Xem Nhiều 2/2023 #️ Xe Money Transfer Review: Aremoney Transfers Safe? # Top 4 Trend | Sachlangque.net

Xem Nhiều 2/2023 # Xe Money Transfer Review: Aremoney Transfers Safe? # Top 4 Trend

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Is XE Right For You?

XE is a secure, transparent, and quick way to send money around the world. There are no transfer fees, but XE does add a small margin to the market rate when transferring funds (like many other money transfer companies).

XE processed115 billion dollars last year and has thousands of happy customers according to Trustpilot.

Before we answer if XE is the right money transfer for you, let’s look at 5 things you should know about XE.

5 Things You Should Know About XE

Rates, Fees & Hidden Costs

Reviews: The Good, The Bad & The Ugly



How to Sign Up

1. Rates, Fees & Hidden Costs

Transparency is a quality that we greatly appreciate when it comes to money transfer specialists. 

When it comes down to sending money internationally, there are usually 3 main cost components: Rates, Fees and Hidden Costs. 

Let’s dive into it!

Rates and Fees

Money transfer companies make a profit through transfer fees or through the exchange rate.

Transfer Fee- This is a fee for the service of the transfer. There are flat fees and percentage fees

Exchange Rate- The exchange rate is the “amount” you can exchange one currency for the next currency. Many money transfer specialists increase this margin to make a profit. 

Okay, let’s talk about XE and how they add up. XE doesn’t charge transfer fees. That’s a big plus! 

At the end of the day, they are a business and need to make a profit, that comes from the exchange rate. They add a small margin to the exchange rate depending on the amount transferred. 

The more money transferred, the lower the margin on the exchange rate. On the other hand, a smaller money transfer will have a higher margin on the exchange rate.

Similar to most money transfer specialists, you won’t know the margin until you are ready to transfer the money. 

How does that affect us?

XE.com has a currency converter on their site, but the exchange rate is the mid-market rate (not the actual rate you will get on the transfer).

Only after you sign up and decide to transfer money do you see the exchange rate that they offer. 

Now that we covered rates and fees, let’s take a look at hidden costs

Hidden Costs

Many money transfer specialists have hidden costs that are quite honestly, annoying.

XE doesn’t have hidden costs when you transfer money. 

But there is something to be aware of, occasionally third party banks charge a fee from the transfer before paying the recipient. This is not connected to XE whatsoever, but rather the bank of the recipient.  

This is what XE has to say about that issue:

“Charges may occasionally be applied by a third party bank when transferring the funds to XE or before the funds arrive in the recipient account.”

2. Reviews: The Good, The Bad & The Ugly

Throughout our research, we put a great emphasis on exploring the reviews we found online. We believe that honest reviews from previous customers paint the real picture.

It’s important to remember that a review is an individual experience and should be taken with a “grain of salt.”

We felt most comfortable basing our review study off of Trustpilot.

XE has an “excellent” rating from Trustpilot ranging from over 35,000 reviews! Just because they got an excellent review doesn’t mean that the reviews were all positive. 

Review breakdown:

Review Percentage Breakdown

Excellent 86%

Good 10%

Average 2%

Poor 1%

Bad 1%

After reviewing customer fees back, I was impressed with the positive feedback on XE, but I couldn’t ignore the negative reviews (2%). 

So let’s get into the Ugly.

Negative Reviews 

Out of 2% of negative reviews (Poor & Bad), we identified 3 types of complaints that customers repeated. 

Money Delays

A handful of negative reviews had to do with money delays. XE takes this issue very seriously based on their responses. 

The majority of the complaints seem to come from a lack of understanding in terms of how long the process takes. There were many cases when the responsibility was on the banks from the receiving end and not on XE.  

Overall XE is very straight forward about the transfer time. We give them a fairly high rating in this category compared to the other money transfer specialists in the industry.

Verification Issues 

There were few customers that had verification issues and some that were all together blocked from making a transfer.

Money transfers are a regulated field and some customers were not approved. Most unapproved customers were due to a lack of ID requirements. 

HiFX Confusion

In 2019 HiFX merged into XE and they both joined forces. This caused confusion for HiFX customers because they weren’t sure how to go about transferring money. 

There You Have it

That was a taste of the good, the bad and the ugly. After our research, we are assured that XE is an excellent service despite the 2% of negative reviews.

