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Xoom Reviewed

We take a look at the Xoom service and check how good their exchange rates are.

#Reviews #FinTech #USD
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Xoom is an online international money transfer service that offers a secure and fast way to send money from either bank account or credit card from their website to friends and family.

Exchange Rates 0
Customer Service 0
Ease of Use 0

Xoom Cheap Transfers

Visit Xoom and Save

With the Xoom bank deposit service, consumers can send money directly to bank accounts in Argentina, Australia, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, France, Germany, Guatemala, Honduras, India, Ireland, Italy, Jamaica, Mexico, Netherlands, Nicaragua, Panama, Peru, the Philippines, Poland, Spain, the United Kingdom, Uruguay and Vietnam.

Xoom offers cash pickup service to the following countries (number of locations as of 1/3/2013): Argentina (68), Bolivia (333), Brazil (3,798), Chile, (172), Colombia (981), Costa Rica (87), Dominican Republic (367), Ecuador (989), El Salvador (895), Guatemala (2,101), Honduras (692), Jamaica (494), Mexico (15,374), Nicaragua (150), Panama (18), Peru (1,073), Philippines (10,951), and Uruguay (279).

Home delivery services are offered to the Dominican Republic and the Philippines.

Consumers pay for Xoom money transfers using funds from their U.S. bank account, credit card, or debit card. The money transfers are paid out in either U.S. dollars or in local currency.

Xoom Foreign Transfer Rates - Compared

The below live Foreign Transfer comparison tables shows how much you could save on your next foreign transfer by using a broker such as Xoom. Note the margins are compared to the current mid-rate. You can change the currencies and send or receive amount with our full Foreign Transfer calculator.

 
  

USD to MXN International Money Transfers

   Xoom Xoom logo

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee USDTotal CostDeal Links
Xoom logo
Mex$18,149
Compare
18.244.994.65%
HSBC logo
Mex$18,243
Mex$94 more
18.27U$1.54.16%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
Mex$18,028
Mex$121 less
18.24155.29%
U.S. Bank International Money Transfers
U.S. Bank logo
Mex$17,982
Mex$167 less
18.2U$125.53%
Wells Fargo Bank logo
Mex$17,961
Mex$188 less
18.29185.64%
Bank of America International Money Transfers
Bank of America logo
Mex$17,927
Mex$222 less
18.2U$155.82%
 
Xoom logo
Xoom: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:4.99
Exchange Rate:18.24 (4.18% from mid-rate)
To Amount (MXN) Mex$18,149
Total Cost:4.65%
Time:8:45 Local
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:U$1.5 USD (.15%)
Exchange Rate:18.27 (4.02% from mid-rate)
To Amount (MXN) Mex$18,243
Total Cost:4.16%
Difference:
Mex$94 MXN more than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:15
Exchange Rate:18.16 (4.6% from mid-rate)
To Amount (MXN) Mex$18,028
Total Cost:5.29%
Difference:
Mex$121 MXN less than using Xoom
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:U$12 USD (Minimum fee)
Exchange Rate:18.2 (4.39% from mid-rate)
To Amount (MXN) Mex$17,982
Total Cost:5.53%
Difference:
Mex$167 MXN less than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:18
Exchange Rate:18.29 (3.91% from mid-rate)
To Amount (MXN) Mex$17,961
Total Cost:5.64%
Difference:
Mex$188 MXN less than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
Bank of America: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:18.2 (4.39% from mid-rate)
To Amount (MXN) Mex$17,927
Total Cost:5.82%
Difference:
Mex$222 MXN less than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/13/2019 - See full table
 
  

USD to CAD International Money Transfers

   Xoom Xoom logo

Foreign Transfer ProvidersReceive CAD(C$)Exchange RateFee USDTotal CostDeal Links
Xoom logo
C$1,254.21
Compare
1.26054.994.7%
HSBC logo
C$1,261.11
C$6.9 more
1.263U$1.54.18%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
C$1,246
C$8.21 less
1.2607155.32%
U.S. Bank International Money Transfers
U.S. Bank logo
C$1,242.71
C$11 less
1.2578U$125.58%
Wells Fargo Bank logo
C$1,241.54
C$13 less
1.2643185.67%
Bank of America International Money Transfers
Bank of America logo
C$1,238.93
C$15 less
1.2578U$155.86%
 
