel a transfer as long as the funds have not already been picked up or deposited into a recipient's account.

Can I get my money back if I was scammed?

Contact the company or bank that issued the credit card or debit card. Tell them it was a fraudulent charge. Ask them to reverse the transaction and give you your money back. Did a scammer make an unauthorized transfer from your bank account?

Is Remitly having problems?

User reports indicate no current problems at Remitly.

What's better than Remitly?

7 Remitly alternatives for personal use: 2025 guide

• Wise. One of the best Remitly alternatives, Wise is a full-featured international money platform. ...
• WorldRemit. ...
• Western Union. ...
• MoneyGram. ...
• OFX. ...
• Xoom. ...
• Xe.

What is the best payment method to not get scammed?

Safest online payment methods: Pros and cons

• Credit cards. Using your credit card to make a purchase is especially straightforward: All you have to do is enter your information at checkout. ...
• PayPal. ...
• Digital wallets. ...
• Venmo. ...
• Virtual Credit Cards. ...
• Direct wire transfers. ...
• Debit cards. ...
• Online retailers with poor security measures.

Is Remitly an UK company?

Remitly isn't a bank. However, it is a UK registered payment services company that is authorised and regulated by the Financial Conduct Authority (FCA).

Is Remitly safe than Western Union?

Both Remitly and Western Union are solid options for secure money transfers.

Does Remitly ask for ID?

What information do I need to make my first transfer? You'll need your personal details, a valid ID, and your recipient's full name and account or wallet information. The app will also ask how you want to pay, whether via bank account, credit card, or debit card.

Why is Remitly taking so long?

"In Progress" or "On Hold" statuses may mean that handling is taking longer than expected. 2. Check Recipient Details: Make sure that all of the recipient's information, like names and bank account numbers, was entered properly during the transfer process. Details that are wrong can cause moves to be late or fail.

Do UK banks refund scammed money?

Your bank must refund you up to £85,000. You should usually get your money back within 5 working days - but it might take up to 35 working days. Your bank or payment provider might charge a fee of £100, which they'll take off your refund.

What information should I never give out?

Sharing sensitive information such as your address, phone number, family members' names, car information, passwords, work history, credit status, social security numbers, birth date, school names, passport information, driver's license numbers, insurance policy numbers, loan numbers, credit/ debit card numbers, PIN ...

Do banks usually refund scammed money?

In most cases, if the fraudulent charge is confirmed, the credit card provider will permanently refund the amount in question. However, the speed of this process depends on how quickly you reported the suspicious activity and whether the scam falls within the bank's fraud policies.

What to do if you get scammed on Remitly?

Contact Your Bank or Payment Provider

Also, watch your account for any unusual activity. If you used a money transfer app, contact them directly. Many of these companies have special support lines to report scams. If you sent money using Remitly, please tell us what happened by reporting it through our help center.

Does Remitly issue refunds?

WHAT TO DO IF YOU WANT TO CANCEL A MONEY TRANSFER. You have the right to cancel a transfer and obtain a refund of all funds paid to us, including any fees.

How much time does Remitly take to refund money?

For card payments, refunds usually take three to five business days. For bank account payments, they can take up to ten business days. 2. Talk to Customer Support: If the time for getting a return has passed, call Remitly's customer service at +1 844-604-0924.

How trusted is Remitly?

Remitly is a safe and legitimate way to send money to family and friends in another country. The company has strong security measures, proper licenses in all countries where they operate, and systems to detect suspicious activity. However, using Remitly will cost you in fees and exchange rate markups.

How to spot a fake money transfer?

Any of the following “red flags” should signal a scam:

1. You are asked to wire money.
2. You are sent a check in connection with a payment request. ...
3. The contact indicates a confirmation code or money transfer control number (MTCN) is needed before your money can be withdrawn.

What's the most money you can send through Remitly?

Remitly transfer limits vary by sending country, recipient country, and delivery method, but generally allow large transfers, like up to $100,000 USD from the US or €85,000 from the Eurozone in a single transaction, with higher limits often available after identity verification, though fluctuating exchange rates and recipient restrictions can also affect these amounts. Always check the Remitly app or website for specific, real-time limits for your transaction, as they adjust based on verification and country-specific rules.