Xe Money Transfer Review

XE Fees and Rates

Xe offers low to no transfer fees, with all costs clearly shown before confirming a transaction. Fees depend on factors like the transfer amount, destination, speed, and payment method. Using a debit or credit card may cost more but provides faster delivery, while wire transfers and direct debit are typically cheaper.

Larger transfers often come with lower or no fees. Some recipient banks or intermediaries may charge additional fees, which are not controlled by Xe. Exchange rates and fees are displayed upfront, making it easy to see the full cost without hidden charges.

How Does it Work?

You can sign up for Xe Money Transfer in five minutes or less. For security, Xe may ask you for documents to prove your identity or your address. You can scan or take a photograph of your documents and upload them online.

After you have an Xe Money Transfer account, follow these steps to make a transfer:

1. Log in to your account.

2. Select the currencies you want to exchange.

3. Enter the amount of money you want to transfer.

4. Enter the name and bank account information of the recipient.

5. Confirm your method of payment (wire transfer, bank debit, or third party.)

6. Agree to the exchange rate and total cost.

Xe Money Transfer will send you an email or text message when they receive your payment, and another email or text message when they release your money transfer. After you receive the second notice, the recipient should receive funds in the recipient’s account. For Xe, 90% of transfers arrive in minutes, so you can expect your money to reach its destination faster than you think.

You can always check live currency exchange rates on Xe.com. These are mid-market rates — not necessarily the rates you'll be offered when making a transfer. When you start setting up a transfer, the rate may fluctuate in real-time due to changes in the global trade book. Once you confirm your transfer, the rate is locked in. Because Xe operates globally, markets are always opening or closing somewhere, so rates continue to move 24/7.

To get the best exchange rate, which may be important when you are making a large transfer, you can set an Xe Rate Alert. Xe will notify you when the exchange rate between two currencies meets a set exchange rate, so you can make your transfer at that time. Alternatively, you can book a limit order online to buy or sell a currency when it hits a specific target rate.

If you want to cancel a transfer for any reason, you can contact Xe via live chat, phone or email support.

How Long Does it Take?

Most Xe transfers are delivered within minutes. The exact timing depends on the currency, destination, and payment method you choose.

Debit and credit card payments are typically the fastest, with money often arriving within minutes. Wire transfers are usually completed within 24 hours once Xe receives your funds. Direct debit transfers typically taking up to 3 business days.

Xe will confirm the payment date with you when you are setting up your transaction. This will be the earliest date Xe can make your transfer.

XE Top Highlights

Xe Money Transfer lets you transfer currency internationally, using the website or mobile app. You can check current currency rates and set up money transfers 24/7, to countries all over the globe.

• Most transfers completed the same day

• Quick, easy signup and use

• Trusted for 30+ years, and part of one of the top money transfer businesses in the world

• “Limit orders” let you buy or sell when currency hits a target rate

• Rate alerts notify you when currency reaches a specific exchange rate

• Ability to transfer funds to over 190+ countries in the world

Customer Support

Xe offers dedicated customer support 24 hours a day, five days a week. Whether you're sending money, creating an account, funding a transfer, or have questions about transfer limits or security, their global team is available to assist you.

For personalized support with larger transfers or more complex issues, Xe’s client services team can provide guidance every step of the way to help ensure your transaction is smooth and secure.

You can also reach out for account-related questions or help with setting up a transfer, just visit the Contact page on Xe.com to get in touch with the appropriate team.

Privacy and Security

Nothing is more important with any money transaction than the assurance of your privacy and security. Xe has been in business for over 30 years, and is part of one of the world’s largest money transfer businesses. Xe is licensed as a Money Transmitter by the Department of Financial Services of the State of New York, and is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Xe is required to safeguard your funds and to segregate customer funds from those funds used in the business.

Xe has made commitments to protect your privacy, including collecting your personal data only for valid purposes, keeping it only as long as necessary and only for the purposes they told you about, and keeping it securely. You can see the complete privacy policy on Xe.com.

Bottom Line

Xe offers international transfers of currency to over 190 countries, as part of a group that is the third largest money transfer business in the world. It provides current currency rates and allows you to set up money transfers online 24 hours a day, seven days per week. You can use Xe Money Transfer online, or download the Xe Currency mobile app which has over 100M+ installs globally.