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WorldRemit vs. XE

We compare these two online transfer providers side by side to see which comes out on top.

Tim Falk

Updated Mar 4, 2021

Fact checked

If you want to send an online money transfer, WorldRemit and XE both offer international transfers to more than 145 countries. However, while WorldRemit offers a range of payout methods to suit the needs of your recipient, XE specializes in fast bank transfers.

Compare WorldRemit to XE

I want to send

	Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
	USD 1	Same day	USD 0.00	0.832	EUR 4,161	XE has fast transfers with no fees and a range of foreign currency tools.	Go to site	Compare	Show details	Details Minimum transfer amount USD 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, 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
	$1	Within an hour	USD 3.99	0.832	EUR 4,159	WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.	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, 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

Quick verdict

Lower fees:
XE

Exchange rates:
XE

Fast transfers:
WorldRemit

WorldRemit vs. XE: How they work

WorldRemit

To send an international transfer with WorldRemit, the first step is to sign up for a free account. You’ll then need to specify the currency and amount you want to send, as well as who you’ll be sending it to. You can pay for your transaction via bank account transfer, credit/debit card, Android Pay or Apple Pay.

Read review: WorldRemit

XE

To send a transfer with XE, sign up for a free account and select the currency and amount you want to send. You’ll then need to enter your recipient’s name and bank account details, select your payment method and confirm your transaction details. The funds you send to XE will then be transferred into your recipient’s bank account.

Read review: XE money transfers

Send money internationally with WorldRemit

WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.

No minimum transfers.
Wide range of destinations.
Competitive exchange rate.

Go to site
More Info

Which has lower fees?

WorldRemit

WorldRemit charges a fee on each international money transfer, but the size of the fee depends on multiple factors:

How much money you send.
Where you send it.
The type of transfer you send.

Bank transfers attract the lowest fees, often around $3.99 per transaction, but we recommend that you use WorldRemit’s online calculator to work out exactly how much your transfer will cost.

XE

XE doesn’t charge any fees or commissions on international money transfers.

Trophy icon
Winner: XE

With no transaction fees to speak of, XE is the clear winner in this category.

However, please note that this doesn’t necessarily mean transfers with XE are always cheaper than WorldRemit, as you’ll also need to consider the exchange rate (see below) to determine which service offers the best value for your money.

Which offers better exchange rates?

WorldRemit

In addition to fees, WorldRemit makes money by adding a margin on top of the mid-market exchange rate you see listed on Google. This margin varies depending on the currency you send but is commonly in the 0.7%–3% range. For example, if you wanted to send a transfer to Australia:

If the mid-market rate is 1 USD = 1.40012 AUD
WorldRemit’s rate might be 1 USD = 1.38744 AUD

XE

XE Money Transfer also adds a margin on top of the mid-market exchange rate. This margin is an average of 0.62% on some of the world’s most popular currencies. Using the same example as we did for WorldRemit:

If the mid-market rate is 1 USD = 1.40012 AUD
XE’s rate might be 1 USD = 1.39347 AUD

Trophy icon
Winner: XE

XE generally offers better exchange rates than WorldRemit, which means that more of the money you send will end up in your recipient’s pocket.

Which is faster?

WorldRemit

The time it takes for the money you send to arrive depends on two factors: the type of transfer you send and the country you send money to. Expect a transfer to take:

Bank transfer. Instant transfers to selected banks, but a processing time of 1–3 working days for other transactions.
Cash pickup. Available to collect instantly.
Mobile money. Instant or near-instant.
Airtime top-up. Instant or near-instant.
Home delivery. 24 hours to 7 days.

XE

Most transfers with XE are completed the same day, but your transaction may take longer in certain circumstances. When setting up your transfer, XE will confirm a payment date with you — this is the earliest date that your transfer will be completed.

Trophy icon
Winner: WorldRemit

If you need to send money overseas ASAP, WorldRemit’s range of instant or near-instant transfer options make it a better choice.

Which offers more options?

