TransferGo vs Xe Money Transfer
TransferGo
transfergo.com
Xe Money Transfer
xe.comSide by side
| Figure | TransferGo | Xe Money Transfer |
|---|---|---|
| Price from | Free | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 8 | 1 |
| Spec score · Money Transfer Apps | 8.8 (#9) | 8.6 (#13) |
| Exchange-rate model | markup | markup |
| Upfront fee display | Yes | Yes |
| Founded | 2012 | 1993 |
| Free plan | Yes | Yes |
| Headquarters | London, United Kingdom; Vilnius, Lithuania | Newmarket, Ontario, Canada |
| Mobile platforms | The app is available for iOS, Android and Huawei. | both |
| Transfer speed | Transfers can be delivered in minutes, instantly, within an hour or next business day depending on method. | Transfer timing depends on currency, destination, and payment method; Xe says recipients typically receive transfers within 1 to 3 business days after Xe receives payment. |
| Transfer tracking | Yes | Customers can track transfer status and timelines in the app or online account and can ask Xe’s virtual assistant Lexi for a status update. |
Plans
TransferGo
- Free multicurrency accountPrice not published
- International bank-account transferPrice not published
- International card transferPrice not published
- Currency exchangePriced on request
- Multi-currency accountFree
- Transfers to bank accountsPriced on request
- Transfers to cardsPriced on request
- Virtual GoCardFree
In their own words
TransferGo
TransferGo is a mobile service for international transfers and multi-currency balances, with transfers available to over 160 countries. Recipients can receive money through bank accounts, payment cards, e-wallets, and cash transfers. TransferGo lists instant transfer speed, while its plan details also state next-business-day delivery for bank-account transfers. Bank transfers start from 0.2%, and card transfers start from 0.2% with possible third-party fees. Currency exchange starts at 0.5%, or 0.2% for exchanges within the account. The multi-currency account has no setup or monthly costs and supports GBP, EUR, PLN, and RON balances. Users can see fees upfront and track transfers. Registration can be completed online on a computer as well as through the Android and iOS apps. TransferGo says it uses end-to-end encryption and safeguards transfers so money can be returned if a transfer fails. It is regulated under EU and UK law and authorised by the FCA as an EMI. Customer service is available in English and nine other languages.
Xe Money Transfer
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.