BOSS Money vs Remitly: Fees, Rates & Speed Compared
BOSS Money ahead on USD → PHP, USD → MXN, USD → NGN; Remitly nowhere.
BOSS Money
Won 3 of 3 routes here
3.5
Remitly
Won 0 of 3 routes here
4.6BOSS Money transfers can be bought at authorised retailers as well as online, and IDT's terms accept payment in cash, by card or by bank debit. Remitly's US service runs through its website and apps and is paid from a bank account or a debit or credit card. If you want to pay cash over a shop counter, BOSS Money's terms provide for it; paying from a bank or card, compare both on one delivery method.
Live comparison: BOSS Money vs Remitly across popular corridors
Recipient payout route by route, BOSS Money against Remitly, from collected quotes (not guaranteed).
| Corridor | BOSS Money | Remitly | Winner |
|---|---|---|---|
| USD → INR($1,000) | — | ₹94,837.50 | N/A |
| GBP → EUR(£1,000) | — | €1,181.05 | N/A |
| USD → PHP($500) | ₱31,295.97 | ₱30,875.50 | BOSS Money (+₱420.47) |
| USD → MXN($1,000) | MX$18,594.77 | MX$18,286.09 | BOSS Money (+MX$308.68) |
| GBP → PKR(£500) | — | ₨182,332.03 | N/A |
| USD → NGN($200) | ₦271,799.29 | ₦270,665.55 | BOSS Money (+₦1133.74) |
BOSS Money vs Remitly: Feature comparison
| Feature | BOSS Money | Remitly |
|---|---|---|
| Overall rating | 3.5/5 (Good) | 4.6/5 (Excellent) |
| Fee structure | $0-$4.99 depending on corridor | From $0 to $3.99 per transfer |
| Exchange rate markup | 1% - 3% above mid-market | 0.5% - 2% above mid-market |
| Transfer speed | Minutes to 3 days | Minutes to 3-5 days |
| Supported countries | 50+ | 100+ |
| Supported currencies | 20+ | 40+ |
| Max transfer | $6,000 | $300,000 |
| Delivery methods | Bank Deposit, Cash Pickup, Mobile Wallet | Bank Deposit, Cash Pickup, Mobile Money, Home Delivery |
| Regulators | FinCEN | FinCEN, FCA |
Paying cash at a BOSS Money retailer or funding Remitly online
With BOSS Money, ask the retailer or the app which payer will hand over the money in the destination country, because IDT says each payer can add its own terms and information requirements, and keep your receipt if you paid in a shop. With Remitly, note the delivery date and time shown before you submit: its agreement ties a refund of the service fee to that promise. On both, enter the recipient's name exactly as on their ID.
IDT's shop-counter network against Remitly's online-only contract
BOSS Money is sold by IDT Payment Services, Inc. Its terms of use (February 2026 edition) describe that company as a licensed money transmitter providing the service in the states where it is licensed, while IDT Payment Services of New York LLC, licensed by New York's Department of Financial Services, provides it in New York; the BOSS Money site gives the NMLS number 935577. Transfers can be bought at participating authorised retailers, online, or in the BOSS Money and BOSS Revolution Calling apps, and every route needs a Member Profile with your name, email address and mobile number, even at a shop counter. You can pay in cash, by credit or debit card, or by debit from a bank account.
Remitly works only online. Its US user agreement covers its website and mobile apps, paid by ACH debit from a bank account or by a debit or credit card. Before you submit a transfer, and again on the receipt, Remitly shows an exact date and time when the money should be delivered. Under what it calls its Perfect Delivery Promise, if the money arrives after that moment you can contact Remitly and ask for the service fees back.
Undelivered money is handled differently as well. IDT says a transfer still unpaid 30 days after the transaction, for any reason, may be cancelled and refunded automatically, and refunds go back to the payment instrument you used, in US dollars only. Remitly cancels a cash pick-up that is not collected within 60 calendar days of first being made available and refunds the amount, taxes and service fees; if it cannot return the money to your payment method after a legally required period, the funds pass to the state. If a mistake in your details stops a transfer, Remitly asks you to fix it and resubmit, and can cancel and refund everything when nothing happens within 72 hours.
BOSS Money vs Remitly: your questions
Can I schedule a repeat transfer with BOSS Money?
Yes, based on a transfer you have already completed. IDT's terms say the recipient, amount, delivery method and payment method must match that earlier transfer, and the repeat can run weekly, bi-weekly or monthly. IDT notifies you the day before, and the date you pick is the day the transfer is processed, so allow for the payer's own handling time. Only Visa and Mastercard credit and debit cards can pay for recurring transfers, and they cannot be edited: cancel and set up a new one instead. The fee and rate are those in force when each transfer is processed.
What is the BOSS Money Wallet?
A digital wallet that IDT may offer in certain foreign countries, reached only through the BOSS Money app in those countries. IDT's terms say the holder can receive money sent through IDT's transfer service, send money to and receive it from other wallets within their home country, and withdraw funds. The same terms say transferred funds are not insured, and that a recipient who takes a payout method or currency other than the one you selected may pay extra to reach the money, or may not be able to receive it.
Can I pay a relative's US utility bill with BOSS Money or Remitly?
BOSS Money offers Domestic Bill Pay, which IDT's terms describe as a way for US residents to pay a phone, utility, cable or other bill from a US biller on behalf of family or friends. IDT recommends using it only for people you know personally, and says it may not be used to send money to anyone other than billers; some billers reject partial or overdue payments. Remitly's US agreement describes a service for sending money from the United States to recipients in other countries.