Xoom logo
Xoom: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:4.99
Exchange Rate:1.2605 (4.22% from mid-rate)
To Amount (CAD) C$1,254.21
Total Cost:4.7%
Time:8:45 Local
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:U$1.5 USD (.15%)
Exchange Rate:1.2630 (4.03% from mid-rate)
To Amount (CAD) C$1,261.11
Total Cost:4.18%
Difference:
C$6.9 CAD more than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:15
Exchange Rate:1.2553 (4.62% from mid-rate)
To Amount (CAD) C$1,246
Total Cost:5.32%
Difference:
C$8.21 CAD less than using Xoom
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:U$12 USD (Minimum fee)
Exchange Rate:1.2578 (4.43% from mid-rate)
To Amount (CAD) C$1,242.71
Total Cost:5.58%
Difference:
C$11 CAD less than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:18
Exchange Rate:1.2643 (3.94% from mid-rate)
To Amount (CAD) C$1,241.54
Total Cost:5.67%
Difference:
C$13 CAD less than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
Bank of America: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:1.2578 (4.43% from mid-rate)
To Amount (CAD) C$1,238.93
Total Cost:5.86%
Difference:
C$15 CAD less than using Xoom
Time:8:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/13/2019 - See full table
 
  

USD to INR International Money Transfers

   Xoom Xoom logo

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee USDTotal CostDeal Links
Xoom logo
66,596
Compare
66.934.995.79%
HSBC logo
66,959
₹363 more
67.06U$1.55.27%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
66,165
₹431 less
66.94156.4%
U.S. Bank International Money Transfers
U.S. Bank logo
65,989
₹607 less
66.79U$126.65%
Wells Fargo Bank logo
65,922
₹674 less
67.13186.74%
Bank of America International Money Transfers
Bank of America logo
65,788
₹808 less
66.79U$156.93%
 
Xoom logo
Xoom: Foreign Transfer USD→INR
From Amount (USD)U$1,000
Fee:4.99
Exchange Rate:66.93 (5.31% from mid-rate)
To Amount (INR)66,596
Total Cost:5.79%
Time:8:46 Local
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→INR
From Amount (USD)U$1,000
Fee:U$1.5 USD (.15%)
Exchange Rate:67.06 (5.13% from mid-rate)
To Amount (INR)66,959
Total Cost:5.27%
Difference:
₹363 INR more than using Xoom
Time:8:46 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→INR
From Amount (USD)U$1,000
Fee:15
Exchange Rate:66.65 (5.71% from mid-rate)
To Amount (INR)66,165
Total Cost:6.4%
Difference:
₹431 INR less than using Xoom
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→INR
From Amount (USD)U$1,000
Fee:U$12 USD (Minimum fee)
Exchange Rate:66.79 (5.51% from mid-rate)
To Amount (INR)65,989
Total Cost:6.65%
Difference:
₹607 INR less than using Xoom
Time:8:46 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→INR
From Amount (USD)U$1,000
Fee:18
Exchange Rate:67.13 (5.03% from mid-rate)
To Amount (INR)65,922
Total Cost:6.74%
Difference:
₹674 INR less than using Xoom
Time:8:46 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
Bank of America: Foreign Transfer USD→INR
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:66.79 (5.51% from mid-rate)
To Amount (INR)65,788
Total Cost:6.93%
Difference:
₹808 INR less than using Xoom
Time:8:46 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/13/2019 - See full table
Examples sending US$1000 to Mexico, Canada and India
   

Further Reading

 

Disruptors Challenging Australian Banks in Forex Price and Service: ACCC Report

Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.

Last update: 11 Dec, 2019

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Last update: 27 Aug, 2019

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Last update: 29 Nov, 2019

  

Posted to: Reviews

 

1 Review for “Xoom Reviewed”

  1. Avatar jj says:

    Fast, easy and secure!!! Have been a xoom customer for a while, and cant complain, great service and quick shipping!!!

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