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XE alternatives

Compare providers like XE to find the most affordable way to send money overseas.

Are you searching for a trusted money transfer provider so you can send money overseas quickly, easily and affordably? If XE doesn't meet your transfer needs or you just want to compare your options, there are plenty of other companies to consider.

Check out the eight XE alternatives below and compare their exchange rates, fees and transaction times to find the best money transfer service for you.


TorFX logo

TorFX

TorFX is a foreign exchange company that specialises in large overseas transfers for personal and business users. Founded in 2004, TorFX has a Level 1 rating from Dun & Bradstreet and operates offices in Australia, the USA, the UK, Europe, South Africa and India.

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Why pick TorFX instead?

  • No transaction fees
  • No maximum transfer limit
  • Advanced transfer tools like forward contracts and limit orders to help you lock in the best exchange rates
  • Dedicated account manager when you need support

Downsides

  • Not as competitive for transfers of less than $2,000
  • Doesn't support some of the more exotic currencies
  • You can only pay for your transaction using a bank transfer


Revolut logo

Revolut

Launched in the UK in 2015, Revolut has been offering currency exchange and transfer services to Australians since 2019. You can use Revolut to send money abroad in over 25 currencies, and its user-friendly app helps ensure that sending a transfer is quick and easy. That's why you should check it out if you're searching for providers like XE.

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Why pick Revolut instead?

  • User-friendly app
  • Get the mid-market rate during market hours
  • No maximum transfer limit on most major currencies
  • Also offers perks like a debit card and budgeting tools

Downsides

  • Exchange rate markups apply on weekends
  • Confusing fee structure
  • Monthly fees and currency exchange limits may apply depending on the plan you choose
  • Other providers support more currencies


Wise logo

Wise

Launched in 2011, Wise is an international transfer service that allows you to send money overseas in more than 50 currencies. Because it offers the mid-market exchange rate on international transfers, Wise says it is up to seven times cheaper than banks.

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Why pick Wise instead?

  • You get the mid-market exchange rate with no markup
  • User-friendly transfer experience
  • Supports large transfer amounts
  • Pay for your transfer using a debit card, credit card, bank account or with POLi, or Apple Pay and Google Pay on the Wise mobile app

Downsides

  • Transfer fees apply
  • Other providers may be more affordable for large transfers
  • Cash pickup transfers not available


Western Union logo

Western Union

With roots tracing back to 1951, Western Union is a brand synonymous with money transfers and has an impressive network of agent locations. Western Union also provide a convenient way to transfer money and have multiple transfer options.

Why pick Western Union instead?

  • Offer discounts on transfer fees to attract new customers
  • Suitable for sending money to people who don't have bank accounts
  • With 525,000 agent locations worldwide, they have the most agent locations globally

Downsides

  • Inconsistent markups on currencies such as GBP, some approach 5%
  • Not competitive for large money transfers


worldremit logo

WorldRemit

Next on our list of XE alternatives is WorldRemit, which offers cash pickup transfers, bank transfers, mobile money transfers, airtime top-ups and even home cash delivery in some countries. It also offers 24/7 customer support in 6 different languages to help make sending a transfer as simple and stress-free as possible.

Why pick WorldRemit instead?

  • Easy to use
  • Lets you send money to over 140 countries
  • Supports a wide range of payment options and payout methods
  • Instant transfers available

Downsides

  • Transaction limits and daily transfer limits apply
  • Fees vary depending on transfer destination, how you pay and how your recipient gets the money
  • Exchange rate markups range from 1% to 4% depending on the currency you send


ofx logo

OFX

OFX, previously known as OzForex, is an Australian foreign exchange company that was founded in 2001. It offers bank-beating rates on money transfers to over 170 countries, and you can also enjoy 24/7 phone access to a currency expert if you need any assistance with a transaction.

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Why pick OFX instead?

  • Supports over 55 currencies
  • No transfer fees if you send more than $10,000
  • You can lock in your exchange rate up to 12 months in advance
  • Supports advanced transfer tools like limit orders

Downsides

  • You'll need to verify your account via phone before you can send your first transfer
  • Minimum transfer amount of $250
  • You can only send transfers to your recipient's bank account


Remitly logo

Remitly

Remitly is an international remittance service that offers quick and easy money transfers. Founded in 2011, it allows you to choose between Express and Economy transfers depending on your needs and budget, while 24/7 customer support is also available. And with multiple transfer methods supported, there are lots of good reasons why Remitly is worth a look when comparing XE alternatives.

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Why pick Remitly instead?

  • Lets you send money to over 100 countries
  • Multiple payout methods for your recipient
  • It's possible for your recipient to get the money within minutes

Downsides

  • Low transfer limits on new accounts
  • Doesn't support advanced tools like limit orders and recurring transfers
  • Exchange rate markup can vary greatly depending on where you're sending money


Instarem logo

Instarem

Instarem offers fast international money transfers to more than 60 countries around the world. Launched in 2014, the company is regulated in Australia and several other countries globally, and it's easy to send money and track your transactions using the Instarem app. And if you need to send international business payments, Instarem also offers business accounts.

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Why pick Instarem instead?

  • Supports a wide range of payment methods
  • Competitive exchange rates available
  • Transfer amounts arrive instantly or usually on the same day
  • You can earn reward points to save money on future transfers

Downsides

  • May not support the currency you need
  • No cash pickup transfers available
  • $20,000 limit if you're paying with your credit or debit card


Still looking for other options?

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Sign up and get a AUD$15 top-up. For new customers only. T&Cs apply.
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Earn 1 Qantas Point per AUD$1 equivalent you convert into foreign currencies. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
TorFX Business Transfers
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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