Remitly Remittance: Simplifying International Money Transfers

1. Introduction

Remitly is an international money transfer company present in several countries. It is a digital money transfer service which allows people to send money to different countries. Remitly makes it easier to send money internationally, but it is also important to understand the various challenges associated with sending money. Remitly has over 2 million customers globally and sends over $6 billion in transfers each year. Users can send money from the US, UK, and Canada to over 40 countries. Remitly is a cheap and faster option for sending money because it transfers money using the mid-market exchange rates and charges lower fees for its services. It is also easy to use as money can be sent using the Remitly website or the Remitly mobile app. Every user must set up an account with Remitly to send money. This can be done easily by following the instructions provided on the Remitly website. Money can be sent using a credit or debit card, which allows for quick money transfer. Also, money can be sent from the bank account, which usually takes longer than a card transfer. Remitly also allows tracking of money transfer by providing email and SMS alerts as the money gets to the recipient. Finally, Remitly provides a 100% satisfaction guarantee to its customers. This means that senders have peace of mind when using the service. The guarantee includes a refund of both the transfer amount and fees in case the sender cancels the transfer for any reason before the money is picked up or deposited. Also, if there is an issue with the service, one can get in touch with Remitly at any time for help. Users can get to know whether the service is transparent and suitable for them. The pros and cons of the service have been examined to provide a well-informed guide to its use by senders.

1.1. Overview of Remitly Remittance

Remitly, an online international money transfer service, is able to provide users with a reliable and efficient platform to transfer money globally. On creating an account with Remitly and entering crucial personal details such as the recipient’s location and payment method, users can transfer money or check the history of previous money transfers with just a few button clicks. The platform’s easy-to-navigate interface means that the complex process of transferring money to another country can be achieved in a matter of minutes. When initiating a transfer, users are clearly informed of the current exchange rate, the expected processing time, and any additional fees that may apply. Another key feature of Remitly is the option for users to send a transfer through either the ‘economy’ or ‘express’ service. The economy service offers zero transaction fee but money transfer time is prolonged, lasting from three to five working days, possibly excluding any public holidays. On the other hand, the express service ensures that most transfers are processed within hours, but small fees for the transfer are deducted in return for this significant reduction in money transit time. This variety of options allows Remitly to be a versatile platform for different users depending on the amount of money to be transferred and the urgency of the transfer. Users can also be kept up to date with the status of the transfer via email and tracking number as the team at Remitly aim to keep every customer informed and therefore reassured at every stage of the process. The security in place while using Remitly is allegedly of high standards, with some reviews comparing procedures to that of banks, such as the use of customers sending personal information via the Secure Socket Layer (SSL) software and the full encryption service that Remitly provides.

1.2. Importance of International Money Transfers

One of the most obvious reasons why people need to send money across borders is due to regular payment to relatives. For example, many migrants often receive their wages in a bank account and would have to send the money back to their family living in their home country. The money sent will be used to support the living expenses of their family, such as food, water, education, and etc. Students as well have to send money cross border for their tuition fees as well as living expenses while studying abroad. With the increase in trade not just between nations but also continents, many companies and businesses today have clients or suppliers located internationally. As such, many SMEs or small-scale importers and exporters would have to send money cross border for their trade. Many international companies would use money transfer services companies that specialize in allowing businesses to make international payment and transfers instead of using banks. Moreover, in the recent years, with the increase in ease of travel, more people are living, working, or retiring abroad. This trend leads to an increasing need for people to send money across borders. For example, retired expats would relocate to a warmer country and would wish to enjoy the sunshine and their retirement. However, these retirees would still want to be able to send money back to their family in their home country to support them. This is a very important lifeline for these families as the money sent is used to pay for the cost of living. This very factor would include anything from general family support, mortgage payments, or even medical expenses.