3. Speed 

XE has a great service being able to send money quickly and efficiently to the other side of the globe if needed.  

Most of XE transfers go through in a matter of hours (usually the same day). XE gives customers an estimated delivery date. This is the earliest date that they can process your transfer. 

Transfer speed isn’t the same for all transfers. There are 3 main determining factors:

The currency you wish to send

Transfer amount

Bank on the recipients’ end 

Money transfers take time because each payment is passed through a few “middleman” banks before it reaches the recipient. This method is called SWIFT and basically is a global network of financial institutions. 

On average XE takes between 1-4 days to complete a money transfer. 

4. Safety

XE has an excellent track record with over 25 years in the online money transferring industry. Security is a top priority with XE.

XE is authorized in the United States, Canada, United Kingdom, Austria, and New Zealand as an Electronic Money Institution. 

They are regulated by FinCEN (USA), FinTRAC (CAN), FCA (UK), ASIC (AUS), QFE (NZL).

XE processed billions of dollars last year across 117 countries. 

Data Protection

When you sign up with XE  there is personal data that you must give to XE. This data is used only to identify you and the recipient of the money transfer.

XE holds on to this information for as long as necessary, no longer.

So is chúng tôi Secure?

Yes. XE makes safety and security a main focus when dealing with customers. 

Now that we established that XE is all around top of the line money transfer specialist, let’s check out how we sign up!

5. How to Sign Up

Making an account with XE is very straight forward, check out these steps:

Head over to



Create an account with XE, you’ll need to give your personal details.

Fill in further information such as your resident address, social security number, date of birth and an I.D.

You must upload a personal I.D to XE.com.

That’s about it, just wait for approval from XE. 

Once approved, sending a money transfer is a piece of cake! 

All you need to do is provide payment details, choose the currency, input amount you wish to transfer and add in recipient details. 

Is There an App?

There sure is!

You can download and set up a free XE account on your phone to get started.

Bottom Line

You made it! Let’s go over the main takeaways:

XE charges zero transfer fees

Trustpilot along with more than 35,000 reviews rated chúng tôi as an excellent money transfer service

1-4 days for average money transfer

Safety is a top priority to XE 

XE has a great app available for iOS or Android users

If you’re looking to send a money transfer, XE is a great option. They offer quick, transparent and safe money transfers that extend to 170 countries. XE is the money transfer specialist, with their assistance, you can be confident that you are in good hands. 

Xe Money Transfer Review: Is It Safe? How Does It Work? What Are The Rates?

How can you use XE Money Transfer to send money abroad? Is their service reliable? Can you trust XE Money Transfer with your money? How good are their fees and exchange rates?

Our independent review of XE Money Transfer


Money Transfer Provider Reviews

XE Money Transfer Review

XE Money Transfer Review

XE Money Transfer is a Good money transfer service (7.5/10) recommended by Monito. It’s a fully licensed and authorized money transfer provider, and has a very high number and percentage of positive customer reviews on TrustPilot (10/10). Setting up your transfer with XE Money Transfer is quick and easy (8.3/10). However, the exchange rate margin makes up most of the total cost of your transfer with XE Money Transfer service (3.8/10).

XE Money Transfer Mobile Apps Review

XE Money Transfer mobile apps have excellent ratings on Apple’s App Store (4.6/5 stars on 4,500 ratings) and Google’s Play Store (4.5/5 on 90,318 ratings). With WorldRemit’s mobile apps, it’s easy to send money from your smartphone in a few taps and receive alerts with the latest exchange rates. According to XE Money Transfer’s customers, the app is “the must-have for anyone involved in the currency transactions”.

XE Money Transfer services and coverage

XE Money Transfer is a large and trusted international foreign exchange business. With XE Money Transfer service can transfer money between almost any two countries in the world. XE Money Transfer is widely trusted and appreciated by its customer base, scoring an enormously high 4.7 out of ten in customer reviews (on TrustPilot).

XE Money Transfer has been exchanging currency for over 20 years and are part of the Euronet Worldwide Group, a large, very successful, international financial services business.

You can easily set up an account online and make currency exchange transactions using their secure online platform (available all day, every day) or by contacting their customer service center. You can fund transactions via your bank account, debit card, or credit card. Be aware that funding via credit card will incur an additional fee.

