Is Remitly or MoneyGram cheaper?

Remitly is cheaper on most of the corridors tested (5–0), but results vary by route and amount. Use the FX Skipper live comparator for your specific transfer.

What is the FX margin of Remitly vs MoneyGram?

Remitly charges an FX margin of 1.5% above the mid-market rate. MoneyGram charges 2.5%. The lower the margin, the more your recipient receives.

Remitly vs MoneyGram — Which is cheaper in 2026?

Which offers better rates and lower fees for transfers?

💡 Affiliate disclosure: Links to providers may be affiliate links. Rankings are always by net amount received, never by commission.

Remitly

FX margin 1.5% 2.5%

Flat fee $2.99 $5.00

Transfer fee None None

Speed Minutes – 3 days Minutes – 3 days

Rating 4.7/5 4.1/5

Visit Remitly ↗

MoneyGram

2.5%

Send online or via 350,000+ agent locations worldwide with cash pickup and bank deposit.

Visit MoneyGram ↗

Head-to-head: recipient gets on 1000 USD equivalent

Corridor	Remitly	MoneyGram	Winner & saving
🇺🇸 USD → 🇮🇳 INR	₹93,557.18	₹92,420.66	Remitly +₹1,136.52
🇺🇸 USD → 🇵🇭 PHP	₱59,721.64	₱58,996.15	Remitly +₱725.49
🇬🇧 GBP → 🇮🇳 INR	₹126,007.88	₹124,541.91	Remitly +₹1,465.97
🇪🇺 EUR → 🇵🇱 PLN	zł4,224.43	zł4,174.23	Remitly +zł50.20
🇦🇪 AED → 🇵🇰 PKR	₨73,698	₨72,405	Remitly +₨1,293

Green = higher net amount. Based on sending 1000 USD equivalent as of 2026-08-07. Check live rates →

🏆 Verdict: Remitly wins 5–0 on these corridors

Remitly delivers more to the recipient on most corridors tested, primarily because its FX margin (1.5%) is lower than MoneyGram's (2.5%). However, results depend on corridor, amount and delivery method. Use the live comparator for your specific transfer.