🌐 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.
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⚡ 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.
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🛠️ 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.
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🔐 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.
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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
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✨ 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.
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🧾 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. |
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Want to check XE’s latest rates?
Compare XE with other top providers at BestExchangeRates.com and see how much you can save on your next transfer.
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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.