XE Money Transfer lets you transfer money between over 120 countries and over 60 currencies with most transactions being completed the same working day. They offer good exchange rates with no fees and provide regular updates on your transfer via email or SMS.

Overall, XE Money Transfer is a trusted, reliable, fast, and secure option to send money abroad.

What we like about XE Money Transfer

You can trade between over 120 countries and 60 currencies.

Most transfers are completed in one working day, but can take up to four working days.

Widely loved by their customers, with glowing reviews.

Excellent review on TrustPilot

What we dislike about XE Money Transfer

There exchange rates are competitive, but not necessarily the best you will find.

All transfers are made to the recipient’s bank account. Local cash pickups are not supported.

You can fund your transfer only via bank transfer

XE Money Transfer Review – The Highlights

Alternatives to XE Money Transfer

How does XE Money Transfer work?

Step by step breakdown of how to use the service. XE Money Transfer’s currency exchange process works as follows:

Set up an account with XE Money Transfer-they will need your name, address, phone number, and contact details.

You may need to provide bank details and other proof of identification like a photo or scan of identification documents.

You will need to let XE Money Transfer know the types of exchanges you are planning to complete.

Decide the currencies that you want to exchange money between.

Book a rate through the XE Money Transfer website or by calling their customer service center.

Provide details of the sender and receiver of the funds, including the receiver’s bank account.

Send money to XE Money Transfer, you can pay via bank transfer, debit, or credit card.

XE Money Transfer converts the money and deposits it into the recipient’s bank account.

You can track your transfer through email or get text message alerts and notifications.

FAQ about XE Money Transfer

Yes, XE Money Transfer service is the leader in currency exchange. It’s licensed and authorized by the Financial Conduct Authority under the Payment Services Regulations 2017. Xe is the part of the well-known Euronet Worldwide, the third-largest money transfer business in the world. More information about XE Money Transfer you will find in Monito’s review.

Yes, XE Money Transfer is a legit company, registered with and regulated by:

In the UK: FAC (Financial Conduct Authority)

In the US: FinCEN (the United States Financial Crimes Enforcement Network)

In Canada: FINTRAC (The Financial Transactions and Reports Analysis Centre of Canada)

In Australia: ASIC (Australian Securities and Investments Commission)

More information about XE Money Transfer you will find in Monito’s review.

XE is not only an international foreign exchange business but also a money transfer service. To transfer money with XE, follow the steps below:

Sign up for a XE Money Transfer account.

Proof your identity.

Decide how much you want to send and the currencies that you wish to exchange money between.

Provide recipient’s details (including bank account number).

Pay for your transfer (bank transfer, credit or debit card)

XE Money Transfer converts the money and deposits it into the recipient’s bank account.

And that’s it. The money is on the way to transfer’s recipient 💸

Why you can trust Monito’s reviews

Monito’s mission is to help you (and thousands of others each day) find the best providers for your money transfers.

We do that by providing real-time comparison of exchange rates and fees (you can use the form below to make a comparison) and by writting in-depth reviews about money transfer providers.

We have partnerships with many money transfer providers (XE Money Transfer included), which help us get access to their exchange rate and fees information (which we always check for accuracy). Those partnerships help us support our activity and offer our service for free.

We put a lot of efforts to review money transfer providers like XE Money Transfer in details and based on objective and verifiable criteria. A good example of that is the in-depth User Experience Benchmark Study we conducted in August 2018.

Questions you may have

Yes, XE Money Transfer is a legitimate company and a secure option to send money abroad. XE Money Transfer is part of Monito’s network of trusted partners.

We only compare money transfer operators or banks that are fully authorized and monitored by the regulatory authorities of their operating countries.

Monito is an independent company based in Switzerland. We have an affiliate partnership with XE Money Transfer, this means that we generate revenue when we refer new customers to XE Money Transfer.

We have such affiliate agreements with all the main and innovative providers of the industry, which allow us to remain independent and provide accurate and honest information to our users. This review of XE Money Transfer is based on objective and verifiable criteria.

Read our guides on sending money abroad

Xe.com Money Transfer Review: Should I Be Using Xe? Moneytransfercomparison

This XE Money Transfer review is intended to explain the pros and cons of using this company for your future money transfer needs. We focus on the important aspects like fees and exchange rates, the quality of the online trading platform, and the level of service provided. XE Money Transfer is a merger of chúng tôi and HiFX that took place in 2019.

