Can you open a Remitly business account in Australia?

Remitly is a popular remittance service that serves 170+ countries and territories globally¹. But can you open a Remitly Business Account in Australia in 2025 to pay suppliers or a remote workforce overseas?

In this blog, we’ll answer that questions surrounding Remitly's business account offering and explore alternative solutions for Australian companies.

Table of contents
What is a Remitly business account? Can you use Remitly for business in Australia? Can I send money to a business via Remitly? Alternative solutions in Australia Going global with Wise Business FAQs

Sign up for the Wise Business account! 🚀

What is a Remitly business account?

Remitly is an online remittance service designed to help customers send money to other people overseas. While the term ‘remittance’ is mainly associated with expats and immigrants paying friends and family in other countries, Remitly has recently introduced new features for business use.

Can you use Remitly for business in Australia?

Unfortunately, Remitly does not offer business accounts in Australia. The Remitly Business service, which promises to ‘simplify payments’ when paying teams, vendors, or invoices, is currently only available to US and UK-based businesses. The only option to make payments through Remitly in Australia is their personal account service at the moment.

One other big caveat is that you can’t use Remitly to send money from Australia to someone in New Zealand. The support for countries and currencies varies by region.

Can I send money to a business via Remitly?

Yes, but with limitations. You can send money to a business bank account in select countries, provided you have the recipient’s details. However, the transfer limit is AUD 10,000². This is less than ideal if you want to make regular, larger transactions.

Here are a few other things to consider when using Remitly:

• Sending to businesses might be restricted depending on the country
• Currencies supported vary by region
• You cannot receive business payments into a current account using Remitly
• There’s no integration with accounting software for easy reconciliation

Remitly is better suited for very occasional, low-volume transfers. It’s not built for higher-frequency global transactions.

Alternative solutions to the Remitly business account in Australia

While Remitly does not offer business accounts in Australia, there are several alternative solutions available for those with cross-border business transaction needs. One such option is Wise Business.

Wise Business offers a multi-currency business account that can be used to hold and manage funds in over 40+ currencies without the need for multiple bank accounts.

Additionally, Wise Business offers currency conversions at low and transparent fees with no hidden markups on the mid-market exchange rates. This allows businesses to get the most value out of their cross border business transactions.

Here’s a short overview on the Wise Business account:

Feature	Wise Business
Account opening	Free
Monthly recurring fees	$0
Max international transfer	5,000,000 AUD
Transfer fees	From 0.63%
Multi-currency account	Yes
Local account details	8+ currencies (For a one-time fee of 65 AUD)
Debit cards	Yes
Accounting software integration	Xero, Quickbooks, Zoho Books, FreeAgent, Odoo and more
Invoice and payment tools	Yes

Sign up for the Wise Business account! 🚀

How does money transfer work with a Wise Business account

You can send money to 140+ countries with a Wise Business account. Users can just choose the currency and amount, enter your recipient’s details, and pick how the mode of payment. It then gives a clear breakdown of the fees involved before the transfer is made. In addition, users also get to track every step of the transfer right from the dashboard.

For instance, Wise Business account users can send payments to New Zealand and get local business account details to receive money in NZD. Here's are some of the other major currencies where transfers are facilitated with a Wise Business account:

• US dollar (USD)
• British pound (GBP)
• Euro (EUR)
• Singapore dollar (SGD)
• Japanese yen (JPY)
• Hong Kong dollar (HKD)
• Chinese yuan (CNY)
• Canadian dollar (CAD)

There’s no minimum limit for sending overseas payments. And you cansend up to $5 million AUD per transfer. Also, do checkout a short video on how Wise Business' multi-currency account enables cross-border transactions at scale:

Sign up for the Wise Business account! 🚀

Common cross-border money challenges solved by Wise Business

In today's globalized economy, businesses face numerous challenges when it comes to managing cross-border transactions. From hidden fees and complex currency conversions to administrative burdens and slow transfer speeds, these obstacles can hinder growth and efficiency.

