Xoom Money Transfer Service

broker vs banks

Xoom Money Transfer Services

Xoom offers an alternative money transfer system for its customers. Union. Xoom.com is a US based company that offers its customers the facility to send and receive money all around the world. In order to send money to a country, the country where the amount should be sent must be selected and an amount must be selected which will be sent. The company also offers the sender to select the option of how the recipient will be receiving the funds.

A payment method can be chosen by the sender and the money transfer to be confirmed by the one who will be sending it. The recipient must also be notified by the sender that money has been sent and hence the recipient should be ready to receive the money.

Xoom has a fully online platform where all transactions can take place. This allows its customers to send money to 44 different countries, making it a huge network with a variety of options as to where the money could be sent. Payment can be made using Visa or MasterCard debit card or credit card, though fees and charges must be checked properly beforehand. Funds sent by the sender can be collected by the recipient at a local branch or delivered directly to the recipient’s residence, whichever is more convenient. Instant transfers are offered by Xoom and the transfers done by them are much cheaper than the banks.

The exchange rates offered by Xoom and the fees charged by them are not much high. Since Xoom functions in about 44 countries, one can think that there might be delay in the receiving of funds but Xoom put serious effort to make sure that its customers are receiving funds in time. Customer service offered by Xoom is also satisfactory.

Leave a review

Company Details


Get a quick quote

Open Account with Currencyfair

Currencyfair are located at:
Robert Denholm House, Bletchingley Road,, Nutfield, Surrey, RH1 4HW, United Kingdom

Company Location

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882