🏛️ Established

1993. Owned by Euronet since July, 2015. Merged with HiFX since December, 2018.

⚖️ Regulation

✓ XE Money Transfer for european based individuals is now provided by HiFX Europe Limited, regulated by the FCA as an Authorised Payment Provider. ✓ HiFX is also regulated in Canada, Australia and New Zealand where the rebrand to XE money transfer similarly applies.

👨‍👩‍👧‍👦 Client Reviews

Over 29,000 reviews on TrustPilot

👍 Advantages

Since 1993

Ultra-Accurate Currency Quotes

Owned by Industry Giant Euronet Worldwide

Now provided by HiFX, fully regulated in all jurisdictions present

No Industry Awards or Recognition (for Money Transfers)

Our Rating: Pending

Status: Not In MTC’s Most Recommended List

View Why This Review is Pending

Our Top Rated Alternatives

Unsatisfied about the currency exchange rate XE money transfer offered you? Find XE money transfer alternatives:

Before you read the full review – learn more

XE Money Transfer FAQ

If you an existing XE money transfer client and want to close down your XE account – read this manual.

Read Full Review Below:

Company Information and Credibility

Company Size:

XE.com, which was established in 1993 in Ontario, Canada, is one of the Internet’s first currency exchange rate providers. Nowadays, there are hundreds of websites offering up-to-date information (we also have our own foreign currency rates section), but back when XE was established, there were none.

Between 1993 and 2002, together with the popularization of the Internet, chúng tôi became a synonym for everything currency related. It created a variety of tools, graphs, and APIs, that many companies were happy to pay a monthly retainer in order to gain access.

In 2002 XE started XE Trade, an online international money transfer service. While it is still selling currency data packages to companies, this has supposedly become the company’s main revenue stream. Since 2002, XE Trade Money Transfers has processed billions in global payments and has served thousands of businesses and individuals.

In July 2015 chúng tôi was bought by Euronet, the owners of HiFX and Ria money transfer (among others). The company employed 20-30 employees in Canada prior to the purchase. Last year the Euronet group processed over $115 billion in transfer volumes – a staggering amount and we’d be interested to see how much XE has transferred itself.

Regulated By:

XE Money Transfer, now provided by HiFX, is regulated in Europe, Australia, Canada and New Zealand. Adding to XE’s existing licenses in the US.

In its younger years and prior to using HiFX as their payment provider (as part of the acquisition by Euronet Worldwide), XE worked with Western Union. Which is also, of course, fully regulated, being the largest non-bank money transmitter in the world.

XE Money Transfer is now being consistently delivered by HiFX who are regulated by the FCA in the UK and all relevant regulators in the jurisdictions it operates. This is preferable to the previous set up where you would hope chúng tôi were choosing the right outsourced FX partner to provide a white-labelled service for your transfer. However, even despite the move, it is still not listed as one of the best currency transfer companies to provide the service .

Client Feedback


There are over 38,000 TrustPilot reviews which are 96% positive. With the strong XE brand, usage of the service and indeed the number of reviews appear much higher than before, perhaps incorporating HiFX reviews too. Even within the last year the company has amassed an additional 10,000 reviews.

For the sake of comparison, a company like World First has around 7,000 verified reviews on Feefo.


A small number of XE reviews we have discovered online are negative, detailing a number of reasons for their poor rating: non-responsive staff, poor rates, and a tricky online platform.

The 96% of positive reviews we have found online provide the complete opposite notion. The positive reviewers are extremely satisfied with the service they have received, the rates, and every other aspect. The positive XE reviews really like the speed and ease in which transfers are made,

There are additional reviews on the Comments section of this review by non-verified clients who provided feedback in regards to the service they have received.

Discover More Companies

Exchange Rates & Fees

Fees: XE proudly states they do not charge any fixed fees per transfer. Prior to 2017, this information was not mentioned on chúng tôi so the firm has perhaps changed its fee structure or just chose to opt for more transparency than before.

Exchange rates: The exchange rates in which chúng tôi uses are not visible on the website. You have to register and sign in to the online system, or speak to a phone representative, to get the current rates. These rates depend on the currencies and the volume of trading.

