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Software · head to head

Remitly vs Rocket Money

Remitly logo

Remitly

Software

Send money faster to loved ones abroad

From
On request
Rated
-
Full reviewWebsite
Rocket Money logo

Rocket Money

Software

Cancel subscriptions and save money automatically

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Rocket Money has a free tier, so it costs nothing to try first.
  • Each has a real cost: Remitly no fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor; Rocket Money successful bill negotiation costs a one time fee of 35% to 60% of the first year's savings
  • They diverge on capability: Remitly covers International remittances, Rocket Money covers Subscription tracking.

Where they differ

Only the attributes on which Remitly and Rocket Money actually diverge.

Attributes where Remitly and Rocket Money differ
AttributeRemitlyRocket Money
Starting priceOn requestFree
Pricing modeltransactionfreemium
Free tierNoYes
Founded20112016

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Remitly

  • International remittances
  • Multiple delivery methods
  • Send money to 200+ countries
  • Currency conversion

Only in Rocket Money

  • Subscription tracking
  • Bill negotiation
  • Automatic savings
  • Spending insights
  • Credit score monitoring
  • Credit cards
  • Utility providers

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Remitly

  • Sending cross border remittances from a phone or browsernot Rocket Money
  • Delivering funds to bank accounts, cash pickup and mobile wallets abroadnot Rocket Money

Rocket Money

  • Finding and cancelling unwanted subscriptionsnot Remitly
  • Tracking bills and spending in one appnot Remitly
  • Having a third party negotiate down recurring billsnot Remitly

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Remitly

  • No fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor
  • The Express and Economy delivery options have no published price difference

Rocket Money

  • Successful bill negotiation costs a one time fee of 35% to 60% of the first year's savings
  • Premium is priced on a sliding scale and the help centre publishes no fixed monthly or annual amount, stating rates vary across platforms
  • Custom budget categories, financial goal plans, credit score tracking and real time account syncing are Premium only
  • The Premium free trial is 7 days

Pricing, plan by plan

Remitly

On request
  • Express$undefined/month
    • Fast transfers
    • Multiple delivery methods
  • Economy$undefined/month
    • Lower cost option
    • 3-4 day delivery

Rocket Money

Free
  • FreeFree
    • Subscription tracking
    • Spending insights
    • Bill reminders
  • Premium$12/month
    • Bill negotiation
    • Subscription cancellation
    • Smart savings

Which should you pick?

Choose Remitly if

  • You need international remittances.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
Remitly review

Choose Rocket Money if

  • You need subscription tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want bill negotiation.
Rocket Money review

Questions people ask

Is Remitly or Rocket Money better?
Neither clearly leads. Remitly starts at On request and Rocket Money at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Remitly or Rocket Money?
Rocket Money has a free tier; the other does not. Paid plans start at On request for Remitly and Free for Rocket Money.
Does Remitly or Rocket Money run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Rocket Money for free?
Yes. Rocket Money has a free tier, so you can try it without paying. Remitly starts at On request.
What is Remitly best used for?
Remitly is most often used for sending cross border remittances from a phone or browser, delivering funds to bank accounts, cash pickup and mobile wallets abroad. Of those, sending cross border remittances from a phone or browser and delivering funds to bank accounts, cash pickup and mobile wallets abroad are not what Rocket Money is typically brought in for.
What can Remitly do that Rocket Money cannot?
Remitly covers International remittances, Multiple delivery methods, Send money to 200+ countries, Currency conversion. Rocket Money covers Subscription tracking, Bill negotiation, Automatic savings, Spending insights. Both handle Bank accounts, Web support, IOS support, Android support.
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