XE is part of Euronet Worldwide and is a global leader in electronic payment services. XE do not charge transaction fees for money transfers or receiving fees on foreign exchange transactions.
XE was founded in 1993, originally as Xenon Laboratories Incorporated, and officially launched its universal currency converter on their website in 1995.
According to XE, the company is one of the world’s largest currency converter sites and provider of international money transfers. XE serves over 285 million customers worldwide each year.
International money transfers offer a fast and easy way to send money to family or friends abroad. These transfers work by simply sending payments electronically from one bank account to another international bank account. International money transfer companies typically offer competitive currency exchange rates.
Transferring money with XE is simple. You can set up an account in minutes, submit documentation and book your transaction all on the same online platform.
Be aware that charges may be deducted from your payment if it’s re-routed to an intermediary or third-party bank before arriving in the recipient’s account.
Sending money overseas comes with several considerations, such as exchange rates and upfront or hidden costs, so it pays, sometimes literally, to do your research and shop around.
XE has regulated approval in every country of operation, including from the Financial Crimes Enforcement Network (FinCEN) in the US and the Financial Conduct Authority (FCA) in the UK.
XE also holds an Australian Financial Services Licence (AFSL No. 240914) issued by the Australian Securities and Investments Commission (ASIC).
XE has no minimum transfer limit; however, there is a USD$500,000 (or currency equivalent) maximum limit for online transactions only.
You will receive live currency exchange market rates with XE, which can fluctuate right up to confirmation of your transaction. Once your transaction is complete, your exchange rate will be fixed.
Rates shown on the XE website information hub are mid-market rates, which are calculated from the mid-point between ‘buy’ and ‘sell’ rates from global currency markets. These are informational only, and are not fixed rates.
All transactions must be settled via bank transfer. You can make a payment with online or mobile banking or by telephone banking. You can also send funds to XE using BPAY to transfer Australian dollars.
XE offers various products and services, including:
Generally, international money transfers with XE can take 24 hours or more. Be aware that XE will only start your money transfer once the funds have been received from your bank account.
Thanks to our free comparison tool, we can help you find money transfer providers that offer competitive exchange rates, transfer times and fees in seconds. Compare our international money transfer providers, including XE, to find a great deal on your next transfer.