ANZ Money Transfers
Find out more about ANZ overseas money transfers and compare offers here. Like most banks in Australia, ANZ offers international money transfers through the international …
Fact checked
Xoom is one of the many options available to people around the world when it comes to sending money overseas.
Find out more about it and the services it offers in different parts of the world with Savvy. Compare what Xoom has to offer side-by-side with other transfer providers right here today before you get your transfer underway with us.
*All product information is correct as of August, 2022.
Xoom was founded in 2001 in San Francisco. It slowly competed with its main rival Western Union for many years in the US international money remittance arena, eventually going public in 2013. However, in November 2015, it was acquired by PayPal in an acquisition valued at over US $1.09 billion.
Importantly, though, it has not yet expanded into Australia. As a result, it’s possible to send money to Australia using Xoom, but it isn’t possible to send money from Australia to anywhere else in the world using this service.
International money transfers
It’s possible to complete international money transfers from the USA and Canada and some European countries to more than 159 different countries using Xoom. However, it’s not possible for Australians to use this service to send money (unless you have a bank account in the USA, Canada, the UK or Europe).
Cash deliveries and pickups
If you live in the USA, Canada or parts of Europe, it’s possible to arrange for a cash pickup or delivery to many other countries using Xoom. The countries serviced are mainly in North and South America, plus some popular Asian nations.
Mobile phone recharges
Xoom can also arrange mobile phone top-ups and recharges to phones in many nations. Again, the recharges need to paid for either in US or Canadian dollars, British pounds or Euros.
If you’re living in Australia and have a bank account that is registered in either the USA, Canada, the UK or some European nations, it could be worth trying to use Xoom through a linked bank account from one of these nations where it's now established. However, Xoom’s website says users need to be resident in a country where services are offered in order to use their service. As such, any Australian residents looking to use Xoom won't be able to do so.
If you’re in the USA or Canada, it’s possible to send money to 159 other countries choosing between bank-to-bank accounts transfers, cash pickups and cash deliveries.
Just like using PayPal, transfers using Xoom can be very fast, especially for cash pickups and deliveries. However, a bank account in the USA or Canada is required.
It’s also possible to top-up or recharge a mobile phone through Xoom as long as you have an American or Canadian bank account to fund the transfer.
Xoom hasn’t yet expanded its service to include Australia, so it’s possible to receive money through the service in Australia, but it’s not possible to send money overseas using Aussie dollars through Xoom.
Xoom charges a markup on the exchange rate offered, which is often considerably higher than those offered by its money transfer competitors, so it may not be the best way to send money overseas anyway.
Equally, the fees charged by Xoom for their international transfers are not the lowest offered by money transfer providers, so overall they may not prove to be the cheapest transfer option if the service is available to you.
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.
