Xe Review

This Xe review rewinds to the origin: two founders in Newmarket chose “Xe” from xenon’s symbol and registered xe.com in 1994. The converter soon became a habit for millions. The more interesting chapter, though, is today - whether the transfer product matches the converter’s trust.

With Euronet’s backing and the HiFX rebrand, Xe leans on larger networks to reach bank accounts and cards worldwide.

That said, if you want fresh rails, explore Ogvio’s DM-like payments, and lock your rare @Tag early. And if covering fees would help, BitDegree’s Season 8 Airdrop is live - complete Missions and other tasks to get a share of the $15,000 prize pool.

Xe Review: Quick At a Glance Look

So, before we dive into this Xe review, I think some might appreciate a quick glimpse into what Xe is all about. Therefore, here is a simple table meant to give you the essential information about the money transfer service:

Table: Quick overview of Xe

Judging by the table, you could say that Xe is a pretty solid option. However, let’s explore it in more detail, so we can get a better idea of what the platform is capable of.

Who is Xe’s Target Audience

Now, it’s also important to highlight who the correct audience is for Xe. Therefore, I have prepared a quick bullet point list, which will give you a pretty good understanding of whether it’s the right platform for you or if you should continue your search for the best money transfer app.

• Recipients without bank accounts. You can route cash pickup (via Ria’s network), not just bank deposits.
• Mobile-wallet payouts. Send straight to mobile wallets in 35+ countries. Available to customers in the UK, Europe, Canada, New Zealand, and the US.

• High-value movers. Large online limits (US up to $500k; EU €375k; UK £375k; CA $600k; AU/NZ $750k) plus dedicated large-amount support.
• Businesses. You can use market/limit orders and forward solutions when timing and risk matter.

It’s also worth keeping in mind that when the transfer is time-sensitive, paying by card (or Apple/Google Pay) speeds settlement on Xe’s side. Bank transfers help with large, cost-focused sends. That flexibility means the same account can support everyday remittances and occasional big moves.

Overall, Xe is great for people who want broad coverage, in this case, over 130 currencies and more than 190 countries. The platform also supports cash pickup, which many recipients need, and, on top of that, it offers a partner network of around 500,000 locations and mobile-wallet payouts.

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Who Isn’t Xe’s Target Audience

We’ve covered the benefits this money transfer platform offers, but no one is 100% spotless, right? This is especially true because scaling up usually brings trade-offs.

That said, to make this Xe review more thorough, I covered the not-so-good parts as well. Take a look:

• Not a banking app. Xe moves money internationally. It isn’t a personal banking account with a spend card. Funding is also digital - no cash or cheques.
• Send-from corridors are limited. You must live in a supported country (EU/UK/US/CA/AU/NZ) to register and send.
• Inconsistent speed. Cards are quickest; bank/ACH and some corridors take 1-4 business days.

• Prepaid cards aren’t accepted. You’ll need a standard debit or credit card if paying by card.
• Possible third-party deductions or blocks. Intermediary/recipient banks may take fees. Partners or screening can also stop a transfer.

Basically, there are two pricing issues you need to consider. First, you don’t get the mid-market rate like Ogvio does. Second, recipient/intermediary banks may shave the received amount, and Xe can’t pre-confirm those deductions.

Fees

Xe’s fees are arguably the most important part of this review. Like pretty much anywhere else, they vary by payment method, amount, currency, and destination. Larger bank-funded transfers often have lower or no fees, while paying by card tends to cost more because it’s faster. The exact fee appears before you confirm.

Regarding card payments, if you’re looking for speed, you’ll be able to pay with Visa or Mastercard in the Xe app, and even via Apple/Google Pay (where available). However, let me mention this once more: prepaid cards aren’t accepted.

Now, typically enough, you’re not able to see what kind of rates you’ll get till you’re at the checkout. That said, most likely you’ll want to minimize Xe’s fees, right? For that, bank transfers, wire, or direct debit are the best budget options when it comes to Xe’s price for transferring money. Direct debit is noted as a free payment method. The other two have no extra charges from the platform itself, but your bank may apply a fee to send a wire.

One more wrinkle to straighten out - third-party deductions. Intermediary or recipient banks can take fees on the way in, so the received amount may be lower. Though, it should be noted that Xe doesn’t benefit from these and can’t always predict them.

Also, you might be wondering what the fees are for using Xe’s card. Well, spoiler alert, they do not offer physical or even virtual cards. The only thing this money transfer service has in common with cards is that you can add yours to make payments.