1.3. Challenges in Sending Money Internationally

Another challenge is posed by the fees that come with international money transfers. According to the World Bank, the global average cost of sending money is around 7%. In addition to flat fees, i.e., a set fee that might be attached to any given transaction, many services also draw a profit from the exchange rate by offering a worse rate to their customers but not disclosing this fact outright. This is known as “currency conversion markups”. High transfer fees and exchange rate markups often deter people from sending money home regularly and have a very real and lasting impact on both the sender and the recipient’s financial stability. Also, there are strict and complex regulations that all money transfer services must follow. Almost every country in the world has its own laws surrounding money laundering, fraud, financial regulation and consumer protection, and all money transfer services operating within and between these countries must ensure that they comply with these laws. This makes the international money transfer industry a very legally complex one to navigate. However, there are benefits and the continuous creation of new and different platforms and services. First, in an increasingly digital age, international money transfer services are becoming quicker and more user-friendly. As people become more used to solely using card services or internet banking, the demand for these money transfer services, and the subsequent attention and investment given to them from businesses and developers, is ever increasing. This is reflected in recent trends of ever decreasing total annual cost of sending money and a significant rise in “fin-tech” solutions present on the market today. And second, many countries rely on the financial stability provided by money sent from abroad. This is recognised in the United Nations Sustainable Development Goal 10, which states, albeit broadly, that we must “reduce inequality within and among countries”. As a result, overseas development funds and charities have recently begun working with money transfer services to streamline the process of converting and delivering donations and global aid, with some eyeing the possibility of being able to track donations and see their impact in real time. However, in order to reap these benefits of innovative and modern technology, all the challenges of high fees, lack of regulation transparency and the difficulty of navigating such a complex and diverse market must first be addressed.

2. How Remitly Works

After starting this process, you provide the amount of money you intend sending. After doing this, the system will calculate and display the amount to be received by the recipient in the local currency. It is important to note that the exchange rate and the processing time for the transfer will also be displayed. When you get to this stage, my interpretation is that you can still walk out by just closing the account. However, the most difficult part is providing the revert is reported as successful. After this stage is completed, the transfer is marked as complete and your recipient will receive the money depending on the method chosen. The last and the most interesting bit of it is the chance to track the money. Remitly provides text updates as well as an email for the purpose of updating both the sender and the recipient on the progress made. You can also check the status on the dashboard. So if everything goes through, you will see the status as successful title with a green pass mark. All the previous stages will show a green pass mark once a certain stage is successfully completed. However, the most important thing to note is what is stated at the footer of the last page after the process is complete. It says that the sender will not have the right to cancel the transfer after this stage. This means that not only you but even Remitly themselves cannot help you after you complete a stage and you change your mind. And it is highly likely you can change your mind when you think that all is not well giving the fact that Remitly has a note stating that one can walk out of the entire process by just closing the account.

2.1. Registration and Account Setup

The first step to using the service is to sign up for an account. You can do this completely online and it should take no longer than a few minutes. When you sign up, you will need to provide some important personal information such as your photo identification, social security number, and date of birth. This is because Remitly is required by law to confirm your identity before you can start using the service. Once you have provided all of the necessary information and your account has been approved, you can start making your transfers straight away. To set up a Remitly account, you can either go to the website or use the mobile app. It’s worth noting that if you choose to apply via the app, you will need to have your photo identification ready so that you can take a clear photo of it using your device’s camera when prompted. Also, you will need to provide your mobile phone number at some point during the application process, and you will receive a verification code by text message which needs to be entered in order to complete your registration. However, if you are using the website to sign up for the service, you will automatically be asked to enter the activation code which will be sent to your email – so it is slightly different from registering via the app. The activation code will come in a link in your email which Remitly uses to make sure that your email address is also valid and working.

2.2. Selecting the Recipient and Transfer Details

Once the transfer is initiated through the selected service and the transfer amount and other details are entered, the next step is to select the transfer details and the person to whom the money is to be sent. As described in previous write-up, Remitly has two kinds of services, the Express Service and the Economy Service. Depending upon the service type, the method to enter recipient’s details is different. If the amount is to be transferred through the Express service, then “one-step transfer” can be used. In this method, the details of the person to whom the money is to be sent can be entered by selecting a person if he had been transferred money before or by adding a new person as a recipient. On the other hand, if the amount is to be transferred through the Economy service, the “step-by-step transfer” method can be used. In this method, one person can be selected to whom the money is to be transferred or in the first step, money can be transferred to oneself by providing one’s own details. After entering the details, recipient’s foreign currency and the transfer purpose are to be selected from the given options. Some transfer purposes from the given list are to be selected and the options include food and daily living, utilities, household goods, education, and so on. In the case of cash pickup facility as the method of money delivery, the name and the country of the agent with which the recipient usually deals is to be chosen. On the other hand, if the transfer method direct to bank is selected, then the receiving option i.e. home delivery or account deposit is to be selected and the bank details where the amount is to be transferred are to be provided (Recipient’s Introduction to Remitly: Creating an account and sending money with Remitly).

