Xe combines well-known currency information tools with international money transfers for individuals and businesses. A customer can send to a bank account and, on supported routes, choose cash pickup or another receiving option through Xe's wider group network.
Reader rating
Reviewed by Klaus Thorup · 16 August 2026 · How we review providers
Is XE a good choice?
A credible bank-transfer option with broad currency coverage, but do not mistake the rate in Xe's public converter for the rate on a money transfer. The final send rate includes Xe's margin.
Best for
- Bank transfers across a broad set of currencies
- Customers who already use Xe's rate tools and want a transfer quote in the same service
- Personal or business transfers where a live Xe send rate can be checked before booking
XE pricing at a glance
Xe's transfer rate is called the send rate. It differs from the mid-market rate in the public currency converter because the send rate includes Xe's margin.
This is a USD-to-EUR currency-conversion example. Your exact price may differ by country and by how you pay and receive the money.
About XE
Xe began as Xenon Laboratories in Canada in 1993 and launched its Universal Currency Converter in 1995. It became part of Euronet Worldwide in 2015 and combined with the HiFX money-transfer business in 2019.
Xe currently reports service across more than 190 countries in more than 130 currencies and cash pickup at 500,000 locations. Those cash locations use the wider Euronet money-transfer network rather than a separate Xe-only agent estate.
How XE pricing works
Xe may add a separate send fee on some transfers. The fee depends on the funding method, currency and destination, and the final rate and fee are shown before confirmation.
A card issuer, the recipient's bank or another bank involved in the payment may also charge outside Xe's price. Use the comparison as a starting point, then check an actual Xe quote before sending.
What else you get
Broad currency coverage
Xe supports personal and business transfers across a wide group of countries and currencies.
Currency tools
Converter, chart, alert and data products can help users monitor a currency before arranging a transfer.
Bank deposits and selected cash options
Bank deposit is central to the service, with cash pickup offered through the wider group network on eligible routes.
Strengths and trade-offs
Reasons to choose XE
- Long history in currency data and international payments
- The final send rate is fixed when the customer confirms the transfer
- Personal and business services cover many countries and currencies
Reasons to compare alternatives
- The familiar Xe converter rate is not the executable transfer rate
- A separate send fee can apply as well as the rate margin
- Third-party bank fees may reduce the amount received without advance notice
Support and account checks
Xe can request an identity document and selfie, with requirements varying by sending country, receiving country and amount.
Additional checks may require proof of address or source of funds. Large transfers can require supporting bank, income, sale, investment or inheritance documents.
Xe publishes signed-in live chat in more than 100 languages and regional phone support in English, although the time needed to resolve an issue will vary.
When to look elsewhere
Choose Wise when a mid-market rate and separate fee are preferred, TorFX for named support on a large transfer, or Ria and Western Union when direct access to a physical cash network is the main requirement.
Large investment-related exchange?
For a large currency conversion that is part of genuine investing or trading in the account, compare Interactive Brokers first: its pricing can be difficult to beat. IBKR is a brokerage, not a stand-alone transfer service; use a transfer specialist for cash pickup or a direct payment to someone else.
What to know before you use XE
Use the rate shown in the transfer quote, not the public converter rate, when comparing recipient amounts.
The 500,000-location cash figure reflects access through the broader Euronet network.
Bank funding may take longer than card funding, while card funding can introduce issuer fees.
Sources
Reviewed 16 August 2026
- Xe company history and reach (opens in a new tab)
- Xe transfer exchange rate (opens in a new tab)
- Xe transfer fees (opens in a new tab)
- Xe identity and source-of-funds checks (opens in a new tab)
XE vs the competition
These guides compare prices and practical product differences, so you can see which provider may suit you best.