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XE allows you to transfer money to over 130 countries in 60 currencies — but no cash pickup option means your recipient needs to have a bank account to get the funds.
USD 1
Min. Transfer Amount
USD 500,000
Max. Transfer Amount
Same day
Transfer Speed
Product Name | XE Money Transfer |
---|---|
Min. Transfer Amount | USD 1 |
Max. Transfer Amount | USD 500,000 |
Transfer Methods | Online, Phone, Bank Account to Bank Account |
Transfer Options | One off payments, Market orders, Forward contracts |
Transfer Speed Minimum transfer time | Same day |
Customer Service | Phone, Email |
Available Currencies | AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYN, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, SVC, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW, ZWD |
Online Transfer Fee | $0 |
---|---|
Exchange Rate Updates | Real time |
Review by
Zak Killermann is a writer at Finder. He’s ghostwritten hundreds of articles on fintech, finding his love for publication at St. Cloud State University. Traveling internationally for nearly half his life — and getting burned once by an OTC money exchange — Zak's vowed not to settle for anything short of the mid-market rate again.
XE’s fee-free 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 to 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. Of course, no money transfer service is going to be the perfect solution for every customer and every transfer, which is why it’s important to compare XE against competitors before sending money.
XE has many pros, including:
XE has a few cons, including:
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. When sending a money transfer with XE, you’ll pay:
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.
Check if there are any XE money transfer promo codes available
Overall, XE money transfer reviews are positive. On Trustpilot, XE’s ratings were 86% Excellent when we checked, with only 2% of reviews rating the service as Bad. Users on Reddit remarked on how XE felt a bit misleading since it offers both exchange rate information and money transfers, but just because XE has currency exchange rate information doesn’t mean it can send to that currency.
XE Money Transfer reviews are accurate as of October 14, 2020.
Trustpilot | 4.7 out of 5 — based on 40,444 customer reviews |
SiteJabber | 1.9 out of 5 — based on 99 customer reviews |
Monito | 7.5 out of 10 — based on staff reviews |
Finder.com | 4.1 out of 5 — based on staff reviews |
XE Money Transfer is operated by XE, a large and well-known international foreign exchange rate provider. XE is licensed and registered with:
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.
You can send your transfer from your linked bank account via the following methods:
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.
To sign up for an account with XE:
After your account is approved, you’ll typically receive an email. To send money after approval:
Processing times vary depending on where you’re 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.
You can send money to more than 130 countries when doing so from the United States. Popular destination countries include:
The XE app is available on both Google Play and the App Store. The app makes it possible to:
Reviews accurate as of September 30, 2020 | |
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Google Play Store | 4.4 out of 5, based on 92,715 customer reviews |
Apple App Store | 4.6 out of 5, based on 4,574 customer reviews |
More on the best money transfer apps
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.
XE offers a competitive solution when you need to send money abroad. But before making a final decision, compare XE to other services to find a money transfer specialist that meets all of your needs.
No, XE Money Transfer works with your existing bank account to allow you to send international money transfers.
XE Money Transfer can be quickly accessed online 24/7.
No. XE does not offer this option because merchant fees charged by credit card companies would greatly increase the cost of your transaction.
With zero fees, XE is often one of the most competitive exchange services for certain markets. Use our comparison table below to see the rates offered by XE’s competitors for the currency and sending amount of your choice.
See how XE Money Transfer compares to WorldRemit and why XE may offer lower fees and stronger exchange rates — but transfer speeds may be slower.
These two popular services tend to be very similar in the fees and transfer speeds they offer, but XE often pulls ahead when it comes to favorable exchange rates.
TransferWise almost always offers better exchange rates, and these two services offer similar transfer speeds. But when it comes to low fees, XE may have the edge.