2.3. Choosing the Transfer Method and Delivery Options

Remitly offers a few different delivery methods and transfer options, so based on the recipient’s location and desired speed of funds arrival, one can choose the best way for them. Some available transfer delivery options are bank deposit, cash pick up, and mobile money. Bank deposit is the most commonly used and recommended transfer option, according to the website. With bank deposit, funds will arrive directly to the recipient’s bank account, anywhere from a few minutes to three business days. Typically, you will need the recipient’s bank name and account number to send money to their bank account. This information can be found on the recipient’s bank statement, your online banking website, or by calling the recipient’s bank. Cash pick up is quick and in some cases instantaneous. This transfer option is also a great choice if your recipient is located close to one of Remitly’s Nationwide Partners, such as Banco Azteca, Elektra, and BanCoppel. However, it also has higher transfer fees and in some cases, exchange rates are not as favorable as the option of bank deposit. Lastly, with mobile money, funds will be available almost instantly for your recipient. This transfer delivery option allows you to send money to your recipient’s mobile wallet, which can be used for bill payment and airtime purchase. Although it also has higher transfer fees, the available mobile wallet will depend on the recipient’s location and the mobile carrier. After choosing the transfer delivery method, you will then need to select a way to pay for the transfer, which is also called the transfer payment option. There are options of providing bank account information and using a debit or credit card to pay for the transfer. The website states that if you use your bank account, you will get the benefit of no extra fees for the transfer delivery and a better exchange rate. However, it will take four business days for Remitly to process the payment and for the funds to be delivered if you use this transfer payment option. On the other hand, using a debit card will have the benefit of fast transfer delivery, which takes a few minutes to three business days. However, you will need to pay extra fees for using a debit card, which vary. For example, the cost to pay with a debit card for $100 is around $5.99 to $7.99, according to the website. When using a credit card, you will still pay extra fees for using this payment option, and the cost is similar to using a debit card. But the main disadvantage of a credit card as a payment option is that you will be charged a cash advance fee by the credit card company, and your recipient may also be charged a fee by their financial institution.

2.4. Confirming and Completing the Transfer

Once the details have been confirmed, the user will be prompted to enter their payment details. If the user has selected bank transfer, they will need to provide the details of their bank account. If they are paying by card, the user will be prompted to enter the 16-digit card number, expiry date, and the CVC security code which is usually found on the back of the card. Once the payment details have been confirmed, the transfer is not complete until the user receives a separate confirmation email from Remitly. The content of this email may differ depending on the services that the user has used to facilitate the transfer and the requirements of the receiving country. However, in every case, the email will include a summary of the transaction and the amount to be paid in the selected foreign currency. Finally, the stated delivery time will commence from the moment that the user receives the confirmation email. This is an important point to remember when choosing the delivery option as the user can only select from the available choices presented for the delivery time actually calculated from confirmation of the transfer.

3. Key Features of Remitly

Remitly stands out for its speedy and efficient money transfer process which begins with an easy sign-up procedure. The remitter is required to fill in simple details and scan a copy of the identification document. Registered users only need to log into their accounts to start the transfer process. The exchange rates are reasonable and competitive. This is really important when one is sending large amounts of money. The remitter enjoys low fees and his or her recipient gets the exact amount that was sent. Remitly carefully indicates the exchange rate and the amount of money that the recipient is expected to receive. The entire transfer process is secure and the sender is constantly updated at each stage. Remitly allows for the transfer of money to bank accounts, home delivery or cash pick up. This provides much flexibility. The user-friendly mobile app and website are specially designed to enhance the user’s experience. With these options, the remitter can track the transfer and get instant updates. Should need arise, the online support team is always available to handle any queries. Remitly customer support is tailored towards ensuring that the needs of the clients are met. There is a multilingual support team which is accessible 24/7. This ensures that everyone who uses Remitly gets assistance in the most convenient way. The support is available via phone, chat or sending an email. Every query is handled expertly and with the urgency it deserves. In conclusion, Remitly has unique features that enhance not only the transfer process but also the convenience. First, the process is simple and does not involve physical visits to an agent. The rates are competitive and clearly presented which assures the remitter of value for money. The receipts and the tracking options offer additional peace of mind. The mobile app and website, the support team, the flexibility and security combine to give an experience that is unmatched.

