Choosing a Remitly Business Account vs a Personal Account for International Payments

Publisher preview

If you own a business and are using your personal Remitly account to send money to friends or family, you may be wondering how to pay contractors or suppliers too. In that case, it all comes down to what the payment is for, not how much you’re sending. Ultimately, you want to keep your business and personal payments separate to protect your personal assets and simplify your tax reporting. Business payments go through Remitly Business, and personal transfers stay within your personal account. You’re able to have both a Remitly Personal and Remitly Business account, each registered with its own email address. Here’s how to tell which account a payment belongs in, and how to set up both. This guide is for U.S. businesses paying contractors and suppliers abroad. It compares the two Remitly account types, not business and personal bank accounts. It draws on Remitly’s U.S. personal terms, the Remitly Business terms, and the list of Remitly Business account features. If your personal Remitly account already works, opening a second one can feel like extra work, especially if the payment in front of you is one small invoice. You already know how your account works, and your contractor or supplier is waiting to be paid.

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