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
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 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.
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.
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.
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.
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.
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.
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.
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.
Your guide to currency exchange in Brisbane, including how to get the best exchange rate.
Your guide to key inheritance statistics in Australia and what to expect from the upcoming “great wealth transfer”.
Your guide to Australia’s key exports and imports, trading partners and economic complexity.
Using international money orders to send money overseas? Learn about better options.
Search for the SWIFT code you need when sending money to NAB.
If you're looking to transfer money out of Australia, read our guide on the four best transfer companies.
Don’t pay too much for a money transfer. Check out the latest Remitly promo codes and discounts.
Are you due to receive a large sum of money from another country? Familiarise yourself with Australian laws and tax regulations regarding money transfers.
Minimum and maximum transaction limits can restrict your international money transfer options, so compare overseas transfer limits in this handy guide.
What bank account details do you need to provide to send or receive an international money transfer? Your guide here.