3.1. Competitive Exchange Rates

First and foremost, Remitly offers competitive exchange rates. In essence, to understand what this means, we need to understand what an exchange rate is. An exchange rate, as Price (2018) posits, is “the value of one currency for the purpose of conversion to another”. Every single day, the exchange rates for different currencies change; these changes are sparked by the constantly shifting foreign exchange market, also known as the Forex market. Remitly has managed to gain the trust of its clients through offering mid-market rates – these are the rates that you get when you google the word ‘exchange rates between USD and KES’, for instance. Remitly does not add any margins on these rates. However, the aspect of no added margins applies to customers who use the Express transaction choice. For the clients who prefer to use the Economical transaction route, although Remitly does not charge any fees, the service applies a mark-up. As such, clients may not exactly receive the mid-market rate. Nevertheless, the use of the word ‘competitive’ in the heading cannot be overstated. Compared to banks or other money transfer services, even the Economical rates in Remitly are competitive – clients receive better value for their money. Also, it is critical to take note of the fact that sending money during the weekends or on a weekday affects the rate received. Remitly continues to provide estimated times of arrival for each of the rates. Such transparency and up-to-date market information allows Remitly to stand out by continuously putting the interests of the customer first.

3.2. Fast and Secure Transactions

In addition to competitive exchange rates, another benefit of using Remitly is that it offers the fastest, most secure transactions among all money transfer companies. Remitly uses industry standard 256-bit data encryption, which ensures that all sensitive information provided by customers on the Remitly website (or mobile app) is safe and secure. The level of data encryption used by Remitly is the same level of encryption used by banks and many other financial institutions to prevent unauthorized access to sensitive information. Data encryption jumbles up the information sent through the internet and renders it unreadable to any unauthorized person who may try to intercept the information. This means that customers can rest easy knowing that no one is able to “listen in” to the information they enter on the Remitly website. Remitly also employs additional protocols like multi-factor and risk-based authentication processes to help ensure the security and safety of every transaction that is initiated.

3.3. Multiple Transfer Options and Delivery Methods

Another advantage of Remitly is that it offers multiple options to send money to the recipient. As of this writing, you can send money from a debit card, credit card, or bank account. On top of that, there are several delivery methods, and each method varies in the delivery speed. The “Economy” option is the one where the sender pays the lowest fees, and the money will be sent to the recipient’s bank account in their local currency. This process typically takes 3-5 business days. On the other hand, the “Express” option means that the recipient can pick up the cash at a local branch or it can be delivered to their home even on the same day. However, higher fees are incurred, usually around $3.99 to $7.49 depending on the amount. Last but not least, Remitly prides itself on being able to offer a money-back guarantee. Should the money arrive late and the sender has chosen an “Express” or “Economy” delivery, Remitly will refund the transfer fees. This provides peace of mind and reassurance when sending money overseas.

3.4. Convenient Mobile App and Website

Unlike transition agents, Remitly has positioned itself as a digital money transmission network that has leveraged technology to create an entirely online-based money transfer platform. Truth be told, the company does not have any physical locations and for one to make a transaction with them, he/she must have an account with Remitly and must be able to access the internet. The company has made sure that its clients have ease and flexibility when it comes to making transactions and therefore they developed a mobile app that is readily available on the App Store and Google Play. Through the mobile app, clients are able to access their accounts at any time of the day regardless of where they are. Also, tracking of transactions has been made easier through the mobile app. The app informs the client on the progress of the transaction at each and every stage of the transaction. This, in addition to giving the clients assurance that their money is safe, also increases transparency, accountability, and accuracy in the sending and receiving of money all over the world. A client who is not comfortable with the use of the mobile app to make transactions can alternatively use the Remitly website to send money. The website has a very simplistic and user-friendly interface that has quick-links and menu bars that even a first-time visitor will be able to navigate through the website easily. Also, steps involved in the sending of money through the website have been outlined in a clear and precise manner and a client is notified of the progress of the transaction through periodical pop-up notifications. Cleverly, the developers of the website have included multiple language options which include English, Spanish, French, and German. This goes a long way in ensuring that clients from all walks of life and all over the world are able to easily understand the content on the website and are therefore able to enjoy the benefits that come with using Remitly.

