Our XE Money Transfer Review

Moving anywhere can be stressful, but moving internationally can create a whole new level of anxiety. One of the most significant aspects of moving overseas that we had not even initially considered was how we were going to transfer and convert our money.XE

At first, we thought that using a bank would be simpler, but we quickly learned that we were able to obtain a much better exchange rate with a specialised money transfer company. These companies do nothing but international funds transfers. They know what they are doing and will help you save significant money. Banks are likely to give you some of the worst rates available unless you are one of their VIP customers.

As we continued to plan our move to New Zealand, we concurrently researched many different international money transfer services and compared them with the banks. We quickly realised that money transfer services were clearly the way to go. Out of all the services we compared, XE Money Transfer came out on top. We were able to save several thousand dollars with XE, actually allowing us to cover the cost of our moving services.

Additionally, cash transfers tend to have worse rates than working with electronic funds. As a result of all these reasons, we found that XE Money was the best choice for us prior to our international move.

If you are looking to transfer money overseas anytime soon, then you should check out the following information about XE Money Transfer. This information will help you to determine if they are the best choice for you as they were for us.


How Does XE Money Work?

XE Money doesn’t charge any fees regardless of how much money you are sending, or to where. Instead, the company charges a minimal additional margin on the mid-market rate.

If you are unfamiliar, the mid-market rate is the value of one currency against another on the world market today compared to another currency. It is the midpoint rate for global demand and supply for the currency in question. This rate is typically what banks and currency transfer services use to transfer money among themselves.

XE allows you to send money to over 200 countries in more than 60 currencies. Transfers usually take 1-4 days allowing your money to get to where it needs which is very quick. We found that it was the easiest way to get the money we needed over to New Zealand to be there for us to use on arrival

There are three basic steps when going through the transfer process with XE Money.

1. Quote

Once you setup your free account and log in you can receive a free live quote to find out exactly how much your transfer is going to cost on any given day.

2. Destination

Next, you will need to enter the information about where you would like your money to go. For a move to New Zealand, you would set yourself as the beneficiary with your NZ bank account information.

3. Confirm

Finally, you just need to confirm that everything is correct and pay using your credit card, debit card, or electronically from bank account. The only fee you will need to watch out for potentially is a fee assessed by your NZ bank on the incoming funds.

Who Can Use XE Money?

XE Money allows clients to open either personal or business accounts. The company currently completes transfer services for over 13,000 businesses worldwide. Some notable business clients include Apple and Google. Businesses will also be happy to note that the company receives an investment-grade credit rating from the S&P.

The biggest caveat is that recipients must have a bank account at their destination to access money that is transferred to them via XE Money. If you need to get cash to someone in another country, then you may need to consider a different option like Western Union. This wasn’t a problem for us as many New Zealand banks allow you to open an account online ahead of moving there.

Another option for you is to wait until you get to you physically arrive in your new country before opening a new bank account. This option may give you a larger selection in banks, but then, of course, you will have to wait to transfer your money.



  • 24/7 online account access
  • Accessible from any device allowing users to transfer money any time, from any place
  • Receive free rate alerts by email
  • Receive notifications when each step of the transfer process is completed
  • World’s most popular currency site
  • No maximum on the amount that can be sent each month
  • Free to open an account
  • No monthly fees
  • No requirement to use XE Money regularly
  • Competitive exchange rates


  • Only supports bank-to-bank transfers
  • Recipients must have a bank account to receive money from XE Money
  • No cash pickup

Is XE Money Transfer Safe?

The company has plenty of experience, boasting over $250 billion in funds transferred since it was founded in 1993. The company utilises enterprise-grade security, ensuring that you can have confidence in their services. Additionally, XE Money transfer is authorised to operate in all United States jurisdictions. The company brands themselves as the “World’s Trusted Currency Authority.”

XE.com reviews from around the web are great too. The company is very widely-regarded in the international community with five-star ratings on Trustpilot, one of the world’s leading review sites. We had a very positive experience with the company and would certainly use them again. We never worried for a second about the security of our hard-earned money.


For us, the major drawbacks to XE Money’s services didn’t even apply. The pros were undeniable, and once we looked over all the fees of this company compared to banks and other options, the choice really was a no-brainer.

If you think XE might be the right choice for you as well, you can open a free account with them and start saving today. Don’t be fooled into thinking that banks are the best or only option for international money transfer. Save yourself some money and consider a specialised service!

Frequently Asked Questions (FAQs) about XE Money Transfer

Does XE have a minimum transfer amount?

No, XE does not have a minimum transfer amount and this is one the benefits of sending money overseas with XE.

Will I need to open a new bank account in order to send money with XE?

No, you are not required to open a new bank account in order to transfer money with XE.

How do I get started with XE Money Transfer?

Simply visit the official XE website to sign up for an account and once you have completed the simple form you wait for your account to be confirmed.


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