WorldRemit vs. XE: Which offers better fees and rates? | finder.com
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WorldRemit vs. XE

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

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

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 0.875 EUR 4,373 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1 Within an hour USD 3.99 0.876 EUR 4,374 Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
Go to site Show details

Compare up to 4 providers


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

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.

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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.

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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

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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.

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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.

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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 3 – 5 days 60+ currencies and 170+ countries
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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

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 0.875 EUR 4,373 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1 1 - 2 days USD 7.00 0.877 EUR
4,380
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.876 EUR 4,374 Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
Go to site Show details
USD 1,000 1 day USD 0.00 0.874 EUR 4,369 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.875 EUR 4,373 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 Show details
USD 50 1 - 2 days USD 25.00 0.874 EUR 4,347 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

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

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US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

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US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

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