Fastest Transfer Speed
Minimum Transfer Amount
Maximum Transfer Amount
Xe’s low fee money transfers offer a solid way to send money abroad. Just make sure the exchange rate you’re being offered is competitive against the rates offered by other companies. With an easy signup process, a straightforward app and one of the world’s leading forex pricing websites, Xe has a lot to offer new customers. However, when sending large amounts of money, Xe’s mid-market margin may chip away at the total amount received by your family or friends.
Why should I consider Xe Money Transfer?
- Low fees. Xe charges a small flat fee for amounts below $500.
- No sending limit. Transfers placed over the phone have no limit, but online transfers are limited to $535,000 per transaction.
- Custom alerts. Create currency pair alerts by email to receive notifications when your desired mid-market rate is met.
- Worldwide network. Send money to more than 130 countries from six different regions around the world.
- Forward contracts. Xe has the option to “buy now, send later” option which allows you to agree your rate in advance and send your transfer at a specified date in the future.
What to be aware of
- Limited cash pickup options. Xe has only just begun to roll out cash pickup across the globe. As a result, it’s not widely available at the time of writing.
- No mid-market rate. Xe transfers do not use the mid-market rate, so customers must pay attention to the transfer rate they’re being offered when sending money.
- Slow transfer speeds. Transfers can take up to 4 working days, depending on the efficiency of your recipient’s bank.
How much are Xe Money Transfer’s fees?
Xe charges a $3 fee for all international money transfers below $500 and no fee for any transfers above that amount. You’ll be notified if your money transfer is subject to a small fee before you send it. You may also come across third-party charges with your transfer, although this is rare. This is when your recipient’s bank charges fees for receiving wire transfers.
How are Xe Money Transfer’s exchange rates?
Like many other money transfer providers, the exchange rate you receive when making a transaction with Xe is different from the mid-market rate. Exchange rates vary, but are typically between 0.5% and 2%. 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. Xe also offers forward contracts. This is when you agree to a rate in advance and then your transfer is made on a specified date. This can help to lower transfer costs as you can lock in your transfer when rates are more favorable.
What are the ways I can send money abroad with Xe Money Transfer?
You can send money to your recipient through Xe Money Transfers by either a traditional bank transfer or as a cash pickup option. Keep in mind that the cash pickup option is only available on the Xe app.
How to send money transfer with Xe Money Transfer
To send a money transfer with Xe you will first need to create an account. You can do this via its website or through its app. Xe recommends that you use its app for transfers if possible, as this has more transfer options.
What are Xe Money Transfer’s payment options?
You can pay for your Xe Money Transfer by bank or wire transfer, credit card or debit card. Xe does not accept payments by cash, cheques or bankers drafts. If you wish to pay for your transfer by card, this can only be done online or through the app. Xe is unable to accept card payments over the phone.
How long does an international transfer with Xe Money Transfer take?
Once you have confirmed your money transfer, you’ll see an expected payment date – although this is the earliest estimated time your funds can be sent. Once Xe has received your payment, it will take between 1 and 4 working days for your money to arrive at your chosen destination.
Transfers typically take
Is Xe Money Transfer safe to use?
Xe Money Transfer is operated by Xe, a large and well-known international foreign exchange rate provider. Xe is licensed and registered with:Xe
- Department of Financial Services of the State of New York
- The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Xe is part of Euronet, alongside Ria Money Transfers. Euronet is one of the largest money transfer businesses in the world and has partnerships with hundreds of global companies, including Visa, MasterCard, PayPal, Google and more.
How does Xe Money Transfer compare to other money transfer services?
If you want to see how Xe Money Transfer compares to the exchange rates and fees offered by other money transfer services, enter the details of your transaction into the table below.
How much will I pay to send money with Xe Money Transfer?
Xe charges a $3 fee for all international money transfers below $500 and no fee for any transfers above that amount. You’ll be notified if your money transfer is subject to a small fee before you send it. It turns most of its 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. When sending a money transfer with Xe, you’ll pay:
- Fee for small transfers. You’ll need to pay $3 for transfers under $500.
- Mid-market markup. Xe’s exchange rates vary, but are typically between 0.5% and 2%.
- Third-party charges. In rare cases you may incur a third-party charge, such as bank fees for receiving wire transfers.
How does Xe make money?
In addition to the small transfer fee, 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 helps 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.