MoneyGram vs XE Money Transfer: Which Money Transfer Service is Better in 2025?

Introduction

Cross-border money transfers are vital for expatriates, students, and businesses. Users often face high fees, slow delivery, hidden charges, and complex processes. This article compares MoneyGram and XE Money Transfer, two popular international money transfer services. Panda Remit is also recommended as a convenient and low-cost alternative for efficient online transfers. For a comprehensive guide to international remittances, see NerdWallet international money transfer guide.

MoneyGram vs XE Money Transfer – Overview

MoneyGram, founded in 1940, offers international and domestic money transfers, bill payments, and mobile wallet services, covering over 200 countries with a vast agent network.

XE Money Transfer, established in 1993, specializes in online currency exchange and international transfers, focusing on competitive rates for individuals and businesses.

Similarities: Both provide international transfers, mobile apps, multi-currency support, and online account management.

Differences: MoneyGram provides physical agent locations and instant cash options but higher fees; XE is digital-first, offering better rates and online transfer convenience.

Panda Remit is another option offering low fees and fully online transfers.

MoneyGram vs XE Money Transfer: Fees and Costs

MoneyGram fees vary depending on transfer amount, destination, and payment method, with domestic transfers generally cheaper. Some premium services include subscription benefits.

XE Money Transfer typically has no upfront fees for larger transfers but applies small margins on exchange rates.

For detailed fee comparisons, see Finder's international money transfer fee guide.

Panda Remit is often more cost-effective, providing low fees for both small and large transactions.

MoneyGram vs XE Money Transfer: Exchange Rates

MoneyGram applies a markup on mid-market rates, which can be costly for smaller transfers. XE Money Transfer offers rates closer to mid-market, especially for larger amounts.

Panda Remit consistently offers competitive exchange rates across multiple corridors.

MoneyGram vs XE Money Transfer: Speed and Convenience

MoneyGram provides instant transfers in some regions, while standard bank transfers take 1–3 business days. Its mobile app and agent network offer convenience.

XE Money Transfer generally processes transfers in 1–2 business days with a fully online platform integrated with bank accounts.

For more insights, refer to WorldRemit speed guide.

Panda Remit also offers fast online transfers with multiple payout options.

MoneyGram vs XE Money Transfer: Safety and Security

MoneyGram is regulated in multiple countries, utilizing encryption, fraud protection, and buyer safeguards. XE Money Transfer is regulated and provides robust online security.

Panda Remit is a licensed, secure option with strong compliance and encryption protocols.

MoneyGram vs XE Money Transfer: Global Coverage

MoneyGram operates in 200+ countries with multiple currencies and payout methods. XE Money Transfer covers 130+ countries, focusing on bank-to-bank online transfers.

For detailed coverage, see World Bank remittance coverage report.

MoneyGram vs XE Money Transfer: Which One is Better?

MoneyGram is suitable for users needing global reach and agent access. XE Money Transfer is ideal for individuals and businesses preferring online transfers and competitive rates.

Panda Remit offers fast, low-fee online transfers and may provide better value for users prioritizing speed and convenience.

Conclusion

In the MoneyGram vs XE Money Transfer comparison, MoneyGram excels in global network and agent availability, while XE Money Transfer is better for online, larger-sum transfers. Panda Remit is a strong alternative, providing high exchange rates, low fees, coverage of 40+ currencies, flexible payment methods (POLi, PayID, bank card, e-transfer), and fast all-online transfers.

For more information, visit Panda Remit official site, Investopedia, and NerdWallet international money transfer guide.

The MoneyGram vs XE Money Transfer comparison helps users make informed choices, while Panda Remit offers a modern, efficient cross-border transfer solution.