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DolEx review

In business for two decades, DolEx specializes in money transfers to 74 countries with a focus on Latin America.

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The hitch? It doesn’t offer online transactions. But if you live near one of its many US retail or agent locations — more than 2,000 locations combined — that may not be a problem.

Details

Product nameDolEx
Min/max transfer, methods, options, speed, exchange ratesVaries by retail/agent location
Available currenciesEmphasis on Latin American currencies, such as MXN, COP PEN
FeesVaries by retail/agent location
Customer servicePhone, email

Fees, transfer minimums and exchange rates

It’s not easy to learn how much you could pay or even how much you can send online. Instead, you’ll need to visit a DolEx retail or agent location for details on the currencies you want to transfer.

Exchange rates, transfer fees, transfer minimums and transfer methods vary depending on the location.

Available countries

DolEx claims that it its combined payer networks serve more than 74 countries at more than 55,000 locations worldwide. But it appears to specialize in transfers to Latin America — including Mexico, Ecuador and Peru.

How do I send money through DolEx?

To send a money transfer through DolEx, visit one of the retail or agent locations in its network.

Because so much of how DolEx works depends on your specific agent, calling ahead to confirm the information you’ll need for a transfer could be helpful. For most transfers, you’ll need your bank account number, an ID and your recipient’s bank account details

How does DolEx compare to other services?

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
1 - 14 of 14
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Airwallex
Airwallex
Within minutes
$0
After spending $15k in your first 90 days, receive a one-time $500 bonus that will automatically be credited to your account on any FX conversion.
Airwallex can help you make business payments to 150+ countries in 60+ currencies.
Wise (TransferWise)
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Cash App
Within minutes
From $0
With this peer-to-peer payment app make payments to your friends and family with no transfer fees within the US or from the US to the UK or EU.
Instarem
24 hours
From 0%
New Instarem customers will get a special FX rate and zero-fees on their first transfer.
Instarem offers offers rewards on every transaction.
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Western Union
Within minutes
From $0
Enjoy $0 fee on your first online transfer. Western Union makes money from currency exchange. Not valid on credit cards or sends to Cuba.
Western Union sends money online to friends and family in 200+ countries and territories around the world.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Xe Money Transfer for Business
24 hours
$0
Save your time and money with Xe Money Transfer for business.
Currencies Direct (business)
24 hours
$0
Minimizes costs of international transactions and offers custom solutions for business clients. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
Xe
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
CurrencyTransfer
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Currencies Direct
24 hours
$0
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
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What to look out for

  • Physical locations only. DolEx isn’t an online money transfer service. To send money, you must visit a physical location.
  • Exchange rates and fees aren’t fixed. How much you’ll pay varies by DolEx retail or agent location.

Pros and cons

Pros

  • Transfers to Latin American countries. DolEx specializes in transfers to Mexico and 74 other countries.

Cons

  • No online transfers. You can find more transparent services online.
  • Opaque website. Its website doesn’t contain much of the info you’ll need to send money.

Next steps

If you have specific questions about DolEx, call the company’s Customer Service Center at 1-800-892-0210 or email info@dolex.com.

Bottom line

There’s a reason you haven’t heard of DolEx: There’s just not much to work with on its site or elsewhere. If you’re comfortable online, you’ll likely find an easier option to send money to your friends and family worldwide.