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Xe Large Money Transfer review

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Xe Large Transfers
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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.

In this guide

  • Our verdict
  • Details
    • Product details
  • Frequently asked questions
  • Your reviews
  • Ask an expert

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.

1 - 1 of 1
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
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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?

1 - 25 of 25
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
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.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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
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
Limited time offer: Earn up to 125,000 bonus Qantas Points as a first-time converter. Ends 30 April 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
Airwallex
Within minutes
$0
Streamline global payments in 60+ currencies. Send & receive securely in 150+ countries, with fast settlements & competitive rates. Simplify book-keeping & manage everything in one place.
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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