Regarding the rate itself: your “send rate” includes Xe’s conversion spread. It’s live and can change until you lock it in. Xe highlights the final rate on the confirmation screen. That’s why the converter’s mid-market rate and your send rate will differ.

Planning a big transfer? As you may already understand, online limits are high, up to the mid-six-figure range depending on the region. Naturally, card payments also have daily caps by region.

Overall, in terms of fees, Xe is neither special nor something very bad. I would say it’s completely mediocre. Nevertheless, if you truly want great rates and excellent speed, I would advise you to check out options like Ogvio for a truly optimal experience.

Is Xe Safe

Knowing that your assets are secure and protected is an important part of using a money transfer service. Hence, knowing whether or not Xe is safe probably shares the number one spot with the fees chapter based on importance.

So, to give your mind some ease, here are the five main precautions the platform takes to ensure your assets are protected:

• Monitoring & threat detection. Xe’s team monitors systems 24/7 using AI-based threat detection. They run regular vulnerability scans and annual third-party penetration tests to proactively detect and address any security risks.
• Authentication & access control. The platform uses Multi-Factor Authentication (MFA) with biometric verification for logins. Account activity is monitored in real-time to detect and block any unauthorized access instantly.
• Total data privacy. Xe values privacy as a fundamental right. Your data is never sold or misused. The platform complies with global regulations like GDPR and CCPA, ensuring it’s securely handled and fully protected at all times.

• Network security. Xe employs advanced network security measures, including protection against DDoS attacks, malware, and unauthorized access. The systems are also encrypted.
• Data centers. The company's data centers are protected by physical and logical security measures, including firewalls, intrusion detection systems, and 24/7 monitoring by humans.

Xe has also stated that they carefully screen every employee with third-party background checks before granting access to sensitive data. The team behind the platform also undergoes regular cybersecurity training, which, according to statistics, results in the employees being safer.^[1] Though, this is what they state, so take everything with a pinch of salt.

User Experience

From the start, everything was basic and simple; account creation didn’t take ages, more like seconds, which was nice, and I wasn’t instantly met with all the KYC verification processes and overwhelmed from the get-go.

The interface itself is also very minimalistic; it’s not hard to see where you need to press in order to send money or select payment methods. Everything is clear, which is a good starting point.

Now, something may seem off, though. There’s no “Deposit” option, but that’s normal because the way that Xe works is you pay them, they receive the transfer, and then they send the money to the actual recipient in the currency that you need. Basically, they’re like a middleman if you don’t want to send directly to the other person’s bank account.

You’ll also find helpful features like “Rate Alerts”. This one is pretty self-explanatory. You create an alert, which will give you a heads-up as soon as your currency pairs reach the rate you set, helping you save a bit if you’re not rushing.

Lastly, one of the best ways to gauge performance is to see what people say about it. For that, I checked Xe reviews left by other users. For instance, at the moment of writing, Trustpilot hovers around 4.4/5 on over 80k reviews.

When it comes to the Xe app review, the scores for Google Play list 4.8/5 on +340k ratings, and Apple App Store displays 4.8/5 on 110k ratings. As you can see, the evaluation is definitely high, which hints that the platform is actually good and easy to use.

How to Use Xe

My goal is to make this Xe review as useful as possible, so I’ve added a quick guide on how to use the platform, so you’re not left wondering, “How does Xe work?”.

How to Create a Xe Account

Naturally, the first thing you’ll need to do is create an account (assuming that you don’t have one already).

That’s it. As mentioned at the beginning of this Xe review, it doesn’t require you to complete KYC verification immediately, unlike some other platforms.

How to Send Money With Xe

Since Xe doesn’t directly store your funds anywhere and you can’t top up, we’re skipping the usual “how to deposit” step and moving straight into sending.

That’s basically it. Depending on your payment method, you’ll need to add that information and answer a few more questions, like your occupation, but that’s the majority of the process.

How Does Xe Compare to Alternatives

Before finishing up this Xe review, I figured it’s worth comparing this money service provider to some other options, to get a better understanding of how it fares against top-notch platforms.

Xe VS Ogvio

Xe and Ogvio both move money across borders, but the day-to-day experience feels different. The former uses a more traditional flow with bank details, amount, and delivery type inside an app that also offers live rates and tools. Ogvio, in contrast, leans on @Tags and DM-style flow instead of long account numbers.

On pricing, both accounts are free to open, without any monthly fees or subscriptions. Now, with Xe, you pay per transfer, with a small fee on some routes depending on currency, destination, and payment method, shown before you confirm. Ogvio, on the other hand, has zero fees when sending via @Tags and any charges are disclosed upfront, with no hidden pricing.

