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Send money home
Your first transfer is free and arrives in seconds
Within the incredible world of fintech and virtual wallets, there are several companies that specialize in low-cost international transfers.
Today we are telling you about Remitly, a company dedicated to money transfers that works with market exchange rates and a very simple-to-use system.
What is Remitly?
Unlike banks and other financial institutions, Remitly was created so that its customers can send money simply and conveniently. This company offers its money transfer services from 28 countries to more than 100 destinations.
Its system works through its website or its app, where you will need to create an account to start transferring money to your family and friends.
It is a vast global network, integrated by banks and cash pickup locations where you can choose the money transfer method that suits you best from the comfort of your home, operating at affordable rates.
In addition, Remitly transfers are made at the current market exchange rate and are received in the recipient's local currency.
How does it work?
By creating a user account on their website or through their app, you can start sending money with Remitly to your loved ones. The steps to follow to make a transfer correctly are:
- Select the send money option, Enter the amount and the transfer method, Enter the recipient's information: account number or identification, Enter your personal details, Confirm the transaction.
For the money to be picked up in cash, you have to select the cash transfer method and choose the money delivery/pickup point from the list.
Money transfers have different processing times, which depend on the payment method and the destination country. However, in general, a transfer can take a few minutes if it is Express, or between 3 to 5 business days if it is Economy.
Where can I collect a Remitly transfer?
Some of the Remitly partner providers in Mexico, where you can collect your transfer, are:
- Citibanamex, Banco Santander, Banorte, Caja Popular Mexicana, Banco Azteca, Elektra, Oxxo, Walmart.
The list is very comprehensive, so it is recommended to check the company's official website to learn more about the associated providers.
How do I track a Remitly transfer?
Using Remitly, you can ensure your money reaches its destination by tracking your transfer in a few simple steps.
To do this, you have to log in to your account and go to the "My Payments" option. Choose the payment you want to track and click on "View details." There, you will be able to verify the status of your transfer, which can be pending, in progress, delivered, or canceled.
The recipient cannot know if their money is on the way or not; only the sender will be notified when it is available for pickup, or the recipient can verify it themselves from their bank account.
