Remitly vs Wise: Fees, rates, and features compared
Sending money internationally has become easier – but choosing the right service is still not simple. Fees, exchange rates, delivery speed, and payout options can vary widely depending on where you’re sending money and how your recipient wants to receive it.
Two of the most popular digital transfer services today are Remitly and Wise. Remitly is one of the major players in the global remittance space, best known for fast transfers to specific countries. On the contrary, Wise positions itself as a more “financial” alternative, built around transparent pricing and the use of the mid-market exchange rate.
Although this guide primarily compares Remitly and Wise, it also includes BOSS Money as a practical, increasingly popular alternative. BOSS Money supports global money transfers and offers several unique options, especially for users who need cash pickup, flexible payout methods, or lower total costs in certain corridors.
This article will help you understand the fees, rates, and features of all three services so you can choose the option that best suits your needs in 2026.
Overview of Remitly, Wise, and BOSS Money
Remitly, Wise, and BOSS Money all enable international money transfers; however, they’re designed for different users. Understanding how each platform is positioned helps explain why one service may clearly outperform the others in certain situations.
Remitly overview
Remitly was founded in 20111 and quickly became one of the largest digital remittance platforms worldwide. Its primary focus is to help migrants send money home quickly and reliably.
One standout feature of Remitly is its Express and Economy transfer2 options. While Express transfers are faster (and more expensive), Economy transfers are cheaper and often slower.
Remitly also offers delivery guarantees in many corridors, which adds confidence for time-sensitive payments. It has particularly strong support in corridors such as:
- Mexico
- Philippines
- India
- Central and South America
Pricing typically consists of a visible transfer fee and an FX spread, which means the exchange rate offered is slightly worse than the mid-market rate.
The service is regulated in the US and other jurisdictions and uses standard encryption, fraud monitoring, and KYC/AML procedures (we’ll delve into this more later).
However, Remitly has limitations. For instance, transfer limits may apply, certain payment methods are not available in all countries, and FX spreads can make the total cost higher than it appears – especially compared to BOSS Money in some corridors.
- Fast transfers with the Express option
- Strong presence in key remittance corridors
- Easy-to-use mobile app
- Regulated and secure
- FX spread increases the total cost
- Limited payout flexibility compared to BOSS Money
- Cash pickup and methods vary by country
- Not always the most cost-effective option
Wise overview
Wise started operating as TransferWise in 20113 and later rebranded to Wise4 as it expanded beyond simple transfers into broader financial services. Its core philosophy is transparency.
Unlike traditional remittance providers, Wise uses the true mid-market exchange rate5 and charges a clearly stated fee. This makes Wise especially attractive for users who prioritize FX fairness over delivery flexibility.
The platform supports a large number of countries and currencies, particularly for bank-to-bank transfers. Fees are typically a percentage of the transfer amount and a small fixed charge, which is shown upfront before you send money.
You can get easy access to the service using both web and mobile apps. Many people laud Wise for its clean, intuitive user experience.
That said, Wise has its downsides. For example, cash pickup is not widely available, and the platform is primarily for users with bank accounts on both ends of the transaction.
For recipients who prefer cash or alternative payout methods, Wise may not be ideal.
- Uses the true mid-market exchange rate
- Transparent, upfront pricing
- Strong UX on web and app
- Broad currency support
- Limited cash pickup options
- Not designed for unbanked recipients
- Slower in some corridors
- Less flexible than BOSS Money
BOSS Money overview
BOSS Money positions itself as a global transfer service built for real-world needs, particularly for migrants and families who rely on regular international transfers.
Unlike Wise and even Remitly, the service focuses heavily on delivery choice. Depending on the corridor, users can send money via:
- Bank transfer
- Cash pickup
- Mobile wallet
- Home delivery
In many corridors, the platform doesn’t require the recipient to have a bank account or fixed address, making it more accessible than Wise and, in some cases, more flexible than Remitly.
While BOSS Money provides clean mobile apps and digital tools, its real strength lies in combining digital convenience with agent networks and, where available, offline access.
Like other providers, BOSS Money is regulated, complies with KYC/AML requirements, and implements security measures to protect users.
- Multiple payout methods (cash, bank, wallet)
- Often more cost-effective in cash-pickup corridors
- Transparent pricing in many scenarios
- Not available in every country
- Transfer limits may apply
Fair cost comparison: fees and FX
When comparing international money transfer services, the most common mistake users make is to focus only on the visible transfer fee.
While fees matter, they are only one part of the total cost. The true cost of a transfer depends on both the fee and the exchange rate applied to your money.
This is why a service advertising a “$0 fee” is not automatically cheaper. If that service applies a large markup to the exchange rate, the recipient may end up receiving less money overall than with a provider that charges a small fee but offers a better rate.
How fees and FX margin affect total cost
Most money transfer providers use one of two pricing models, or a combination of both:
This can be a flat fee (for instance, $2.99 per transfer) or a percentage of the amount sent. Fees are usually shown clearly before you confirm the transfer.
