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XE Review

Reviews 64,344
XE
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XE
XE
Excellent
Reviews 64,344
Sally Herigstad
Jun. 14, 2022
2 min read
Sally Herigstad
XE Summary
XE has been in business since 1993. The company is part of Euronet Worldwide (NASDAQ: EEFT), which processed $115 Billion last year as the third largest money transfer business in the world. XE has built a reputation for trustworthiness and reliability in its many years in business. XE lets you make online international money transfers anytime, to over 220 countries and in 139 currencies.

Pros

  • Fast, easy online transfers 24/7
  • Enterprise-grade security
  • No transfer fees or monthly charges

Cons

  • Bank transfers only, no credit cards or cash accepted
  • No transfers to and from the same currency
  • Customer phone support not available on weekends

XE at a glance

7.6
Editorial score

Fees?

No transfer fees
8.0

Transfer time

Same day
8.0

Customer service

Help from an agent over the phone or through live chat available
8.0

Security

Regulated and encrypted secure transfers
6.0

Online and mobile experience

User friendly site and app that supports mobile transfers from all devices
8.0

XE XE Visit Site

XE Fees and Rates

XE does not charge transfer fees. XE makes money on the exchange rate spread—the difference between the exchange rate you pay and the day’s official exchange rate.

You may have to pay your bank a fee to wire money to XE, if that’s how you choose to make your payment. The third party bank where you send money or an intermediary bank may also deduct a fee for their service. XE cannot reimburse you for charges made by other parties.

How Does It Work?

You can sign up for XE Money Transfer in five minutes or less, in most cases. For security, XE may ask you for documents to prove your identity or your address. You can scan or take a photograph of your documents and upload them online.

After you have an XE Money Transfer account, follow these steps to make a transfer:

  1. Log in to your account.
  2. Select the currencies you want to exchange.
  3. Enter the amount of money you want to transfer.
  4. Enter the name and bank account information of the recipient.
  5. Confirm your method of payment (wire transfer, bank debit, or third party.)
  6. Agree to the exchange rate and total cost.

XE Money Transfer will send you an email or text message when they receive your payment, and another email or text message when they release your money transfer. After you receive the second notice, the recipient should receive funds in the recipient’s account within 1-4 working days.

You can always check currency exchange rates quickly on the main XE.com website, however this is the mid-market rate, not the rate you are offered when you make a transfer. If you set up a transfer while the markets are open, the exchange rate can fluctuate while you are setting up your transaction. You will be given an exchange rate, which you accept and lock in when you confirm your transaction. If the markets are closed when you enter your transfer, the rates do not fluctuate. They remain the same as they were when the markets closed.

To get the best exchange rate, which may be important when you are making a large transfer, you can set an XE Rate Alert. XE will notify you when the exchange rate between two currencies meets a set exchange rate, so you can make your transfer at that time. Alternatively, you can book a limit order online to buy or sell a currency when it hits a specific target rate. 

If you want to cancel a transfer for any reason, immediately call 1-877-932-6640 toll free in the U.S. and Canada. You may have to pay a 

fee to have a transaction reversed.

How Long Does It Take?

The fastest way to transfer money through XE is by wiring money from your bank to XE. Most customers choose this method, because it generally allows them to transfer money by the end of the same day. However, be aware that U.S. banks generally charge fees for wire transfers. 

If you choose to have XE draw funds from your bank account, your transfer can take two or three days to be completed.

XE will confirm the payment date with you when you are setting up your transaction. This will be the earliest date XE can make your transfer.

After XE releases the funds, the beneficiary bank may take 1-4 working days to credit the funds to the recipient’s account.

XE Top Highlights

XE Money Transfer XE lets you transfer currency internationally, using the website or mobile app. You can check current currency rates and set up money transfers 24/7, to countries all over the globe.

  • Most transfers completed the same day
  • Quick, easy signup and use
  • Trusted for over 25 years, and part of one of the top money transfer businesses in the world
  • “Limit orders” let you buy or sell when currency hits a target rate
  • Rate alerts notify you when currency reaches a specific exchange rate
  • No transfer fees charged by XE
  • Ability to transfer funds to over 220 countries in the world

Customer Support

Follow the onscreen instructions to open an online account and make your first transfer with XE Money Transfer. If you have questions, you may find answers in the FAQ section of XE.com. 

If you still need help, or if you are having technical issues, you can call or email customer support. Send general email questions to currency@xe.com, or money transfer inquiries to transfers@xe.com. You can call customer support in the U.S. at 1-844-832-1367 between 9:00 am and 5:00 pm, Eastern Time. For additional contact information, see the Contact page of XE.com. Worldwide customer service support is available 24 hours a day, five days per week.