	Payment Methods	Minimum and maximum transfers	Delivery methods	Transfer speeds	Countries and currencies
WorldRemit	Bank transfer, Credit card, Debit card, Android Pay, Apple Pay	$1 minimum; $9,000 maximum	Bank transfer, Mobile wallet, Cash pickup, Airtime top-up, Door-to-door delivery	Within an hour	145+ countries
XE	Bank transfer, BPAY	$1 minimum; No maximum	Bank transfers	1 – 2 days	60+ currencies and 200+ countries

Case study:Sending $1,000 to the UK

Let’s see how WorldRemit and XE compare to one another in a real-life transfer scenario. In this example, we’ll compare the cost of sending a $1,000 bank account transfer to the UK.

	WorldRemit	XE
Transfer fee	$3.99	$0
Exchange rate	1 USD = 0.76799 GBP	1 USD = 0.77094 GBP
Transfer speed	1 business day	1 business day
Total received	£764.92	£770.94

As you can see in the table, using XE instead of WorldRemit in this example would save you $3.99 in transfer fees and also allow you to send an extra £6.02 to your recipient.

Compare other transfer services

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
$1,000	1 day	USD 0.00	0.828	EUR 4,138	OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount 1,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BHD, BND, CAD, CHF, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
GBP 1,000	1 - 2 days	USD 0.00	0.828	EUR 4,138	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	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
USD 1	Same day	USD 0.00	0.832	EUR 4,161	XE has fast transfers with no fees and a range of foreign currency tools.	Go to site	Compare	Show details	Details Minimum transfer amount USD 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, 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
$2,000	1 day	USD 0.00	0.828	EUR 4,138	CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.	Go to site	Compare	Show details	Details Minimum transfer amount 2,000.00 Transfer methods Online, Phone Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email, Branch Available currencies AED, AUD, CAD, CHF, DKK, EGP, EUR, GBP, HKD, ILS, JPY, NOK, NZD, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
$10	Within an hour	USD 1.99	0.819	EUR 4,095	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	Compare	Show details	Details Minimum transfer amount 10.00 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, MWK, MXN, MYR, 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 40.00	0.836	EUR 4,146	Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	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
USD 10,000	1 - 2 days	N/A	N/A	N/A	Dunbridge Financial offers diverse transfer options to more than 120 countries. Powered by Currencycloud.	Go to site	Compare	Show details	Details Minimum transfer amount USD 10,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email Available currencies AED, AFN, ALL, AMD, ARS, AUD, AZN, BAM, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, BYR, CAD, CHF, CNY, COP, CRC, CZK, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, INR, IQD, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, LAK, LBP, LKR, LRD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, THB, TJS, TND, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, VND, VUV, WST, XOF, XPF, YER, ZAR, ZMW Go to site Read the full review
$1	Within an hour	USD 8.00	0.817	EUR 4,079	MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Transfer options N/A 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, CHF, CLP, CNY, COP, CRC, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IQD, IRR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SLL, SRD, STD, SVC, SZL, THB, TJS, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW, BYN Go to site Read the full review
$1	3 - 5 days	N/A	N/A	N/A	Western Union sends money online to friends and family in 200+ countries around the world.	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account, International Money Order Transfer options Regular payments, One off payments Customer service Phone, Chat, Email, Branch 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, CUP, 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, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, STD, 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 Go to site Read the full review

Compare up to 4 providers

Bottom line

With no transfer fees and exchange rates typically better than those on offer from WorldRemit, XE generally offers better value for money. However, if you need to send a quick transfer or send something other than a bank transfer, WorldRemit is worth considering.

That said, it’s important to compare a wide range of international money transfer services before deciding which one is the right choice to handle your next transaction.

Frequently asked questions

Thank you for your feedback!

Tim Falk

Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.

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2 Responses

MeerkatorJuly 30, 2019

I have for years used WorldRemit to send money to a friend in the Philippines.
Suddenly they have closed my account with no warning or explanation. They say there is no appeal. The internet suggests they have done the same to hundreds (thousands?) of others. Why would they do this?

finder Customer Care

nikkiangcoJuly 30, 2019Staff

Hi Meerkator,

Thanks for your message. I’m sorry to hear your World Remit account has been closed. It would be best to reach out to the customer service team of World Remit to check the status of your account. Note that it can be reactivated within their terms and conditions.

Hope this helps!

Best,
Nikki

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WorldRemit vs. XE

We compare these two online transfer providers side by side to see which comes out on top.

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