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Alternatives to Xoom

Explore other services like Xoom that have higher sending limits and more trading options.

Xoom, a PayPal company, falls short when it comes to global coverage and pickup options that aren’t bank transfers. Additionally, shopping around and looking at other money transfer companies can open up the possibilities of hedging options, far higher maximum limits and physical locations.

We’ve listed out some of the more popular Xoom alternatives, including PayPal, and highlighted the specific features they have that Xoom doesn’t. At the bottom of the page, you’ll also find a comparison table with additional entries if our handpicked options aren’t quite what you’re looking for.

WorldRemit logo
  1. WorldRemit

When it comes to fees based on how much you’re sending and to where, WorldRemit and Xoom are similar. However, WorldRemit’s global network is larger, its exchange rates are typically stronger and it has more options like cash pickup.

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Why pick WorldRemit instead?

  • Offers bank-to-bank transfers, cash pickups and mobile top-ups
  • Provides service to more than 140 countries around the world
  • Pay by bank account transfer, credit or debit cards

Downsides

  • No cash payments for international transfers
  • Government-issued ID required for most transfers
XE Money Transfer Logo
  1. XE Money Transfer

XE offers low-fee transfers and competitive exchange rates that are typically better than what Xoom offers. If you’re looking for speed, though, XE may not be a better option than Xoom’s instant transfer service.

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Why pick XE Money Transfer instead?

  • Low transfer fees
  • No minimum or maximum transfer amounts
  • Exchange between over 55 currencies

Downsides

  • Transfers can require up to three business days (beware of holiday weekends)
  • No cash pickup options
  • Must pay and transfer via bank accounts
Moneygram logo
  1. MoneyGram

MoneyGram allows transfers to many more countries than Xoom, with service to over 350,000 agent locations in 200 countries.

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Why pick MoneyGram instead?

  • Pairs with Walmart for same-day in-store transfer service
  • Send up to $10,000 for cash pickup, depending on agent location availability
  • Fees can be reduced depending on payment type and transfer destination
  • Online or in-person transfers for cash pickup, bank deposit or mobile wallet delivery

Downsides

  • Fees vary by payment type, with higher costs for credit and debit cards
  • Local exchange rates vary by transfer destination
OFX Logo
  1. OFX

Similar to Xoom, OFX charges a spread on the mid-market exchange rate — for OFX, it is an average of 0.4% which is relatively affordable compared to Xoom. OFX does not charge any additional fees on transfers and has a wider network as well, but it is slower on average than Xoom.

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Why pick OFX instead?

  • No maximum transfer to 50+ currencies
  • No transfer fees paired with competitive rates
  • Hedging options like forward contracts and limit orders

Downsides

  • Bank-to-bank transfers only
  • No cash pickups
  • New accounts require verification by phone
  • High minimum transfer amount of $1,000 per year
  1. PayPal

PayPal differs from Xoom in that it is typically cheaper for sending domestic transfers, but it is slower. Xoom excels in non-commercial transactions and is designed for individual use, while PayPal is still the better option for business-related transfers worldwide.

Why pick Paypal instead?

  • PayPal wallets can store multiple currencies so you don’t have to convert it if you’ll be spending that currency again in the future.
  • You can pay businesses fee-free through PayPal
  • Lower fees for international transfers

Downsides

  • Slower transfer speeds than Xoom
  • No cash pickup options
  • Weak exchange rates with fees based on size of transfer

Still looking for other options?

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.
Alternatively, learn more about Xoom in our review.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Instarem
Within an hour
$1

View details
Exclusive: Use code GET60 and save $30 on each transaction over $200. Valid for the first two transactions and till 31st July 2021. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Western Union
Within an hour
From $0

View details
Western Union sends money online to friends and family in 200+ countries around the world.
MoneyGram
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
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Compare up to 4 providers

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2 Responses

    Default Gravatar
    AndreSeptember 12, 2018

    Hi. I need to transfer money from Miami bank to Brazilian bank. What service do you recommend for me?

      Avatarfinder Customer Care
      CharisseSeptember 12, 2018Staff

      Hi Andre,

      Thanks for reaching out to Finder.

      If you want to transfer money overseas, you can send a wire transfer or use an independent money transfer company. However, typically, with bank transfers, you may pay higher fees and get lower exchange rates as compared to money transfer companies.

      If you want to consider using a money transfer company, there are money transfer services to Brazil that you can compare to help you find the most suitable option for you.

      Hope this helps.

      Cheers,
      Charisse

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