Head-to-Head Comparison
Wise vs Remitly
Winner: Wise — delivers more in 8 out of 8 corridors
Wise
Better ratesMid-market exchange rate with transparent low fees. Best for frequent transfers.
8 / 8 corridors
Best rate for recipient
Send with Wise →Remitly
Fast transfers with guaranteed exchange rates and a first transfer free offer.
0 / 8 corridors
Best rate for recipient
Send with Remitly →Rate Comparison — Wise vs Remitly
| Corridor | Wise | Remitly | Difference | Winner |
|---|---|---|---|---|
| USD → MXN | MXN 17,794 | MXN 17,608 | 1.06% | Wise |
| USD → INR | INR 93,200 | INR 92,226 | 1.06% | Wise |
| USD → BRL | BRL 5,231 | BRL 5,176 | 1.06% | Wise |
| AED → INR | INR 25,378 | INR 25,113 | 1.06% | Wise |
| SAR → INR | INR 24,853 | INR 24,594 | 1.06% | Wise |
| USD → PHP | PHP 59,646 | PHP 59,023 | 1.06% | Wise |
| GBP → INR | INR 124,215 | INR 122,917 | 1.06% | Wise |
| USD → COP | COP 3,680,661 | COP 3,642,205 | 1.06% | Wise |
* Based on sending 1,000 USD. Rates updated daily.
Wise and Remitly are two popular international money transfer services, each with distinct advantages. Wise offers mid-market exchange rates with transparent low fees, making it ideal for frequent senders, while Remitly focuses on fast transfers with guaranteed rates and attractive new customer offers.
Our verdict: Wise wins overall for regular users due to its consistently low fees and genuine mid-market exchange rates, which save money on frequent transfers. However, Remitly is better for first-time users seeking fast delivery and those who prioritize guaranteed exchange rates over the lowest possible fees.
Frequently Asked Questions
Which is cheaper: Wise or Remitly?
Wise is typically cheaper for most transfers due to its mid-market exchange rates and low transparent fees. Remitly may be cheaper for first-time users with their free transfer offer.
Which service is faster for money transfers?
Remitly generally offers faster transfer speeds, with many transfers completing within minutes to hours. Wise transfers typically take 1-2 business days depending on the destination.
Do both Wise and Remitly offer guaranteed exchange rates?
Remitly offers guaranteed exchange rates that are locked in when you start your transfer. Wise uses real-time mid-market rates, which may fluctuate slightly during the transfer process.