XE Review

Compare money transfer and see how XE compares with other remittance providers


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Transferring money abroad in the most effective way possible has always been a serious subject for many. There is always the search for that prefect blend of low transfer fees, faster execution times and limits to look at.

That is, of course, considering exchange rates and the reliability of the platforms being used.

Putting all of that into consideration, one of the payment services that have crossed our radar is XE.

In this piece, we take a holistic look at this money transfer service to see if it is a great bet for you.

What is XE?

XE is an international money transfer and remittance service that has been in the business since the year 1993. Recently purchased and run by Euronet since the year 2015, their longevity in the game gives them a lot of credence, putting trust in the hearts of their many customers.

That is not the only thing that makes this service great though. Combining a slew of cool features and policies, it is no wonder that they have been able to stay in this industry, and kept their relevance too, for years.

Having served more than 285 million unique visitors and processed more than $74 billion, they are surely worth a look at.

What currencies are available on XE Money Transfer?

As of the time of writing, this payment service is supporting close to 40 currencies from all over the world. There is a chance that more gets added in time to come too. For now, though, the supported currencies are:AED, AUD, BGN, BHD, BWP, CAD, CHF, CZK, DKK, EUR, FJD, GBP, HKD, HRK, HUF, ILS, JMD, JOD, JPY, KES, KWD, LSL, MUR, MXN, NOK, NZD, OMR, PHP, PLN, QAR, RON, RSD, SAR, SEK, SZL, THB, TND, TRY, TTD, USDand ZAR.

How long does a transfer take on XE?

From the time the transfer was initiated, the initiator would have to wait anywhere between 3 – 5 business days. It is recommended that you contact the customer service personnel if your r transfer hasn’t been approved within that timeframe. Speaking of getting in touch with the customer care reps…

How can I speak with XE Customer Representatives?

You can choose to either phone in or use their dedicated email service. There are toll free numbers for users in Canada, UK, US, Australia and New Zealand. There are also local numbers for these regions and beyond. If you have special requests, they have set up different email accounts that will help redirect your needs to the appropriate quarters.

What are the available XE Money Transfer methods?

You can

  • use their web portal (online),
  • opt to transfer on your phone or
  • use the bank account to account deposit method These are the only three methods of transfer available to the service as of now.

What are the minimum and maximum transfer limits on XE?

The good news about XE is that you are not limited in how much you can send to or receive from anywhere in the world. That means you can send/ receive as low as 0 USD and as high as you can imagine.

How much does XE charge for transactions?

You will be happy to know that no fees are imposed on transactions handled on XE. To put that in another way, the platform will not charge you anything to send your money to another recipient or receive from them. They, however stay profitable by earning some fees on the exchange spread whenever they convert currencies for you. Likewise, you should know that XE does not have any power to stop third party banks from imposing their own transfer fees on users. Thus, any fee you get charged will most likely be a doing of your bank.

What types of transfers can I make on XE?

There are two basic form of money transfers that are possible on this platform:

  • Wire Transfer and
  • Automated Clearing House (ACH)

What are the pros and cons of using XE Money Transfer?

Like any other service, there would be great sides and the poor sides. Here is how XE compares on both fronts: Pros

  • Zero transaction fees – XE does not charge a fee for receiving or sending money from or to anywhere in the world
  • No transaction limits – You can send/ receive as low as you want or as high an amount as you might have in mind.
  • Competitive exchange rates – The exchange rates are in line with the live forex markets, and you will see this changing till you confirm the transaction.
  • Highly specialised in money transfer and exchanges – This means they have only one service to offer, and they are highly focused on it.
  • Decades of experience – They have been improving their services for years now, so you have nothing to worry about Proven track record.
  • Supports a mammoth number of currencies – Now, you can send money to more than 30 countries without hassles


  • Cash pickup is not available
  • Does not allow credit card payments
  • Transfer time may be a little long for some people

What Other Users Think

We have compiled some of the top reviews from TrustPilot to help you have an idea of what people are saying about XE:

Review #1 – Donagh O’Neill First class service.  So easy to do money transfers.

Review #2 - John Transfer went well and process was clear and straightforward. Would recommend without reservation

Review #3 - Paul Latest transfer, can’t think how you could make it easier, clear and straightforward, fast and efficient. Good job

Review #4 - Michael Super-fast, easy, and value priced, XE is why old stodgy firms that just don’t get it (like Western Union), have abandoned the space. Stay amazing XE!

Review #5 – Geoffj2 I have used the system many times and find it accurate, reliable, honest and very trustworthy. For moving money about, to relatives or for any other reason, to any part of the world, it is no problem. I have sent money to Canada and Australia so far and have no complaints.


Overall, XE remains one of the most solid platforms that you can use to send money almost anywhere in the world. A competitive exchange rate plan which works in line with live forex markets means you get the best rates, and you don’t even pay fees on your transfers. Combine that with the flexibility, and you have one of the best remittance services to put your money on.

How Boki works

Boki compares how much you will pay to transfer money abroad

1. Compare remittance providers

We run exchange rate and fee comparisons in real-time, so you know exactly how many you can save.

2. Find the best deal for you

There are many companies who will transfer money for you, but they all have different exchange rates and charge different fees.

3. Select a provider and save

Click the provider that offers the lowest all-around cost. You will be forwarded to their website where you can start a transfer.

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