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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$18,278
Compare
18.374.994.39%
HSBC logo
Mex$18,372
Mex$94 more
18.4U$1.53.9%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
Mex$18,156
Mex$122 less
18.37155.03%
U.S. Bank International Money Transfers
U.S. Bank logo
Mex$18,110
Mex$168 less
18.33U$125.27%
Wells Fargo Bank logo
Mex$18,088
Mex$190 less
18.42185.39%
Bank of America International Money Transfers
Bank of America logo
Mex$18,055
Mex$223 less
18.33U$155.56%
 

Xoom logo

Xoom: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:4.99
Exchange Rate:18.37 (3.91% from mid-rate)
To Amount (MXN) Mex$18,278
Total Cost:4.39%
Time:0:45 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:18.4 (3.76% from mid-rate)
To Amount (MXN) Mex$18,372
Total Cost:3.9%
Difference:
Mex$94 MXN more than using Xoom
Time:0:45 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:18.29 (4.33% from mid-rate)
To Amount (MXN) Mex$18,156
Total Cost:5.03%
Difference:
Mex$122 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:18.33 (4.12% from mid-rate)
To Amount (MXN) Mex$18,110
Total Cost:5.27%
Difference:
Mex$168 MXN less than using Xoom
Time:0:45 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:18.42 (3.65% from mid-rate)
To Amount (MXN) Mex$18,088
Total Cost:5.39%
Difference:
Mex$190 MXN less than using Xoom
Time:0:45 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:18.33 (4.12% from mid-rate)
To Amount (MXN) Mex$18,055
Total Cost:5.56%
Difference:
Mex$223 MXN less than using Xoom
Time:0:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/22/2019 - 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$1,251.92
Compare
1.25824.994.29%
HSBC logo
C$1,258.81
C$6.89 more
1.2607U$1.53.77%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
C$1,244
C$7.92 less
1.2584154.92%
U.S. Bank International Money Transfers
U.S. Bank logo
C$1,240.43
C$11 less
1.2555U$125.17%
Wells Fargo Bank logo
C$1,239.19
C$13 less
1.2619185.27%
Bank of America International Money Transfers
Bank of America logo
C$1,236.67
C$15 less
1.2555U$155.46%
 

Xoom logo

Xoom: Foreign Transfer USD→CAD
From Amount (USD)U$1,000
Fee:4.99
Exchange Rate:1.2582 (3.81% from mid-rate)
To Amount (CAD) C$1,251.92
Total Cost:4.29%
Time:0:45 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:1.2607 (3.62% from mid-rate)
To Amount (CAD) C$1,258.81
Total Cost:3.77%
Difference:
C$6.89 CAD more than using Xoom
Time:0:45 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:1.2529 (4.22% from mid-rate)
To Amount (CAD) C$1,244
Total Cost:4.92%
Difference:
C$7.92 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:1.2555 (4.02% from mid-rate)
To Amount (CAD) C$1,240.43
Total Cost:5.17%
Difference:
C$11 CAD less than using Xoom
Time:0:45 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:1.2619 (3.53% from mid-rate)
To Amount (CAD) C$1,239.19
Total Cost:5.27%
Difference:
C$13 CAD less than using Xoom
Time:0:45 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:1.2555 (4.02% from mid-rate)
To Amount (CAD) C$1,236.67
Total Cost:5.46%
Difference:
C$15 CAD less than using Xoom
Time:0:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/22/2019 - See full table
 
  

USD to INR International Money Transfers

   Xoom Xoom logo

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee USDTotal CostDeal Links
Xoom logo
67,143
Compare
67.484.995.32%
HSBC logo
67,519
₹376 more
67.62U$1.54.79%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
66,711
₹432 less
67.5155.93%
U.S. Bank International Money Transfers
U.S. Bank logo
66,532
₹611 less
67.34U$126.18%
Wells Fargo Bank logo
66,462
₹681 less
67.68186.28%
Bank of America International Money Transfers
Bank of America logo
66,330
₹813 less
67.34U$156.47%
 

Xoom logo

Xoom: Foreign Transfer USD→INR
From Amount (USD)U$1,000
Fee:4.99
Exchange Rate:67.48 (4.84% from mid-rate)
To Amount (INR)67,143
Total Cost:5.32%
Time:0:45 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:67.62 (4.65% from mid-rate)
To Amount (INR)67,519
Total Cost:4.79%
Difference:
₹376 INR more than using Xoom
Time:0:45 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:67.2 (5.24% from mid-rate)
To Amount (INR)66,711
Total Cost:5.93%
Difference:
₹432 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:67.34 (5.04% from mid-rate)
To Amount (INR)66,532
Total Cost:6.18%
Difference:
₹611 INR less than using Xoom
Time:0:45 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→INR
From Amount (USD)U$1,000
Fee:18
Exchange Rate:67.68 (4.56% from mid-rate)
To Amount (INR)66,462
Total Cost:6.28%
Difference:
₹681 INR less than using Xoom
Time:0:45 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→INR
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:67.34 (5.04% from mid-rate)
To Amount (INR)66,330
Total Cost:6.47%
Difference:
₹813 INR less than using Xoom
Time:0:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/22/2019 - 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: 1 Oct, 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: 6 Jul, 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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