XE does not offer a customer service chat line at this time.

Privacy and Security

Nothing is more important with any money transaction than the assurance of your privacy and security. XE has been in business for over 25 years, and is part of one of the world’s largest money transfer businesses. XE is licensed as a Money Transmitter by the Department of Financial Services of the State of New York, and is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). XE is required to safeguard your funds and to segregate customer funds from those funds used in the business. 

XE has made commitments to protect your privacy, including collecting your personal data only for valid purposes, keeping it only as long as necessary and only for the purposes they told you about, and keeping it securely. You can see the complete privacy policy on XE.com.

Bottom Line

XE offers international transfers of currency to over 220 countries, as part of a group that is the third largest money transfer business in the world. It provides current currency rates and allows you to set up money transfers online 24 hours a day, seven days per week. You can use XE Money Transfer online, or download the XE Currency mobile app.

XE XE Visit Site

To compare more financial products and read more guides and reviews, visit BestMoney

Sally Herigstad
Written by
Sally Herigstad
Sally has been writing about personal finance since 1998 and is the author of “Help! I Can’t Pay My Bills” (St. Martin’s Griffin). She is a licensed real estate broker in Washington state and a retired certified public accountant. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
Top Money Transfer
XE
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XE
Excellent
Reviews 64,344
on
Excellent
81%
Great
10%
Average
3%
Poor
2%
Bad
4%
B
bernie
18 hours ago
Seamless savings
I used bank transfers to move $11K CAD. I moved a small amount first to ensure functionality. It was a great transaction & I saved $250 over the bank rate in effect those days.
R
ron
15 hours ago
I’ve used several other apps
I’ve used several other apps, Wise, Remitly, Sendwave, and Western Union. I’ve found XE to be more consistent in rates and fair pricing than all the others.
S
steve rodgers
16 hours ago
Easy to help family and kids abroad.
Easy peasy.
S
stefania
17 hours ago
Was easy
Was easy , quick , very simple to do
U
unpub bostoncustomer
17 hours ago
An easy to use professional online money transfer facility
The tool was extremely useful to use. Website and app were both easy to navigate and any issues with money transfer such as insufficient funds or incoorrect sources were communicated eficiently. I had one instance where there was incorrect recepient and XE reversed the tansaction in couple of days after completing the investigation in a reasonable amount of time. Thanks for the great service.
P
peter
17 hours ago
My last transfer was completed in 24…
My last transfer was completed in 24 hrs.
D
dave chapman
17 hours ago
Fast efficient service
Fast efficient service
H
hitesh
18 hours ago
Simple and intuitive platform that offers better rates
Simple and intuitive platform. Often gives good rates compared to remitly. I would recommend using XE anyday.
F
francine
18 hours ago
Thank you for all
Thank you for all
A
anthony
18 hours ago
My initial trade went to an old HIFX…
My initial trade went to an old HIFX sort code by accident. I was told that it would be returned if I did that, but that has not yet happened. The initial trade was Thu 23/24 Nov for $15,000.
P
panneerselvam தம
18 hours ago
Best exchange rate in the market
Best exchange rate in the market and very simple process to send money. prompt status updates.
A
ahmed
18 hours ago
easy money transfer
quick transfer, best rates and easy money transfer process
H
haim baruh
18 hours ago
Honest and reliable company
Honest and reliable company, easy to use web site, prompt attention to my order. On the other hand, it takes a very long time to complete the transaction. Almost two weeks.
A
abderrahmane
19 hours ago
The fee to send money to Morroco is…
The fee to send money to Morroco is very high (from france) , it impacts the real exchange rate !
H
heather holland
19 hours ago
I made a mistake with by using an old…
I made a mistake with by using an old reference number. I emailed and got a prompt response. Sorted out easily.
K
krishnakant
20 hours ago
So far so good
So far so good
J
jose
20 hours ago
puntuality
very profesional
T
tom williams
20 hours ago
Very smooth and quick transaction from…
Very smooth and quick transaction from UK to USA
B
bill p
20 hours ago
The app is easy to use and quick
The app is easy to use and quick. Repeat transactions are handy.
D
deborah
a day ago
Downloaded the application today and…
Downloaded the application today and tried to send my first transfer which my bank declined. The EX representative instructed me to contact my bank for approval which I did. The bank said the block was removed and I could try the transaction again so I did. When I did, EX denied me service stating only that their “automated system” would not allow me to use their service. They have no control over their own system, could provide no help or information whatsoever. I have no such issues with PayPal or Xoom. XE gets a big zero rating from me.
P
paul
21 hours ago
Smooth transactions
