Xpress Money international money transfers

Xpress Money offers instant transfers to more than 160 countries, but check the transaction fee before sending funds.

Quick verdict

Good for
  • Instant transfers
  • Convenient payout options
  • 160,000 cash pick-up locations
  • Competitive exchange rates
Not so great for
  • Transfer fees
  • Paying with bank account or credit card

Xpress Money exchange rates and fees

Xpress Money adds a margin on top of the mid-market exchange rate before selling currency on to you. Even so, these rates are typically better than what you would get from your bank, meaning more of the money you send makes it to your recipient.

Indicative exchange rates are listed on the Xpress Money website, but you’ll need to visit your nearest Xpress Money location to confirm the rate that will apply to your transaction.

You’ll also need to pay a fee for each transaction, but the fee amount varies depending on the currency you’re sending, the size of the transaction and how your beneficiary will receive the funds.

Available currencies

Xpress Money offers fast transfers to more than 160 countries. Supported currencies include the following:

  • NZD New Zealand dollar
  • CAD Canadian dollar
  • EUR Euro
  • GBP British pound
  • INR Indian rupee
  • BDT Bangladeshi taka
  • PHP Philippine peso
  • USD US dollar

What types of transfers can you make with Xpress Money?

Your recipient can access the money you transfer with Xpress Money in the following ways:

  • Bank account transfer. You can deposit funds directly into your recipient’s overseas bank account.
  • Cash pick-up. Your recipient can collect the cash you send from more than 160,000 Xpress Money partner locations around the world.
  • Home delivery. The cash you send can be delivered to your recipient at their home address.
  • Mobile wallet transfer. The funds you send can be deposited directly into your recipient’s mobile wallet.

However, please note that not all transfer methods are available in all countries.

How long does a transfer with Xpress Money take?

Xpress Money offers instant money transfers, with the money you send typically available within minutes.

However, if you’re sending funds that will be delivered to your recipient’s home, the transfer will take longer to process.

What payment methods does Xpress Money accept?

Xpress Money accepts cash payment only.

Is Xpress Money safe to use?

  • Regulation. Registered in New Zealand with the Financial Service Providers Register
  • Established. 1999
  • Global network. 160,000+ cash pick-up locations in 160+ countries

Founded in 1999 in the United Kingdom, Xpress Money is part of the UAE Exchange group of companies. In New Zealand, Xpress Money is registered with the Financial Service Providers Register.

The company claims to have a range of quality checks and controls in place to meet global security standards and to ensure Anti-Money Laundering (AML) compliance. A unique 16-digit PIN is generated for each transaction and provided only to you and your recipient, while you can also track your transaction online or via SMS alerts.

How does Xpress Money make money?

Xpress Money makes money in two ways:

  • By charging a transaction fee each time you send an overseas transfer.
  • By adding a margin on top of the mid-market exchange rate. The mid-market rate is the “real” exchange rate you see quoted on currency conversion websites like Reuters.

How to register an account

As Xpress Money offers cash transfers, there’s no need to sign up for an online account with the service. Instead, you simply need to visit your nearest Xpress Money location to initiate an in-person transfer request.

How do I make an international money transfer with Xpress Money?

You can send a transfer by completing the following steps:

  • Visit your nearest Xpress Money branch.
  • Provide your recipient’s name and contact details and specify how they will receive the money you send. If sending to a bank account, you’ll need to supply your recipient’s bank account details as well.
  • Pay for your transfer.
  • Share the 16-digit XPIN with your beneficiary and then track the transaction online or via SMS alerts.

What is Xpress Money?

Launched in London in 1999, Xpress Money is an instant money transfer service that offers convenient transfers to more than 160 countries. It is part of the UAE Exchange group of companies, which itself was launched in 1980 and has served more than 15 million customers around the world. This UAE-based company also offers the Unimoni online transfer service.

In a nutshell

Pros

  • Send to 160+ countries. Xpress Money allows you to transfer funds to more than 160 countries, making it easy to send money all around the world.
  • Global network. Xpress Money’s network of partner locations exceeds 160,000, allowing for convenient cash pick-ups.
  • Competitive exchange rates. The exchange rates on offer from Xpress Money are generally better than those you can get from your bank.
  • Multiple payout options. From bank transfer to cash pick-up and home delivery, your recipient can access the money you send in several ways.

Cons

  • Transfer fees. Xpress Money charges higher transaction fees than some other money transfer services, so you may be able to find better value elsewhere. However, remember that you’ll also need to consider the exchange rate when calculating the total cost of a transaction
  • Lack of alternative payment options. Xpress Money is a cash transfer service and does not accept bank account transfers. There’s no mention on the company’s website about whether credit card payments are accepted.

How does Xpress Money compare to other providers?

If you want to see how Xpress Money stacks up against the competition, compare its fees, exchange rates and transfer speeds with those offered by other providers in the table below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
NZD 0 1 day NZD 0.00 0.629 USD
6,285
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
NZD 1 Within an hour NZD 3.99 0.625 USD
6,251
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
NZD 250 1 day NZD 0.00 0.628 USD
6,281
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days NZD 15.00 0.628 USD
6,266
A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
AUD 2,000 1 day NZD 0.00 0.628 USD
6,279
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. Go to site Show details
NZD 2,000 2 days NZD 0.00 0.628 USD
6,283
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
Go to site Show details
NZD 1 1 - 2 days NZD 80.00 0.631 USD
6,260
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
NZD 5 1 - 2 days EUR 3.00 0.622 USD
6,216
Go to site Show details
NZD 10,000 1 - 2 days NZD 0.00 0.62 USD
6,203
Go to site Show details

Compare up to 4 providers


The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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