3.5. Dedicated Customer Support

The use of innovative technology to make reliable electronic money transfers via the internet is proliferating and Remitly Remittance is among companies that are out to make international money transfers easier. The dedication to people is one thing that keeps on pushing the industry and for Remitly, there is a comprehensive dedicated customer support that is offered to the customers. The Remitly customer assistance has been designed to provide users with all answers that they may have in mind even before deciding to start using the service. This dedicated support that Remitly offers provides the current and potential users with more confidence in using the service in a well-informed manner. First, it is important that I should mention that this customer support is not a kind of a sub-service provided to users who are not familiar with digital money transfer setups. It is rather a perfected structured customer support mechanism that exists as a complementary to the main services. The support may range from general inquiries about signing up for a new account, information that is required on the passport page, and the kind of provider from the drop-down list and such other simple areas. However, in case of complex inquiries, the Remitly customer assistance agents ensure that the issues are sorted out promptly. There is a special email that users can always send inquiries to and the response will be made within just 3 hours. With this level of support 24/7, there is no doubt that Remitly is committed to ensuring that issues are attended to by providing a dedicated customer support service.

4. Benefits and Advantages of Using Remitly

In addition to the notable savings in bank fees and currency exchange spread that Remitly offers, there aren’t any hidden charges or costs. Remitly is upfront about their exchange rates and fees and makes sure customers are completely aware of how much their trade will cost, prior to committing to this transfer. What’s more, the easy and paperless registration process can be carried out from the comfort of your own home and without any documentation required. This means that in comparison to some other money transfer suppliers or high street banks, Remitly’s service is rapid and efficient, with transfers to some destinations taking as little as a couple of minutes. The entire process from registering to completing and sending a trade can be in your terms, when and where you prefer. Remitly is committed to providing the maximum level of safety, security and compliance with regulations and legislation. Remitly is regulated by the Financial Conduct Authority in the UK and licensed as an Authorised Payment Institution. The business retains all customer funds strictly segregated from business funds, meaning that in the unlikely event of insolvency, your funds will be reimbursed in preference to the claims of creditors. The remittance transaction monitoring group makes it their top priority to maintain a safe and secure payment surroundings, guaranteeing the protection of your account and your data. With over 100,000 five star reviews on Trustpilot, customers have consistently reported that they appreciate the speed, reliability and competitive market rates of Remitly’s money transfer service. Through technology and strategic partnerships with established banks, Remitly has developed an extensive network to offer national infrastructures in most of the states it covers. By creating strategic partnerships and embracing innovative payment technology, Remitly has made it possible for customers to send money to countries in Asia, South America and beyond.

4.1. Cost-Effective and Transparent Pricing

But what makes it stand out from the competition, particularly with those popular money transfer services offered by banks? The first thing that stands out when using Remitly for transferring money internationally is the competitive pricing that it offers. Not only are money transfers processed using industry standard exchange rates, but Remitly also promises that it will not charge additional fees for making the international transfer – offering something that is very hard to find with banks, where fees can be plentiful. While the company does consider a number of factors that can affect transfer, such as the amount of money being sent and the destination country, users can select which pricing falls in line with their needs and time scales for the transfer; the company offers the choice of Economy transfer, which is free but can take 3-5 working days, or Express transfer, which may charge a small fee but guarantees that the money will be transferred in a matter of minutes. By allowing such flexibility to the user, Remitly ensures that customers only pay for the services that they need, while making sure that costs are made clear at every step of the money transfer process – even different the stages of payment and transfer will be explained fully. This kind of approach is the very definition of transparent pricing, which serves to build trust with the user and separating Remitly from the many money grab tactics that credit unions, banks, and other transfer services employ.

4.2. Easy Tracking and Monitoring of Transfers

And with the tracking aid on Remitly, customers will be able to trace and monitor their money’s journey from the minute they schedule a transfer until it arrives within the expected schedule. The customer care representatives are always available to help and answer any queries that the customers may have. Besides that, the customer can also keep in the loop of the transfer progress through the numerous email notifications sent by Remitly at every step of the money transfer. This is particularly helpful in case the transfer hits a bump and additional action or a remedy is needed to keep things moving on well. With regular updates about the progress of a transfer, a customer will have peace of mind and be able to plan judiciously as they can tell almost exactly the number of days left before the intended recipient has access to the sent funds.