Now that I have everything setup, the experience has been constantly great. I have a single person I send money to and It takes me a couple of minutes to perform the transaction. Being careful in the initial setup is important, as is working our your first transaction. After that it was smooth sailing.
P
paul roberts
21 hours ago
Fast service
Fast service, great communication
K
kd
a day ago
Trusted and fast transfers
Trusted and fast transfers
C
carol
a day ago
Fast and Efficient
Fast, accurate and timely! No worries. Good customer service in case there’s a problem.
consumer-image
valerie forster
a day ago
So increased efficiency & speed
So. My transfer was from them to my bank here in France & it arrived on the same day! Had a problem making the transfer but a staff member calmly & efficiently guided me through. 5 stars certainly deserved
M
m stenning
a day ago
It was easy and reached my account very…
It was easy and reached my account very quick
J
j m.
a day ago
Easy method of sending money
Quick and easy transfer. Well informed about the transaction.
R
rasheed
a day ago
Fast money transfers
Fast money transfers, very reliable, honestly such a life saver, top service. Thank-you
T
tim weaver
a day ago
Good rates
Good rates, fast response, quick transfer, reliable.
P
piyushkumar
a day ago
Good exchange rate free transfer money…
Good exchange rate free transfer money & safe square service.
M
mercedita
a day ago
Thank you for your service
Thank you for your service. I truly appreciate it. Keep up the good work. Mercy
D
dr. tanmoy
a day ago
resend feature
I like the resend feature. On the other hand, when the account information changes I have to set up the recipient from scratch instead of being abe to edit the existing information. Please allow to edit the existing recipient account or other information.
consumer-image
kishori sharan
a day ago
XE is one of the best money transfer…
XE is one of the best money transfer services available. It gives the best exchange rate. It needs to make the transfer a little faster.
S
samuel
a day ago
Great place to looks for news
X has been my favourite go-to place for news since Elon took control!
S
sandra scott
a day ago
Transfer is not complete
Transfer is not complete when asked for a review. Contacted about the transfer and it was completed that afternoon. I have used this transfer service before and fully trust them to do the transfer and respond to any questions
k
kritika yadav
a day ago
Money not received in recipient account…
Money not received in recipient account after 16 days.
S
shravan
a day ago
Good exchange rates and transfer time…
Good exchange rates and transfer time is reasonable
N
noel
a day ago
Excellent - eventually
Initially I was not happy as i couldn't log on (as my account had been closed due to inactivity although I don't recall being notified of that). It was then hard to find a number to call someone to find out why I couldn't log on. That person was very helpful and from then on it was a seamless service. Money arrived promptly and I would recommend using XE.
s
sandra verdam-lemereis
a day ago
Always easy and very fast
Always easy and very fast
H
hendrick
a day ago
This app is really dependable
This app is really dependable
H
hans sommer
a day ago
Great service
Great service. Quick and not really expensive
A
andrew
a day ago
Very Trustworthy
Very contactable, and made the whole process quick and trustworthy
V
vicky a
a day ago
Very efficient easy to use service
Very efficient easy to use service
R
roy brown
a day ago
First class service
I have used XE for money transfer countless times for some years now and have found the service easy to use and prompt. The only slight niggle I have is that each new transaction has a new reference code, meaning I have to set up a new transfer each time with my bank.
C
customer
a day ago
Liz was great & responsive going…
Liz was great & responsive going through the process without being too pushy either Made it all easy & simple Thank you
P
pathmanathan manohar
a day ago
instant transfer
instant transfer
H
hari
a day ago
It is fine
It is fine. I would have given 5 star but now that you have started charging for every transaction, how much ever big it is, I had to give 3 star
M
mr k aspinall
a day ago
Using XE has helped greatly with my…
Using XE has helped greatly with my move to Thailand. XE has made the transfer of funds from GBP to Thai Baht quick, easy and affordable with excellent exchange rates. No living in Thailand I still rely on XE to make all my money transfers.
A
audrey
a day ago
Rate not the best available
Rate not the best available, however rate of transfer excellent.
M
milan
a day ago
Quick and easy.
Quick and easy.
R
richard
2 days ago
You cannot tranfer Canadian money from a Canadian Banks to ...
You cannot transfer Canadian money from a Canadian Banks to a Canadian Banks in us money in a us account.
S
sam
2 days ago
I've been using Xe for 3 years
I've been using Xe for 3 years. I can get the best rate only from Xe. The transfer is slw but reliable.
M
maria cristina wertz
2 days ago
Satisfied customer
The exchange rate is competitive and the fee is reasonable; moreover the money reached my account within 24 hrs after I transferred. Thank you!
M
marion talbot
2 days ago
Easy to use website
Easy to use website. No fess and rates that compare well with other companies. Once XE receive your money the transfer is speedy.
