{"id":792147,"date":"2018-08-03T01:00:08","date_gmt":"2018-08-03T05:00:08","guid":{"rendered":""},"modified":"2026-04-09T11:46:24","modified_gmt":"2026-04-09T15:46:24","slug":"xe-vs-wise","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/international-money-transfers\/xe-vs-wise","title":{"rendered":"Xe vs Wise: Who’s better for money transfers?"},"content":{"rendered":"

Xe and Wise are two popular international money transfer services that allow you to send funds to dozens of countries around the world. To decide which service offers the best value for your money, we\u2019ve compared Xe vs Wise side by side on cost, speed, reliability and more.<\/p>

Quick verdict<\/h4><\/div>
\"Fees
Cheap transfers:<\/strong> Wise<\/strong><\/a><\/div><\/div>
\"Exchange
Fast transfers:<\/strong> Xe<\/strong><\/a><\/div><\/div>
\"Clock
Reliability:<\/strong> Tie<\/strong><\/a><\/div><\/div><\/div><\/div><\/article>

Xe vs Wise<\/h3>
<\/th>Xe

\"Xe<\/p><\/th>

Wise

\"Picture<\/p><\/th><\/tr><\/thead>

Exchange rates<\/strong><\/td>Markup of approximately 0.5% \u2013 1.5%<\/td>Mid-market exchange rate<\/td><\/tr>
Fees<\/strong><\/td>Vary depending on currency, destination country and payment method<\/td>Vary depending on currency, destination country and payment method<\/td><\/tr>
Speed<\/strong><\/td>1 \u2013 4 business days
(Within minutes for cash pickup transfers)<\/td>		1 \u2013 4 business days<\/td><\/tr>
Reliability<\/strong><\/td>
  • Better Business Bureau accredited<\/li>
  • As part of Euronet Worldwide, it forms the world\u2019s third-largest money transfer business<\/li>
  • Processes over $115 billion in transfers per year<\/li><\/ul><\/td>
  • Used by 16 million people and businesses around the world<\/li>
  • Processes \u00a39 billion (approx. CAD $15.37 billion) in cross-border transactions every month<\/li><\/ul><\/td><\/tr>
Security<\/strong><\/td>
  • Two-factor authentication<\/li>
  • Biometric verification<\/li>
  • Security operations team monitors transactions for any irregularities<\/li><\/ul><\/td>
  • Two-factor authentication<\/li>
  • Biometric verification<\/li>
  • 24\/7 digital security team<\/li>
  • Client funds held in segregated accounts<\/li><\/ul><\/td><\/tr>
Trust<\/strong><\/td>
  • Founded in 1993 and headquartered in Ontario<\/li>
  • Regulated by central banks and financial regulatory authorities around the world, including the Financial Transactions and Reporting Analysis Centre of Canada (FINTRAC) and l\u2019Autorit\u00e9 des march\u00e9s financiers (AMF) in Quebec<\/li><\/ul><\/td>
  • Founded in 2011 and headquartered in London, UK<\/li>
  • Regulated by central banks and financial regulatory authorities around the world, including the Financial Transactions and Reporting Analysis Centre of Canada (FINTRAC) and l\u2019Autorit\u00e9 des march\u00e9s financiers (AMF) in Quebec<\/li><\/ul><\/td><\/tr>
Reviews<\/strong><\/td>4.3\/5 stars based on 68,634 Trustpilot reviews<\/td>4.3\/5 stars based on 216,415 reviews<\/td><\/tr>
Customer service<\/strong><\/td>
  • Live chat<\/li>
  • Phone<\/li>
  • Email<\/li><\/ul><\/td>
  • Phone<\/li>
  • Email<\/li><\/ul><\/td><\/tr>
Number of countries<\/strong><\/td>200<\/td>76<\/td><\/tr>
Number of currencies<\/strong><\/td>100<\/td>52<\/td><\/tr>
Payment methods<\/strong><\/td>
  • Bank or wire transfer<\/li>
  • EFT<\/li>
  • Credit card<\/li>
  • Debit card<\/li>
  • Interac e-Transfer<\/li>
  • Bill payment<\/li><\/ul><\/td>
  • Bank transfer<\/li>
  • Direct debit<\/li>
  • Credit card<\/li>
  • Interac e-Transfer<\/li>
  • Debit card<\/li>
  • Bill payment<\/li>
  • Apple Pay<\/li>
  • Google Pay<\/li><\/ul><\/td><\/tr>
Delivery methods<\/strong><\/td>
  • Bank transfer<\/li>
  • Cash pickup<\/li>
  • Mobile wallet<\/li><\/ul><\/td>
  • Bank transfer<\/li><\/ul><\/td><\/tr>
Minimum transfer amount<\/strong><\/td>N\/A<\/td>N\/A<\/td><\/tr>
Maximum transfer amount<\/strong><\/td>$560,000<\/td>$1.5 million<\/td><\/tr>
Business services<\/strong><\/td>
  • International money transfers<\/li>
  • Global payments<\/li>
  • FX risk management with forward contracts, market orders and option contracts<\/li>
  • Currency data API<\/li><\/ul><\/td>
  • Business account details in up to 9 currencies<\/li>
  • Mid-market exchange rate<\/li>
  • Linked debit card<\/li>
  • Accounting software integrations<\/li>
  • Batch payments<\/li><\/ul><\/td><\/tr>
Multi-currency account<\/strong><\/td>No<\/td>Yes<\/td><\/tr>
<\/td>
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\nRelated: <\/span>Compare the best multi-currency cards in Canada<\/a>\n<\/div>\n<\/article>

Xe vs Wise: Which is cheaper?<\/h3>

Xe<\/h4>

Xe marks up the mid-market exchange rate by approximately 0.5% to 1.5% but is still among the most competitive online transfer providers. The markup varies depending on the currency you send. Fees also vary depending on where you\u2019re sending money, in what currency and how you\u2019ll pay for the transfer.<\/p><\/div>

Wise<\/h4>

Wise offers the mid-market exchange rate on international money transfers, which is higher than the rate you\u2019ll get from most transfer providers. Fees vary depending on where your recipient lives and how much you\u2019re sending. Wise charges a fixed fee plus a percentage of each transfer.<\/p><\/div><\/div>

\"Trophy
Winner: Wise<\/strong><\/h4>

Wise has better exchange rates, but Xe generally has lower fees. We found that Wise generally offered slightly better value in our comparisons, but it may depend on where you\u2019re transferring money and the amount you send.<\/p>

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