BOSS Money vs Remitly: Fees, Rates & Speed Compared
BOSS Money
3.5BOSS Money (by BOSS Revolution) offers international money transfers and mobile top-ups targeting the US-to-Latin America and Caribbean corridors.
Remitly
4.6Remitly specializes in personal international money transfers with a focus on remittances to developing countries, offering competitive rates and fast delivery.
BOSS Money and Remitly are both popular choices for international money transfers, but they take different approaches. BOSS Money, founded in 2006 and headquartered in Newark, New Jersey, USA, is best known for fast, small remittances. 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. Our data shows the difference can be significant — on a $200 USD → NGN transfer, BOSS Money delivers ₦952.83 more to the recipient.
In this comparison
Live comparison: BOSS Money vs Remitly across popular corridors
The table below shows how much the recipient receives when sending through BOSS Money vs Remitly on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | BOSS Money | Remitly | Winner |
|---|---|---|---|
| USD → INR($1,000) | — | ₹94,613.02 | N/A |
| GBP → EUR(£1,000) | — | €1,145.44 | N/A |
| USD → PHP($500) | ₱30,317.63 | ₱29,375.75 | BOSS Money (+₱941.88) |
| USD → MXN($1,000) | MX$17,035.58 | MX$16,902.42 | BOSS Money (+MX$133.16) |
| GBP → PKR(£500) | — | ₨187,984.49 | N/A |
| USD → NGN($200) | ₦273,870.04 | ₦272,917.21 | BOSS Money (+₦952.83) |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between BOSS Money and Remitly
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 | $10,000 |
| Payment methods | Bank Transfer, Debit Card, Cash | Bank Transfer, Debit Card, Credit Card |
| Delivery methods | Bank Deposit, Cash Pickup, Mobile Wallet | Bank Deposit, Cash Pickup, Mobile Money, Home Delivery |
| Regulators | FinCEN | FinCEN, FCA |
| Founded | 2006 | 2011 |
Pros and cons
BOSS Money
Pros
- Strong in Latin America/Caribbean corridors
- Cash pickup at thousands of locations
- Combined with mobile top-up service
Cons
- Limited outside Americas corridors
- Exchange rates can vary significantly
- Lower max transfer limits
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 BOSS Money vs Remitly
Choose BOSS Money if:
- You want the real mid-market exchange rate with no hidden markup
- You want zero transfer fees ($0-$4.99 depending on corridor)
- BOSS Money's strengths (Bank Deposit, Cash Pickup) match your needs
Choose Remitly if:
- You want the real mid-market exchange rate with no hidden markup
- You want to send to a mobile money wallet (M-Pesa, GCash, etc.)
- You need wider country coverage (100+ vs 50+ countries)
- You want zero transfer fees (From $0 to $3.99 per transfer)
Verdict: BOSS Money or Remitly?
Cost winner: BOSS Money
BOSS Money wins on cost in 3 of 6 corridors we tested. For example, on USD → PHP ($500), the recipient gets ₱941.88 more with BOSS Money. BOSS Money achieves this through transparent pricing with the real mid-market exchange rate.
Speed: Similar delivery times
Both providers offer similar transfer speeds. BOSS Money typically delivers in Minutes to 3 days, while Remitly takes Minutes to 3-5 days. The actual speed depends on the corridor and delivery method.
Wider coverage: Remitly
Remitly has broader coverage with 100+ countries and 40+ currencies. Remitly also offers Bank Deposit, Cash Pickup, Mobile Money, Home Delivery.
Bottom line
BOSS Money and Remitly serve different needs well. BOSS Money is best for fast, small remittances, while Remitly excels at cash pickup and global coverage. Your best choice depends on what matters most: cost, speed, coverage, or delivery options.
Frequently asked questions
Is BOSS Money or Remitly cheaper for international transfers?
Based on our data, BOSS Money is generally cheaper across most corridors. BOSS Money charges $0-$4.99 depending on corridor with a 1% - 3% 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. For example, on a $500 USD → PHP transfer, BOSS Money delivers ₱941.88 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, BOSS Money or Remitly?
BOSS Money typically completes transfers in Minutes to 3 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 BOSS Money and Remitly safe to use?
Yes, both are regulated money transfer services. BOSS Money is regulated by FinCEN and has a 3.5/5 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 BOSS Money vs Remitly?
BOSS Money has a maximum transfer of $6,000 (minimum $10), 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 BOSS Money or Remitly?
BOSS Money offers Bank Deposit, Cash Pickup, Mobile Wallet. Remitly offers Bank Deposit, Cash Pickup, Mobile Money, Home Delivery. BOSS Money supports cash pickup, which is useful when recipients don't have a bank account. Remitly supports cash pickup for recipients without bank access.
Should I use BOSS Money or Remitly to send money internationally?
It depends on your priorities. Choose BOSS Money for fast, small remittances, or Remitly for cash pickup and global coverage. We recommend comparing rates for your specific transfer amount and corridor using our calculator above.