Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

WorldRemit vs. XE

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

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
loading

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

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.
Promoted

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. However, a nominal fee of 3USD applies to small transfers below USD500—and an equivalent of this is charged for other currencies too.

Trophy icon
Winner: XE
With its low transaction fees, 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.

Back to top

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.
Back to top

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 makes it a better choice.
Back to top

Which offers more options?

Payment MethodsMinimum and maximum transfersDelivery methodsTransfer speedsCountries and currencies
WorldRemitBank transfer, Credit card, Debit card, Android Pay, Apple Pay$1 minimum; $9,000 maximumBank transfer, Mobile wallet, Cash pickup, Airtime top-up, Door-to-door deliveryWithin an hour145+ countries
XEBank transfer, BPAY$1 minimum; approximately $USD400,000 maximumBank transfers1 – 2 days60+ currencies and 200+ countries
Back to top

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.

WorldRemitXE
Transfer fee$3.99$0
Exchange rate1 USD = 0.76799 GBP1 USD = 0.77094 GBP
Transfer speed1 business day1 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

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
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.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Instarem
Within an hour
$1

View details
Exclusive: Use code GET60 and save $30 on each transaction over $200. Valid for the first two transactions and till 31st July 2021. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
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.
Western Union
Within an hour
From $0

View details
Western Union sends money online to friends and family in 200+ countries around the world.
MoneyGram
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
loading

Compare up to 4 providers

Bottom line

With low 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

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

2 Responses

    Default Gravatar
    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?

      Avatarfinder 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

Go to site