XE Money Transfer review June 2019 | finder.com

XE Money Transfer review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

finder.com’s rating: 4.1 / 5.0


How’d we get our score?

Fees & rates: 4.0 / 5.0
Speed: 3.5 / 5.0
Services: 4.0 / 5.0
User experience: 5.0 / 5.0

A secure, fee-free way to send money overseas.

XE allows you to transfer money to over 170 countries in 60 currencies — but no cash pickup option means your recipient needs to have a bank account to get the funds.
Product NameXE Money Transfer
Min. Transfer AmountUSD 0
Max. Transfer AmountNo limit
Transfer Methods
Online, Phone,
Transfer Options
One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 - 2 days
Customer Service
Phone, Email
Online Transfer Fee$0
Exchange Rate UpdatesReal time

How much will I pay to send money with XE Money Transfer?

XE doesn’t charge any fees or commissions on international money transfers. Instead it turns a profit on the spread, which is the difference between the price you receive for a transfer and the price it actually costs XE to complete it. In some rare cases you may also incur some third-party charges, such as fees from financial institutions for receiving wire transfers.

How are XE’s exchange rates?

The exchange rate you receive when making a transaction with XE is different from the mid-market rate. It’s common practice for money transfer services to use a similar spread, and it’s how XE makes a profit.

XE specializes in a wide range of foreign currency solutions, and allows customers access to live exchange rates that reflect market conditions. These rates change regularly throughout the day to keep pace with any fluctuations in the market, and are typically better than the rates offered by major banks.

What types of personal transfers does XE support?

You can send your transfer from your linked bank account via the following methods:

  • Wire transfer
  • Automated Clearing House (ACH)

The funds will then be deposited into your recipient’s bank account — they don’t need to hold an XE account in order to access the money you send. Cash isn’t currently an option to send or receive using XE.

Benefits and drawbacks


  • 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 in global currency markets.
  • No limit. Many transfer services impose a maximum you can send each month, but XE doesn’t.


  • No credit card payment. XE doesn’t allow you to pay for international money transfers from your credit card.
  • No cash pickup. Transfers must be sent to your recipient’s bank account.

How do I send money through XE Money Transfer?

Signing up for an account with XE is simple and entirely free. Follow these steps to sign up:

  1. Go to the XE Money Transfer website.
  2. Select Get started.
  3. Sign up for an account. Provide the country you live in, your email address and select Continue.
  4. Fill out your title and name and select Continue.
  5. Finish creating the online account. Create a password and security question, then select Next: Your details.
  6. Provide further details. You’ll need to give your address, phone number, date of birth, Social Security number and occupation.
  7. Wait for your account to be approved.

Once that’s taken care of, setting up a transfer is easy. Sign in and provide your payment details, the amount you want to send, the currency you want to send it in and who you’re sending it to.

You’ll then be given a chance to review the exchange rate and the full details of your transaction, and when you’re happy with it you can send your money.

Processing times vary depending on where you are sending the funds and the transfer method you select. For example, while wire transfers take one to three days to complete, electronic funds transfers typically take two to four days.

Tracking and canceling a transfer

XE alerts customers by email and text when funds are sent, but you’ll wait one to four business days for payments to arrive. To check on the status of a transfer or cancel it, call XE Money Transfer at 877-932-6640.

Bottom line

XE offers a competitive and affordable solution when you need to send money abroad. But compare XE to other services to find a money transfer specialist that meets all of your needs.

Frequently asked questions about XE money transfers


Our team analyzes money transfer providers offering services in the US — from big names to digital upstarts. We rank rates and fees, speed, services and user experience for:

  • TransferWise
  • XE
  • OFX
  • WorldRemit
  • Currencies Direct
  • Western Union
  • RIA Money Transfer
  • MoneyGram
  • Remitly
  • Payoneer
  • Remit2India
  • Xoom
  • PayPal

Learn the details of our methodology and scoring.

Back to top

Was this content helpful to you? No  Yes

US International Money Transfers Offers

Important Information*
Logo for XE Money Transfer
XE Money Transfer

Offering no maximum and no minimum limit transfers with $0 fees.

Logo for WorldRemit International Money Transfers
WorldRemit International Money Transfers

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.

Logo for TransferWise

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

Logo for 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.

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 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.

42 Responses

  1. Default Gravatar
    KutaibaMarch 31, 2019

    How long does it take to send money from Germany to the UAE? How much is the cost? Do they need authentication for 24000 euro or not?

    • Avatarfinder Customer Care
      JoshuaApril 2, 2019Staff

      Hi Kutaiba,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      If you are going to use XE Money Transfer, it will take 3-5 days for your money to arrive in the UAE. When it comes to cost, XE does not charge any fee. However, there are some instances where you will incur third-party charges.

      If you mean by authentication is whether they verify your identity or not, the answer is yes. Upon opening an XE account, you’ll need to give your address, phone number, date of birth, Social Security number, occupation and the type of identification you want to supply.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  2. Default Gravatar
    tongaMarch 25, 2019

    I want to transfer money from United state to tonga..but where they going to receive money in tonga.