With delivery and coverage, there is a bit of a difference, but not a big one. Xe supports bank deposits, cash pickup, and, in many corridors, mobile-wallet payouts, reaching over 190 countries and more than 130 currencies. Ogvio focuses on digital transfers, letting you deposit more than 40 currencies, auto-convert them to EUR or USD-denominated balances, and send to 160+ countries.

Speed is framed differently, too. Xe quotes arrival times from minutes up to several working days, depending on the route and how you pay, with many transfers relatively quickly, though it can take up to 4 business days, so it really depends. Now, Ogvio positions itself around near-instant transfers between users, where money sent through the DM-style transfer lands in seconds.

Regarding use cases, you can probably already understand that it’s what separates them the most. Xe suits larger or more traditional payouts, like sending to a bank account, paying bills abroad, or choosing cash pickup where needed, which is convenient.

Ogvio, however, angles more toward frequent P2P remittances, people paid in volatile currencies, and users who like the idea of pegged EUR/USD balances, so they can move fast.

📚 Read More: Ogvio Review

Xe VS Wise

When you compare Xe and Wise, the fee model is usually the first difference people will notice. Xe charges a variable transfer fee on some routes and builds its rate into a dedicated “send” quote that can differ from the mid-market rate. Wise, by contrast, uses the mid-market rate and adds a separate, upfront transfer fee.

Coverage and speed are both strong, but not identical. Xe advertises support for over 130 currencies and 190+ destination countries for personal transfers. Wise talks about sending to 160+ countries and, as of 2025, the company states that around 70% of transfers arrive in under 20 seconds and 95% within a day.

How the money moves also differs. Xe lets you fund transfers by bank transfer, card, or ACH in supported regions, then send to bank accounts, cash-pickup locations or mobile wallets on many corridors. Wise mainly delivers to bank accounts, but pairs this with a multi-currency account and debit card for everyday spending in many countries.

Because of this, use cases can diverge. Xe can fit scenarios where your recipient needs cash pickup, a mobile-wallet payout or a one-off large bank transfer with specialist support and higher limits. Wise often fits people who want predictable mid-market pricing, frequent online transfers, and an account they can also use for card payments and travel spending.

Regarding customer support, as already mentioned, Xe can provide expert support for large transfers. That said, Wise leans on round-the-clock help channels and in-app notifications, while also giving account-style tools like local account details, balances, and, in some regions, interest-earning options.

📚 Read More: Wise Review

Xe VS N26

Xe focuses on currency tools and international money transfer through its website and app. N26, for instance, is a fully licensed German mobile bank. It lets you open a euro bank account, get a card, and manage day-to-day spending from your phone. Money kept with N26 is also protected up to €100,000 by the German Deposit Protection Scheme.^[2]

Now, with Xe, you can send money to over 190 countries in more than 130 currencies. You can transfer to bank accounts and arrange cash pickup at 500,000+ locations, or you can also send to mobile wallets in 35+ countries. N26’s Wise-powered transfer feature supports 40+ currencies and 40+ destination countries.

The transfer fee depends on how you pay, which currency you send, and the destination country. N26, as you may already understand, uses Wise, which applies the mid-market rate and a low, transparent fee.

Naturally, the pricing is different. Opening a Xe account is free, with no subscription or monthly fee. N26 is different. Based on allowances and other benefits, users can purchase a monthly subscription (Smart/Go/Metal).

In practice, Xe suits people who need broad global coverage, send occasional or larger transfers, or want options beyond bank-to-bank, like cash pickup or mobile wallet. N26 is a better fit if you’re an expat who’s in Europe and wants to easily open up a bank account and order a card for everyday usage.

📚 Read More: N26 Review

Conclusions

As we’ve come to the end of this Xe review, here is my takeaway: Xe is a solid choice if you care most about reach, simple flows, and peace of mind. It might not offer such speed as Ogvio or mid-market rate like Wise, but you get 130+ currencies, 190+ receive countries, cash pickup, mobile wallets, and high limits, even if everything else lands somewhere in the middle of the pack.

Putting it simply, Xe works best when you need mainstream routes covered, occasional big transfers, or a mix of bank payouts and cash collection. However, it’s definitely not the best choice on the market.

Scientific References

1. McCrohan, K., Engel, K., Harvey, J.: 'Influence of Awareness and Training on Cyber Security';

2. Fountis, A., Mukherjee, M.: 'N26: a Fintech - Revolutionizing the Banking Sector's Supply Chain'.

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