NatWest vs Remitly: Fees, Rates & Speed Compared
NatWest
3.5NatWest offers international payments for UK account holders through online banking and the NatWest app. Higher cost than specialist transfer providers.
Remitly
4.6Remitly specializes in personal international money transfers with a focus on remittances to developing countries, offering competitive rates and fast delivery.
NatWest and Remitly are both popular choices for international money transfers, but they take different approaches. NatWest, founded in 1968 and headquartered in London, UK, is best known for international money transfers. 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 £1,000 GBP → EUR transfer, Remitly delivers €13.53 more to the recipient.
In this comparison
Live comparison: NatWest vs Remitly across popular corridors
The table below shows how much the recipient receives when sending through NatWest vs Remitly on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | NatWest | Remitly | Winner |
|---|---|---|---|
| USD → INR($1,000) | — | ₹96,140.07 | N/A |
| GBP → EUR(£1,000) | €1,127.09 | €1,140.62 | Remitly (+€13.53) |
| USD → PHP($500) | — | ₱29,950.27 | N/A |
| USD → MXN($1,000) | — | MX$17,091.78 | N/A |
| GBP → PKR(£500) | — | ₨189,195.87 | N/A |
| USD → NGN($200) | — | ₦272,299.44 | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between NatWest and Remitly
NatWest vs Remitly: Feature comparison
| Feature | NatWest | Remitly |
|---|---|---|
| Overall rating | 3.5/5 (Good) | 4.6/5 (Excellent) |
| Fee structure | £15-£25 per international payment | From $0 to $3.99 per transfer |
| Exchange rate markup | 2.5% - 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 | 30+ | 40+ |
| Max transfer | $25,000 | $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 | FCA, PRA | FinCEN, FCA |
| Founded | 1968 | 2011 |
Pros and cons
NatWest
Pros
- Trusted UK bank
- Send from existing account
- Strong online banking
Cons
- Transfer fees (£15-£25)
- High exchange rate markup
- Slower than specialist providers
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 NatWest vs Remitly
Choose NatWest if:
- You want the real mid-market exchange rate with no hidden markup
- You're sending large amounts (NatWest supports up to $25,000)
- 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: NatWest or Remitly?
Cost winner: Remitly
Remitly wins on cost in 1 of 6 corridors we tested. For example, on GBP → EUR (£1,000), the recipient gets €13.53 more with Remitly. Remitly achieves this through transparent pricing with the real mid-market exchange rate.
Faster: Remitly
Remitly is generally faster, with transfers arriving in Minutes to 3-5 days, compared to 2-5 business days for NatWest.
Wider coverage: NatWest
NatWest has broader coverage with 200+ countries and 30+ currencies. NatWest 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, NatWest is the better pick if you need international money transfers.
Frequently asked questions
Is NatWest or Remitly cheaper for international transfers?
Based on our data, Remitly is generally cheaper across most corridors. Remitly charges From $0 to $3.99 per transfer with a 0.5% - 2% above mid-market exchange rate markup, while NatWest charges £15-£25 per international payment with a 2.5% - 3.5% above mid-market markup. For example, on a £1,000 GBP → EUR transfer, Remitly delivers €13.53 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, NatWest or Remitly?
NatWest 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 NatWest and Remitly safe to use?
Yes, both are regulated money transfer services. NatWest is regulated by FCA, PRA 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 NatWest vs Remitly?
NatWest has a maximum transfer of $25,000 (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 NatWest or Remitly?
NatWest 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 NatWest 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, NatWest is the better choice if you need international money transfers. The best provider for you depends on your corridor, transfer size, and whether you need features like Home Delivery.