Xe Large Money Transfer review
- Number of Currencies
- 100+
- Minimum Transfer Amount
- $1
- Pay By
- Bank transfer, Credit card, Debit card
- Fees (Pay by Bank Transfer)
- $0
Our verdict
With over 30 years experience in global money transfers, benefit from their expertise handling large transactions.
Sending large amounts overseas doesn’t need to be stressful. If you’re moving abroad, making an international investment or receiving inheritance, XE can help you save money on weak exchange rates. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. Since launching in 1995, XE has transferred over $10 billion to date.
- Transfer money worldwide with bank-beating rates.
Details
Product details
| Product Name | Xe Large Transfers |
| Pay By | Bank transfer, Credit card, Debit card |
| Receiving Options | Bank account |
| Customer Service | Phone, Live chat, Email |
| Maximum Transfer Amount | $750,000 online (no max offline) |
| Number of Currencies | 100+ |
Why should I consider Xe Money Transfer?
- No transfer limits. Transfers placed over the phone have no limit, but online transfers are limited to $500,000 per transaction or sending currency equivalent.
- Expert assistance - You will have a dedicated account manager to help you with your transfer.
- Currency alerts. Create currency pair alerts by email to receive notifications when your desired mid-market rate is met.
- Business accounts. Whether you're a large business or a small startup, XE provides a great platform for buying and selling overseas.
What to be aware of
- Need to create an account. To get a quote on the exchange rate for your transfer, you will need to create an account.
- No mid-market rate. Xe transfers do not use the mid-market rate, so customers should pay attention to the transfer rate they're being offered.
How are Xe Money Transfer's exchange rates?
Like many other money transfer providers, the exchange rate you receive when making a transaction with Xe is different from the mid-market rate. Exchange rates vary, but are typically between 0.5% and 2%.
Xe specializes in a wide range of foreign currency solutions and allows customers access to live exchange rates that reflect market conditions. These rates change regularly throughout the day to keep pace with any fluctuations in the market and are typically better than the rates offered by major banks.
Xe also offers tools like forward contracts and market orders. Forward contracts are when you agree to a rate in advance and then your transfer is made on a specified date. This can help to lower transfer costs as you can lock in your transfer when rates are more favourable. Market orders are when you can set a target rate, and once your rate is achieved your transfer will automatically be created.
XE reviews and complaints
XE is rated as "excellent" on Trustpilot and has a score of 4.3 out of 5, based on 63,647 reviews. Positive reviews highlight their excellent customer service and competitive rates for personal and business customers. Negative reviews mention their compliance policies, XE have to follow strict anti-money laundering regulations and require customers to verify their identity. XE typically responds to negative reviews within 24 hours with details on how to contact customer service for help. 81% of customers rated them 5 stars and 10% gave them a score of 3 stars or lower.
Is Xe Money Transfer safe to use?
Founded in 1993, Xe is owned by Euronet, a multi-billion dollar company that also owns Ria Money Transfers. Euronet has partnerships with hundreds of global companies, including Visa, MasterCard, PayPal, Google and more. As such, while Xe isn't regulated by Australia's regulatory body ASIC (Australian Securities and Investments Commission), Xe's parent company is.
Part of this regulation means Xe has to keep its customers' funds separate from its own assets. This means that should the company have any financial difficulties, your funds are safe. As a group, they processed $115 billion last year.
What your Xe Money Transfer could look like
Use the table below to find out more details about what making a money transfer with Ria Money Transfer looks like. Click the Go to site button to visit XE's site and get a quote for your transfer.
How to send money transfer with Xe Money Transfer
To send a money transfer with Xe you will first need to create an account. You can do this via its website or through its app.
What types of transfers can you make with Xe?
Xe offers a few different tools to help you make your money transfer, including:
- Limit orders. Choose an ideal exchange rate and your transfer will automatically go through when it's met.
- Regular payments. Set up a recurring payment at a frequency that suits you.
- Forward contracts. Lock in today's exchange rate for a transfer in the future.
- Business transfers. Xe has a separate product specifically for businesses.
How long does an international transfer with Xe Money Transfer take?
Once you have confirmed your money transfer, you'll see an expected payment date - although this is the earliest estimated time your funds can be sent. Once Xe has received your payment, normally the transfer only takes minutes to process.
How does Xe Money Transfer compare to other money transfer services?
Frequently asked questions
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