• Hidden costs and fees: Wise Business is always upfront and honest about costs. You get the real mid-market exchange rate every time with no markups, giving you confidence to plan your finances without surprise charges.
• Admin overload: Wise Business integrates with accounting tools like Xero and QuickBooks to automate bookkeeping tasks and save you hours of work every month.
• Slow transfers: Wise offers fast international transfers, often faster than traditional banks, allowing businesses to manage cash flow more effectively.
• Global limitations: Wise Business offers local business account details in 8+ currencies, enabling businesses to receive payments like a local without the need for a dedicated local business account.

Wise Business account fees

While registering for Wise Business is free, you’ll need to pay a one-off 65 AUD fee to get local account details in 8+ currencies. After that, there are no monthly maintenance charges.

Other fees include:

• From 0.63% to send money overseas (varies by currency)
• From 0.63% to convert money in your account (varies by currency)
• 6.11 USD fixed payment to receive payments via SWIFT or USD wire

Going global with Wise Business

If you’re managing a global chain of complex finances daily, Wise Business gives you all the tools to save on fees, simplify your operations, and stay in control — no matter where your money’s going or coming from.

A Wise Business account allows users to can send, receive, and hold in multiple currencies. Experience hassle-free global transactions by transacting like a local business. Here's what you get with a Wise Business account:

• Free to register — Hold and convert between 40+ currencies. Send to 140+ countries
• Debit cards for you and your team, which you can use in 150+ countries
• Multi-user access for team members, with ways to control and manage permissions
• Pay up to 1,000 recipients at once with the Wise batch payments feature
• Integrate with your favourite cloud accounting solutions like Xero, QuickBooks, and more
• Get account details to receive in 8+ currencies for a one-time fee of 65 AUD

Sign up for the Wise Business account! 🚀

This general advice does not take into account your objectives, financial circumstances or needs and you should consider if it is appropriate for you.

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FAQs

How do you close or deactivate a Remitly account?

To close your Remitly account, email Remitly’s customer support and request an account closure. You will then be provided with specific steps to complete the process.

Does Remitly send money directly to a bank account?

Remitly says you “may” be able to send money directly to a bank account. It depends on where the recipient is located. To make a payment, select the currency, total amount, and delivery speed, and then enter the recipient’s name and bank details before clicking ‘confirm transfer’.

Can I send money to an NRE account using Remitly?

Yes, you can send money to an NRE account if it accepts foreign inward remittance. It’s best to contact Remitly to confirm eligibility for specific countries and currencies.

What are features in a Remitly personal account

Remitly’s feature set is quite stripped back compared to other providers. It focuses on what it does best: helping people send money to people overseas.

• International transfers to 100+ currencies in 170+ countries
• Multiple delivery methods, including:
  • Bank deposit
  • Mobile money wallet (e.g. GCASH)
  • Cash pickup at thousands of partner locations
  • Home delivery (in select countries)
• Two transfer speeds:
  • Express (faster, with debit or credit card)
  • Economy (slower, with bank transfer and lower fees)
• Lock in the exchange rate at the time of transfer
• Real-time transfer tracking via the Remitly website or app

Are there any fees with the Remitly personal account

It’s free to create an account. Remitly then states that it always offers “great” exchange rates with no markups. The exact costs depend on the recipient’s country. For example, sending money from Australia (AUD) to the United States (USD) includes a $1.49 standard fee³.

How long does a Remitly transfer take to a bank account

Remitly says delivery speed “varies by location”⁴. It notes that digital transfers via mobile wallets are usually the fastest due to lower processing times, with bank transfers and mail service taking longer.

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Sources:

1. Remitly - Home Page
2. Remitly - Home Page how much money can I send per transfer?
3. Remitly currency converter - AUD to USD rate send money to the United States
4. Remitly - How long do international money transfers take

Sources and data furnished in the article is based on publicly available information as of 26th August 2025