Looking for a platform to send money overseas from Singapore? Remitly is a popular option that you may have heard about – but is it the right one for you?
With millions of users worldwide, the Remitly app has become one of the most popular ways to transfer money abroad — offering fast transfers, multiple payout methods, and a user-friendly experience. But here’s the real question: is Remitly Singapore actually the best option for you?
In this guide, we’ll break down how Remitly works, its rates and fees, transfer speed, safety, reviews, and tracking features. We’ll also compare it against alternatives like YouTrip, so you can decide which service gives you the best bang for your buck.
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📚 Table of Contents:
- What is Remitly?
- Does Remitly Work in Singapore?
- Is Remitly Safe and Legit?
- Key Features
- How Does Remitly Work?
- Comparing Fees and Exchange Rates
- Pros and Cons
- Alternatives
- FAQs
What is Remitly?
Remitly is an international money transfer service founded in 2011 in Seattle, USA. It’s designed for migrants, expats, and individuals who need to send money abroad quickly and securely.
From Singapore, you can use Remitly to send money to over 100 countries. Transfers can be delivered via:
- Home delivery 🚚 (in select countries)
- Bank deposit 🏦
- Cash pickup 💵
- Mobile wallet 📱
Does Remitly Work in Singapore?
Yes! Remitly is fully operational in Singapore and allows you to send money to more than 100 destinations worldwide. You can fund your transfer using a bank account, debit card, or credit card, and recipients can collect funds through multiple payout options.
Is Remitly Safe and Legit?
Absolutely. Remitly is safe and legit. It’s regulated by financial authorities in multiple countries, including Singapore, and uses bank-level encryption to protect customer data. Millions of users worldwide rely on it for cross-border transfers.
Key Features of Remitly:
1. Wide Global Coverage
Remitly lets you send money from 17 sending countries, including Singapore, to more than 100+ destinations worldwide. Whether your recipient is in Malaysia, the Philippines, India, or the US, Remitly Singapore supports a wide range of popular remittance corridors.
2. Transfer Fees & Speed
Remitly offers two transfer speed options:
- Economy: The budget-friendly choice. Transfers take 3–5 business days and must be funded via bank transfer.
- Express: Perfect for urgent needs. Transfers arrive in minutes, but fees are higher. You’ll need to pay with a credit or debit card.
💡 Fees typically range between S$1.99 – S$5.99 per transfer, depending on your transfer destination and speed.
3. Exchange Rates
Remitly provides competitive exchange rates, often better than traditional banks. However, there’s usually a small markup on top of the mid-market rate (what you’d see on Google or XE.com). Rates fluctuate daily and vary by country corridor. You can always check real-time rates on their website or the app before sending.
4. Multiple Payout Methods
Recipients have flexibility in how they receive funds, including:
- Bank deposit 🏦 – direct to a local bank account.
- Cash pickup 💵 – at partner locations like banks or money agents.
- Mobile wallet 📱 – e.g., GCash, PayMaya, or bKash.
- Home delivery 🚚 – available in select countries for doorstep delivery.
How Does Remitly Work?
Here’s a quick step-by-step on how to use Remitly in Singapore:
- Sign up via the Remitly app or website.
- Verify your identity with the required documents.
- Set up your transfer by choosing the country and amount.
- Select transfer speed:
- Economy (3–5 business days, lower fees).
- Express (minutes, higher fees, paid via card).
- Pay securely via debit card, credit card, or bank transfer.
- Track your transfer with real-time Remitly tracking.
Comparing Fees and Exchange Rates (YouTrip vs Remitly) ⚖️
The amount of local currency your recipient receives depends on two things:
- The exchange rate offered by the platform.
- The transfer fees charged on top.
With Remitly, the exchange rate comes with a small markup on the mid-market rate (the “true” rate you see on Google or XE.com). In other words, you’re paying an extra percentage built into the rate itself. On top of that, Remitly also charges a transfer fee, which varies depending on the destination country and the speed of transfer (Economy vs Express).
To show how this plays out in real life, here’s a quick side-by-side comparison of how much money your recipient would receive when you send S$1,000 using YouTrip vs. Remitly:
| Transfer destination | YouTrip | Remitly |
|---|---|---|
| Malaysia (MYR) 🇲🇾 | S$1,000 = 3,297 MYR 👑 | S$1,000 = 3,262 MYR |
| United States (USD) 🇺🇸 | S$1,000 = 744 USD 👑 | S$1,000 = 723 USD |
| Europe (EUR) 🇪🇺 | S$1,000 = 690 EUR 👑 | S$1,000 = 683 EUR |
| Australia (AUD) 🇦🇺 | S$1,000 = 1,178 AUD 👑 | S$1,000 = 1,154 AUD |
*Rates taken as of 27 March 2025
💡 Takeaway: Your recipient typically receives more local currency with YouTrip than with Remitly, thanks to better exchange rates and lower transfer fees. While Remitly rates are competitive compared to banks, YouTrip often gives you the edge with mid-market rates and no hidden markups.