4.3. Trusted and Reliable Service

Third, Remitly is registered with the Financial Conduct Authority in the United Kingdom as an Electronic Money Service and operates fully remote, being primarily managed through an online system. This is indicative of the stringency of the license requirements that Remitly has met and it provides an extra layer of confidence for users to see that the business is regulated and authorized to transmit international payments, thus ensuring better levels of protection for individuals using the service. Users themselves are further protected by Remitly’s handling of personal data, as the service provider has partnered with Trustwave; a global leader in data protection and storage compliance. Every piece of sensitive information provided through Remitly’s systems, which include user details, payment information, and transfer history, is securely encrypted and stored in data centers certified to the highest levels of security. This is a testament to the commitment Remitly shows in ensuring the privacy and security of its users’ information.

Second, Remitly’s shift away from inflexible operating hours for call centers and shop fronts to a 24/7 entirely online platform makes the service much more accessible than some of the more traditional providers. Users are free to send money at times that are convenient to them, taking time zone differences in their stride. By integrating with modern security processes, such as two-factor authentication, Remitly also provides the quickest possible processing times for completing a transfer. On average, for the ‘Express’ service Remitly offers, delivering money to the given destination can take a matter of minutes as soon as the required security checks have been completed by the user. Again, this is in stark contrast to traditional services, where a delay of several hours or even days is common as employees manually crosscheck transfer information with outdated and vulnerable database records. Not only does this speed serve to make the service more user-friendly and up-to-date, it also demonstrates a commitment to using the latest technologies available to ensure the smoothest possible transaction for every user.

In contrast, using a traditional remittance service often means a lack of user protection and poor dispute resolution processes. For example, a service may not take liability for the errors made by employees or agents in the receiving country. Nor will the service take responsibility for the losses incurred if the receiving bank rejects a transfer; a common occurrence as traditional services rely on a purely transactional approach to sending money in which little to no safeguards exist to ensure that the recipient details will be adequate for the successful completion of the transfer. These inbuilt limitations within the traditional system are fertile ground for exploiting a lack of certainty, both within the market and for individual customers who are left vulnerable.

First, Remitly’s service is backed by industry-leading customer protection programs, such as the 100% Satisfaction Guarantee. This guarantee means that should Remitly fail to deliver on its service promises, the customer can claim a refund for the transfer fees and have the amount sent returned. Having such protection in place not only provides assurance to users that they are dealing with a legitimate and trustworthy business, but it also holds Remitly accountable to maintaining high service standards.

4.4. Extensive Network Coverage for Global Transfers

What is very important in the process is setting the area, the destination country. This is whereby when someone is receiving money, one of the most challenging questions in the process is, how do I get my money? And to start this, the first stage will be to set up the destination country where we find that in many countries there is large type of delivery network. What it simply means is that for those people who are using our service in countries like Mexico, Philippines or even in Kenya, they can either send money to bank accounts, send cash for collection, use mobile money, send airtime top up, mortuary cash delivery and so many other options that we have. Receive mode, so that the receipt can choose how they want to get money. This can in a way help in terms of error prevention, to avoid the money being sent to a wrong place, so because the sender is specifying, it’s either going to this bank account or it’s going in this phone number, so that had been made quite easy. Because the network coverage is supporting the delivery service in the countries, in majority of the cases, we can offer a bank deposit, cash collection, mobile money and airtime top up services. Also there is flexibility for choosing the mode. This mainly depends on the type of area and also depend on the situation of the receipt. And we are always looking to improve and extend the delivery network, to support the reliable and efficient money transfer services. These including the option for choosing how to get the receipt, also ensure a smooth transfer to the money, that is to suit for different needs of moment, to provide reliability and flexibility of the services and just to offer a solution for the question, which is how do I get my money. Also with the flexibility of choosing the mode to receive the money, it can make the transfer faster. Because as the delivery network has been developed and as more options have been made available, for example like mobile money or from mortuary cash delivery to airtime top up these are the fastest one can get in the money, then the arrival time of the money it could be improved. So in summary that we can see there are few features of the network coverage provides by us, it could support the delivery for the range of options for different countries and it could offer flexibility of the choosing delivery mode for different moment and different situation and it could make the transfer faster if the latest options been used by the receipt.