ANZ vs Remitly: Fees, Rates & Speed Compared
ANZ
3.4ANZ (Australia and New Zealand Banking Group) offers international transfers for account holders. Like most Australian banks, the service is convenient but costly compared to specialists.
Remitly
4.6Remitly specializes in personal international money transfers with a focus on remittances to developing countries, offering competitive rates and fast delivery.
ANZ and Remitly are both popular choices for international money transfers, but they take different approaches. ANZ, founded in 1835 and headquartered in Melbourne, Australia, is best known for large transfers and business payments. Remitly, operating since 2011 from Seattle, USA, focuses on cash pickup and global coverage. This comparison uses real transfer data collected from both providers across 6 popular corridors to show you exactly which one offers better value for your specific needs.
In this comparison
Live comparison: ANZ vs Remitly across popular corridors
The table below shows how much the recipient receives when sending through ANZ vs Remitly on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | ANZ | Remitly | Winner |
|---|---|---|---|
| USD → INR($1,000) | — | ₹95,833.41 | N/A |
| GBP → EUR(£1,000) | — | €1,142.19 | N/A |
| USD → PHP($500) | — | ₱29,915.84 | N/A |
| USD → MXN($1,000) | — | MX$17,001.15 | N/A |
| GBP → PKR(£500) | — | ₨189,852.24 | N/A |
| USD → NGN($200) | — | ₦272,575.90 | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between ANZ and Remitly
ANZ vs Remitly: Feature comparison
| Feature | ANZ | Remitly |
|---|---|---|
| Overall rating | 3.4/5 (Fair) | 4.6/5 (Excellent) |
| Fee structure | $12-$30 per transfer | From $0 to $3.99 per transfer |
| Exchange rate markup | 3% - 5% above mid-market | 0.5% - 2% above mid-market |
| Transfer speed | 2-5 business days | Minutes to 3-5 days |
| Supported countries | 200+ | 100+ |
| Supported currencies | 50+ | 40+ |
| Max transfer | $100,000 | $10,000 |
| Payment methods | Bank Transfer | Bank Transfer, Debit Card, Credit Card |
| Delivery methods | Bank Deposit | Bank Deposit, Cash Pickup, Mobile Money, Home Delivery |
| Regulators | APRA, ASIC | FinCEN, FCA |
| Founded | 1835 | 2011 |
Pros and cons
ANZ
Pros
- Major AU/NZ bank
- Transfer from existing account
Cons
- High exchange rate markup (3-5%)
- Transfer fees ($12-$30)
- Slow delivery
Remitly
Pros
- Express transfers arrive in minutes
- Cash pickup available in many countries
- Mobile money delivery option
- First transfer promotions often available
- Home delivery in select countries
Cons
- Rates less competitive for large transfers
- No multi-currency account
- Focused mainly on remittance corridors
When to choose ANZ vs Remitly
Choose ANZ if:
- You want the real mid-market exchange rate with no hidden markup
- You're sending large amounts (ANZ supports up to $100,000)
- You need wider country coverage (200+ vs 100+ countries)
Choose Remitly if:
- You want the real mid-market exchange rate with no hidden markup
- Your recipient needs cash pickup instead of bank deposit
- You want to send to a mobile money wallet (M-Pesa, GCash, etc.)
- You want zero transfer fees (From $0 to $3.99 per transfer)
- Speed is your top priority — transfers can arrive in minutes
Verdict: ANZ or Remitly?
Cost: Too close to call
ANZ and Remitly are closely matched on cost. Across our 6 sample corridors, neither provider consistently delivers more to the recipient. The best choice depends on your specific corridor.
Faster: Remitly
Remitly is generally faster, with transfers arriving in Minutes to 3-5 days, compared to 2-5 business days for ANZ.
Wider coverage: ANZ
ANZ has broader coverage with 200+ countries and 50+ currencies. ANZ also offers Bank Deposit.
Bottom line
Overall, Remitly edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, ANZ is the better pick if you need large transfers and business payments.
Frequently asked questions
Is ANZ or Remitly cheaper for international transfers?
It depends on the corridor. Our data across 6 routes shows ANZ and Remitly are closely matched on total cost. ANZ charges $12-$30 per transfer with a 3% - 5% above mid-market exchange rate markup, while Remitly charges From $0 to $3.99 per transfer with a 0.5% - 2% above mid-market markup. We recommend comparing rates for your specific transfer using our calculator.
Which is faster, ANZ or Remitly?
ANZ typically completes transfers in 2-5 business days, while Remitly takes Minutes to 3-5 days. Actual speed depends on the corridor, payment method, and delivery option you choose. Bank transfers tend to be slower than card-funded transfers, and bank deposits are generally faster than cash pickups.
Are ANZ and Remitly safe to use?
Yes, both are regulated money transfer services. ANZ is regulated by APRA, ASIC and has a 3.4/5 Trustpilot rating. Remitly is regulated by FinCEN, FCA with a 4.6/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for ANZ vs Remitly?
ANZ has a maximum transfer of $100,000 (minimum $1), while Remitly allows up to $10,000 (minimum $1). Limits may vary by corridor, account verification level, and payment method. New accounts typically start with lower limits that increase over time.
Can I get cash pickup with ANZ or Remitly?
ANZ offers Bank Deposit. Remitly offers Bank Deposit, Cash Pickup, Mobile Money, Home Delivery. Remitly supports cash pickup for recipients without bank access.
Should I use ANZ or Remitly to send money internationally?
For most users, Remitly offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, ANZ is the better choice if you need large transfers and business payments. The best provider for you depends on your corridor, transfer size, and whether you need features like Home Delivery.