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Alternatives to Xoom

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

Leah Fallon

Updated Oct 14, 2020. What changed?

Fact checked

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

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.

Go to site
More info

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

XE does not have any transfer limits or fees and offers 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.

Go to site
More info

Why pick XE Money Transfer instead?

No 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

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

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

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.

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

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?

Use the table below to find more options by entering the amount and destination of your transfer if the above options aren’t quite what you’re looking for. Alternatively, learn more about Xoom in our review.

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
$8	1 - 2 days	USD 5.00	0.835	EUR 8,341	Exchange money on your terms.		Compare	Show details	Details Minimum transfer amount 8.00 Transfer methods Online Transfer options Regular payments, One off payments Customer service Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, NOK, NZD, PHP, PLN, SEK, SGD, THB, USD, ZAR Read the full review
GBP 1,000	1 - 2 days	USD 0.00	0.84	EUR 8,396	Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000). For larger transfers, get no transaction fees and no maximum send limits.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 1,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
$1	Same day	USD 0.00	0.84	EUR 8,395	XE offers fast transfers with no fees and a range of foreign currency tools.	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, SVC, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW, ZWD, BYN Go to site Read the full review
$0	1 - 2 days	USD 1.99	0.826	EUR 8,260	Special offers like free transfers and better exchange rates available for new customers. Quick, affordable transfers around the world with both express and economy options.	Go to site	Compare	Show details	Details Minimum transfer amount 0.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ALL, AMD, ARS, AZN, BAM, BDT, BGN, BIF, BOB, BRL, BSD, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, EUR, FJD, GEL, GHS, GMD, GNF, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KZT, LKR, LRD, MAD, MDL, MGA, MKD, MMK, MWK, MXN, MYR, NGN, NIO, NPR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RSD, RUB, RWF, SLL, SRD, SVC, THB, TJS, TND, TRY, TZS, UAH, UGX, USD, UYU, UZS, VND, XAF, XOF, ZAR, ZMW, BYN Go to site Read the full review
$1	1 - 2 days	USD 80.00	0.843	EUR 8,362	Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
$1	Within an hour	N/A	N/A	N/A	Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Thank you for your feedback!

Leah Fallon

Leah Fallon is an editor for Finder. With 10 years of teaching English under her belt, it was a natural progression to move into editorial. She's written feature pieces for regional print and digital media and today helps fix annoying apostrophes, elusive infinitives and the muddled em and en dash. When she's not helping people with their finances, you can find her exploring the trails of Loudoun County, Virginia and wrangling her two sprightly girls.

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2 Responses

AndreSeptember 12, 2018

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

Reply
- finder Customer Care
  
  CharisseSeptember 12, 2018Staff
  
  Hi Andre,
  
  Thanks for reaching out to finder.
  
  While we can’t recommend a specific money transfer service to you, you can utilize our page to review and compare your options in doing an international fund transfer to Brazil. There are several ways on how you can send money from your US bank account to a Brazilian bank account:
  
  – bank to bank transfer via your online banking account
  – money transfer companies
  
  You can go to this page to see money transfer companies you can consider when sending money to Brazil. The page also has a lot of information that can help you decide which among your options will work best for you.
  
  Hope this helps.
  
  Cheers,
  Charisse
  
  Reply

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Alternatives to Xoom

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