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Best Remitly Alternatives Available in Ireland

Explore the Best Money Transfer Options in Ireland
4
min read
September 10, 2024
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Sending money internationally from Ireland can be a daunting task with so many options available. Whether you’re sending money to support your family, pay bills, or invest abroad, finding the right service can make all the difference.

While Remitly is a well-known choice, it's not the only option. In this blog, we’ll explore some of the best Remitly alternatives for international money transfers from Ireland, helping you find a service that fits your needs perfectly.

In this blog, we’ll explore the top alternatives to Remitly for international money transfers from Ireland, helping you find the best option for your needs.

1. Vance

Vance is a solid option for international money transfers, especially for those who want a simple, user-friendly experience combined with competitive rates. Designed for NRIs (Non-Resident Indians) by Indians, Vance is rapidly expanding its appeal globally.

  • Google Exchange Rates: Get the exact currency exchange rates you see on Google - with no markups, ensuring you save more. 
  • Flat £3 Transfer Fee: No hidden charges or fluctuating fees—just a straightforward, low-cost service.
  • Wide Currency Support: Vance currently supports transfers in GBP, EUR, AED, and INR, with more options coming soon.
  • User-Friendly Interface: Designed for ease, even first-time users can navigate effortlessly.
  • Secure Transfers: Advanced encryption keeps your money safe at every transaction stage.

With over 140,000 NRIs already saving on fees, Vance is ideal for those looking for a blend of simplicity, security, and affordability.

2. Wise (formerly TransferWise)

Wise is known for its transparency, particularly with exchange rates and fees, making it a popular choice for those wanting to avoid hidden charges.

  • Real Exchange Rates: Uses the mid-market, the fairest available exchange rate.
  • Low, Transparent Fees: Fees range from €0.41 to €1.9, depending on the transfer amount and destination.
  • Multi-Currency Support: Hold and manage over 50 currencies in a single account.

Wise is perfect for users who prioritise saving on transfer costs by avoiding inflated exchange rates.

3. Revolut

Revolut offers a modern and flexible way to send money internationally, particularly appealing to those already using its digital banking services. Revolut provides various account tiers, each with different benefits and fees.

  • Key Features:
    • Flexible Account Tiers: Ranging from free accounts to premium options with additional features.
    • Low Transfer Fees: Revolut charges a 0.3% variable transfer fee for most currencies, with a minimum of £0.30 and a cap of £5. A 0.5% currency exchange fee applies if you exceed your plan's allowance.
    • Fast Transfers: GBP and EUR transfers can take a few seconds to 2 working days, depending on the destination.

Revolut is great for those seeking a digital-first approach to managing finances and international transfers.

4.  WorldRemit

WorldRemit is known for its flexibility in payout options, making it an excellent choice for sending money to regions with limited banking infrastructure.

  • Flexible Payout Options: Recipients can receive funds through bank deposits, cash pickups, mobile money, or airtime top-ups.
  • Fast Transfers: Most transactions are completed within minutes.
  • Affordable Fees: Fees usually start from €3.99, depending on the payout method and destination.

5. OFX

OFX is a standout choice for larger money transfers, offering low or no fees on more substantial amounts.

  • No Fees on Large Transfers: Typically, transfers above €10,000 are fee-free.
  • Competitive Exchange Rates: OFX provides better rates for more significant amounts.
  • 24/7 Customer Support: Access to customer service whenever you need it.

In Conclusion

Choosing the best Remitly alternative in Ireland comes down to your individual needs. Wise could be your go-to if you value transparent fees and competitive rates.

For those seeking a digital-first experience, Revolut is a strong contender. Vance offers simplicity and security, especially for those sending money to India, while WorldRemit provides flexibility with various payout options.

Finally, with its competitive rates and fee-free options, OFX is ideal for larger transfers. You can find the best service for international money transfers from Ireland by weighing these choices.

Enjoy Money Transfers from Ireland to India with Vance

Experience lightning-fast money transfers from Ireland to India with Vance. Get real-time Google rates on all your money transfers with absolutely no hidden fees—no surprises, just the best deals.

Stay ahead with our exclusive rate alerts, tracking the EUR to Rupee so you can send money at your desired rate. Join a savvy community of over 100,000 NRIs who’ve collectively saved more than ₹50 Cr in transfer fees.

Sources

Disclaimer 

This content is for general informational purposes only and should not be taken as financial, legal, or professional advice from Vance or its affiliates. While we strive for accuracy, the information may change over time. Vance makes no representations, warranties, or guarantees, whether express or implied, regarding the information's accuracy, completeness, or reliability. The comparison is based on publicly available data and is intended to assist users in making informed decisions. It is not a substitute for professional advice or consultation with financial experts. Please review your region's terms of use and product availability or visit the service provider's website for the latest pricing and service information.

FAQs

Q1. How do the fees of these Remitly alternatives compare to those of Irish users?

Fees vary among these alternatives. Wise offers some of the lowest and most transparent fees, starting from €0.41, while Vance and WorldRemit have straightforward, low-cost pricing.

Q2. What payment methods can be used with these Remitly alternatives in Ireland?

Most alternatives support bank transfers, debit/credit cards, and sometimes digital wallets or direct account transfers, making them accessible for various payment preferences.

Q3. How do these alternatives handle currency conversions for transfers from Ireland?

Platforms like Wise and Vance use real-time exchange rates with no markups, ensuring a fair and accurate conversion. Others, like Revolut, may apply a small exchange fee beyond a certain limit.

Q4. Are there any Irish regulations that could impact these Remitly alternatives?

All listed services comply with Irish and EU regulations, ensuring secure, legal, and reliable international money transfers.

Q5. How quickly can transfers be completed with these Remitly alternatives in Ireland?

Transfer times vary, with services like WorldRemit completing transactions within minutes. In contrast, others like OFX may take a few hours to a couple of days, depending on the amount and destination.

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Aayush is a strategic growth marketer with over 6 years of experience working in the US and European markets for various financial services companies. He has a proven track record of success in helping businesses grow, increase revenue, and improve marketing strategies.

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