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XE Money Transfers - Guide and Review

XE works on razor thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal. Transfers can be booked online and over the phone and most are processed within a single working day.

XE Money Transfers - Guide and Review

🌐 XE Money Transfers Review (2025)

A Trusted Name for Currency Transfers Worldwide

If you’ve ever looked up exchange rates online, chances are you’ve used XE. Best known for its currency converter, XE has also built a strong reputation in the money transfer space, offering reliable international transfers to millions of customers globally.

Quick Verdict

XE Money Transfers Summary
Best For Bank-to-bank transfers for individuals and businesses; bulk payments and FX risk management.
Strengths Trusted global brand, zero upfront fees, business-friendly tools, broad currency and country coverage.
Weaknesses No cash pickup option; exchange rate includes a margin; not the fastest for urgent transfers.
Overall Rating ⭐⭐⭐⭐ (4/5)
Ideal User Personal users and SMEs needing reliable, bank-based international payments with added security.

But how does XE Money Transfers stack up for individuals and businesses? Here’s what you need to know.

💼 What Is XE Money Transfers?

XE is a global money transfer service that enables individuals and businesses to send money to over 130 countries in 60+ currencies. As part of the Euronet Worldwide group (which also owns HiFX and Ria), XE combines solid financial backing with decades of experience in currency exchange.

Unlike some peer-to-peer services, XE is geared toward both personal and business transfers, handling everything from one-time remittances to large international payments.

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💸 How Does XE Work?

XE allows you to send funds directly to a recipient’s bank account. Transfers are initiated online or via their app, and you’ll see a clear breakdown of fees and exchange rates before confirming your payment.

XE does not charge upfront fees on most transfers, but it builds a margin into the exchange rate (typically smaller than what traditional banks charge). This means the cost of your transfer depends largely on the exchange rate you receive — so it’s smart to compare rates before sending.

⚡ Speed and Delivery

Transfer times vary by country and currency pair, but most payments arrive within 1–3 business days. XE offers real-time tracking via your account so you can monitor your payment’s progress from start to finish.

It’s not typically the fastest option for same-day cash payouts (unlike providers like Western Union), but for bank-to-bank transfers, XE is reliable and efficient.

🛠️ Business Services

XE also supports business transfers, offering tools like:

• Mass Payments for bulk transactions

• Forward Contracts to lock in exchange rates for future payments

• Risk Management Advice for companies exposed to currency volatility

These services make XE a solid choice for SMEs needing to pay overseas suppliers, contractors, or staff.

🔐 Is XE Safe?

Yes — XE is fully licensed and regulated in the UK, US, Australia, Canada, and Europe. It uses enterprise-grade security, including encryption and identity verification, to protect your transactions.

XE is part of the Euronet Worldwide family, a Fortune 500 company, adding an extra layer of trustworthiness.

How much can you send online with XE

XE have limits on how much you can send in a single transfer online:

Currency Minimum Transfer Maximum Transfer (Online)
USD (US Dollar) $1 $535,000 USD
GBP (British Pound) £1 £350,000 GBP
EUR (Euro) €1 €500,000 EUR
AUD (Australian Dollar) $1 AUD $750,000 AUD
CAD (Canadian Dollar) $1 CAD $535,000 CAD
NZD (New Zealand Dollar) $1 NZD $750,000 NZD
SGD (Singapore Dollar) $1 SGD $500,000 SGD
HKD (Hong Kong Dollar) $1 HKD $4,000,000 HKD
JPY (Japanese Yen) ¥100 JPY ¥50,000,000 JPY

Note:

  • XE may allow higher amounts via phone-assisted transfers or business accounts.
  • Limits can vary by sending and receiving country, as well as compliance and regulatory requirements.
  • Always check your XE account dashboard for the most accurate, real-time limits when setting up a transfer.

✅ Pros and Cons

Pros

✔️ Trusted global brand with decades of experience

✔️ Zero transfer fees on most payments

✔️ Business-friendly tools like forward contracts

✔️ 130+ countries, 60+ currencies

✔️ Secure and fully regulated

Cons

❌ Exchange rate includes a margin (not mid-market)

❌ No cash pickup option — bank-to-bank transfers only

❌ Not always the fastest for urgent, same-day payouts

✨ Who Should Use XE?

XE is a great option for:

• Individuals sending personal payments internationally

• SMEs paying overseas suppliers or contractors

• Anyone looking for no-fee bank-to-bank transfers with a trusted provider

• Businesses seeking forward contracts and mass payment capabilities

It may not be the best fit if you need cash pickup services or the absolute lowest FX rates for small transfers — peer-to-peer platforms like Wise might offer sharper rates in those cases.

🧾 Final Verdict

XE Money Transfers offers a secure, reliable, and cost-effective way to send money across borders. With a trusted brand name, solid business tools, and wide currency coverage, it’s a great choice for both personal users and businesses — especially if you’re looking for no-fuss, bank-to-bank transfers backed by a global leader in foreign exchange.

Feature Details
Global Reach Send money to 130+ countries in 60+ currencies.
Transfer Method Bank-to-bank transfers only (no cash pickup).
Fees No upfront transfer fees on most payments.
Exchange Rates Competitive rates with a small margin added to the mid-market rate.
Transfer Speed Typically 1–3 business days, depending on currency corridor.
Business Services Forward contracts, mass payments, risk management tools.
Regulation & Security Fully licensed and regulated globally; enterprise-grade encryption.
Customer Support Online help center, email, and phone support.
Platform Access Website and mobile app for iOS and Android.

Want to check XE’s latest rates?

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XE Money Transfers - Guide and Review

Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.