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
WorldRemit vs. XE: How they work
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.
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.
Send money internationally with WorldRemit
Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
- Use promo code 3FREE to send your first three transfers with no fee.
- No minimum transfers.
- Wide range of destinations.
- Competitive exchange rate.
Which has lower fees?
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 doesn’t charge any fees or commissions on international money transfers.
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?
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 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
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?
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.
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.
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.
|Exchange rate||1 USD = 0.76799 GBP||1 USD = 0.77094 GBP|
|Transfer speed||1 business day||1 business day|
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
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
More guides on Finder
Passbook account review
Passbook accounts help immigrants in the US manage their money without paying bank fees.
What is a remittance address?
Sending a payment to a company but confused about which address to use? Learn about remittance addresses with our guide.
Zelle vs. Cash App
Compare Zelle vs. Cash App to see which is best for your next transfer.
What is DeFi? Beginner’s guide to decentralized finance
Confused about DeFi? Find out how it works in this easy-to-read guide.
WorldRemit gearing up to acquire Sendwave
Money transfer provider Sendwave may soon be acquired by WorldRemit. Here’s what we know so far.
Charles Schwab vs. Vanguard
Compare fees, research tools and customer reviews when choosing between Charles Schwab and Vanguard.
Reseña de Remitly: Transferencias de dinero
Lee nuestra reseña de Remitly para descubrir por qué esta opción rápida y competitiva podría ser ideal para tu próxima transferencia internacional de dinero.
Cash App vs. Venmo
Compare Cash App with Venmo to see which is better for your next transfer.
Venmo vs. PayPal
Looking to send money? See which of these two options works better for you.
How do we pick the top money transfer services?
Our top picks are our selection of the best money transfer services, based on our extensive research and market experience. Here’s how we choose them.
Ask an Expert