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Xoom international money transfers review

Enjoy simple, speedy and convenient international money transfers with Xoom.

Updated

Fact checked

Xoom offers competitive exchange rates and relatively low fees, with a solid security system that helps keep your funds safe. With its money-back guarantee, Xoom promises to refund your full transfer if it doesn't arrive to your recipient on time.

Is Xoom available in Australia?

Unfortunately, you won't be able to sign up for an account in Australia unless you have a bank account in either the US or Canada. At this time, Xoom has made no mention of expanding into Australia, but that doesn't rule it out. You can check out the other options you have for sending money overseas from Australia here.

If you do have a US or Canadian bank account, you can send money to Australia as well as dozens of other countries.

How much does it cost to transfer money with Xoom?

The fees that apply to money transfers through Xoom vary depending on a range of factors, including how you're paying for your transfer, where you’re sending it to and the amount you're sending. While it’s possible to pay for your transaction using a credit card or debit card, a bank transfer will mean lower fees.

Here's an example of the different fees you might see if you sent US$1,000 to Mexico or India from the States:

DestinationPayment methodFee
MexicoBank accountUS$4.99
MexicoCredit or debit cardUS$24.99
IndiaBank accountUS$0
IndiaCredit or debit cardUS$30.49

There are some situations when transfer fees will be waived, such as if you send US$1,000 or more to India and pay using your bank account. Use Xoom’s online Fees and Exchange Rate Calculator to see the fees that apply to your transfer destination and amount.

How are Xoom's exchange rates?

Xoom makes money through transaction fees and by charging above the mid-market rate.

For example, if you are transferring money to Italy:

  • You’ll pay a transaction fee depending on which payment method you use (US$4.99 through a bank account or US$10.99 through a debit or credit card).
  • Your money may be converted at a rate of US$1 = EUR€0.93 instead of US$1 = EUR€0.96.

Send money where you need it across the world.

You can send money using your credit card, debit card or bank account. At this time, Xoom does not offer the flexibility of rate locks, forward orders or recurring transfers.

Xoom offers three options when it comes to your recipient collecting the cash you send: cash pickup, bank deposit and home delivery. However, the method you choose may depend on where you are sending your funds.

  • Send money. With Xoom, you can send money in seconds to 70 countries around the world anytime, anywhere. They offer minimal fees and competitive exchange rates.
  • Reload phones. Xoom allows you to reload the phones of friends and family members in 35 countries around the world.
  • Pay bills. Xoom’s bill paying service makes it easy to pay bills overseas from within the US.

Pros and cons of using Xoom

Pros

  • 24/7 support. Phone and email support is available 24 hours a day, 7 days a week if you need help with a transaction.
  • Competitive and affordable. Compare the exchange rates and fees charged by Xoom with those of other money transfer providers to determine how affordable this service is.
  • Secure. Xoom uses 128-bit encryption to secure your funds, while its money-back guarantee provides extra peace of mind.
  • Money-back guarantee. Xoom offers a money-back guarantee to refund your transaction in full if the money you send doesn’t arrive to your recipient.

Cons

  • Not available for Australian users. For now, Xoom is only available to those with US or Canadian bank accounts.
  • Can't send to every country. You will need to look elsewhere if you want to send money to a country that Xoom does not currently service.
  • No live chat option. There is no live chat; although, you can call or email Xoom for 24/7 customer support.

The registration and transfer process

Before you can send funds with Xoom, you must register for a free account with your personal contact information. While you don’t need to enter your Social Security Number, Xoom requires you to upload a government-issued ID – like a licence or passport – and a recent bank statement to send money, which could deter those without either form of ID.

The next step in the process is to enter details about your recipient, including their name, address and bank account details. You’ll also have to select whether you will pay via credit card, debit card or bank account and enter your payment details.

After reviewing the details of your transaction, including the exchange rate and the fee that applies, you confirm and send the funds. Xoom will notify both you and your recipient of your transfer's progress.

What you need to send money through Xoom

  • Amount to be sent and currency it will be converted to
  • A valid payment method, such as a credit card, debit card or bank account
  • The recipient’s name, address and bank name and account number
  • Your phone number and address

Steps to send a money transfer with Xoom

Track your transfer

You can opt to receive text updates or email notifications. Alternatively, you can review the transfer status on the Xoom platform or by calling Xoom support. Most transfers are completed within a few minutes, but it may take up to four business days.

Cancel your transfer

Cancellations are easy and don’t require a fee. To cancel a request, either log on to your Xoom account and go to the Track my transaction page or call Xoom Customer Service toll free at 1-877-815-1531.

Transfers that have not been deposited, picked up, delivered or paid to your recipient may be cancelled. Refunds generally take three business days to be issued and one to four business days to be processed and deposited or credited to your account or card, respectively.

Alternatives to Xoom

Check out these other alternatives to Xoom that you can use in Australia. Enter how much you want to send in the calculator below and see what your transfer could look like at each of these companies.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.716 USD
7,160
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.716 USD
7,160
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.716 USD
7,160
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.716 USD
7,160
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.716 USD
7,160
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
AUD 1 1 day AUD 52.00 0.715 USD
7,115
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 0 Same day AUD 2.99 0.711 USD
7,107
Special offers like free transfers and better exchange rates available for new customers.
Affordable transfers around the world with both express and economy options. Express transfers delievered in as little as 10 minutes for an extra fee.
Go to site Show details
AUD 1 Same day AUD 0.00 0.715 USD
7,152
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.719 USD
7,151
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.712 USD
7,115
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.71 USD
7,099
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently asked questions about Xoom

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International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

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