Remitly vs Wise comes down to how each company prices a transfer and what the recipient can do with the money. Remitly's USD to MXN pricing page lists flat fees by delivery method (for example $1.99 for bank deposit and $3.99 for cash pickup to Mexico, as of October 2026), while Wise's pricing page lists a percentage fee that "varies by currency" starting from 0.23%, applied on top of the mid-market exchange rate. Remitly is built around paying out to recipients through banks, cash agents and mobile wallets. Wise is built around a multi-currency account and bank-to-bank transfers.
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The two are separate, publicly listed companies. Remitly Global, Inc. trades on Nasdaq under the ticker RELY, per Remitly investor relations. Wise announced its Nasdaq listing under the ticker WSE on May 11, 2026, keeping a secondary listing in London, per Wise's investor release. For more on Remitly's ownership, see Who Owns Remitly.
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Remitly charges a flat fee that depends on the corridor and the delivery method, and it sets its own exchange rate, which can include a margin. Wise charges a percentage fee that varies by currency and converts at the mid-market rate. The total cost of either one is the fee plus whatever the exchange rate costs you.
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On Remitly's side, the fee is a fixed dollar amount per transfer. The US to Mexico pricing table showed three fees as of October 2026: $3.99 for cash pickup, $1.99 for bank or debit card deposit, and $1.99 for mobile wallet. The same page advertises no fee on a new customer's first transfer and a promotional exchange rate on the first 1,000 USD sent. Remitly's help article How much does Remitly cost? covers fees, delivery speed and how the rate is set. Remitly's pages also say the payment method you choose can change both the speed and the fee.
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Wise's model works differently. Its send money pricing page says it uses "the live mid-market rate" and adds an upfront fee. The Wise pricing overview lists that sending fee as starting from 0.23% and varying by currency, as of October 2026. Wise also gives a volume discount once a customer sends more than 25,000 USD (or the equivalent) in a calendar month, and the discount resets on the first of the month.
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What this means in practice: a flat fee costs proportionally less as the amount grows, and a percentage fee grows with the amount. Neither fee tells you the full cost, though. Remitly's exchange rate is its own rate rather than the mid-market rate, so the difference between the two rates is part of what you pay. Fee details for Remitly corridors are covered in Remitly Fees.
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The table below puts each provider's own published numbers next to each other. Remitly's figures come from its Mexico pricing page and its US send limits page. Wise's figures come from its US pricing pages and its USD transfer guide. Every row links the page it came from.

Remitly lists a US maximum of 300,000 USD per transaction, with personal limits that can be lower depending on verification, payment method, destination and history. Wise lists 1,000,000 USD per transfer from licensed states, but caps bank debits at 50,000 USD per 24 hours and card payments at 2,000 USD per 24 hours.
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Remitly's US send limits page says the 300,000 USD ceiling took effect in August 2026. It also says recipient countries and payout methods can have receiving limits lower than your sending limit. Remitly's Mexico page adds that the company limits sending over 24 hours, 30 days and 180 days. To raise a limit, Remitly may ask for ID, a Social Security Number or ITIN, a utility bill, and details on your income or the reason for sending. Tier details are in Remitly Limits.
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Wise's limits depend on how you pay. Its guide to USD transfers lists a personal 60-day ACH ceiling between 50,000 and 250,000 USD, and a card limit of 8,000 USD per 7 days. Transfers over 50,000 USD in 24 hours take longer to process. Customers whose address is in Nevada, American Samoa or the Mariana Islands have lower caps: 50,000 USD per 24 hours and 250,000 USD per 12 months.
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Each provider has trade-offs it states itself. Remitly's rate is its own rate rather than the mid-market rate, and new-customer promotions expire after the first transfer. Wise charges a percentage of the amount, limits how much can be funded by card, and its pricing pages list no cash pickup option.
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For Remitly, the main limitation is how prices are shown. A first transfer with no fee and a promotional rate costs less than later transfers will. The promotion's terms on the Mexico page cap the better rate at the first 1,000 USD. Fees also change with the payout method: cash pickup to Mexico costs twice as much as bank deposit.
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For Wise, the limitations come from the account model. The Wise pricing page charges 6.11 USD to receive a USD wire or Swift payment, and 1.95 USD plus 1.95% per ATM withdrawal after the first 250 USD in a month. The card limits in the USD transfer guide mean a large card-funded send has to be split up or paid by bank debit.
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The better fit depends on the recipient and the amount. A recipient who needs cash, a mobile wallet or UPI points toward Remitly's payout network. A sender who holds several currencies, sends large amounts by bank, or wants the mid-market rate visible points toward Wise. Check both quotes on the same day.
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A decision path built only on the published facts above:

Related reading on other providers: the Western Union corridor guide and the MoneyGram pricing guide.
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No. Remitly and Wise are separate companies with separate stock listings. Remitly Global, Inc. trades on Nasdaq as RELY. Wise is listed on Nasdaq as WSE and keeps a London listing. Neither company owns the other, and their products work differently.
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Remitly's investor relations site identifies the company as Remitly Global, Inc. (NASDAQ: RELY). Wise's May 11, 2026 release announced its Nasdaq listing as WSE, alongside its LSE ticker WISE, and says Wise launched in 2011. Remitly also publishes its own comparison of the two on its blog, and Wise publishes comparisons on its own site. Both are marketing pages written by one of the two companies, so this page uses only each provider's pricing, limits and investor pages.
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This page compares published fees, limits, payout options and corporate facts only. It does not quote live exchange rates, since both providers change them throughout the day. It does not cover business accounts, every corridor, delivery-time guarantees by country, or tax reporting for large transfers.
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For a specific transfer, use Remitly's calculator and Wise's calculator with the same amount and destination. If a transfer shows as pending, What Is a Pending Transaction explains the status.
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All figures on this page come from Remitly's and Wise's own pricing, limits and investor pages, fetched in October 2026. No third-party comparison blogs were used for either company's numbers. Fees and limits change, so the linked pages are the reference for any current transfer.