XE vs Ria Comparison

XE, renowned for its comprehensive currency exchange services since the 1990s, has evolved into a full-fledged money transfer provider, offering a wide range of services including large transfer capabilities and hedging options.

On the other hand, Ria, established in 1987, has cemented its position as one of the largest global money transfer services, specializing in remittances and cash pickup options across over 190 countries.

This comparison aims to delve into their features, services, and customer experiences to help you decide which provider best suits your international money transfer needs.

Customers

Company NameXERia
Logo
XE logo new
ria new logo
XE ReviewRia Review
Customer Rating4.3/54.2/5
# Rating Customers65,000+ on Trustpilot5,800+ on Trustpilot
Top 3 Pros
  • Great customer reviews
  • No fee for large transfers
  • Wide variety of currencies
  • Wide global reach
  • Fair rates for remittances
  • Professional website and support
Top 3 Cons
  • Β£1.99 fee for transfers under Β£1,000
  • No virtual bank accounts
  • Access to a dedicated dealer requires $50,000 annual volume
  • Low payment limits ($2,999 per transfer in US and Canada)
  • For large transfers, rates are not great
  • No dedicated dealers or hedging tools

Availability

Company NameXERia
Logo
XE logo new
ria new logo
Office LocationsUK, Spain, Canada, Australia, New ZealandUSA, 447,000+ transfer agents worldwide
# Currencies98+100+

Security

Company NameXERia
Logo
XE logo new
ria new logo
Regulated ByUK, Europe, Australia, Canada, New Zealand, USFinCEN (USA), FCA (UK), FINTRAC (Canada), ASIC (Australia)
HTTPS SecuredYesYes
Segregated Customer AccountsYesInformation not provided
2FANoNo

Limits and Fees

Company NameXERia
Logo
XE logo new
ria new logo
Min TransferNo minimumNo minimum
Max TransferGBP 350,000 / USD 535,000 / CAD 535,000 / NZD 750,000$2,999 per day in US and Canada
Fixed FeesΒ£1.99 for transfers under Β£1,000$3 for transfers below $100; $5 for above
See Rates Before You Log In?YesYes

Customer Support

Company NameXERia
Logo
XE logo new
ria new logo
Dedicated DealerYes (for transfers over $50,000)No
EmailYesYes
PhoneYesYes
Live ChatNoNo
24/7NoNo

Ways to Transfer

Company NameXERia
Logo
XE logo new
ria new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoNo
Cash PickupYeYes
Card Top-UpNoNo

Additional Functions

Company NameXERia
Logo
XE logo new
ria new logo
HedgingYesNo
Mass PaymentsYesNo
Cash ChequesNoNo
Multi-Currency Debit CardNoNo

Conclusion

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

  • A broader range of services including hedging and mass payments.
  • Higher maximum transfer limits.
  • The availability of dedicated dealers for large transfers.

XE is better for larger international money transfers and for individuals or businesses looking for hedging options to manage currency risk. It’s also more suitable for those who prefer dealing with a dedicated account manager for transactions over $50,000 annually.

Ria is better for smaller remittances and offers a more extensive network for cash pickups, making it ideal for sending money to recipients in remote areas or countries with limited banking infrastructure. It’s also a strong choice for those looking for a straightforward, user-friendly online and app-based platform for quick transfers.