Xe Money Transfer Review 2023: Is this the best way to send money overseas
If you’re looking for a fast, easy, and affordable way to send money overseas, Xe Money Transfer may be the solution for you. Xe is one of the largest and most well-known money transfer companies in the world. They offer competitive exchange rates and no fees on many transfers. In this Xe money transfer review, we’ll take a closer look at what they have to offer.
Is Xe Money transfer the right option for you?
Pros of using Xe Money Transfer:
- Money transfer in 65 currencies to over 170 countries.
- Using the mobile app is simple and convenient. The Xe Currency app is available in both iOS and Android.
- Strong support for businesses and individuals. Live chat is available for signed-in users. They also have phone & email support.
- They are usually great for large money transfer.
- Xe for business customers get zero fees on most international transfers
- They have competitive foreign exchange rates when compared to banks.
- 25 years of experience in the currency exchange industry.
- you can send money up to 535,000USD or sending currency equivalent in a single transfer online.
- you can pay to the recipient’s bank account or arrange cash pickup.
- HiFX, Xe, and Ria Money Transfer have been combined under the Money Transfer division to assist in the establishment of the world’s third-largest money transfer business.
- They have a very informative Xe Help center for any questions.
Cons of using Xe Money Transfer:
- you cannot pay for your transfer using cash or cheque.
- lower exchange rate (send rate) when paying through a credit or debit card.
- US customers have a flat fee of 2.99% if you pay through a credit card.
- separate send fee is included if choosing cash pickup option for delivery.
- They don’t accept prepaid credit or debit card.
- The payment method you choose depends upon the region you are based in. Not all regions can pay by debit card or credit card.
- exchange rate margins are not clear
Is Xe Money transfer safe
Can I trust Xe Money Transfer? Is Xe Money transfer legit?
Yes, Xe Money Transfer is regarded as one of the most reliable online transfer services. Trustpilot reports that this company received 4.3 stars for the ~54000 Xe.com reviews as of publishing this article.
- They have enterprise-grade security measures in place
- They adhere to strict regulatory standards in every country they operate in
- They are regulated by the central banks and financial regulatory agencies over the world
- They have processed over 115 billion in 170 countries for over 112,000 customers and have been in the business for over 25 years
Xe Money transfer customer reviews
What the reviews say:
Xe.com received almost 54,000 reviews from TrustPilot. 84% of them are 5-star ratings(as of publishing the article). Xe’s frequent positive feedback includes low fees, good currency exchange rates, quick and easy money transfer process, and reviewers were highly impressed with the customer service.
How long does it take to transfer money through Xe.com
We anticipate that the money will arrive in less than 24 hours if sending USD within the United States. It would take 1-4 business days for this to reach you if you’re sending USD outside of the US.
Click this link to know the specific delivery time for your currencies
How fast is Xe?
Once Xe has received and cleared funds it can take anywhere from 1-4 working days. It is advisable to pay via card for faster transaction time. You can get more information about the money transfer while using Xe mobile app. you get a notification at each stage of the transfer and can also track the progress of your transfer.
The time it takes to deliver your money to your recipient will depend on the route it takes, the currencies you’re converting from and to (currency pairs), and the payment method selected (Source: Xe.com)
How much can I transfer money with Xe
Xe money transfer limits?
- Below are the sending limits when sending a single transfer online, depending on your region
- if you are sending for cash pickup you can send 3,000 of your local currency per transfer, up to a max of 5 times per day. For example, if you have registered within the US you can send 3000$ per transaction for a max of 5 transfers per day.
Xe transfer options
1. Send Channels:
- Xe Mobile App
- Xe Website
2. How to pay Xe Money transfer? What payment methods can I use when sending money with Xe Money Transfer?
Payment methods are:
Depending upon your region
- Debit or credit card
- Bank/Wire Transfer
- Bank Debit (Direct Debit)
3. Delivery options:
- Recipient’s overseas bank account
- cash pick up ( if available)
Xe transfer pricing
Is Xe Money transfer free? How much does Xe charge to transfer money? Xe money transfer fees? How much does it cost to use XE?
To learn more about the fees please click the following link
How do I transfer money using Xe
How does XE money transfer work? How do I send money with Xe?
you can transfer money in 3 easy steps:
- Create Xe account
- Enter your personal/bank details
- Confirm details and send money(always check the exchange rates)
Who owns Xe money transfer
Xe Money transfer is part of Euronet Worldwide. Together they form the third-largest money transfer business in the world.
Xe Money transfer for business
They support:
- Sole traders and Micro Businesses
- Small to medium businesses
- Enterprises
with Xe Business solution you can
- Spot Transfer
- Put forward contracts
- Put Market orders
Xe money transfer countries
Xe transfers money in 65 currencies to over 170 countries:
Japan, India, Mexico, Argentina, Sweden, Thailand, Philippines, South Africa to name a few. To know the complete list of countries please click on the following link
Xe customer support
You can contact them via:
- Live Chat (need to login) – you can chat in over 100 languages
- Phone (only in English)
- Email (complete the contact form) – in over 100 languages
Conclusion
I hope this Xe money transfer review has been helpful in providing you with information on Xe Money Transfer. I would like to conclude by persuading you to try out their services.
Xe Money Transfer is a great choice for those looking for a fast, reliable, and affordable money transfer service. Their online platform is easy to use, and they offer competitive exchange rates. Plus, their customer service team is available to help you with any questions or problems you may have.
So if you’re looking for a cost-effective way to send money overseas, I recommend giving Xe Money Transfer a try. You won’t be disappointed!