    • Avatarfinder Customer Care
      johnbasanesMarch 26, 2019Staff

      Hi Tonga,

      Thank you for reaching out to Finder.

      XE Money transfer has no cash pickup locations available. Transfers are only received via Bank account. Please reach out to XE for you to be able to start a money transfer. Hope this helps!


  3. Default Gravatar
    TaffyMarch 2, 2019

    my client want to send me money through Xe money from Australia to Zimbabwe,How do I receive the money?

    • Avatarfinder Customer Care
      ValMarch 5, 2019Staff

      Hi Taffy,

      Thank you for leaving a question. XE Money Transfer may not carry the Zimbabwe currency. You may look into this options for it.

      Bank transfers. Some Australian banks will offer transfers to banks in Zimbabwe, so you should check with your financial institution for more details.
      Online money transfer providers. Companies like WorldRemit allow you to lodge fast and easy online transfers to Zimbabwe.
      Money transfer companies with cash pickup options. Companies such as Western Union and MoneyGram allow you to transfer funds that can be picked up from a number of local agent locations in Zimbabwe.
      Cheques. Posting an international guaranteed cheque to Zimbabwe is a slow but secure money transfer method.

      Hope this helps.


  4. Default Gravatar
    ElaineFebruary 22, 2019

    I need to receive payment in Colorado USA from a South African company for my coaching services. To do this, they are requesting a SWIFT code. How can I set up an account with XE to receive payments?

    • Avatarfinder Customer Care
      JoshuaFebruary 24, 2019Staff

      Hi Elaine,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      The SWIFT code is a combination of letters and is used to identify the branch codes of the banks. For this reason, you would need to directly get in touch with your bank to know its SWIFT code. In most cases, you can also do a quick online search as most SWIFT codes are readily available on the Internet.

      With regards to your second question, you can create an XE account by clicking the “Go to site” green button found above. It should redirect you to XE’s official website where you can start setting up an account and receiving money.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  5. Default Gravatar
    IzwanFebruary 14, 2019

    I want to transfer money from indonesia to Malaysia. What is the best transfer option and does the transaction have limit? Is it legal if i send a large sum of money at once using this transfer option?

    • Avatarfinder Customer Care
      johnbasanesFebruary 15, 2019Staff

      Hi Izwan,

      Thank you for reaching out to finder.

      This page, though it states that is is from Malaysia to Indonesia can have a transfer done vice versa. You may check the selection of providers for your choice. As per the limit for making a transfer, money transfer companies may require additional documents from the sender when sending more than MYR 50,000. Hope this helps!


  6. Default Gravatar
    PriscillaJanuary 28, 2019

    Can XE help in transferring EUROs from India to a university in Slovakia for application fees for masters admissions?

    • Avatarfinder Customer Care
      JhezJanuary 29, 2019Staff

      Hi Priscilla,

      Thank you for your comment.

      Upon checking, XE Money Transfer is unfortunately not serving in India as of yet. Kindly check other money transfer services that are available in Slovakia here.


  7. Default Gravatar
    JoelJanuary 27, 2019

    Can I transfer US dollars to an Indonesian bank account in rupiahs?

    • Avatarfinder Customer Care
      johnbasanesJanuary 28, 2019Staff

      Hi Joel,

      Thank you for reaching out to finder.

      You can send your transfer from your linked bank account via the following methods:

      Wire transfer
      Automated Clearing House (ACH)

      The funds will then be deposited into your recipient’s bank account — they don’t need to hold an XE account in order to access the money you send.
      In addition to one-off transfers, XE Money Transfer also allows you to enter bids for exchange rates you would like to receive. XE will then monitor global markets and when the rate appears, will automatically lodge your transfer for you. Hope this helps!


  8. Default Gravatar
    RajuJanuary 9, 2019

    Is it possible to transfer funds from India to Oman?

    • Avatarfinder Customer Care
      JoshuaJanuary 9, 2019Staff

      Hi Raju,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      If you are going to use XE money transfer, the answer is yes. You can use XE Money Transfer to send money from India to Oman. You can simply click on the “Go to site” green button to learn more or initiate your money transfer.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  9. Default Gravatar
    ArmaanJanuary 3, 2019

    How can I know the difference in the amount the recipient will receive and the amount that I will send before I make the transfer?

    • Avatarfinder Customer Care
      CharisseJanuary 5, 2019Staff

      Hi Armaan,

      Thanks for reaching out to finder.

      When you send money internationally using XE money transfer, they will convert your local currency to the foreign currency you wish to exchange to before you send the money to lock the exchange rates. The equivalent amount of the exchange will be displayed on their transaction page so you will know the exact amount your recipient will receive before you even complete the transaction.

      I hope this helps.


  10. Default Gravatar
    AnthonyJanuary 3, 2019

    Can I send money from Iran to Nigeria through western union or money gram?

    • Avatarfinder Customer Care
      nikkiangcoJanuary 3, 2019Staff

      Hi Anthony,

      Thanks for getting in touch! Upon checking, Western Union and Moneygram don’t offer their services to Iran at the moment. We don’t have a page that lists out brands that services money transfers from Iran – Nigeria. You might want to check the money service providers available in Iran.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


Go to site