Of course, the exact amount depends on the currency corridor and destination country, so it’s always worth comparing before you send. ✨
Pros and Cons of Using Remitly in Singapore
Overall, Remitly Singapore is a pretty solid choice for international money transfers, with millions of users and mostly positive Remitly reviews. But like any platform, it has both advantages and drawbacks. Here’s the quick breakdown 🕵🏻♂️
✅ Pros:
- Competitive exchange rates compared to banks (though with a small markup).
- New user promo – enjoy discounted fees on your first Remitly transfer.
- Fast Express transfers are available when speed matters most.
❌ Cons:
- Transfer fees vary by destination and can be higher for certain countries.
- Remitly rates aren’t always the best — alternatives like YouTrip may give you more local currency.
💡 Bottom line: Remitly is safe, legit, and convenient — but it’s worth comparing with competitors before hitting “send.”
Alternatives to Remitly in Singapore
While Remitly is a good option for international transfers, you have many other remittance options in Singapore such as DBS Remit, Wise, Ria Money Transfer, Western Union, and YouTrip! 👀 Consider picking a money transfer service that best suits your needs.
You can now send money to 40+ countries with the best rates and no hidden fees with YouTrip! Enjoy fast, secure, and hassle-free overseas transfers in six simple steps 🌍💵
1️⃣ Sign up for YouTrip
🌟 Don’t have an account yet? Sign up now and use promo code <YTBLOG5> for free S$5!
2️⃣ Top up your YouTrip wallet with a Linked Bank Account (eGIRO) or PayNow
3️⃣ Click ‘Transfer’ > ‘Transfer Overseas’ > Select the desired currency you wish to transfer
4️⃣ Enter the amount you want to transfer in SGD > Choose your preferred transfer method (e.g. bank account, DuitNow, GCash, UPI)
5️⃣ Tap ‘Set Up Transfer’ > ‘+ Add Recipient’ and enter required details
6️⃣ Slide to transfer and voilà! Your recipient will receive the money in their local currency, hassle-free!
FAQs: Remitly Singapore
1. Does Remitly work in Singapore?
Yes. You can send money from Singapore to 100+ countries using the Remitly app or website.
2. Is Remitly safe and legit?
Yes. Remitly is regulated, secure, and trusted by millions of users worldwide.
3. How does Remitly work?
You create an account, verify your identity, set up a transfer, choose your speed (Economy or Express), pay, and track it via the app.
4. What are Remitly rates like?
Rates are competitive but include a small markup. YouTrip often beats Remitly with better mid-market rates and no hidden fees.
5. What is the Remitly app?
It’s Remitly’s mobile platform for sending, tracking, and managing transfers.
6. How can I track my Remitly transfer?
Use the Remitly tracking feature on the app or website for real-time updates.
7. What do Remitly reviews say?
Generally positive — users like the speed and convenience, but some complain about fees and exchange rate markups.
Is Remitly Right for You?
We hope this guide gave you a clear picture of how Remitly Singapore works — from its fees and transfer speed to exchange rates and payout methods. Overall, Remitly is a safe, legit, and convenient option for sending money abroad. But like with any remittance service, it pays to compare rates, fees, and reliability before making your transfer.
💡 Pro tip: Always check the latest Remitly rates and fees, as they can change depending on the currency corridor and delivery method.
That said, if you’re after a secure, affordable, and transparent alternative, YouTrip often gives you the edge. With mid-market exchange rates, no hidden markups, and low transfer costs, you’ll usually get more local currency into your recipient’s hands.
👉 Send money overseas with YouTrip in just a few taps — whether it’s to Malaysia, Indonesia, the Philippines, Europe, or beyond. Say goodbye to international transfer headaches, and hello to better rates. 💜
Ready to get started? Sign up for a YouTrip account in minutes – use code <YTBLOG5> to get FREE S$5!
More guides you may enjoy!
- How to send money to Malaysia from Singapore
- How to send money to Philippines from Singapore
- How to send money to the USA from Singapore
- How to send money to Europe from Singapore
- How to send money to India from Singapore
- How to send money to Indonesia from Singapore
Guides on money transfer services in Singapore:
- Guide to sending money overseas with YouTrip
- DBS Remit Money Transfer Guide
- Ria Money Transfer Guide
- Western Union Money Transfer Guide