This is the difference between6 the mid-market exchange rate and the rate offered by the provider. FX margins are often less visible, but they can have a bigger impact on the final payout than the fee itself.
In the end, what matters is how much money the recipient receives in their local currency. That final amount reflects both the fee and the exchange rate working together.
In some corridors, BOSS Money is more cost-effective than Remitly or Wise because it combines competitive fees with favorable exchange rates – especially for cash pickup or local payout methods.
Remitly vs Wise - real transfer examples
Looking at fees and exchange rates separately can be misleading, so the best way to compare money transfer services is to place them in identical, real-world scenarios.
Below, we compare Remitly, Wise, and BOSS Money using the same send amounts, destinations, and transfer method. In each example, the transfer is made using a debit card from the U.S. to a bank deposit in the receiving country.
The figures are based on data shown in the providers’ official calculators at the time of access, and the key comparison point is the money the recipient actually receives.
Sending $300
When you send smaller amounts, fixed fees and FX margins may impact the final payout. Even small differences in exchange rates can change the amount the recipient receives.
| Provider | Mexico (MXN) | Philippines (PHP) | Brazil (BRL) |
|---|---|---|---|
| Remitly | Total to receiver: up to 5218.167 | Total to receiver: up to 17760.008 | Total to receiver: up to 1600.719 |
| Wise | Total to receiver: up to 5156.9310 | Total to receiver: up to 17508.6411 | Total to receiver: up to 1,565.4911 |
| BOSS Money | Total to receiver: up to 5333.00 | Total to receiver: up to 18113.00 | Total to receiver: up to 1632.00 |
In this case, BOSS Money is more cost-effective because its combined fees and FX rates result in a higher payout across all three destinations.
Sending $500
With higher transfer amounts, pricing models behave differently. Percentage-based fees may increase, while fixed fees become less significant, which makes FX margins even more important.
| Provider | Mexico (MXN) | Philippines (PHP) | Brazil (BRL) |
|---|---|---|---|
| Remitly | Total to receiver: up to 8,720.167 | Total to receiver: up to 29,450.008 | Total to receiver: up to 2,667.859 |
| Wise | Total to receiver: up to 8,604.8210 | Total to receiver: up to 29,211.6011 | Total to receiver: up to 2,612.0511 |
| BOSS Money | Total to receiver: up to 8,888.00 | Total to receiver: up to 30,188.00 | Total to receiver: up to 2,719.00 |
Note: While BOSS Money has an edge, this doesn’t mean it will always be the case. Remember, no service is always the cheapest.
Delivery options & global reach
When you’re sending money abroad, the first thing you need to consider – after the fees – is the way your receiver gets the money. This can vary depending on the money transfer company you use.
Let’s check out how Remitly, Wise, and BOSS Money compare in this area:
Remitly offers a strong suite of delivery options12. Based on the origin and destination countries, recipients can get money through a bank deposit, cash pick-up, mobile money, or home delivery. For example, Remitly supports deposits directly into bank accounts and a wide network of mobile wallets in countries like the Philippines, India, and parts of Africa. In some markets (e.g., Dominican Republic or Vietnam), it even provides doorstep cash delivery.
In terms of payment options, Wise is more limited compared to other money services providers. It mainly deals with bank transfers, which involve sending money directly to the recipient's bank account. Wise does not widely support cash pickup or home delivery, and mobile wallet options are rare. While Wise’s global reach is strong with transfers to around 140+ countries13, this bank-centric model means recipients must have a bank account to receive funds.
BOSS Money stands out for its delivery flexibility. Like Remitly, BOSS Money offers cash pickup, bank deposit, mobile wallet credit, and debit card deposits in several corridors, and even home delivery in some areas. It also offers a number of retail agents across which the sender can make transactions physically. This makes BOSS Money more versatile than Wise and – in many payout scenarios – better than Remitly for recipients who need options beyond bank transfers.
UX, app experience, and accessibility
Ease of use can be just as important a factor as cost. A smooth app, clear web interface, and good accessibility options can make international transfers faster and less stressful for users who send money regularly.
Mobile apps
All three services offer mobile apps, but they are designed with different users in mind. Wise has one of the most polished mobile apps, with a clean, finance-focused interface that clearly shows fees, exchange rates, and transfer progress.
Remitly’s app prioritizes speed and simplicity, guiding users quickly through the sending process with clear delivery timelines. Whereas BOSS Money’s app focuses on practicality and accessibility, making it easy to choose between multiple payout methods, such as cash pickup or bank deposit.
For users who value flexibility over a minimalist design, BOSS Money’s app can feel more useful than Wise or Remitly.
Web interfaces
Wise's online (web) service is very similar to the app and provides a good level of information on costs and exchange rates, which is attractive to clients seeking clarity.
