How does Lemonade Finance work?

Lemonade Finance (or LemFi) is a tool for sending money back home. Like any instrument, it’s not perfect but serves you well with the right approach. We prepared an honest review on Lemonade Finance: read how to use it, see what customers say and explore alternative fintech platforms.

About Lemonade Finance

No boring history, just straight facts about Lemonade Finance:

• Founded in 2020, it’s still a young company, compared to other fintech platforms like Western Union or Wise.
• Slightly over 30 countries on LemFi’s map. Customers of Lemonade Finance send money to limited destinations; however, the number keeps growing.
• Available for expats in the US, UAE, UK, Europe and Canada — wide coverage of Lemonade Finance money transfers.
• Not Lemonade Insurance. Lemonade Insurance is a different company, but sometimes it’s confused with Lemonade Finance. Too many lemonades out there!

If you go to the Lemonade Finance website, the interface seems friendly at first glance. It’s attractive and makes you curious — +10 points for this. However, this article is for digging deeper and uncovering the hidden parts of the Lemonade finance money transfers.

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‘Lemonade finance send money’ guide

The inconvenience starts the moment you decide to start the transfer. First things first, you must download the Lemonade Finance app. As someone who is always short on storage, I’d prefer to use the Lemonade Finance website. It’s a pity that it’s designed only for information about the service.

How to get started with Lemonade Finance

Once you get the Lemonade Finance app, your next steps will be:

1. Creating an account. Share your local phone number, address, full name, email and date of birth.
2. Verifying identity. Attach your driver’s licence, personal ID or passport, and don’t forget to take a selfie inside the Lemonade Finance app.
3. Starting your first Lemonade Finance money transfer.

The screenshots of how the process looks like in real life are attached on the Lemonade Finance website here. The procedure is standard for remittance services; LemFi offers nothing overcomplicated or oversimplified; it is quite basic.

‘Lemonade finance send money’ step-by-step

Using Lemonade Finance is simple:

1. Choose countries;
2. Enter how much you’re about to send;
3. Check the Lemonade Finance rate and compare it with other services;
4. Know your fees. LemFi charges depend on the destination. For transfers to Bangladesh, it's 1.49 EUR, while for India, it's 1.99 EUR (as of August 2025).
5. Enter the beneficiary’s details.
6. Select how to pay.
7. Review and confirm.

Unfortunately, Lemonade Finance doesn’t have first-transfer gifts or special offers, so you will need to test the service on the original terms.

If your destination is unavailable, you can join LemFi’s waitlist. To make your family’s life better now, use Profee. This service sends money to over 90+ destinations, way more than LemFi does. Profee is fast, secure and convenient. Try it out today with a welcome offer.

Gift for our readers: a promo code READPROMO for a 0% fee transfer. Use it until September 30th, 2025.

It’s time for some Lemonade Finance reviews! Let the customers spill the tea.

Lemonade Finance reviews

Lemonade Finance rate on Trustpilot is 4.5/5. What's interesting is that there are a really small number of 2—and 3-star reviews. It seems like using LemFi is either a total hit or a total miss.

Positive experiences:

• Speed and reliability. Some customers are satisfied with how fast Lemonade Finance money transfers are. Expats are grateful for the opportunity to support their family and friends in need.
• Responsive agents. A lot of reviews mention that LemFi’s customer support is outstanding. If you need to talk to someone, they’ll reach out to you and do their best to find a solution.
• Great exchange rates. Sometimes Lemonade Finance rates are more beneficial than those of competitors. But we advise you to compare offers anyway, as they change quickly; don’t get trapped with bad rates.

LemFi is a legit choice for expats, as it’s fast and trusted by other migrants. But there is always ​​a fly in the ointment. Lemonade Finance reviews will reveal them all.

Negative experiences:

• Misinformation. Some customers feel fooled by LemFi’s policies. For example, the 10,000 GBP daily limit turns out to be less than 1,000 GBP for some expats.
• LemFi limits access to money. Some accounts are being put under review without access to the money stored in wallets.
• Poor rates. While some are satisfied with the exchange offer, others find LemFi rates bad. One more reason to compare services to avoid losing money.

Well, what can we say here? At least LemFi is a trusted company, not a scam. That's enough if your bar is low. If not, you can search for better alternatives that are honest with their customers and have beneficial rates. Good news: We've already found one for you — welcome, Profee.

Profee, your wise choice

Customers of Lemonade Finance send money fast; Profee’s customers do it stress-free (and fast, too). Your peace of mind is what matters the most to Profee, and this is how it’s achieved:

Welcome offer

The services will treat you to a special first transfer gift (the promo rate, 0% fee or both, depending on your destination). You can test the service cost-efficiently and decide whether it fits you or not. No financial pressure = peace of mind.

Another detail worth noting: getting started with Profee is simple. The sign-up takes just a few minutes — create an account, add your card, verify your ID once and you’re ready to go. Everything is designed to save your time and make the process smooth. From the first transfer you’ll see that the service is clear and straightforward.

Unmatched rates

What’s the most annoying thing about international transfers? Many will say ‘exchange fees’. So Profee pays extra attention to it. The service constantly monitors rates and prepares sweet offers for you.

Rates don’t change during transfers. Profee’s rate will remain the same once you start filling in the details. Your wallet will be safe from sudden fluctuations.

Monitor the dynamics. If you’re the one who plans everything, we have a tool for you. Go to the main page or get the app and find the graph with the rate’s history. Based on it, you can make predictions and send money at the right time.

Add little to no fees, and the peace of mind is secured.

Security

Trusting a random online service with your own money is always scary. That’s why Profee has built a strong security system to protect your funds and data.

A licensed service. Profee operates officially and has all the documentation to prove it. PCI DSS certification. PCI DSS is a global standard for companies that have access to cardholders' data. Being certified means maintaining the required network for customers’ protection. To put it simply, Profee has everything to keep you safe. End-to-end data encryption. Sensitive data is encrypted as soon as it leaves your device. No third party will be able to read it.

Safety = peace of mind.

So, when you Google ‘Lemonade Finance send money ’, remember to try out Profee, too. You’ll lose nothing, but may find real gold.

FAQ — Lemonade Finance money transfers

How to send money with Lemonade Finance?

First, download the LemFi app. Transfers are not available on the web version of the service. After that:

1. Register;
2. Verify identity;
3. Choose countries;
4. Set the transfer amount;
5. Share recipient details;
6. Review transfer details;
7. Pay;
8. Confirm.

You can monitor the transfer history in the app.

How long does a LemFi transfer take?

From minutes to several days.

Can someone send money to my LemFi account?

Yes, if the sender uses LemFi, you can request funds from them.

Why is LemFi transfer taking so long?

There may be mistakes in the transfer details, delayed communication with banks or partner network errors. If it takes more than several days, contact support.

Are there fees for using LemFi?

LemFi is known for offering competitive or even zero fees for certain transfers. However, costs can vary by country, currency, and method of payment. Always review the final amount before confirming a transaction to make sure you know exactly what you’ll pay.

Is LemFi safe?

Yes, LemFi is a licensed company and is considered secure.