Limits: Not specified on the website.

XE Business Model and Ownership:

Euronet Worldwide Inc. (Nasdaq: EEFT) is a large money transfer company worth US$4 billion by market capitalisation and handling over $115 billion in cash per year across 155 countries. Euronet acquired chúng tôi in a cash and shares deal worth around $100 million. Once Euronet owned both HiFX and chúng tôi it made the decision to remove Western Union as XE’s money transfer provider and utilise the in-group capabilities of HiFX.

HiFX is a global provider of foreign exchange and as previously explained was already part of the Euronet group of companies. The Euronet takeover allowed XE.com’s online brand to be matched with HiFX’s reputation and market position. The improvement in customer feedback since XE has been run by HiFX indicates it was the right decision by Euronet to merge the two brands.

XE earns revenue from two services tied to currency exchange rates: currency data and international payments. XE earns subscription-based fees for delivering global currency exchange rate data through its proprietary currency data API. XE then earns transaction-based revenue from XE Money Transfers, its online international payments service made available to businesses and consumers through HiFX who have now rebranded their own business to XE Money Transfers too.


We could not determine whether XE rates are better than their competitors, on par, or worse, due to mixed client opinions.

Global Reach & Service


Dedicated Dealer: Yes (HiFX dealer).

Offices: UK, Spain, Canada, Australia, New Zealand

Ways to Approach: Telephone, online and via email.

Translations: No.

Accepts Clients: Worldwide.

Currencies Handled: 60+.

Client Reviews: Nearly all positive post HiFX rebrand


The XE Money Transfer service accepts clients internationally with no limitations. Their main focus is on clients from North America, Australia-NZ, the EU, and the UK. There are different sections on the Money Transfer section on chúng tôi devoted to people from these different locales but the content is highly similar between these different locations. tThe primary difference is the end-user agreement depending on which region you’re in.

Now that HiFX has also come under the XE name it means XE will be in the UK, Spain, Australia and New Zealand in addition to their original office in Canada. This is a marked improvement from before when it was just Canada and is a fairly consistent map of coverage in line with the big providers in the market. For the sake of comparison, its highly-rated competitor Currencies Direct boasts offices in 4 continents, and 7 functioning offices in total.

Additional Functionalities

XE.com is arguably the best online currency exchange calculator and has everything relating to this aspect – historical currency rates, currency charts, rate alerts, currency exchange apps, API’s, and more. All of the aforementioned services are great but fall outside the realm of making an international money transfer.

In international money transfers, however, XE offers the following: options, forward contracts, regular payments, mass payments, an online trading system and of course spot transactions. Like most FX brokerages, options are only available to corporate clients. Xe is also one of the few brokers that can offer credit lines to corporate customers. In fact it can grant credit facilities for up to 5 years, meaning clients may not have to provide a deposit for every forward or options contract they book. Corporate FX customers can also process mass payments via API.


For private clients, the XE Trade online system is similar in function to Transferwise and Currencyfair . You can use the online system to move money from point A to point B with no trouble.

The suite of products available to corporate clients is comprehensive and you can see the value that HiFX has brought to XE. Specialist market intelligence and a dedicated team that can discuss bespoke FX risk management strategies is just what we expect from a large money transfer brand. Much like the corporate services provided by Moneycorp and Global Reach Partners .

Xe Money Transfer Review 2022: Send Money Internationally Pros &Amp; Cons

XE Money Transfer is a great option if you need to move money internationally, and can help you send money fast. It is among the best international money transfer platforms, with good rates, as well as a solid track record.

In an awkward situation and need to transfer money quickly and securely?

Even if you aren’t in a terribly dramatic scenario, having lost your wallet in Paris or losing your credit card in the golden sands of Acapulco, you still might need to send and to receive money on a fairly consistent basis.

With the world seemingly much “smaller” than ever before, people are closely connected by the virtual world of the internet. This, of course, facilitates communication, travel, and business, making all types of transactions, particularly transferring money, swift and smooth.

To be sure, there are a lot of international money transfer services out there. XE Money Transfer has some great features, and can be a real lifesaver if you want to move money internationally, and at good rates.

