5 Xoom alternatives for money transfers | finder.com

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Alternatives to Xoom

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

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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.

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


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

  1. 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.

Why pick XE Money Transfer instead?

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


  • 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.

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


  • 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.

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


  • 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


  • 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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 0.837 EUR 8,368 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.837 EUR 8,368 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.
Go to site Show details
USD 1 Same day USD 0.00 0.837 EUR 8,367 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.823 EUR 8,232 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.
Go to site Show details
$1 1 - 2 days USD 80.00 0.84 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 10,000 1 - 2 days USD 0.00 0.833 EUR 8,330 Dunbridge Financial offers diverse transfer options to more than 120 countries. Powered by Currencycloud. Go to site Show details

Compare up to 4 providers

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

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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.


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