Both XE and CurrencyFair are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
XE | CurrencyFair | |
Homepage | ![]() | ![]() |
Transfer Fee | £2.00 under £250 (UK) €2.00 under €250 (EU) No fee for other sums | £2.50 (UK) €3 (EU) Currency equivalent for other currencies. |
Average Exchange Rate Markup | 0.2% to 1.4% | 0.0045 |
Minimum Transfer Amount | $1 | £7 (or currency equivalent) |
Maximum Transfer Amount | £350,000 (UK and EU) $535,000 (US) CAD $535,000 (Canada) NZD $750,000 (New Zealand) | 10,000,000 (same in every available currency). |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
XE | CurrencyFair | |
Trustpilot Rating | 4.3 | 4.3 |
Number of Trustpilot Reviews | 61,500 | 6,800 |
iOS App Rating | 4.3 | 4.4 |
Number of iOS App Reviews | 5,300 | 80 |
Android App Rating | 3.5 | 2.6 |
Number of Android App Reviews | 113,000 | 950 |
Features
XE | CurrencyFair | |
App Transfers | Yes | Yes |
Online Transfers | Yes | Yes |
Phone Transfers | No | Yes |
In-person Transfers | Yes | No |
Available Countries | 170 | 150 |
Number of Currencies | 50 | 20 |
Payment Methods | Bank account Debit card Credit card Check Direct debit BillPay BPAY PayID Interac | Bank account |
Receiving Methods | Online wallet Bank account Cash pickup | Bank account |
Cash Pickup Option | Yes | No |
Payments Flexibility | Web platform Mobile app | Web platform Mobile app Phone |
Supported Languages | English, German, Spanish, French, Portuguese, Italian, Swedish, Arabic, Japanese, and Chinese | English, French, and German |
Transfer Speed | 1-4 days | 0-5 days |
Dedicated Dealer | Only for customers transferring above $70,000 | Only for business clients |
Instant Custom Quote | Yes | Yes |
Business Features | Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API portal | Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API integration |
Debit Card | None | None |
Cancellation Policy | Only for cash pick-up transfers when the cash hasn’t been collected by the recipient | Only possible as long as the money transfer hasn’t been matched |
Suitability | Small and large money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
XE | CurrencyFair | |
Year Founded | 1993 | 2009 |
Headquarters | Newmarket, Ontario, Canada | Dublin, Ireland |
Other Office Locations | Canada, Australia, the US, the UK, and New Zealand | Newcastle (Australia), Nutfield (the United Kingdom), Singapore, and Kwun Tong (Hong Kong) |
Annual Trading Volume | £15 billion | $300 million |
Number of Employees | 350 | 156 |
Number of Clients | 150000 | 150000 |
Regulatory Institutions | FinCEN in the USA FINTRAC and OSFI in Canada FCA in the UK ASIC in Australia | FinCEN in the USA FCA in the UK ASIC in Australia Central Bank of Ireland in EU MAS in Singapore CED in Hong Kong |
Awards | International Money Transfers Outstanding Value Award (Canstar, 2021) | Best of Show (Finovate Asia, Singapore, 2012) Most Insightful and Intriguing Internet Innovation (IIA Dot IE Net Visionary, 2013) TNW’s Irish Startups (2013) one of the Best Middleweight Start-ups (Europas, 2013) Excellence in Payments (FinTech Australia, 2017) Top 20 Fintech Companies in Ireland (Irish Tech News, 2017) Fintech Startups in Europe to watch in 2018 (2017) Mozo Experts Choice Awards (Mozo.com.au, 2018) Top 100 Startups to watch in 2018, Silicon Republic (2018) Top 10 Startup Winner for Best Employer (LinkedIn, 2018 and 2019) Spiders Award for Best in Fintech (2019) 5-Star Rating for Outstanding Value International Money Transfers (Canstar, 2019) |
XE Pros & Cons
XE Pros
- Attractive exchange rates
- Broad currency selection
- Local presence in many locations worldwide
- A variety of payment methods
- Stellar customer service
- Extensive global reach
- Loads of experience under their belt
- Top-notch website and mobile app
- Offers instant custom quotes
- Fast money transfers with 50% transfers processed within minutes
- Cash pickup service
- Handy exchange rate alerts feature
XE Cons
- No dedicated account managers for all users
- Small transfer fees are imposed on certain small money transfers
- Sparse coverage of less-common currencies
- No solid cancellation policy in place
- Average Trustpilot rating
CurrencyFair Pros & Cons
CurrencyFair Pros
- Competitive exchange rates
- Excellent customer service
- Instant personalized quotes
- Impressive Trustpilot score
- Wide-reaching service coverage
- Quick international transfers
- Alerts for exchange rate changes
- Fixed fee for money transfers
- Awards for superb performance in the financial sector
- Can handle both large and small money transfers
CurrencyFair Cons
- Lack of personal account managers for individual users
- Limited options for transfer funding
- No cash pickup service
- Narrow range of supported currencies
- Poor user rating for the Android mobile app
Top Rated Money Transfer Service
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