XE vs Wise Comparison

XE, established in 1993 and now a part of the Euronet Worldwide corporation, has long been recognized for its comprehensive currency exchange and transfer services. It boasts a strong reputation for facilitating large international transfers with no fees for substantial amounts.

On the other hand, Wise, launched in 2011, has rapidly ascended to prominence with its transparent fee structure and innovative financial solutions, including its highly acclaimed multi-currency account.

This comparison aims to delve into the specifics of each service, highlighting their strengths and optimal use cases to help you make an informed decision for your next money transfer.

Customers

Company NameXEWise
Logo
XE logo new
wise new logo
XE ReviewWise Review
Customer rating4.3/54.2/5
# Rating Customers65,000+ on Trustpilot195,000+ on Trustpilot
Top 3 Pros
  • Great customer reviews
  • No fee for large transfers
  • Strong reputation
  • Transparent fees
  • Highly rated app
  • Multi-currency account
Top 3 Cons
  • Fee for transfers under ยฃ1000
  • No dedicated dealer for low volume
  • No virtual bank accounts
  • Not optimal for large transfers
  • Fees increased over the years
  • Accounts freezing issues

Availability

Company NameXEWise
Logo
XE logo new
wise new logo
Office locationsUK, Spain, Canada, Australia, New ZealandGlobal, with headquarters in London
# Currencies98+50+

Security

Company NameXEWise
Logo
XE logo new
wise new logo
Regulated byFCA, FinCEN, ASIC, and othersFCA, FinCEN, ASIC, and others
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameXEWise
Logo
XE logo new
wise new logo
Min transferโ‚ฌ/ยฃ/$1ยฃ/โ‚ฌ/$1
Max transferยฃ350,000 online, higher by phoneVaries by currency
Fixed feesNo fixed fees for large transfersVaries, percentage-based
See rates before you log in?YesYes

Customer Support

Company NameXEWise
Logo
XE logo new
wise new logo
Dedicated DealerYes (for transfers over $50,000)No
EmailYesYes
PhoneYesYes
Live ChatNoYes
24/7YesNo

Ways to Transfer

Company NameXEWise
Logo
XE logo new
wise new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoYes
Cash PickupYesNo
Card Top-UpNoYes

Additional Functions

Company NameXEWise
Logo
XE logo new
wise new logo
HedgingYesNo
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardNoYes

Conclusion

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

  • XE does not take any fees or commission for transfers, making it more cost-effective for larger amounts.
  • XE offers a broader range of currencies and services more countries, providing greater flexibility for international transfers.
  • XE is part of the veteran Euronet Worldwideยฎ corporation, adding an extra layer of reliability and trustworthiness to its services.

Both companies are reliable companies with good customer reviews, and both should be considered for your next international money transfer.

XE is better for larger international money transfers and customers looking for a wide range of currencies.

Wise is better for users seeking transparent fees and a user-friendly app and those who need a multi-currency account for smaller, frequent transactions.