Xoom also allows you to have cash delivered directly to your recipient’s door.īefore you can send funds with Xoom, you must register for a free account with your personal contact information. Send your funds as a cash pickup at thousands of partner locations around the world. You can send money to bank accounts in more than 150 countries and territories worldwide. Xoom has three ways you can send money abroad, including cash pickup options which means your beneficiary could receive their funds almost instantly. What are the ways I can send money abroad with Xoom? You can also then use the interbank rate as a benchmark for comparing rates of other money transfer providers. Here are the rates when we checked on Mafor sending USD to INR through Xoom: Sending amountĪs we have done above, it is best to compare the displayed rate on Xoom with the current mid-market rate to work out the size of the margin charged. The exchange rate offered by Xoom may change depending on the amount of money you’re sending. You can use Xoom’s Fees and Exchange Rate Calculator to see the fees that apply to your transfer destination and amount.Ĭompare money transfer fees now How are Xoom’s exchange rates? Here’s an example of Xoom fees you might see while sending $1,000 to Mexico or India, accurate of as March 1, 2022. To send cash, fees are generally higher, while receiving money to a bank account is often less expensive. Different fees are charged based on how much you’re sending. Where you are sending funds will also affect the fees you are charged. Additional cash advance fees may also be charged to your credit card. Paying by bank transfer is the cheapest option while paying by credit card will have higher fees. Here’s a roundup of some of the factors that could impact how much you have to pay: Xoom’s fees depend on what type of transfer you are making and how you plan to pay for your transfer. Xoom adds markup on the mid-market rate and charges additional fees. It operates on three different levels, with customers required to provide additional information if they want to send larger amounts. Xoom has limits in place for how much you can send. You’ll need to upload a government-issued ID, like a license or passport, and a recent bank statement to send money for the first time. All international money transfer services.Best debt consolidation loans of September 2023.
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