5 Similar Money Transfer Alternatives to XE

XE is easy to use and offer good exchange rates, but other companies can do the same. In this article, we take a look at companies that offer similar services to XE to see how they stack up.

5 Similar Sites to XE

Below, we’ve listed 5 companies you can use as alternatives to XE. We’ve taken their level of convenience, cost and security into consideration so you can decide who to use for your next international money transfer.

1. WorldFirst

WorldFirst is a UK based company. They offer money transfer services for both individuals and businesses alike. While their headquarters are located in London, they have offices spanning throughout Australia, Hong Kong, Singapore, the Netherlands and USA.

Like XE, WorldFirst doesn’t charge any fees for making an international money transfer. However, unlike XE, WorldFirst does have a minimum transfer amount of $2,000. This means WorldFirst isn’t for you if you want to do smaller money transfer amounts.

  • Good exchange rates for amounts between $2,000 and $10,000.
  • No direct fees for making a transfer.
  • Access to customer service for small business and corporate customers.

Learn more about WorldFirst

2. TransferWise

TransferWise is a peer to peer money transfer service. This means the way they transfer your money is slightly different to XE. S that, they’re just as secure and their website is even more user friendly. The company’s headquarters is in London and they have offices in New York and Tallinn.

TransferWise is often recognised for its fast transfers and highly competitive exchange rates. As an alternative to XE, TransferWise is a great option for smaller transfers up to $10,000.

  • Offers the real exchange rate, based on the mid-market rate.
  • Fees are based on a percentage of transfer amount.
  • Straightforward and easy to use online through their app.

Learn more about TransferWise

3. OFX

OFX is another excellent alternative to XE. We like them because their rates and fees are generally much lower. You can also make much larger transfers with them, if you need to. However, OFX does not offer cash pick-up as an option.

OFX is also one of the larger global transfer companies. They support international money transfers from over 190 countries in more than fifty currencies. If you’re making an online transfer, it is definitely worth looking at OFX as an alternative to XE.

  • Great exchange rates across a range of currencies and amounts.
  • Lower fees than XE.
  • Access to 24/7 customer support.

Learn more about OFX

4. TorFX

TorFX is a UK based company that are especially good for larger international money transfers. They have offices spanning throughout Australia, the UK, Europe, the USA and South Africa. If you’re making a transfer of more than $50,000, then TorFX is a good option as they have no minimum or maximum transfer limits.

TorFX can be a better alternative to XE in terms of the excellent customer support you receive. While XE has phone support, TorFX are licensed to give personalised advice if you need it when making your transfer.

  • They don’t charge any direct fees or commissions.
  • Access to a dedicated account manager and excellent customer service.
  • Great exchange rates for transfers above $10,000.

Learn more about TorFX

5. PayPal

If you have a PayPal account, you've probably already considered making an international money transfer with them. They are one of the world’s most popular payment systems to purchase goods and pay for services. It's a convenient way to transfer money to people in the same country and internationally, especially if they also use PayPal.

So if you’re thinking of using PayPal as an alternative to XE, it’s important to keep a couple of things in mind. Firstly, the person you’re sending money to must also have a PayPal account. Secondly, know that XE will generally be cheaper than PayPal.

  • Are good for sending money within the same country, but can be expensive internationally.
  • Accept a variety of payment methods.
  • If you’ve used them before, the process is straightforward.

Learn more about PayPal

Compare money transfer companies like XE

The best deal for you

TransferwiseRead ReviewTotal (USD)$7,142.78Exchange Rate0.7176Transfer Fees$46.29Transfer Time1-2 DaysLearn MoreTotal (USD)$7,142.78Rate Updated less than 3 mins agoGO TO SITE

About TransferWise

Transparency and an easy online experience are the 2 things that set TransferWise apart from the banks and other money transfer companies. If you prefer to bank online, you'll like TransferWise. Setting up an account and making a transfer is very easy. They are also very clear on the exchange rate and fees you'll pay before you make a transfer. Click here for the full review


  • Clear and transparent exchange rates fees
  • The online experience is first class
  • Like the banks, they are regulated by ASIC and registered with AFSL
  • Constantly bringing out new innovative products


  • There are currently a number of global currencies they do not currently support
  • Limited support based in Australia
  • Percentage based fee can add up on very large transfers

More trusted money transfer options

Provider Exchange Rate Transfer Fees Transfer TimeTotal (USD) Rate Updated less than 3 mins ago
TorFXRead ReviewTotal (USD)$7,140.12$2.66 more expensive Exchange Rate0.7140 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $7,140.12$2.66 more expensive GO TO SITE

About TorFX

TorFX are particularly good taking care of customers over the phone but using their website isn't the easiest to use. They don't charge a flat fee which is great but it's important to consider their exchange rates. While, they don't offer fantastic rates for small amounts under $2000 , TorFX offer exceptionally good exchange rates for larger transfers to the UK, New Zealand, South Africa and Europe.


