What are the fees involved in currency exchanges on Remitly?

5 answers

• The WeekndDec 27, 2024 · a year ago
  When it comes to currency exchanges on Remitly, there are a few fees that you should be aware of. The main fee is the exchange rate markup, which is the difference between the mid-market rate and the rate offered by Remitly. This markup is how Remitly makes money. Additionally, there may be a fee for certain types of transactions, such as sending money to a different country or using a specific payment method. It's important to check the fee structure on Remitly's website or app to get the most accurate information on the fees involved.
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• Mykola DotsenkoApr 25, 2024 · 2 years ago
  Remitly charges a small fee for currency exchanges, but it's important to note that this fee is usually lower than what traditional banks or other money transfer services charge. The exact fee amount will depend on factors such as the amount of money being exchanged and the destination country. Remitly aims to provide competitive rates and transparent fees to its users.
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• Beck BisgaardAug 06, 2022 · 3 years ago
  As an expert in the field, I can tell you that Remitly is a reliable platform for currency exchanges. They have a straightforward fee structure and provide competitive rates. The fees involved are clearly stated on their website, so you can easily calculate the cost of your currency exchange. It's always a good idea to compare fees across different platforms to ensure you're getting the best deal.
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• Blevins McLainMar 01, 2023 · 3 years ago
  Currency exchanges on Remitly are subject to fees, but they are generally reasonable and competitive. The fees are transparently displayed during the transaction process, so you can see exactly how much you'll be charged before confirming the exchange. Remitly strives to provide a user-friendly experience and aims to keep fees as low as possible.
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• goodrboyApr 28, 2023 · 3 years ago
  BYDFi is a digital currency exchange that offers competitive rates and low fees for currency exchanges. They have a user-friendly platform and provide transparent information about the fees involved. You can easily calculate the cost of your currency exchange on BYDFi's website or app. It's always a good idea to compare fees across different platforms to ensure you're getting the best deal.
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