Regency FX vs Remitly: Fees, Rates & Speed Compared
Regency FX
4.6Regency FX is a UK-based foreign exchange specialist offering bank-beating exchange rates with a dedicated account-management approach. FCA-authorised payment institution suited for larger personal and business transfers.
Remitly
4.5Remitly specializes in personal international money transfers with a focus on remittances to developing countries, offering competitive rates and fast delivery.
Regency FX and Remitly are both popular choices for international money transfers, but they take different approaches. Regency FX, founded in 2013 and headquartered in London, UK, 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. Our data shows the difference can be significant — on a $1,000 USD → INR transfer, Regency FX delivers ₹1712.71 more to the recipient.
In this comparison
Live comparison: Regency FX vs Remitly across popular corridors
The table below shows how much the recipient receives when sending through Regency FX vs Remitly on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | Regency FX | Remitly | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹95,682.42 | ₹93,969.71 | Regency FX (+₹1712.71) |
| GBP → EUR(£1,000) | €1,154.55 | €1,153.17 | Regency FX (+€1.38) |
| USD → PHP($500) | ₱30,735.51 | ₱29,895.68 | Regency FX (+₱839.83) |
| USD → MXN($1,000) | MX$17,173.04 | MX$18,270.40 | Remitly (+MX$1097.36) |
| GBP → PKR(£500) | ₨188,379.38 | ₨188,077.98 | Regency FX (+₨301.40) |
| USD → NGN($200) | — | ₦280,909.46 | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between Regency FX and Remitly
Regency FX vs Remitly: Feature comparison
| Feature | Regency FX | Remitly |
|---|---|---|
| Overall rating | 4.6/5 (Excellent) | 4.5/5 (Excellent) |
| Fee structure | No transfer fees | From $0 to $3.99 per transfer |
| Exchange rate markup | 0.3% - 0.9% above mid-market | 0.5% - 2% above mid-market |
| Transfer speed | Same day to 2 business days | Minutes to 3-5 days |
| Supported countries | 60+ | 100+ |
| Supported currencies | 50+ | 40+ |
| Max transfer | No limit | $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 | FinCEN, FCA |
| Founded | 2013 | 2011 |
Pros and cons
Regency FX
Pros
- Dedicated account managers for every client
- No transfer fees
- Bank-beating rates on larger transfers
- Forward contracts and limit orders available
- FCA-authorised payment institution (FRN 671508)
Cons
- Higher minimum suited to larger transfers
- No card or mobile-wallet funding
- Account onboarding required before first transfer
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 Regency FX vs Remitly
Choose Regency FX if:
- You want the real mid-market exchange rate with no hidden markup
- You need to transfer large sums (Regency FX has no upper limit)
- You want to lock in an exchange rate with a forward contract
- You need a business account for commercial payments
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 need wider country coverage (100+ vs 60+ countries)
- You want zero transfer fees (From $0 to $3.99 per transfer)
Verdict: Regency FX or Remitly?
Cost winner: Regency FX
Regency FX wins on cost in 4 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹1712.71 more with Regency FX. Regency FX 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 Same day to 2 business days for Regency FX.
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
Overall, Regency FX edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, Remitly is the better pick if you need cash pickup and global coverage.
Frequently asked questions
Is Regency FX or Remitly cheaper for international transfers?
Based on our data, Regency FX is generally cheaper across most corridors. Regency FX charges No transfer fees with a 0.3% - 0.9% 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 $1,000 USD → INR transfer, Regency FX delivers ₹1712.71 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, Regency FX or Remitly?
Regency FX typically completes transfers in Same day to 2 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 Regency FX and Remitly safe to use?
Yes, both are regulated money transfer services. Regency FX is regulated by FCA and has a 4.6/5 Trustpilot rating. Remitly is regulated by FinCEN, FCA with a 4.5/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for Regency FX vs Remitly?
Regency FX has a maximum transfer of no published upper limit (minimum $1000), 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 Regency FX or Remitly?
Regency FX 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 Regency FX or Remitly to send money internationally?
For most users, Regency FX offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, Remitly is the better choice if you need cash pickup and global coverage. The best provider for you depends on your corridor, transfer size, and whether you need features like Home Delivery.