You can use XE to send money to more than 170 countries. The company says that most transfers are completed the same day they’re received. You’ll need to provide details of the recipient’s bank account forex
XE’s fees are minimal and its exchange rates are competitive. It also offers a mobile app and limit orders.
XE offers competitive FX rates
Xe is an online currency converter and international money transfer service trusted by millions of individuals and businesses around the world. Xe’s user-friendly website and mobile app make it easy to stay up to date on live exchange rates and perform quick and accurate currency conversions. Xe also offers a free rate alert service that lets you set notifications when a desired exchange rate target is met. In addition, Xe’s worldwide network makes it possible to send funds quickly and securely to over 170 countries.
Unlike many competitors, Xe doesn’t charge any transfer fees. However, it does earn profit through the margin it applies to the live exchange rates it displays on its website. The company is committed to transparency and explains its margins in clear language. You can also use a tool to compare the costs of different providers and see how much you can save by using Xe.
To get started with Xe, sign up for an account on the company’s website or download its mobile app. You’ll need to provide your name, address and some other personal details. Xe will then verify your identity and email address before you can start sending and receiving transfers. You can choose to do a spot transaction or a regular payment. Xe also offers a limit order feature that allows you to request a specific rate.
The speed of a Xe money transfer depends on the currencies, bank accounts and payment type you select. Typically, it takes one to four working days for funds to reach their destination. You can also select a cash pickup option if your recipient is located in a country that does not have an official bank account. Xe also provides live exchange rates and historical currency charts, as well as an API for business users.
XE has a good reputation with consumers, and its customer service representatives are available by phone or live chat to assist you with any questions you might have about the service. Its website is easy to navigate and offers a number of helpful tools, including a calculator, historical exchange rates and a currency tracker. Its rates are competitive and the process of transferring money is simple.
It offers limit orders
XE offers limit orders that let you make a transfer when a specific exchange rate is reached. Once you set the limit price, XE will notify you when your target rate is available, and your transfer will go through automatically. This is a great option for travelers who are planning ahead and want to get the best possible rate. XE also provides an online rate tracker that lets you monitor rates for a particular currency pair over time.
Unlike many other money transfer services, XE does not charge any fixed fees for its service. However, it does generate revenue by adding a markup or spread to its exchange rate. This markup or spread is a percentage of the total amount of the transfer, and it covers XE’s costs and profit. XE’s exchange rates are competitive, and they can save you a lot of money when compared to traditional bank or credit card fees.
The company’s website is transparent about its exchange rates, which are sourced from live mid-market rates. The company also explains the various costs involved in making a transfer, which makes it easy to understand how much a transfer will cost you. It is also possible to use a calculator on the website to see how much you can save by using XE’s service.
In addition to its money transfer service, XE also offers forward contracts to help businesses mitigate currency risk and streamline cross-border payments. Customers can lock in a future exchange rate for up to three months, which reduces exposure to market fluctuations. This service is especially useful for companies that make recurring payments or large transactions.
XE’s customer service representatives are knowledgeable and courteous, and they answer questions quickly and thoroughly. However, one representative we spoke to said that there was a fee for transfers under $250 USD, which is not true. The website shows that there is no fee for this amount, but it’s important to check with the recipient’s bank to be sure. Fees may be charged by the recipient’s bank or intermediary banks, and can vary significantly from one country to another.
It offers a mobile app
XE offers an excellent mobile app that lets you make international money transfers on the go. You can also use it to check foreign exchange rates and set alerts for the rate you’re after. It’s easy to download and convenient to use, whether you’re in a coffee shop or on the road.
Xe can help you send funds online to over 170 countries in 139 currencies. It’s safe and secure, and its customer support is available in several languages. In addition to providing competitive exchange rates, XE provides transparency on transfer costs and clear guidance on how long it will take for your funds to reach your recipient.
The exchange rate quoted on XE’s website is not the mid-market currency rate, which is only available to major financial institutions. It includes a margin that XE keeps for itself. The margin varies from one country to the next. XE also publishes a margin table on its website to allow users to compare the margins for various currency pairs.
Most XE transfers are completed within one to five business days, depending on the payment method and the currency pair. Smaller payments are usually processed on the same day, while larger transfers may be delayed by bank or PayPal processing times. XE will provide you with a transfer confirmation number and an estimated delivery date when your transaction is complete.
Some XE customers have complained about slow delivery times, but the company’s speedy response to these complaints is commendable. Many users have also reported that XE’s identity verification process is very thorough. This is done to protect the company from money launderers and fraudsters.
Another popular feature of XE’s money transfer service is its limit orders. Limit orders are an excellent way to lock in a currency conversion rate for a future transfer, without having to continually check the market for a good deal. These tools are useful for businesses that need to exchange large amounts of money on a regular basis. XE offers several different limit order types, including forward contracts and FX hedging services.
It offers a variety of tools
XE offers a variety of tools to help you send money overseas. These include a currency converter, online money transfer and a mobile app. These tools allow you to make transactions on the go, no matter where you are in the world. They also offer competitive exchange rates and no transfer fees. In addition, you can track your transfer online 24/7.
To use XE’s money transfer services, simply visit the website or download their free mobile app. Follow the steps to get started, and you’ll be able to provide your personal details and the amount of money you want to send. Then, select the currency you wish to transfer and the recipient’s currency. Once you’ve entered all of this information, click “Next.” You can pay for the transaction through a bank wire or a credit card.
Once you’ve made your payment, XE will send the funds to the recipient’s bank. The recipient’s bank may charge a fee for the transfer, so it’s important to check with them ahead of time. You can also save a bit of money by sending the funds to an alternative currency exchange service, like Wise or Revolut.
In addition to offering competitive exchange rates and no transfer fees, XE has a number of other tools that can help you save money. Their currency calculator allows you to see the current exchange rate for any pair of currencies in the world. This is especially useful if you’re planning a trip abroad. You can also choose to view the historical currency rate chart for any currency pair in the world, as well as get live updates on currency fluctuations.
For business needs, XE offers a variety of APIs that can be integrated into web applications and trading platforms. One example is Fixer, which provides real-time and historical forex (foreign exchange) data for more than 200 world currencies, along with conversion APIs and time series. It also comes with a lightweight API structure that’s easy to integrate into any application. Using this API is free, but you can upgrade to an annual plan for additional features and increased API request limits.