Analysis of Remitly's Referral Program: How to Use the Referral Code to Get Rewards?

Remitly is one of the globally renowned international remittance platforms, offering convenient and secure cross-border transfer services. To attract more users, Remitly has launched a referral program that allows existing users to receive rewards by sharing referral codes. This article will provide a detailed explanation of the usage rules of Remitly’s referral codes, the reward mechanism, and how to maximize the utilization of this benefit, helping users save costs when remitting money.

Are there any restrictions on Remitly’s referral codes?

Although Remitly’s referral program provides users with additional rewards, it is only applicable to eligible users and is subject to various restrictions.

Only for new users

The referral code can only be used by new users. Holders of existing Remitly accounts cannot use the referral code to obtain rewards. New users must enter the referral code when registering an account and making their first remittance; otherwise, they cannot enjoy the corresponding benefits.

Cannot be combined with other promotional activities

The referral code cannot be used simultaneously with other promotional activities of Remitly (such as the exemption of handling fees for the first remittance or the offer of improved exchange rates). Before entering the referral code, users should carefully compare different offers to choose the most cost-effective option.

Limited scope of application

The validity of the referral code is restricted by the country and currency. Users in some countries may not be able to use the referral code, or they can only use it in transactions with specific currencies. Therefore, before using the referral code, it is recommended that users check the official Remitly website to confirm the applicable countries and currencies.

What rewards can be obtained by using Remitly’s referral code?

The core of the referral program is to encourage users to invite new friends to use Remitly and provide rewards for both parties. These rewards are usually distributed in the form of remittance credits or cashback.

Remittance credit rewards

When a new user makes their first remittance and uses the referral code, Remitly will provide a certain amount of remittance credit, which can be used to offset future transfer fees or directly increase the received amount. The specific amount of this reward is usually a certain percentage or a fixed amount of the transfer amount, and the specific situation can be viewed in the account.

Referrer rewards

Every time an existing user successfully invites a new user to register and complete their first remittance, they will receive a reward. This reward can be distributed in the form of remittance discounts, cashback, or Remitly account balances, and the specific reward amount varies by country and promotional activities. Users can refer friends to join multiple times, and there is no limit to the number of successful referrals. Each successful referral will earn an additional reward.

How to use the Remitly referral code for remittance?

To successfully redeem the referral code and receive rewards, users need to complete the following steps:

Register for a Remitly account

New users need to create an account on the Remitly official website or mobile application, fill in basic information, and complete identity verification.

Enter the referral code

When making the first remittance, the system will provide an option to enter the referral code. Users need to ensure that they enter the referral code before the transfer; otherwise, they cannot enjoy the corresponding rewards.

Complete the first remittance

After entering the referral code, the user selects the remittance amount, the receiving method, and the payment method (such as a bank account, credit card, or debit card), and completes the first transfer.

Claim the rewards

When the remittance is successful, both the referrer and the new user will receive corresponding rewards. The rewards for new users are usually provided in the form of remittance credits or fee discounts, while referrers may receive cashback or account balances.

Can I use the referral link multiple times?

In Remitly’s referral program, each new user can only use the referral code once and must enter it when making their first remittance. Once the user completes their first transfer, the referral code cannot be used again for that account. This means that the same user cannot use the referral link multiple times to repeatedly obtain rewards.

Nevertheless, Remitly allows existing users to share their referral links multiple times and receive multiple rewards after successfully referring new users. As long as the new user meets the conditions of the referral program and enters the referral code when making their first remittance, the referrer can receive the corresponding rewards. These rewards are usually distributed in the form of remittance credits or cashback and can be used for future transfers.

It should be noted that Remitly’s referral program is usually limited to users in the same country. This means that you can only share the referral link with friends or family members who live in the same country as you, and you cannot refer users from other countries. In addition, the reward amount, validity period, and usage rules of the referral code may vary depending on the policies and promotional activities of different countries. Therefore, it is recommended that users check the latest usage terms before referring to ensure compliance with the relevant regulations.

Is there a minimum transfer requirement for the referral code?

Unlike many remittance platforms, Remitly does not have a minimum transfer amount requirement. Users can freely choose any amount for transfer, and even for a small amount, the referral reward can be triggered. This provides users with greater flexibility, enabling them to also benefit from the referral program when making small transfers.

However, although there is no minimum transfer amount requirement, different transaction limits may be set for certain countries and payment methods. For example, bank transfers may allow higher remittance amounts, while credit card payments may be subject to lower limits. Therefore, before remitting money, users should first understand the applicable transaction rules to ensure the smooth completion of the transfer.

If a user deletes the referral code before making their first remittance, they will not be able to reuse the code to obtain rewards. Therefore, before modifying the referral code, it is recommended that users confirm whether they have successfully claimed the rewards to avoid missing the preferential opportunity.

Conclusion

Remitly’s referral program provides users with an easy way to obtain remittance rewards, but its scope of application and usage rules also have certain restrictions. New users need to enter the referral code when making their first remittance and pay attention to its validity period and the scope of applicable countries. Referrers can invite friends an unlimited number of times and receive multiple rewards.

If you need a more flexible way for large-value international remittances, you can also consider BiyaPay. BiyaPay’s remittance has no limit on the amount, covers most regions and countries around the world, and adopts the most efficient and secure “local remittance” method to ensure the fast arrival of funds, meeting personal and business needs. For users who frequently make international remittances, BiyaPay provides a more economical and efficient solution.