XE vs Remitly Comparison

XE Money Transfer, a subsidiary of Euronet Worldwide, has been a trusted name in currency exchange since 1993, evolving into a comprehensive service for both personal and business transfers across a wide range of currencies.

Remitly, founded in 2011, focuses on facilitating remittances, offering fast and convenient options for personal money transfers, including innovative payout methods like mobile money and cash pickup.

This comparison aims to highlight the key features, benefits, and differences between XE Money Transfer and Remitly, helping you make an informed decision for your next international money transfer.

Customers

Company NameXE Money TransferRemitly
LogoXE logo new
XE ReviewRemitly Review
Customer rating4.3/54.1/5
# Rating Customers57,000+ reviews38,000+ reviews
Top 3 Pros
  • No transfer fee for most bank deposit payments
  • Cash collection service available in select countries
  • Business services available
  • Excellent range of payout options
  • Multiple payout methods
  • Partnership with big banks in various countries
Top 3 Cons
  • Fewer payout options available
  • Exchange rates include a variable markup
  • No virtual bank accounts
  • High transfer fees and profit margin
  • No in-person customer support
  • Limited advanced features for businesses

Availability

Company NameXE Money TransferRemitly
LogoXE logo new
Office locationsUK, Spain, Canada, Australia, New ZealandUS, Nicaragua, Ireland, UK, Poland, Singapore, Philippines
# CurrenciesNearly 10075+

Security

Company NameXE Money TransferRemitly
LogoXE logo new
Regulated byFCA, and othersFCA, FinCEN
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameXE Money TransferRemitly
LogoXE logo new
Min transferNo limit$10
Max transferNo limit$20,000
Fixed feesNo fee0.00 USD to 413.99 USD
See rates before you log in?YesYes

Customer Support

Company NameXE Money TransferRemitly
LogoXE logo new
Dedicated DealerYesNo
EmailYesYes
PhoneYesYes
Live ChatNoNo
24/7YesYes

Ways to Transfer

Company NameXE Money TransferRemitly
LogoXE logo new
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoNo
Cash PickupYes (select countries)Yes
Card Top-UpNoYes

Additional Functions

Company NameXE Money TransferRemitly
LogoXE logo new
HedgingYesNo
Mass paymentsYesNo
Cash chequesNoNo
Multi-Currency Debit CardNoNo

Conclusion

On MoneyTransferComparison, XE Money Transfer has received a higher editorial score. The advantages of XE Money Transfer over Remitly are these:

  • Higher transfer limits.
  • Availability of business services.
  • Broader range of currencies supported.

XE Money Transfer is better for larger transactions and business-related transfers.

Remitly is better for personal use, especially for those needing versatile payout options like cash pickup and mobile money.