Remitly is quickly becoming one of the best money transfer services in Kenya because it allows you to send local currency abroad, no matter where you are or where your loved ones are, while charging low transaction fees of just 0.99 dollars. Plus, with its mobile app available on Android and iOS devices, you can send money to Kenya even when you’re on the go! This makes buying bitcoin with Remitly extremely easy and safe.
How it works
Remitly is an international money transfer company that allows customers to send money to different countries all over the world. The process can be completed either by using a debit card or linking a bank account to your account, then you simply enter how much you want to send and which currency it should be sent in (usually USD). It takes up to three days for your funds to arrive at its destination.
Fees and Exchange Rates
Remitly takes a smaller fee to transfer money overseas, and sends funds from country to country at zero cost. Remitly does not charge for incoming transactions. Customers can send cash as a remittance for others through their account and have it converted into that currency before it is sent, which means you pay either zero or minimal fees on your own transaction. While you may be able to save more on foreign currency exchange rates by traveling with cash or buying a traveler’s check, this isn’t always practical or convenient–nor is it advisable if the goal is to transport large sums of money securely.
User Experience
Sending money abroad is never an easy process. You may not know when to make that money transfer and you may even have to find a place to buy a currency you don’t have or know how to use before exchanging it. This can be time-consuming and often fraught with hidden costs. Moreover, sending payments doesn’t incur international banking fees which can cut into your profits.
Customer Support
Remitly enables anyone to send money home easily. They have the fastest delivery and reliable services. To use their service, all you need to do is register for an account with them, transfer funds from your bank account into your Remitly account and share this information with someone who needs to receive money from you. The funds are then sent directly from your bank account to theirs and there’s a wide variety of ways that this can be done! You can do it on their website, mobile app or through phone by calling one of their agents! All you have to do is enter the recipient’s address and amount, hit send and voila! You’re done.
How to Send Money
Remitly will ask for a few bits of information to get set up, including your mobile number and a U.S. bank account to transfer the money back to. You’ll also need an email address for receiving your notification about completed transfers and access codes for setting up 2-factor authentication on your account. Once you’re all set up, it’s time to start remitting money! Just head over to their website or download their app and select Send. Enter the amount you want transferred, enter where it should be going, decide whether you want it in Kenyan Shillings or another currency like USD and then enter your recipient’s bank details, (which are generally provided by whoever is getting the money). Hit send!
Conclusion
Remitly has made it very easy for families to send money back home. Whether you need to deposit money into a mobile wallet, top up your electricity, pay a monthly bill or just send funds from one family member to another, it’s as simple as downloading the app and making a quick phone call. No more expensive and time-consuming bank transfers!