Remitly's website is simple and designed with fast transfers in mind, rather than financial information.
BOSS Money’s web interface emphasizes transfer options and recipient accessibility.
Localizations and languages
Language support is another accessibility feature. Remitly has multiple language support, especially for migrant communities. Wise also has language options, but is often more geared towards globally accepted interfaces.
However, BOSS Money is unique in the sense that it has language support and regionalization, catering to different migrant communities.
Availability of agencies and offline offices
Wise is an entirely online-based money transfer service, meaning it has no agents. Remitly is primarily digital but also offers payout locations for cash pickup.
BOSS Money takes it a step further by offering agent locations and offline access in some regions, making it more accessible for users who prefer in-person support.
In this area, BOSS Money is clearly better than both Remitly and Wise for users who need offline assistance or face digital access limitations.
Remitly vs Wise - Security & regulation
Security and regulation are major considerations when sending money abroad, especially when the transaction entails personal data and financial information. The good news is that Remitly, Wise, and BOSS Money are all regulated financial services, and none operate outside established legal frameworks.
While these checks may sometimes slow down the first transfer, they are an important part of protecting both senders and recipients.
From a technical standpoint, all services use SSL encryption to secure data transmitted between users and their platforms. This protects sensitive information such as payment details and personal data. In addition, all three providers employ fraud monitoring systems that flag unusual activity, helping to prevent unauthorized transactions.
User protection features are also broadly comparable. Remitly, Wise, and BOSS Money allow users to track their transactions, confirm receipts, and access customer support to address their concerns.
In some cases, refunds or corrections may be available if a transfer fails or is delayed due to provider error.
When each service makes sense
No single money transfer service is perfect for every user or every situation. However, there are some ‘clear’ best-fit scenarios.
When Remitly is a strong choice
Remitly works well when speed is the top priority. Its Express transfers are designed for urgent situations where funds need to arrive quickly. It’s also a solid option when you send money to one of its well-supported corridors, such as Latin America or Southeast Asia.
For users who prefer paying with a debit card and want a simple, guided sending experience, Remitly can be convenient.
When Wise is a strong choice
Wise is a good fit when the mid-market exchange rate is important, and both the sender and recipient are comfortable with bank-to-bank transfers.
It is suitable for users who want a fully digital experience with transparent pricing and detailed cost breakdowns. Wise is often preferred by users managing international finances over traditional remittance services.
When BOSS Money is a smart choice
BOSS Money makes the most sense for users who send money regularly and need flexibility. It is particularly strong when the recipient needs cash pickup or alternative payout methods instead of a bank deposit.
With multiple delivery options and competitive pricing, BOSS Money is often better than Remitly or Wise in real-world situations where accessibility and flexibility matter most.
Final verdict: Which is best in 2026?
There is no single “best” money transfer service in 2026. The right choice often depends on where you are sending money, how quickly it needs to arrive, and how the receiver wants to get it.
Remitly is a good option for users who want fast transfers to specific countries and prefer using a debit card. For time-sensitive payments, Remitly’s Express option can be convenient, even if the total cost is sometimes higher due to FX spreads.
Wise is a strong choice for customers who value exchange rate transparency. Its use of the mid-market rate is ideal for bank-to-bank transfers and digital-only users who are comfortable with online financial tools and do not need cash pickup.
BOSS Money can be a more cost-effective option in many real-world scenarios, especially when cash pickup, flexible payout methods, or clear pricing matter. For regular transfers and practical delivery needs, BOSS Money often offers better overall value than Remitly or Wise.
Sources: all third party information obtained from applicable website as of January 26, 2026
- https://www.remitly.com/us/en/home/about
- https://www.remitly.com/blog/money-transfer/remitly-vs-xoom/
- https://wise.com/gb/about/our-story
- https://wise.com/gb/blog/world-meet-wise
- https://wise.com/help/articles/2932395/whats-the-mid-market-exchange-rate
- https://okoora.com/fx-spreads-explained-and-how-to-reduce-them/
- https://www.remitly.com/us/en/currency-converter/usd-to-mxn-rate
- https://www.remitly.com/us/en/currency-converter/usd-to-php-rate
- https://www.remitly.com/us/en/currency-converter/usd-to-brl-rate
- https://wise.com/us/send-money/send-money-to-mexico
- https://wise.com/
- https://www.remitly.com/
- https://wise.com/us/blog/transfer-large-amount-international
This article is provided for general information purposes only and is not intended to address every aspect of the matters discussed herein. The information in this article is not intended as specific personal advice. The information in this article does not constitute legal, tax, regulatory or other professional advice from IDT Payment Services, Inc. and its affiliates (collectively, “IDT”), and should not be taken or used as such by any individual. IDT makes no representation, warranty or guaranty, whether express or implied, that the content in this article is current, accurate, or complete. You should obtain professional or other substantive advice before taking, or refraining from, any action on the basis of the information in this article.
