Wise vs Remitly
A detailed head-to-head comparison of Wise and Remitly based on our 100-point scoring system.
Winner
Wise
Wise International Money Transfer
93/100
Excellent4.3
218,000 reviews
Remitly
Remitly International Money Transfer
88/100
Very Good4.5
47,000 reviews
Side-by-Side Comparison
Metric
Wise
Remitly
Overall Score
93/100
88/100
Price
$0.00
$0.00
Customer Rating
4.3/5
4.5/5
Review Count
218,000
47,000
Best For
Best Exchange Rates
Best for Developing Market Transfers
About Page
Yes
Yes
Contact Info
Yes
Yes
Wise — Score Breakdown
Fees & Exchange Rates24/25
Transfer Speed18/20
Global Coverage14/15
Ease of Use14/15
Security & Regulation10/10
Customer Support8/10
Transparency5/5
Remitly — Score Breakdown
Fees & Exchange Rates20/25
Transfer Speed19/20
Global Coverage14/15
Ease of Use14/15
Security & Regulation9/10
Customer Support8/10
Transparency4/5
Pros & Cons
Wise
Industry-leading exchange rates with zero markup — the biggest single cost advantage over banks and most competitors.
Full fee transparency shown before confirmation, with a detailed breakdown of the transfer fee and exchange rate.
Highly rated app (4.7 on the App Store) and a clean web interface that makes setup and transfers genuinely quick.
No cash pickup option — transfers are bank-to-bank only, which excludes recipients without a bank account.
Fees on credit card-funded transfers can be notably higher (sometimes 3%+), so the cost advantage narrows if you pay by credit card.
Customer support is primarily chat and email; phone support is limited, which can be frustrating for time-sensitive issues.
Remitly
Highly competitive rates on major remittance corridors like US-to-Philippines, US-to-India, and US-to-Mexico.
Cash pickup and mobile wallet delivery options that reach recipients without traditional bank accounts.
Delivery guarantee with automatic fee refund if the transfer does not arrive on time.
Exchange rate margins on less popular corridors can be 2%–3% above the mid-market rate, adding hidden cost to the total.
Daily transfer limits of $10,000 (standard accounts) make it less suitable for large or business transfers.
Fee and rate transparency is good within the app but less clear on the website, requiring extra steps to see the full cost.
Our Verdict
Wise comes out ahead with a score of 93/100 compared to 88/100. Wise is best for best exchange rates. However, Remitly may be a better fit if you prioritize best for developing market transfers.
Transfer fees, exchange rates, and delivery times may vary based on destination, amount, and payment method. Always verify current rates and fees before initiating a transfer.