XE Money Transfer review

XE is a trusted name in currency exchange, offering international money transfers with competitive rates and no transfer fees for most corridors. Founded in 1993 and based in Newmarket, Canada, XE Money Transfer is a specialist currency broker. XE Money Transfer is authorised and regulated by FCA, FinCEN, ASIC, which means customer money is safeguarded separately from company funds. It currently holds a Trustpilot score of 4.4 out of 5 from roughly 85,946 reviews, which we rate excellent.

On fees, XE Money Transfer charges nothing upfront on the majority of corridors (no transfer fees), but the bigger cost is usually the exchange-rate markup of 0.5% - 1.5% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $500,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 1-4 business days, and the service reaches 130+ countries across 130+ currencies. You can fund a transfer by Bank Transfer, Debit Card and Credit Card, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors XE Money Transfer handles best.

On the plus side: well-known and trusted brand, no transfer fees for most transfers and supports 130+ currencies. That makes it a sensible choice for larger, planned transfers such as property purchases, tuition or business payments. Worth keeping in mind: exchange rates include a markup and no cash pickup option. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.