H
hans hoogstrraat
2 days ago
Great as usual !!!
Great as usual !!!
R
remya
2 days ago
Fast service and good converter rate
Xe gives good converter rate and reasonably fast service too.
P
peter
a day ago
Everything went wrong
I have been dealing with XE for many years; earlier it was called HiFX. Usually transferring money from the UK to Australia takes about a day or two; this money is pension money as my wife & I worked for between 15 & 20 years in the UK. But this time it took almost a week and I was asked some questions before the money reached my account. Please tell me why I had to wait so long to see my money. Of course I appreciate that the security of my money is very important; maybe more so nowadays than formerly. If the extra time is necessary to ensure that my money is safe, then I shall accept that. Thanks for the opportunity to modify my review. I must say that XE usually gives a better conversion rate that the other company I sometimes use, so I guess I will continue to use XE in the future. Many thanks for your service.
R
rand
2 days ago
Savings and Ease of Use
Savings and Ease of Use! Not only did I save over $50 (3%) versus a well-established competitor wire service, but the ease of setting up the beneficiary record made the switch painless. There are areas where XE is not cheaper than the competition, such as same currency wires, but for most of our needs, XE will save both time and money.
J
joshy
2 days ago
Good user experience and forex rates
Good user experience and forex rates: Xe has an easy to use web app that provides good experience to clients including the progress status update of transactions. They offer attractive money transfer forex rates and no additional or hidden charges.
R
robert
2 days ago
went well ran smoothly
went well ran smoothly
B
bethreilly
2 days ago
Prompt service
Prompt service
B
bonny
2 days ago
Mostly very easy to use website
Mostly very easy to use website. I wouldn't go back to using a bank to purchase and send money overseas.
T
tiziano
2 days ago
Easy to use
Easy to use, great fees structure, no fuss.
c
carol
2 days ago
Easy to use
The web interface is exceptionally easy to use and has a good response time. Once transaction is in process, communication about that transaction is quick (receipt) and it is nice to receive a message about completed payment.
j
jacqueline watkins
2 days ago
Fast transfer from GBP to CDN and great…
Fast transfer from GBP to CDN and great communication on progress and state of the transfer of my money.
P
paul
2 days ago
Always reliable and an easy-to-use…
Always reliable and an easy-to-use service.
L
laura fidler
2 days ago
Take your money and dont want to send.....
This company didn't mind sending my £100 to Thailand and charging me £2 to do so, then when I sent a larger amount, they want to hold up the payment until you pass compliance phone call and then email....Ok i said just refund the £20k oh that will take another 4 days! Watch out.
S
stephen
2 days ago
My transfer did work but…
My transfer did work, but why does it take so long? I never did this before so i was disappointed that there were insufficient instructions available to know exactly what data would be requested during the process. I had to pretend to make a transfer to determine what information was needed. So, I initiated a transfer and it appeared to be underway only to see it was stopped to verify me and nothing to indicate how long that would take or what was required. I immediately chatted with support to ask how long and the verification was completed promptly. But I then was required to reinitiate the transfer. It was confusing because I was afraid I had duplicated the transfer by initiating it after the verification. Alls well that ends well, I suppose.
C
cliff
2 days ago
The App works very well and is easy to use.
The App works very well, is informative and is easy to use. Any transactions I have made from my UK bank to my Portuguese bank have arrived within 24hours or less. Echange rates are always very competitive.
S
sithersingh
2 days ago
Good service
Good service
D
david graham
2 days ago
Good rates and very fast transfer to my…
Good rates and very fast transfer to my account in Spain. A very easy process too. Many thanks.
R
romeo
2 days ago
Reliable and great.
Xe is very reliable in delivering its services. They have also a good exchange rate compared to others. Overall, service is great.
J
jason walsh
2 days ago
Great service
Great service, fast processing and good pricing.
C
christine
2 days ago
It takes too long
It takes too long for you to send the money, and there is no information about the ETA when I look up the details. You took the money out of my account on Nov 30. It is now Dec 5, I don’t have the transfer yet and most importantly I don’t know when I can expect it. I am looking for an alternate provider.
J
jo anne
2 days ago
I was very pleased that my transfer was…
I was very pleased that my transfer was completed in one day. It brought be great relief knowing my transfer came through so quickly! I appreciate your service and will share with my friends
R
rob
2 days ago
Easy to use website with good exchange…
Easy to use website with good exchange rates and clear information - no hidden charges ! The money transfer I made to France was cleared into my account in less than 24 hours - fast and reliable transfers every time.
