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XE Money Transfer review

A secure, fee-free way to send money overseas.

XE allows you to transfer money to over 200 countries in 60 currencies — but no cash pickup option means your recipient needs to have a bank account to get the funds.

How much will I pay to send money with XE Money Transfer?

XE offers low fee international money transfers. You pay a small transfer fee ($3 USD) for transfers up to equivalent $499 USD (or £2 for transfers below £249). If your transfer is larger than that, you pay no fee. In some rare cases you may also incur some third-party charges, such as fees from financial institutions for receiving wire transfers.

What types of personal transfers does XE support?

You can send your transfer from your linked bank account via the following methods:

  • Wire transfer
  • Automated Clearing House (ACH)

The funds will then be deposited into your recipient’s bank account — they don’t need to hold an XE account in order to access the money you send. Cash isn’t currently an option to send or receive using XE.

How long does an XE money transfer to the Philippines take?

Most XE money transfers are completed within the same day. XE typically sends updates in the form of emails or text notifications to update the sender throughout the transfer process.

Is there a limit on how much money you can send to the Philippines?

There is no transfer limit with XE. You can transfer up to US$500,000 online. For larger amounts, you will have to transfer funds over the phone with the help of XE’s currency experts.

Benefits and drawbacks


  • No fees. XE doesn’t charge any transaction fees, commissions or ongoing fees.
  • Competitive rates. XE offers highly competitive exchange rates to customers. Compare XE’s rates with those offered by the banks to see how they stack up.
  • Currency specialists. Unlike banks, which offer a wide range of financial products and services, XE specialises in global currency markets.
  • No limit. Many transfer services impose a maximum you can send each month, but XE doesn’t.


  • No credit card payment. XE doesn’t allow you to pay for international money transfers from your credit card.
  • No cash pickup. Transfers must be sent to your recipient’s bank account.

How does XE compare to other services?

Name Product Minimum Transfer Transfer Time Transfer Fee
1 - 2 days
USD 3.99
Use promo code FREE to send your first transfer with no fee. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.

Compare up to 4 providers

How do I send money through XE Money Transfer?

Signing up for an account with XE is simple and entirely free. Follow these steps to sign up:

  1. Go to the XE Money Transfer website.
  2. Select Get started.
  3. Sign up for an account. Provide the country you live in, your email address and select Continue.
  4. Fill out your title and name and select Continue.
  5. Finish creating the online account. Create a password and security question, then select Next: Your details.
  6. Provide further details. You’ll need to give your address, phone number, date of birth, Social Security number and occupation.
  7. Wait for your account to be approved.

Once that’s taken care of, setting up a transfer is easy. Sign in and provide your payment details, the amount you want to send, the currency you want to send it in and who you’re sending it to.

You’ll then be given a chance to review the exchange rate and the full details of your transaction, and when you’re happy with it you can send your money.

Processing times vary depending on where you are sending the funds and the transfer method you select. For example, while wire transfers take one to three days to complete, electronic funds transfers typically take two to four days.

Tracking and cancelling a transfer

XE alerts customers by email and text when funds are sent, but you’ll wait one to four business days for payments to arrive. To check on the status of a transfer or cancel it, call XE Money Transfer at +1877-932-6640.

Bottom line

XE offers a competitive and affordable solution when you need to send money abroad. But compare XE to other services to find a money transfer specialist that meets all of your needs.

Frequently asked questions about XE money transfers

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