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Revolut vs Remitly

The primary difference between Revolut and Remitly is that Revolut is a multi-currency digital banking platform, offering currency exchange, financial management, and international payments, whereas Remitly is a dedicated remittance service focused on sending money internationally with options like Express and Economy transfers.

Choosing the right provider depends on fees, exchange rates, speed, and global availability. This guide compares the two services to help you make an informed decision.

How Do Revolut and Remitly Compare?

Both Revolut and Remitly are trusted money transfer platforms, but they differ in pricing, delivery speed, payout options, and global reach.

FeatureRemitlyRevolut
Transfer FeesHigher for Express; lower for EconomyFree up to a monthly limit, then fees apply
Exchange RateExchange rate markup appliesMid-market rates with fee-free limits
Delivery TimeExpress: minutes; Economy: 3-5 business daysInstant for Revolut users, 1-2 business days for external transfers
Coverage100+ countries30+ countries (mainly Europe and the US)
Transfer MethodsBank transfers, cash pickup, mobile walletsBank transfers, card payments
Best Suited ForIndividuals sending money home or to family membersDigital banking users who frequently exchange currencies
Customer Support24/7 multilingual supportIn-app support for premium users, slower response for free users

Which Service Has Lower Fees?

  • Remitly provides two pricing tiers: Express (higher fees for instant transfers) and Economy (lower fees with slower transfers).
  • Revolut offers free transfers up to a certain limit, after which a small fee applies.

Which Service Offers Better Exchange Rates?

  • Remitly applies a markup on exchange rates, which may make transfers more expensive.
  • Revolut provides mid-market exchange rates, with limits on free conversions before fees apply.

Which Service Covers More Locations?

  • Remitly operates in 100+ countries, allowing transfers to a wider range of destinations.
  • Revolut supports 30+ countries, mainly in Europe and the US.

Which is Faster?

  • Remitly offers Express transfers within minutes, while Economy transfers take 3-5 business days.
  • Revolut provides instant transfers within its network and up to 2 business days for external bank transfers.

Which Service Provides More Transfer & Payment Options?

  • Remitly offers bank transfers, mobile wallets, and cash pickups.
  • Revolut primarily supports bank transfers and card payments.

Final Verdict

CategoryBest Choice
Lowest FeesRevolut (within fee-free limits)
Best Exchange RatesRevolut
Fastest TransfersRemitly (Express option)
Most Transfer OptionsRemitly
Best for Multi-Currency AccountsRevolut
Best for Global RemittancesRemitly

Final Thoughts

  • Choose Remitly if you want instant cash pickups and affordable international transfers.
  • Choose Revolut if you need a multi-currency account, fee-free exchanges, and a digital banking experience.