A
amalia
2 days ago
Very easy to use
Fast and easy way to transfer money and at a great rate
D
diane broadhead
2 days ago
Quick and easy but disappointing you…
Quick and easy but disappointing you now charge
A
andre chivell
2 days ago
Fantastic and professional service as…
Fantastic and professional service as always.
S
stuart
2 days ago
Things finally look good again
Things finally look good again. The first thing is you don't need to have a minimum of $3000.00 to do a bank wire transfer. The second thing is the transfer actually went through. The third thing is came very quickly once the funds were received. I pray this will stay the same!
N
neil taylor
2 days ago
good points
Easy website to use, competitive transfer rates, quick delivery of funds, friendly reminders of good rates available.
H
hma
2 days ago
The kindness and patience of the staff…
The kindness and patience of the staff over the telephone and the help given. Thank You.
R
roy
2 days ago
Very rapid and easy inter country transfer
I requested transfer of funds from UK to Spain at about 10.30 at night. The funds were in my Spanish account the next day. Very happy with the experience
S
stuart
2 days ago
Reliable
Reliable , fair and great service !
consumer-image
finty
2 days ago
Abysmal - first and last time I use this company
I used XE for a money transfer deposit to a reputable company in Namibia on 21/11. It didn't arrive after a few days and I contacted XE chat bot which threw up an email saying they would contact me within 48 hrs. Heard nothing and money still not arrived. I called them on 2/12 and was told there were extra security procedures and processes to be followed which they didn't bother contacting me about. I sent them the relevant paperwork and answered the relevant questions and they informed me they would let me know when the money was released. Still waiting and had heard nothing so I called yet again, today 5/12 them only to be told the money was released but they would need to investigate where it is. Now in limbo yet again. Meanwhile I am £1.7K out of pocket, no-one knows where my money is. The deposit is for a tour which we are likely to miss out on due to this utter shambles as the company can't wait around forever for their deposit. XE when you read this please note that I sent the recipient a copy of the invoice from you and they confirmed the bank details are correct. EDIT to reply to XE. I am well aware of bank security checks and fully support them. What I don’t like is when a company gives me the runaround and I have to take time out of my day to continually chase them up when their promise of keeping me informed does not materialise. My contact has just advised they have received the funds. Funny old thing, right after I registered a complaint with XE and asked for my issue to be escalated. 2 weeks my money was in someone else’s account but no one seemed to know where.
S
shayne
2 days ago
Fast service
Fast service, reliable,cost of £2:00 is new to me and is not acceptable do going to look for other free service
c
customer,
2 days ago
It is so simple once you have registered
It is so simple once you have registered
J
james
2 days ago
Great service
Great service, the best I have found. Rapid delivery and a good rate given.
T
twd
2 days ago
So easy to use and good exchange rates.
So easy to use and good exchange rates.
J
joanne burnett
2 days ago
Easy to do and quick money transfers
Easy to do and quick money transfers
A
anonymous
2 days ago
Rapid transmission of funds
Rapid transmission of funds
T
theresa
2 days ago
Really easy to use and very fast…
Really easy to use and very fast transfer of money. Seamless experience and good notifications at each stage of the process.
G
gareth
2 days ago
XE - continuing unacceptable customer service
So the follow up. Nine days after XE cancelled my transfer because I objected to the intrusive detailed "security" information they requested (list details of all jobs in last ten years, last job in previous country I lived in, list any government contacts...etc etc) and after XE failed to respond to my request to discuss the rationale and legal basis for such information, XE have still not returned my funds or been proactive in communicating about this. I have had to contact them 3 times to demand the return of my funds and provide evidence that I paid it, despite the fact that the payment was made with the contract number as the reference.
V
vince
2 days ago
The usual excellence
My transfer went through quickly and accurately - as expected of course.
P
peter
2 days ago
Easy and fast transfers
Easy and fast transfers
D
deodass rajiah
2 days ago
Excellent service
Excellent service. Money transferred with ease and funds deposited in recipient's as indicated by the company. I have never experienced any problems with all my overseas transactions since I started to use the company. Highly recommended.
J
jon
3 days ago
Lost €13 in a transfer
Lost €13 in a transfer. Xe and recipient bank conveniently had no information. XE support response was to go chase it myself. Useless. Never use them again.
c
customer
3 days ago
Very quick transfer
Very quick transfer
T
t stafford
3 days ago
Efficient Service
Simple process. Reliable record. Competitive rate.
C
charles
3 days ago
Easy trouble free transfer
Easy trouble free transfer