Remitly vs Xe Money Transfer

Remitly is a mobile app for sending money internationally, available on Android and iOS. It serves more than 175 countries and offers several ways for recipients to receive funds: bank account, mobile wallet, cash pickup, mobile money, home delivery, or debit card deposit. Senders can pay by bank transfer, debit or credit card, Apple Pay, or Google Pay. Before sending, the app displays the exchange rate, fees, and total cost; exchange rates are variable, and transfer speed is listed as instant. Transfers can be tracked, and recipients do not need to install the app or sign up. The app is free to download, and a free plan is listed. For transfers from the United States to France, bank deposit is free and cash pickup is $2.99, paid once. A new-customer promotional rate applies to the first 1,500.00 USD sent. Sending limits vary by sender and recipient location and apply over 24 hours, 30 days, and 180 days. Remitly says it refunds fees if a transfer is not delivered on time.

Xe Money Transfer sends international payments for individuals and businesses to over 190 countries in more than 130 currencies. Transfers are described as instant, and the exchange rate includes a markup. Fees vary by currency, destination and payment method; applicable charges are shown before confirmation. Depending on availability, customers can pay by direct debit (ACH), wire transfer, or debit or credit card. Recipients may receive funds by bank deposit, cash pickup or mobile wallet where available. Xe is available on the web and in iOS and Android apps, which support transfers, currency conversion, live exchange rates and transfer tracking. Users can set rate alerts and schedule transfers. Online limits vary by region, and payment methods may impose additional limits. Xe may request identity documents, with requirements varying by country. Xe says it uses encryption, multi-factor authentication, identity verification and fraud monitoring, and that it is globally regulated and complies with privacy regulations including GDPR and CCPA. Support is available through the app; Xe says its support team is available 24/5.