XE Money Transfer Review 2025: How It Stacks Up Against Faster Digital Alternatives

When it comes to international money transfers, XE Money Transfer is a name many people recognize. Known originally as a currency converter platform, XE has expanded into global remittances, helping individuals and businesses send funds across borders. But with newer digital remittance platforms on the rise, is XE still the best option in 2025? Let’s dive into its services, fees, and compare it with modern alternatives like Panda Remit.

What is XE Money Transfer?

XE, founded in 1993 in Canada, first became popular for its currency exchange rates and conversion tools. Today, XE operates as part of Euronet Worldwide (the parent company of Ria Money Transfer) and offers international transfer services to over 130 countries.

Unlike some newer apps, XE’s strength lies in its broad global coverage and support for both personal and business transfers.

Key Features of XE Money Transfer

1. Wide Currency Support – XE supports 100+ currencies, making it convenient for less common corridors.

2. Large Transfer Capability – Popular for high-value transactions, especially for business clients.

3. No Transfer Fee (in many cases) – XE often advertises zero upfront fees, though a margin on the exchange rate is applied.

4. Bank-to-Bank Transfers – Focused primarily on sending money directly to recipient bank accounts.

5. Mobile App – XE offers a simple app with built-in exchange rate alerts and transfer tracking.

XE Transfer Fees and Exchange Rates

While XE frequently promotes “no transfer fees,” its real cost comes from the exchange rate markup. Depending on the currency corridor, XE typically adds 0.4%–1.2% on top of the mid-market rate.

For large transfers, this markup is lower than many banks, but for smaller everyday remittances, XE can sometimes be more expensive than digital-first platforms.

How Fast is XE Money Transfer?

Transfer speed varies:

• Major currencies (USD, GBP, EUR) usually arrive within 1–2 business days.

• Exotic currencies or countries with stricter banking regulations can take up to 3–5 business days.

This means XE is not always the fastest option compared to some fintech apps that offer instant or same-day transfers.

XE Money Transfer Pros and Cons

Pros
✔ Wide global coverage (130+ countries, 100+ currencies)
✔ Good for large, business-oriented transfers
✔ Trusted brand with long history
✔ Exchange rate alerts via app

Cons
✘ Transfers can take several days
✘ Markups on exchange rates (not the real mid-market rate)
✘ No cash pickup option like Western Union or Ria
✘ Less competitive for small transfers compared to fintech competitors

How Does XE Compare to Panda Remit?

While XE is strong in global coverage and high-value transactions, Panda Remit has become a popular alternative among individuals looking for faster and more affordable remittances.

• Coverage: XE supports 130+ countries, but Panda Remit is quickly expanding across Asia, Oceania, Europe, and North America, covering 40+ receiving countries and more corridors optimized for personal remittances.

• Fees: Panda Remit charges a low, transparent fixed fee, while XE relies on exchange rate markups.

• Exchange Rates: Panda Remit offers diamond-level rates that are closer to the real mid-market exchange rate, helping users save more.

• Transfer Speed: Panda Remit often delivers within minutes to a few hours, faster than XE’s typical 1–3 business days.

• Promotions: New Panda Remit users enjoy fee-free transfers and special rates, while existing users benefit from discount coupons and loyalty rewards.

• Support: Panda Remit provides 24/7 multilingual customer service, while XE’s support can be slower.

👉 For everyday users who prioritize speed, affordability, and transparent costs, Panda Remit is often a better choice than XE.

Final Thoughts

XE Money Transfer remains a reliable solution, especially for large or business-oriented transfers across lesser-used currency corridors. However, for personal remittances where speed and cost-efficiency matter most, modern digital platforms like Panda Remit are increasingly popular.

If you’re looking for the fastest, low-cost, and transparent remittance service, Panda Remit is worth considering. You can even follow them on social media for daily exchange rate updates and exclusive coupons:

• Instagram

• Facebook