Remitly Rate Calculator

Remitly Rate and Transfer Calculator

Deduct from Send Amount Pay Fee Separately

Transfer Summary

Total Amount Sent:

Effective Exchange Rate:

Recipient Gets:

function calculateRemitlyTransfer() { var sendAmount = parseFloat(document.getElementById('sendAmount').value); var exchangeRate = parseFloat(document.getElementById('exchangeRate').value); var transferFee = parseFloat(document.getElementById('transferFee').value); var feeMethod = document.getElementById('feeDeduction').value; if (isNaN(sendAmount) || isNaN(exchangeRate) || isNaN(transferFee)) { alert("Please fill in all fields with valid numbers."); return; } var netAmountToConvert; var totalOutOfPocket; if (feeMethod === "subtract") { netAmountToConvert = sendAmount – transferFee; totalOutOfPocket = sendAmount; if (netAmountToConvert <= 0) { alert("Fee cannot be greater than or equal to the send amount."); return; } } else { netAmountToConvert = sendAmount; totalOutOfPocket = sendAmount + transferFee; } var totalReceived = netAmountToConvert * exchangeRate; var effectiveRate = totalReceived / totalOutOfPocket; document.getElementById('totalSentDisplay').innerText = totalOutOfPocket.toLocaleString() + " (Including Fees)"; document.getElementById('effectiveRateDisplay').innerText = effectiveRate.toFixed(4); document.getElementById('finalReceivedAmount').innerText = totalReceived.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resultWrapper').style.display = "block"; }

How the Remitly Rate Calculator Works

Sending money internationally requires understanding two primary costs: the exchange rate and the transfer fee. This Remitly rate calculator helps you determine the exact amount your recipient will receive after all costs are considered.

Understanding Remitly Fees: Economy vs. Express

Remitly typically offers two main tiers of service that significantly affect your transfer rate:

• Economy: These transfers usually have lower fees (often $0 for larger amounts) but take 3-5 business days to arrive. They often provide a slightly better exchange rate.
• Express: Money arrives within minutes. However, this convenience comes with higher transfer fees and occasionally a slightly lower exchange rate.

The "Hidden" Cost: Exchange Rate Margin

Like most money transfer services, Remitly adds a small "margin" to the mid-market exchange rate. This is why the rate you see on Google might be different from the rate offered in the Remitly app. To find your actual cost, use our calculator to see the Effective Exchange Rate, which is the total amount received divided by the total amount you spent.

Real-World Example Calculation

Suppose you want to send money from the USA to India:

Component	Value
Send Amount	$1,000 USD
Remitly Fee (Express)	$3.99
Exchange Rate	83.10 INR
Recipient Receives	82,768.90 INR

Tips for Getting the Best Remitly Rate

1. Check New Customer Offers: Remitly often gives a promotional rate (significantly higher than the market rate) for your first transfer.
2. Wait for Large Transfers: Fees are often waived for Economy transfers over $1,000, improving your effective rate.
3. Compare Tiers: If you aren't in a rush, always choose Economy to maximize the recipient's amount.
4. Monitor the Mid-Market Rate: Use our calculator when the base currency is strong to lock in a better deal.