XE Money Transfers – Visit

Transfer Type

Online Only


No Fees

Transfer Speed

From Same Day

Mobile App


Min Transfer


Visit XE Money Transfer

The Rise of International Money Transfer Services

However, transferring money is not new. Once the purview of banks, which still provide these service for a higher fee, there have been some competitors, particularly Western Union.

However, relatively recently, there have been many new companies emerging on the market, including PayPal, Transferwise, World Remit and Skrill.

Founded in the 19th century, Western Union originally was in the business of telegrams. Due to changing technology, this service ended in 2006, when Western Union focused on the money transferring aspect of the company. It has acquired many smaller companies over the years and has branches all over the globe.

However, it is important to note that SWIFT does not perform the actual money transfer. It sends payment orders which are settled by the correspondent accounts each institution has. The banks involved in a SWIFT transaction must be affiliated with each other for the transaction to be completed.

Why So Many Options?

You might have noticed that your bank has a SWIFT code, which is the system for identifying banks and transmitting the payment orders to be fulfilled. SWIFT has been criticized for its inefficiency. It is a cumbersome system in which transfers must pass through multiple banks before reaching the final destination. As a result, the transfers are slow, expensive and not transparent.

PayPal is the newer kid on the block since it was established in 2002 in the United States. It is an online payment system, allowing people to sell, buy, and transfer money for personal and business purposes. In its own words, it is an alternative to conventional paper methods of checks, transfers and of course, telegrams.

You can use Paypal to shop online, to bill clients and to keep funds in your virtual account. For your convenience, you can link your bank, and credit and debit cards to it. However, PayPal does take a percentage fee for business transactions.

Since the fee is a percentage of the transaction, the higher the invoice, the higher the fee. In personal transactions, the person sending might have to pay a fee, even if the person receiving the funds does not.

There are so many money transfer options, and the most difficult part might be to decide which transfer service is best for you.

Should you stick with your bank which most likely uses a SWIFT code? Or should you try one of the online platforms?

If you decide on the latter option, which service should you choose?

The significant issues of cost, speed, convenience, and service are things to consider when picking an online money transfer service.

XE Money Transfer has Some Big Advantages

XE Money Transfer is an incredibly popular company that was established in 1993 in Canada. It was one of the first currency exchanges on the internet, and its continual presence in the top ranks attests to its popularity and reliability.

As time progressed, XE created currency-related tools, graphs and API’s, all of which were well received. In 2002, it started XE trade, an online international money transfer service. At one point, XE was affiliated with Western Union.

However, in 2015, it was acquired by Euronet Worldwide, and as of December 2018, it operates under Euronet’s HiFX brand. It is regulated in Europe, Australia, Canada, New Zealand and the United States, which guarantees your money. They offer support in English, Spanish and French.

Boasting a 96% approval rate, XE offers more than 100 currencies to over 200 countries.

Last year, they did $115 billion worth of business with their international clients from that range of diverse countries. There is no set minimum for transfers, although the upper limit for online transactions is $500,000, and the company is renowned for its incredibly accurate currency quotes.

Their money transfer services include regular payments, online trading systems, spot and forward transactions, and corporate options.

For those interested in currency, XE is considered to be the best online currency exchange calculator and provides interesting statistics, histories, and exchange apps.

Although they claim that there are no fees for their services, there is a small margin charged on the interbank rate, or rather “1% below the bank rate”. It can vary by the exchange rate, the volume of the transfer and the chosen currency of the transfer.

Overall, adding a small percentage on the exchange rate is standard industry practice, and for many, it is much more preferable to a flat fee that can be as high as $40.

A rough estimate of their rates in terms of percentage costs, including fixed fess, is 0.5%-2%, while banks charge 3%-7% and PayPal is 6%-8%. Similar services run the range of 0.4%-3.5%. Therefore, it is easy to see that XE is quite competitive in this arena, and actually offers some of the best rates.

However, please note that these figures do not include any potential fees that may be charged by the financial institution on the receiving end.

The majority of Xe’s payments are settled locally, where no charge is applied. However, for the more exotic currencies or currency destinations, Xe may use the standard correspondent banking channel which may result in some fees being deducted by the local bank.

To get started, it is easy to set up an account, although you will have to provide pertinent information, including phone number and email address. There may be requests for more personal information, such as social security number, and you may be required to upload documents.

