Remitly vs DBS Remit - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Remitly and DBS Remit have emerged as leading choices. Both Remitly and DBS Remit online platforms offer efficient and cost-effective and secure international money transfers from Remitly and DBS Remit.

We compare Remitly vs DBS Remit into the unique features and benefits that distinguish Remitly vs DBS Remit, empowering you to make an informed decision based on your specific transfer needs like Remitly vs DBS Remit fees, currencies available, available payment methods on Remitly compared to DBS Remit, support options offered by Remitly vs DBS Remit, speed and more.

Remitly vs DBS Remit: Quick Feature Comparison

  1. Visit Remitly alternative Remitly Visit Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  2. Visit Remitly alternative DBS Remit Visit DBS Remit

    Used By: 2400000
    Currencies Available: 7
    Transfer Fees: S$35
    Payment Methods: Bank deposit
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: S$500
    Max Transfer: S$200,000
    Year Founded: 1968

Remitly vs DBS Remit: Pros and Cons

Remitly vs DBS Remit
Advantages

Remitly Advantages DBS Remit Advantages
  • Remitly has been serving clients for over 13 years
  • Remitly is well rated among clients.
  • Remitly is available internationally.
  • Remitly has multiple currency options.
  • Remitly supports money transfer cash pickups.
  • Remitly is available to iOS Apple device users.
  • Remitly is available to Android mobile device users.
  • DBS Remit has been in operation for over 56 years.
  • DBS Remit boasts a high rating for sending money.
  • DBS Remit operates in numerous international countries.
  • DBS Remit offers an extensive range of currency options for money transfers.
  • DBS Remit has a Apple iOS app on Apple app store.
  • DBS Remit offers a Android Google Play Store mobile app.

Remitly vs DBS Remit
Disadvantages

Remitly Disadvantages DBS Remit Disadvantages
  • Remitly has no PayPal support.
  • Remitly has no Neteller payments support.
  • Remitly has no Skrill payment support.
  • Remitly does have a mobile digital wallet like some others.
  • No home delivery with Remitly.
  • No money order support with Remitly.
  • No live chat support with Remitly.
  • Remitly has no telephone support.
  • Remitly email support is limited.
  • DBS Remit has no PayPal option.
  • DBS Remit has no Neteller option.
  • DBS Remit has no Skrill option.
  • No digital wallets with DBS Remit.
  • No DBS Remit home delivery.
  • No DBS Remit Cash pickups.
  • No DBS Remit money order option.
  • No DBS Remit Livechat.
  • No DBS Remit telephone customer support.
  • DBS Remit has limited email customer support.

Remitly vs DBS Remit Fees and Other Costs

Fee type Remitly Fees DBS Remit Fees
Transfer Fees 0-3.99$ S$35
Min Transfer US$1.00 S$500
Max Transfer US$20,000.00 S$200,000
Payment Methods Bank transfer, credit/debit card Bank deposit
Currencies ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW USD, GBP, AUD, EUR, SGD, CAD, HKD

Remitly vs DBS Remit Restricted Countries

Remitly Country Restrictions

North Korea

DBS Remit Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Remitly vs DBS Remit Transfer Speeds

Transfer Speed Remitly DBS Remit
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Remitly vs DBS Remit Languages

Remitly Supported Languages

English, French, Spanish, Polish, Vietnamese, German, Romanian, Italian and Turkish.

DBS Remit Supported Languages

English

Remitly vs DBS Remit Verdict - Which is better?

Which is best out of Remitly and DBS Remit depends on your needs.

  • Remitly vs DBS Remit Transfer Fees: Transferring money with Remitly costs 0-3.99$ while DBS Remit charges S$35.
  • Remitly vs DBS Remit Supported Currencies: Remitly deals in over 1, where as DBS Remit offers transactions in 1.
  • Remitly vs DBS Remit Payment Methods: Remitly accepts Bank transfer, credit/debit card, while DBS Remit allows transactions via Bank deposit.
  • Remitly vs DBS Remit Transfer Limits: Remitly allows transfers between US$1.00 and US$20,000.00. DBS Remit's range is S$500 to S$200,000.
  • Remitly vs DBS Remit Minimum Age for Account Creation: Remitly requires users to be at least 18 years old, where as DBS Remit has a minimum age requirement of 18.
  • Contact Number: You can reach Remitly at and DBS Remit at .
  • Remitly vs DBS Remit Countries of Operation: Remitly operates in over 1 countries but has restrictions in over 1 countries. DBS Remit serves 1 countries and restricts operations in 1 countries.
  • Remitly vs DBS Remit Client Base: Remitly is used by 3,000,000, where as DBS Remit serves 2,400,000.
  • Remitly vs DBS Remit Year Founded: Remitly was established in 2011 and DBS Remit began its operations in 1968.
  • Remitly vs DBS Remit Customer Rating: Remitly holds a rating of 4, in contrast, DBS Remit has a rating of 3.
  • Remitly vs DBS Remit Headquarters: Remitly has its headquarters at Seattle (US), while DBS Remit is based at Singapore.
  • Remitly vs DBS Remit Employee Count: Remitly employs 1,000 individuals, where as DBS Remit has a team of .
  • Remitly vs DBS Remit Estimated Annual Turnover: Remitly turnover stands at 143100000, while DBS Remit boasts a turnover of 1260000000.
  • Remitly vs DBS Remit Founder: Remitly was founded by , holding the position of . On the other hand, DBS Remit was the brainchild of , currently holding the position of .
  • Remitly vs DBS Remit Supported Languages: Remitly offers support in over 1 languages. DBS Remit communicates in 1.

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Screenshots

Remitly Screenshot

Remitly Screenshot

DBS Remit Screenshot

Remitly Screenshot