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Sending money abroad is easier than ever with digital platforms like Remitly. Whether supporting family, paying for services, or handling business transactions, Remitly offers a reliable way to transfer funds internationally.
But even with a top-notch service, knowing the proper steps and best practices can make your experience smoother and more efficient.
In this blog, we’ll guide you through sending money with Remitly, ensuring you get the most out of your transfers with quick and secure methods and encourage you to consider Vance, an alternative solution that may better suit your needs.
Step-by-Step Guide to Sending Money with Remitly
1. Setting Up Your Account
Download the App or Visit the Website: First, download the Remitly app from the App Store or Google Play or visit the Remitly website.
Create Your Account: Enter your personal details, create a secure password, and verify your email. Complete your profile by adding your address and nationality.
Choose Your Country: Select the country you’re sending money from (e.g., UAE) and the country you’re sending money to (e.g., India).
2. Selecting Your Transfer Type
Remitly offers two main types of transfers:
Economy Transfer: This option is slower (usually 3-5 business days) but offers lower fees and better exchange rates. It’s ideal for non-urgent transfers.
Express Transfer: This option is faster (usually within minutes to a few hours) but has higher fees. It's perfect when your recipient needs the money quickly.
You can select the type of transfer after choosing your recipient.
3. Choosing Your Recipient, Delivery Method, and Payment Method
Enter Recipient Details:
Provide the recipient's full name as per their bank records.
Add their bank account information, including the account number, bank name, and branch code (IFSC code in India).
Alternatively, if your recipient prefers to avoid receiving the money in their bank account, you can select the cash pickup option and choose a convenient location for them.
UPI (Unified Payments Interface): For transfers to India, you can also select UPI as a delivery method by entering the recipient’s UPI ID.
Select Delivery Method:
Bank Account: Transfer directly to the recipient’s bank account.
Cash Pickup: Send money to a specific location where your recipient can pick up cash.
UPI: Transfer directly to the recipient’s UPI ID for instant credit into their bank account linked to UPI.
Select Payment Method:
You can choose how you want to pay. Options typically include a bank transfer, debit/credit card, or direct payment from a UAE bank account.
Each payment method may have different fees and processing times.
Review Exchange Rates and Fees:
Remitly displays the current exchange rate for the transfer. For example, if you send money from the UAE to India, you’ll see the AED to INR conversion rate.
Review applicable fees based on your chosen transfer type (Economy or Express).
Double-check all Information: Ensure that all recipient details, delivery methods, and transfer amounts are correct to avoid any delays or errors in the transaction.
4. Confirming the Transfer
Double-Check Details: Confirm the recipient’s information, chosen delivery method (bank account, UPI, or cash pickup), and the estimated delivery time.
Review Costs: Ensure you know the total cost, including any fees.
Finalise the Transfer: Once everything looks correct, confirm the transfer. You’ll receive a confirmation email or SMS with a tracking number, which you can use to monitor the status of your transfer.
Tips for Quick and Secure Transfers
1. Use Verified Payment Methods
Using a verified payment method speeds up the transfer and reduces the risk of errors. Remitly allows you to save your payment details for future use, making the process faster each time. Similarly, platforms like Vance provide the convenience of saving payment details and streamlining future transactions.
2. Choose Faster Transfer Options
Remitly offers different transfer speeds, such as Economy and Express. Opt for the Express service if you need the money to arrive quickly. Conversely, Vance has become popular among users who need quick transfers without compromising on competitive exchange rates, offering a balance between speed and cost.
3. Keep Your Documents Ready
For larger transfers, you may need to provide additional documentation. Having these documents ready can ensure a smooth and timely transaction.
Commonly Required Documents:
Government-issued ID (passport, driver’s license)
Proof of address (utility bill, bank statement)
Source of funds (pay stubs, bank statements)
4. Track Your Transfer
After initiating the transfer, you can track its status via the Remitly app or website. This feature helps you stay informed about your money’s journey until it reaches its destination.
Steps to Track:
Log in to your Remitly account.
Go to the ‘Track Your Transfer’ section.
Enter your transaction ID if needed to view real-time updates.
For users who prioritise staying updated, Vance offers a similarly robust tracking feature, with the added benefit of real-time notifications and more detailed transaction histories.
Make Secure Transfers to India with Vance
Experience lightning-fast money transfers from the UK and UAE to India with Vance. Get real-time Google rates on all your money transfers with no hidden fees - no surprises, just the best deals on every transfer.
Stay ahead with our exclusive rate alerts, tracking the Pound 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.
In Conclusion
When you follow these steps, sending money abroad with Remitly is efficient and secure. By understanding how to set up your account, choosing the proper payment methods, and tracking your transfers, you can ensure a smooth experience.
For those seeking an alternative, Vance offers similar benefits, focusing on user experience and security, making it another excellent option for international money transfers.
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 accuracy, completeness, or reliability of the information provided. 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. What steps should I follow to send money abroad using Remitly?
Set up an account, choose your recipient, select a payment method, confirm the transfer, and track its progress.
Q2. How do I ensure my money transfer with Remitly is processed quickly?
Use the Express option and verified payment methods to speed up the process.
Q3. What documents are needed when sending money with Remitly?
You may need a government-issued ID, proof of address, and a source of funds, especially for more significant amounts.
Q4. How do I track the status of my Remitly transfer?
Log in to your remitly account and use the ‘Track Your Transfer’ feature for real-time updates.
Q5. Are there specific countries where Remitly offers faster transfer speeds?
Yes, Remitly’s Express service provides faster transfers to select countries listed on their website.
Rupali enjoys writing about everything related to money (in India and around the world). A MICA graduate in Communications, she has over seven years of experience in content creation and communication strategy for various user touchpoints, from CRM to UX for apps and websites, especially in fintech and healthcare. Outside of work, you'll find her binging on true crime documentaries or cooking up a storm.
