XE money transfers review October 2019

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Enjoy fast, secure and fee-free international money transfers with global payments provider XE.

  • Good for exchange rates that are more competitive than rates from the major banks, especially on larger transfers.
  • Not so great if you want to send to popular remittance countries like China or want to pay by card.


Min. Transfer Amount

USD 500,000

Max. Transfer Amount

1 - 2 days

Transfer Speed


Product NameXE International Money Transfers
Min. Transfer AmountUSD 1
Max. Transfer AmountUSD 500,000
Transfer MethodsOnline, Phone, Bank Account to Bank Account
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Email, Branch

XE exchange rates and fees

XE does not charge any fees or commissions on international money transfers. It instead turns a profit on the spread, which is the difference between the price you receive for a transaction and the price it actually costs XE to complete that trade.

There are no ongoing account fees to worry about and no transaction fees. The exchange rate you’ll end up paying is different from the one on XE’s currency converter tool, which is a live feed of the mid-market rate.

In some rare cases, you may also incur some third-party charges, such as fees from financial institutions for receiving wire transfers. You’ll need to check with your recipient’s bank to find out how much it will be.

Calculate how much sending money overseas would cost with XE by using our tool below. You can also check out the real-time exchange rate XE offers and if there are any additional fees.

Rates last updated October 16th, 2019
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
XE International Money Transfers
1 day
Online, Bank Account to Bank Account
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Available currencies

XE transfers money in over 40 different currencies, but some of the more popular ones include:

  • CAD Canadian dollar
  • EUR Euro
  • GBP British pound
  • HKD Hong Kong dollar
  • NZD New Zealand dollar
  • PHP Philippine peso
  • TBH Thai baht
  • USD US dollar

What payment methods does XE accept?

You can pay for your international money transfer with XE using:

  • Bank transfer

You first need to confirm your transaction, then XE will provide you with its bank details. Unfortunately, XE doesn’t accept payments with cash or card.

What types of transfers can you make with XE?

Other than the common one-off money transfers, XE offers limit orders. Also known as market orders, this means you can request that XE buys or sells a currency at a specific exchange rate.

XE doesn’t currently offer regular payments or forward contracts that let you lock in an exchange rate for future transactions.

How long does a transfer with XE take?

Most international money transfers with XE should arrive within the day. However, certain transfer types may take longer. In the UK, XE only accepts payments through bank transfer.

It’s important to be aware when you’re setting up the transfer that your bank may take extra time to transfer money to XE. XE will only start your money transfer once it’s received the funds from your bank account.

Transfers typically takeClock icon for transfer speed

1 day

Is XE safe to use?

  • Security and regulation: XE is government regulated and holds its customers’ funds separate from the company’s own.
  • Established: 1993.
  • Number of customers: 112,000* customers (this number is for Euronet, XE’s parent company, which also includes HiFX and Ria).
  • Reviews: Trustpilot gives XE a score of 9.2* out of 10, based on around 3,200 reviews.
*According to XE and Trustpilot on 30 November 2018.

XE is part of a group of other international money transfer companies called Euronet, which also owns HiFX and Ria. XE itself doesn’t actually do your money transfers – its sister company HiFX does. Both XE and HiFX are regulated by the Financial Conduct Authority in the UK.

Part of this regulation means XE has to keep its customers’ funds separate from its own. This means that should the company have any financial difficulties, your funds stay safe and secure.

How does XE make its money?

While XE charges no fees, it still makes money from each transfer because of the margin. That’s why the rate you’re quoted when setting up a money transfer is different from the live mid-market rate you’ll see on Google or Reuters. Because of this, you should compare both the exchange rate the money transfer provider is offering, as well as any additional fees.

How to register an account

Signing up for an account with XE is simple and free. The following steps can help guide you through the process.

How to make a money transfer with XE

  1. Log in. You’ll land on your dashboard screen where you can navigate around your account details.
  2. Click “new transaction”. This button is at the top of your screen in the menu bar.
  3. Finalise how much you want to send. You’ll need to add the currency pair and either how much you want to send, or how much you want the receiver to get. XE will then provide you with a quote for the exchange rate you’ll receive.
  4. Add the recipient’s details. This includes the recipient’s name, address, bank details and the reason for the payment.
  5. Confirm your transfer. Make sure to double-check the exchange rate in case it has changed. You’ll also want to make sure all of your recipient’s information is correct, as cancelling the transfer later on is difficult.
  6. Transfer the funds to XE. XE will give you details so you can transfer money into its local bank account. This information will be on your PDF confirmation.
  7. XE sends your transfer. XE will complete the transfer once it receives the money. You can track this through your email updates or your online account.

What are the benefits and drawbacks of XE?

  • 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 solely in global currency markets.
  • No credit card payment. XE does not allow you to pay for an international money transfer from your credit card in the UK.
  • Need to create an account. To get a quote on the current exchange rate for your transfer, you need to create an account and sign in.
  • Currently missing some of the major currencies. You can’t send money to China or India with XE.
  • No cash pick-up. Transfers must be sent to your recipient’s bank account.
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How does XE compare to other providers?

Table: sorted by a combination of service offering and the amount your recipient will receive

Our table below shows you the exchange rate and fees for other money transfer specialists.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 1 - 2 days GBP 0.00 1.147 EUR
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 3,000 1 day GBP 20.00 1.147 EUR
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 50 2 days GBP 2.99 1.153 EUR
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.147 EUR
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details

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Frequently asked questions

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