Send Payments Money Transfers
Find out if Send Payments is your best international money transfer option. Send Payments (formerly known as SendFX) is a relative newcomer to the international …
Fact checked
Xe.com started life as a computer consultancy and internet service provider, but now offers extensive foreign exchange services such as international money transfers, with more than 285 million people a year sending money overseas through them.
Find out more about the money transfer service offered by Xe and compare other foreign exchange providers with Savvy before you start your transfer today.
*All product information is correct as of August, 2022.
Xe was founded in Canada in 1993 under the name Xenon Laboratories. It gets its unusual name from the two-letter atomic symbol for Xenon, which is a colourless gas found in the earth’s atmosphere. In 1995, Xe launched one of the world’s first live currency converters, linked to the currency foreign exchange (forex) market. This allowed the public to trade currencies in real-time and cemented Xe as a world leader in currency exchange data.
It’s now a subsidiary of the Euronet Group and an award-winning currency data provider also serving as an international money transfer service. It won a Canstar 2021 International Money Transfers Outstanding Value Award and has a five-star rating, offering transfer services to 220 countries in 139 currencies.
International money transfers
Xe.com offers international money transfers both online and through a mobile app accessible by Android and iOS users. They service both retail and business users, offering their customers a range of useful currency tools. Retail currency tools on offer include the ability to:
Transfer limits:
For Australian customers, there is no minimum transfer limit to the amount you can send, but a maximum single transfer size of $750,000.
Speed of transfer:
Many Xe transfers can be sent, and then arrive at their destination instantly, with all transfers happening within 0-4 days (depending on the size of the transfer and the destination).
For business customers:
Fees:
Xe charges a percentage of the transfer amount plus a markup on the exchange rate. Their percentage fee ranges from 0.5% to 2% depending on the currency involved. They offer very competitive exchange rates for large transfers. They also charge a small ‘send fee’ for transfers less than $500, which is in the region of $4.
There are three simple steps to take to start your transfer with Xe:
If you’re a business that makes regular international money transfers or needs to transfer large sums, Xe offers strong support for business needs.
It’s easy to make sure you’re getting the best exchange rate possible with Xe’s extensive currency tools, including one of the best-known currency converters in the world.
Xe’s business focus makes it an ideal company to use if you wish to make a large transfer, offering very competitive exchange rates for sums above $10,000.
Xe offers customer support in at least four languages and offers business managers to provide tailored customer solutions to businesses.
If you want to transfer money to China, Indonesia or Malaysia, you won’t be able to with Xe, as it doesn’t offer currency transfer services to these nations.
Xe doesn’t offer cash transfers through its mobile app as other non-bank transfer apps do, nor does it offer Apple Pay or PayPal payment options.
Xe may not be the cheapest option for small transfers, such as under $500, as their set fee of around $4 can make them more expensive than percentage fees.
Xe may request more information about your transfer than other companies when processing your transfer, which could potentially cause delays in the process.
OFX |
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Special Offer: 5 fee free transfers (saving you up to $75 in fees) + preferential rates for international money transfersMore details |
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Enjoy $40 bonus on your first money transfers of $250 & above! Use code*: SAVVY20X2 (Minimum transfer of AUD 250 Valid till 31st August 2023)More details |
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Xe |
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Xe is a 2021 Canstar Award Winner and offers the best exchange rates, low to no fees so customers save the most moneyMore details |
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Western Union Money Transfer |
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Send money to over 200 countries and territories across the world onlineMore details |
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Wise Money Transfer |
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Send money cheaper and easier with Wise with no hidden fees.More details |
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TorFX |
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Excellent exchange rates with no transfer fees. Trusted by over 325,000 customers. Awarded Canstar’s 5 star rating 2018-2021.More details |
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Currencyfair |
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Send money overseas at better exchange rates, with no hidden fees.More details |
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Remitly |
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Remitly offers fast, safe and secure money transfers with excellent rates to over 100 countriesMore details |
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Revolut |
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Fast and easy, with super competitive rates across all major currencies. Join 25+ million customers saving on global transfers.More details |
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Disclaimer: Savvy is not advising or recommending any particular product to you. We provide general information on products for the purposes of comparison, but your personal situation or goals are not considered here. Although we try to make our comparisons as thorough as possible, we do not have information on all products on the market on our site.
If you decide to initiate a money transfer with one of the providers listed above via our website, you will not be dealing with Savvy; any applications or enquiries will be conducted directly with the provider offering that product.
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Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
