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Software · head to head

Remitly vs Vanguard

Remitly logo

Remitly

Software

Send money faster to loved ones abroad

From
On request
Rated
-
Full reviewWebsite
Vanguard logo

Vanguard

Software

Investing for your future

From
On request
Rated
-
Full reviewWebsite

The short version

  • 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; Vanguard a 25 USD annual account service fee applies unless the account uses e-delivery, is a Cash Plus Account, is enrolled in an advisory service, or holds 1 million USD or more in qualifying assets
  • They diverge on capability: Remitly covers International remittances, Vanguard covers Low-cost index funds.

Where they differ

Only the attributes on which Remitly and Vanguard actually diverge.

Attributes where Remitly and Vanguard differ
AttributeRemitlyVanguard
Founded20111975

Identical on both: starting price (On request), pricing model (transaction), free tier (No), 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 Vanguard

  • Low-cost index funds
  • Commission-free trading
  • Retirement accounts
  • Financial advisors
  • Investment accounts

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 Vanguard
  • Delivering funds to bank accounts, cash pickup and mobile wallets abroadnot Vanguard

Vanguard

  • Holding low cost index mutual funds and ETFs for long term investingnot Remitly
  • Running IRAs and taxable brokerage accountsnot Remitly
  • Employer retirement plan participationnot 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

Vanguard

  • A 25 USD annual account service fee applies unless the account uses e-delivery, is a Cash Plus Account, is enrolled in an advisory service, or holds 1 million USD or more in qualifying assets
  • Broker assisted trades cost 25 USD each, waived only at 1 million USD in qualifying assets or with an advisory service
  • Options trades carry a 1 USD per contract fee on top of zero commission
  • Transaction fee mutual funds cost 20 USD per online trade below 1 million USD in qualifying assets, falling to 8 USD only at higher tiers
  • Outgoing wire transfers cost 10 USD unless the account is a retirement account or holds 1 million USD or more
  • Commission levels are tied to a Qualifying Assets balance, so the cheapest rates require 1 million USD or more

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

Vanguard

On request
  • Self-Directed Investor$undefined/month
    • Low-cost index funds
    • Commission-free trading
  • Advisory Services$undefined/month
    • All Self-Directed features
    • Financial advisors

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 Vanguard if

  • You need low-cost index funds.
  • You work on Web, IOS, Android.
  • You also want commission-free trading.
Vanguard review

Questions people ask

Is Remitly or Vanguard better?
Neither clearly leads. Remitly starts at On request and Vanguard at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Remitly or Vanguard?
Remitly starts at On request and Vanguard at On request.
Does Remitly or Vanguard run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
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 Vanguard is typically brought in for.
What can Remitly do that Vanguard cannot?
Remitly covers International remittances, Multiple delivery methods, Send money to 200+ countries, Currency conversion. Vanguard covers Low-cost index funds, Commission-free trading, Retirement accounts, Financial advisors. Both handle Bank accounts, Web support, IOS support, Android support.
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