Xe Money Transfer Review: Is It Worth Using in 2025?
If you’ve ever needed to send money internationally, you’ve probably heard of Xe. Once known solely for its currency converter, Xe has evolved into a global money transfer service that millions rely on for fast, affordable, and secure international payments.
In this review, we’ll take a deep dive into Xe Money Transfer—how it works, how it compares to other services, and whether it’s the right option for your international money transfer needs.
Get started with Xe Money Transfer
What Is Xe Money Transfer?
Xe Money Transfer is an international payment platform that allows individuals and businesses to send money to over 130 countries in more than 100 different currencies. It’s part of the Euronet Worldwide group, which also owns Ria Money Transfer—one of the largest money transfer networks in the world.
While Xe began as a currency converter and exchange rate tracker, it now serves as a full-featured money transfer solution trusted by millions.
Key Features of Xe Money Transfer
1. Global Reach
Xe allows you to send money to over 130 countries, including the US, UK, Australia, Canada, India, and countries throughout Europe, Asia, Africa, and Latin America. It supports major and exotic currencies alike, giving you the flexibility to send money almost anywhere in the world.
2. Competitive Exchange Rates
One of Xe’s main selling points is its favorable exchange rates. Unlike traditional banks that often add high markups, Xe offers rates closer to the mid-market rate with a small margin. That means more of your money gets to your recipient.
3. Low or No Transfer Fees
For most transfers—especially higher amounts—Xe doesn’t charge a fee. In cases where there is a fee, it’s clearly shown upfront, so there are no surprises.
For example:
- Transfers over a certain threshold (e.g., $500 or $1,000) are often fee-free.
- Smaller transfers may have a small flat fee.
4. Fast Transfer Times
Xe processes most transfers within 1–3 business days. In some cases, money can arrive on the same day, especially for popular currencies and destinations.
5. Safe and Regulated
Xe is fully regulated by financial authorities in multiple jurisdictions. It uses bank-level encryption and robust security protocols to protect user data and transactions. You’re not just sending money—you’re doing it securely.
6. Intuitive Mobile App and Web Interface
The Xe platform is user-friendly, whether you’re on a desktop or using their mobile app (available for iOS and Android). It’s easy to create an account, set up a transfer, track your money, and even set rate alerts if you’re waiting for a better exchange rate.
7. Business Transfers
Xe also supports businesses that need to pay overseas suppliers, remote employees, or international invoices. Features include forward contracts, mass payments, and detailed reporting tools.
How to Use Xe Money Transfer
Getting started with Xe is straightforward:
- Create a Free Account
- Sign up online or through the mobile app.
- Verify your identity (you may need a government-issued ID).
- Enter Transfer Details
- Choose the amount, currency, and destination.
- See the live exchange rate and any applicable fees.
- Add Recipient Info
- Provide the recipient’s bank details or wallet info.
- Xe supports direct-to-bank transfers for most destinations.
- Pay for the Transfer
- Payment options include bank transfer, debit card, and in some countries, credit card.
- Track Your Transfer
- Get real-time updates via email or in the app.
- View transfer history and track delivery status.
Who Should Use Xe?
Xe is ideal for:
- Expats and digital nomads sending money back home
- Students paying tuition or living expenses abroad
- Travelers who want better rates than traditional banks
- Freelancers or remote workers sending or receiving international payments
- Small business owners managing global payroll or supplier payments
Pros and Cons of Xe Money Transfer
Pros
- No hidden fees for most transfers
- Excellent exchange rates
- Available in 130+ countries
- Easy to use web and mobile apps
- Strong regulatory compliance
- Supports high-value transfers
- Fast processing times
Cons
- No cash pickup option (bank account transfers only)
- Transfer speed can vary depending on destination and currency
- Some transfers may still have fees, especially low-value ones
- Limited payment methods (no PayPal or crypto)
Xe vs. Other Money Transfer Services
Wondering how Xe compares to the competition? Here’s a quick overview.
| Feature | Xe | Wise | Western Union | OFX |
|---|---|---|---|---|
| Transfer Speed | 1–3 days | Same day to 2 days | Minutes to days | 1–2 days |
| Fees | Low or none | Low, transparent | Can be high | No transfer fee |
| Exchange Rate | Competitive | Mid-market | Often poor | Competitive |
| Cash Pickup Option | No | No | Yes | No |
| Minimum Transfer | Low | Very low | Low | $1,000 |
Xe shines when you’re looking for low-cost, direct-to-bank transfers at solid exchange rates. If you need cash pickup, though, something like Western Union might be better.
Real User Experiences
Most users rate Xe highly for its reliability, speed, and simple interface. People love that they can lock in a good rate, see all fees upfront, and track transfers easily.
Here are some common highlights from users:
- “I saved hundreds compared to my bank’s exchange rate.”
- “The process was fast and transparent. I knew exactly where my money was.”
- “Customer support was responsive when I had a question.”
Of course, no service is perfect. Some users report delays during account verification or when sending to countries with stricter banking regulations. Others mention minor issues with the app interface—but overall, reviews are overwhelmingly positive.
Is Xe Money Transfer Safe?
Yes. Xe is licensed and regulated in countries including the UK, Canada, Australia, and the EU. It uses strong encryption and fraud prevention tools to safeguard users’ money and personal information.
Additionally, Xe is part of Euronet Worldwide, a Fortune 1000 company, which adds a layer of corporate stability and trust.
Frequently Asked Questions (FAQ)
How much does Xe charge to send money?
Fees depend on the destination, amount, and currency, but many transfers over a certain amount are fee-free. Smaller transfers may carry a small flat fee. All costs are displayed clearly before you confirm the transfer.
How long does a transfer take?
Most Xe transfers arrive within 1 to 3 business days. Some can be delivered in as little as a few hours, depending on the country and payment method.
Can I cancel a transfer?
If the transfer hasn’t been processed, you may be able to cancel it from your account. If it’s already in progress, contact support to see your options.
What currencies can I send?
Xe supports over 100 currencies, including USD, EUR, GBP, AUD, CAD, INR, PHP, MXN, JPY, and more.
Does Xe offer cash pickup?
No, Xe transfers go directly to bank accounts or mobile wallets. If you need cash pickup, another service like Ria or Western Union may be a better fit.
Can I send money from my phone?
Yes! The Xe app is available on iOS and Android and supports transfers, tracking, rate alerts, and account management.
Final Verdict: Is Xe Money Transfer Worth It?
If you’re looking for a safe, simple, and cost-effective way to send money internationally, Xe Money Transfer is one of the best options available. It combines great exchange rates, low fees, and a seamless experience whether you’re on your phone or computer.
It’s not perfect—those needing cash pickup or ultra-fast transfers might look elsewhere—but for most users, Xe delivers exactly what they need.