  • No transfer fees
  • Highly competitive exchange rates
  • Secure transfers with authorised
  • Assigned account manager
  • 24 / 7 Assistance
  • Available range of transfer options


  • Limited exotic currencies available
  • Exchange rates on small transfers aren't great
  • Website experience could be better
XERead ReviewTotal (USD)$7,134.38$8.40 more expensive Exchange Rate0.7134 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $7,134.38$8.40 more expensive GO TO SITE

About XE

XE is a well known and trusted name in the money transfer industry. With over twenty years experience, they now help 33,000 people and 2,000 businesses make transfers each year. Over 60 currencies can be transferred with XE and they pride themselves on the free tools and transparent rates they offer. Click here to read the full review


  • Well known and trusted brand.
  • Very informative website. Extensive information on currency and money transfers.
  • XE App is available on both iOS and Android. It allows you to see the interbank rate for over 100 currencies.
  • XE themselves charge no fees for international money transfers.
  • Offers support for both individuals and businesses when it comes to international money transfers.


  • Cannot pay via cash or cheque. Must pay via bank transfer, BPay is also accepted in Australia.
  • Maximum transfer amount is $500,000USD.
  • While XE compares more than 100 currencies, there are only 60 that are available for money transfers.
WorldFirstRead ReviewTotal (USD)$7,132.94$9.84 more expensive Exchange Rate0.7133 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $7,132.94$9.84 more expensive GO TO SITE

About World First

World First was founded in 2004 in the UK and has grown rapidly with offices now in the U.S., Canada and throughout Asia. They consistently receive strong customer reviews and in a recent study, 98% of their clients said they would use them again.World First have a strong online offering, particular for businesses selling online. They do provide local support as well with offices in Sydney. Click here to read the full review


  • No fees and great exchange rates
  • Safe and secure transfers
  • Regulated by ASIC and registered with AFSL
  • Great for personal and business payments


  • Does not accept BPAY, credit card, cheque or cash
  • Limited currencies available
OFXRead ReviewTotal (USD)$7,070.38$72.40 more expensive Exchange Rate0.7081 Transfer Fees$15.00 Transfer Time1-3 DaysGet discounted rate $7,070.38$72.40 more expensive GO TO SITE

About OFX

OFX (formally known as Ozforex) is the largest Australian owned money transfer company. It launched in 1998 and grew rapidly until finally listing on the Australian Stock Exchange in 2013. OFX excels in 2 areas – Online experience and customer service. The company was born online and continues to develop easy, intuitive products. While OFX customers do most of their transactions online, they are backed up with exceptional customer service.


  • Better exchange rates compared to banks
  • Highly safe and secure transfers
  • 1 - 2 days delivery times for most countries
  • Quick response time
  • Fantastic customer service


  • Credit cards, cheques and cash are not accepted
  • Transfers to Thailand can take up to 4 days
  • Fees for transfers smaller transfers
ANZRead ReviewTotal (USD)$6,924.00$218.78 more expensive Exchange Rate0.6924 Transfer Fees$0.00 Transfer Time1-2 DaysGet discounted rate $6,924.00$218.78 more expensive GO TO SITE
ANZ International Money Transfer is a secure and fast way to transfer money overseas.


  • Fast transfers
  • Safe and secure
  • No fee for transfers under $10 000 via Internet banking


  • $12 fee for transfers under $10 000 via Internet banking
  • Poor exchange rates
  • 24 hour hotline not available
Commonwealth BankRead ReviewTotal (USD)$6,803.83$338.95 more expensive Exchange Rate0.6812 Transfer Fees$12.00 Transfer Time1-2 DaysGet discounted rate $6,803.83$338.95 more expensive GO TO SITE
Commonwealth Bank provides secure and easy transfers to over 200 countries and more than 30 currencies.


  • Fast transfers+ Easy transfers
  • Security guarantee covers any losses from unauthorised transactions


  • $6 fee for transfers under $1000 via Internet banking
  • $12 fee for transfers under $1000 via Internet banking
  • Poor exchange rates