Overall our team thinks these rates aren’t bad if you’re more likely to make bigger transfers, but if you’re regularly sending small amounts then the fees can add up quickly. You can also pay by credit card or debit card, which are usually faster options than bank transfers, but this comes with an extra percentage fee in some countries. Now, transfers below $500 from any of these countries will incur a fee of $3 in the US and Canada, and $4 in Australia and New Zealand. Previously, XE only charged a fee of £2 or €2 for transfers over £250 or €250 from the UK or the EU - while all transfers from the US, Canada, Australia and New Zealand were free. Send fee (if less than qualifying amount) Minimum transfer amount to qualify for no send fee XE changed their fee structure on the 14th of April 2023, around a week before we wrote this review (good timing, right?), which we confirmed on a call with their customer service team. How you pay: XE, like many other providers, sometimes charge extra for card payments - while credit card payments generally include a cash advance fee from your issuer The country and currency you use: Different currencies have different fee thresholds and exchange rate markups - you’ll be able to see this when you set your transfer up How much you send: Sending an amount over the threshold for your currency means you’ll avoid paying a transfer fee, while larger transfers often see better exchange rates ![]() ![]() When sending money with XE, the overall cost will depend on: However, they do charge a markup on the exchange rate, and it tends to be higher on lower transfers. XE charges a flat transfer fee on amounts below a certain threshold, and provides free transfers if your send amount exceeds this.
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