XE vs MoneyGram: Fees & Reviews Compared (2025)

Both XE and MoneyGram are popular international money transfer services. But which one is better?

Below we compare them on their fees and reviews.

Sections

Fees

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

	XE	MoneyGram
Trustpilot Rating	4.3	4.5
Number of Trustpilot Reviews	61,500	34,800
iOS App Rating	4.3	4.9
Number of iOS App Reviews	5,300	422,000
Android App Rating	3.5	4.6
Number of Android App Reviews	113,000	88,000

Data taken from relevant websites at time of publication.

	XE	MoneyGram
App Transfers	Yes	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	Yes	Yes
Available Countries	170	200
Number of Currencies	50	60
Payment Methods	Bank account Debit card Credit card Check Direct debit BillPay BPAY PayID Interac	Bank account Debit card Credit card Cash
Receiving Methods	Online wallet Bank account Cash pickup	Online wallet Bank account Cash pickup Home delivery
Cash Pickup Option	Yes	Yes
Payments Flexibility	Web platform Mobile app	Web platform Mobile app In person
Supported Languages	English, German, Spanish, French, Portuguese, Italian, Swedish, Arabic, Japanese, and Chinese	English, Spanish, French, German, Italian, Portuguese, Danish, Norwegian, Arabic, Russian, Ukrainian, Japanese, Czech, Turkish, Hungarian, Polish, Romanian, Indonesian, Thai, Korean, Malaysian, and Chinese
Transfer Speed	1-4 days	Within minutes (cash transfers) 1-3 days (bank and debit card transfers)
Dedicated Dealer	Only for customers transferring above $70,000	No
Instant Custom Quote	Yes	Yes
Business Features	Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API portal	N/A
Debit Card	None	None
Cancellation Policy	Only for cash pick-up transfers when the cash hasn’t been collected by the recipient	Cancellations are possible as long as the money hasn’t been claimed by the recipient.
Suitability	Small and large money transfers	Small money transfers

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

	XE	MoneyGram
Year Founded	1993	1940
Headquarters	Newmarket, ‎Ontario‎, ‎Canada	Dallas, TX, US
Other Office Locations	Canada, Australia, the US, the UK, and New Zealand	Denver (Colorado, US), Minneapolis (Minnesota, US), Brussels (Belgium), São Paulo (Brazil), Vancouver (Canada), Shanghai (China), Hong Kong (China), Mumbai (India), Jakarta (Indonesia), Dublin (Ireland), Rome (Italy), Mexico City (Mexico), Warsaw (Poland), Singapore, Madrid (Spain), Istanbul (Turkey), and London (UK)
Annual Trading Volume	£15 billion	N/A
Number of Employees	350	2500
Number of Clients	150000	150 million
Regulatory Institutions	FinCEN in the USA FINTRAC and OSFI in Canada FCA in the UK ASIC in Australia	New York State Department of Financial Services in the USA FINTRAC in Canada FCA and HMRC in the UK National Bank of Belgium in EU
Awards	International Money Transfers Outstanding Value Award (Canstar, 2021)	Best Cash Innovation and Best Comeback Story (PYMNTS Innovator Awards, 2016 and 2017) Technology Innovation Award (Asian Bankers, 2017) Money Transfer Awards (Mobex Africa Innovation, 2018) Top 100 Places to Work (The Dallas Morning News, 2021) Top Workplaces USA Award (Top Workplaces, 2022) Best Use of Blockchain in FinTech (FinTech Breakthrough Awards, 2023)

Data taken from company websites and other third-party sites. It was believed to be accurate at the time of publication but may have since changed.

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

See More Comparisons:

	XE	MoneyGram
Homepage
Transfer Fee	£2.00 under £250 (UK) €2.00 under €250 (EU) No fee for other sums	Depends on the location, the sending amount, and the payment method. Can be as low as $0-$15 and as high as $100.
Average Exchange Rate Markup	0.2% to 1.4%	1% to 5%
Minimum Transfer Amount	$1	£50
Maximum Transfer Amount	£350,000 (UK and EU) $535,000 (US) CAD $535,000 (Canada) NZD $750,000 (New Zealand)	$10,000 per online transfer for most countries (with a $10,000 as a monthly cap) $25,000 for online transfers to 42 select countries from the US.