XE Money Transfers
- Send money to 130+ countries
- Competitive exchange rates that are often better than banks
- XE doesn’t charge any transaction fees, commissions or ongoing fees
What's in this guide?
Countries all around the world are better connected today than they ever have been before. As our technology continues to bring previously far-flung countries closer together, the reasons why we need to send money overseas are always increasing. If you rent a property overseas, buy goods or services internationally, or are studying abroad, you’ll need to find a safe and cost-effective way to pay overseas bills.
With a growing number of international money transfer providers to choose from, you have more transfer options at your disposal than ever before. You just need to compare a range of companies to find the best exchange rates and lowest fees.
To pay an overseas bill, you’ll first need to choose an international money transfer provider. You could choose your bank to handle the transaction, but you’d need to be willing to settle for high fees and pretty dismal exchange rates if you take this route.
The next option is to use a specialist online transfer service such as Currency Fair or FairFX. These reputable providers are based solely online and can provide secure transfers from your bank account to overseas bank accounts. They can also usually offer better exchange rates and lower fees than the banks, saving you a substantial amount of money.
Another option is to use a money transfer provider that offers a cash pickup option, such as Western Union or MoneyGram. Your recipient can then pick up the funds from the Western Union or MoneyGram location closest to them, often just a few minutes after you pay for your transfer. Other options for sending money overseas include banker’s drafts and PayPal.
The process of sending a transfer is simple. You may have to sign up for a free account with a transfer company before you can then provide details of how much money you’re sending, where to and in what currency. You can then pay for the transaction (including a transfer fee), and the provider will convert the Pounds you wish to send into the currency at your destination – for example US Dollars or Indian Rupees. The funds will then be send to your beneficiary’s bank account or made available for cash collection.Back to top
You may need to pay an overseas bill for the following reasons:
Compare the following features of international money transfer providers to find one that meets all your transfer requirements:
Find out the cheapest way to buy shares on Asia’s largest stock exchange.
Here’s the cheapest and easiest ways to invest in the world’s 4th-largest stock exchange.
We’ve put together some tips and information on how to open a business bank account in the UK as a non-resident.
Contractors usually need a business bank account, so we’ve put together a guide on how to find one that works for you.
Cash flow can be hard to deal with, but the right business practices can make it easier to keep your company’s finances in good health throughout the year.
Opening a bank account is one of the very first things you need to do when setting up a charity. Here we look at how to go about finding the right account, from comparing different options to saving on fees.
Should you get a current account, a savings account, or both? What about joint accounts and premium accounts? Banking can be messy if you don’t know the jargon. This guide looks at the main types of bank accounts and what services they offer to help you figure out what you need exactly.
Opening a business bank account can seem like a stressful process, but in fact there are now a number of banks and providers that will let you do it quickly and easily online. Here’s where to look and what to expect.
Premium bank accounts offer additional perks for people who hold significant sums with the bank providing them, and can be good value for money. We take a look at how they work, what features they offer and what the eligibility criteria can look like.
Find out 5 key ways to invest in a falling or “bear” market. Paid content.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.