If you are uncomfortable with this, or you are not sure you want to be completely digital with your finances, then perhaps this is not the best option for you. Nonetheless, XE has enterprise-grade security in place, so you can do business with confidence.

Once you register an account, scheduling and making transfers is incredibly easy.

Most of XE’s transfers are processed the same day and you will be informed of the payment date, but it might take one to three days for the funds to arrive, due to the exotic location of the currency country or destination

XE features a great online platform that is easy to navigate. There is also a mobile app so business can be conducted by smartphone if needed or preferred.

There has been some contradictory feedback regarding the app functionality, but the web platform is definitely well designed. Definitely XE works well with a smartphone which offers you the flexibility to transfer money on the go.

Although XE does not offer cash pickup, it can be linked to a bank, a debit card and a credit card, although please note that there will be a service charge on the credit card from your provider. In fact, XE is a truly viable cost-effective alternative to banks, operated by market experts.

In addition to international money transfers, XE can provide business solutions including risk management, enhanced credit facilities. Currency data, mass payments, customized payment platforms, and referral partners.

Who can use the Platform?

Almost anyone can use XE, from the individual to the corporation, whether you need to make one transfer to a friend or multiple monthly payments to a client. The sheer scope of options is convenient for almost anyone unless you are trying to transfer low amounts.

With its business solutions, XE definitely caters to companies that are engaged in international transactions, but this does not mean that the average person cannot or should not use it. For personal transfers, XE supports wire transfer and automated clearinghouse.

As noted above, the funds are deposited in the recipient’s bank account, and the recipient does not have to have an XE account to access it.

If you are interested and you need to ascertain what the currency rate is, XE offers a convenient currency converter so that you can play with amounts, rates and currencies. Again, you will not know the exact charge, until you register an account and make the transfer.


Despite XE’s excellent reputation, it does have some competition, namely with Transferwise. Transferwise does allow for transfers via Apple Pay, Facebook Messenger, and Google Pay, in addition to standard bank transfers, credit and debit cards.

However, Transferwise only offers service to fifty countries and takes three to five days for delivery of funds. They also have limits different from XE, namely that the set limit is $250,000 annually.

Transferwise does charge service fees, which are comprised of a fixed fee plus a percentage of the amount you are sending. However, they do offer mid-market rates which can mean more money for your dollar on higher transactions.


With an easy to use platform, WorldRemit’s fees and exchange rates are low, and the transfers are quick, nearly instantaneous. Licensed by government regulators around the world, WorldRemit is a safe and convenient way to send money.

Trend Micro certification is used for security during transactions and it is back by Technology Crossover Ventures. However, it is not accredited with the Better Business Bureau and appears to have a slow response time in addressing complaints.

Although these two platforms are fierce competitors for your business, XE still maintains its reputation as the best service with overall more pro’s than con’s.

Conclusion: XE Money Transfer is Among the Best Options Out There

Technological development has allowed for radical changes in financial services, challenging the preconception of a traditional brick and mortar bank. Should you need money quickly, rather than laboring through the process of paperwork at a branch office and incurring high fees, you are now free to peruse all of the online options.

For those on the go, who prefer a digital-only footprint, XE emerges as the best option for international money transfers, for both individuals and businesses. With a long reputable history in currency exchange, it is an incredibly reliable, trustworthy, secure and easy means by which to transfer money.

XE has as the largest range of participating countries, currencies and languages. It charges no flat fees and gives an accurate and competitive exchange rate.

The mobile app makes it more convenient, offering flexibility tailored to your schedule, as do the countries, currencies, and languages. So should you find yourself on that deserted island or cash strapped in Asia, be happy knowing that XE not only has your back but will also help your wallet.

Visit XE Money Transfer

Nicholas is an experienced Finance Journalist who has written for a number of prominent online publications. He grew up in Ann Arbor, Michigan with a father that would read him the Wall St. Journal along side of other bed-time fare. He has traveled extensively, and been lucky enough to study a changing global economy in person. Nicholas spent many years in the Southern Cone of South America, sometimes in the middle of the countryside where livestock starts its journey to all points of the globe. Today he is thoroughly bemused with the stance that Central Banks have taken in the wake of the 2008 meltdown. There is no telling what will come out of the global financial system next, but he is glad that he lives somewhere that gold can be bought and sold readily! nick@moneycheck.com

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