Is XE money transfer legit?

Is XE money transfer legit?

XE is a good choice for safe, secure international transfers to 170 countries in 65 currencies. They are known for good customer support, have a great online platform, and a user friendly app. Moreover, even though there is a small fee for low value transfers, they do charge a reasonable margin on the exchange rate.

Can I use XE to receive money?

If you need to receive a payment from overseas, there is a lot you need to consider. Using a dedicated money transfer provider like XE Money Transfers is an excellent option for both sending money overseas and receiving it. ... They can also be a much more affordable option than using traditional banks or PayPal.

Is XE bank transfer safe?

XE is a fully licensed and authorized company for international money transfers to over 130 countries in more than 60 currencies, which makes it a safe and secure way to transfer funds overseas. There are no transfer fees. You only pay for a reasonable margin on the exchange rate and third-party charges.

How do I send money through XE?

How to send money with Xe

1. Create account. It takes just a few minutes, and all you need is an email address.
2. Enter details. Add recipient (you'll need their address, bank account/IBAN, swift/BIC) and payment information.
3. Confirm and send.

Do I need an XE account to receive money?

You'll need a bank account Unlike wire transfers, which can be picked up in person, an online money transfer will go straight to your bank account. If you don't have a bank account, you can easily open one online or on the phone in just a few minutes. Here's a guide to what you'll need to open the account.

How long do XE money transfer take?

In general, your transfer will be completed within 1-4 business days. The reason for this range is because no two transfers are alike, and the details of your transfer—such as how you're paying, where you're sending your money, and the currencies you want to exchange—can all impact the length of your transfer.

How long does it take XE to transfer money?

How long can a transfer with XE take? It will take 1-4 working days for your money to be received by your beneficiary.

How much can I transfer with XE?

$500,000 USD How much can I transfer? The amount you can transfer is unlimited. You can transfer up to $500,000 USD online (or currency equivalent).

How do I transfer money to my XE account?

To transfer money with XE, you'll need to do the following:

1. Sign up for a XE Money Transfer account;
2. Verify your identity.
3. Decide how much you'd like to send and between which currencies;
4. Provide recipient's details;
5. Pay for your transfer (by bank transfer, credit card, or debit card);

How long does an XE money transfer take?

How long does an XE transfer take? 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.

How does Xe transfer money?

• Ways to transfer your money. International transfers with XE are all done as direct deposits to your recipient’s bank account. To arrange a transfer, you’ll need to send your payment to XE as a wire transfer, and XE will then pass the money on, in local currency, to your recipient.

How does Xe make money?

• While XE charges no fees, it still makes money from each transfer because of the margin. That's where the rate you're quoted when setting up a money transfer is different from the live mid-market rate you'll see on Google or Reuters.

What is the cheapest money transfer service?

• The cheapest option of all, though, is TransferWise, which offers domestic wire transfers for only $3. This service allows transfers of up to $50,000 for individuals and $250,000 for businesses.