XE international money transfers

Must knows about transferring money with XE

Signing up for a personal or business XE account is free and easy, and even once you’ve signed up you’re under no obligation to make a transfer. When making an account these are the main things you’ll want to know:

Transfer speed: Transfer speed varies depending on the currencies, bank accounts and payment type you’re dealing with but you can usually expect the payment to be completed 1-4 days after it’s originally sent. 

Transfer limits: XE has no minimum transfer limit and no maximum transfer limit when paying via phone, however there is a $500,000 USD (or currency equivalent) limit for online transfers per transaction.

Fee free: When you exchange currency with XE you’ll be glad to know there’s no extra fees. However fees may be applied by banks receiving or sending the money, so check with your bank before making a transfer to be sure.

Available currencies: XE provides transfer access to 60 world currencies across 170 countries, so no matter where you’re going XE will likely have you covered.

XE Products and Services

XE offers a bunch of different services that let you transfer money for many different reasons. Some key features to know about include:

Online transfer

XE is an online platform that allows you to transfer your funds quickly and easily through its secured internet platform. So whether you’re chilling in the Alps or kicking it in your bedroom, you will have 24/7 access to currency transfer. 

Business accounts

XE also offer business accounts that specialise in helping businesses move their funds internationally. Whether you’re a large corporation or a small startup, XE provides a great platform for buying and selling overseas.

Limit orders

Limit orders let you make a transfer when your currency of choice hits a certain value. You’ll receive a notification from XE when your nominated rate is available and your transfer will go through. This can be really helpful if you are planning overseas travel far in advance and want a really good rate, but you don’t want to spend everyday checking exchange rates to get it.

Security

XE understands that having peace of mind and knowing your money is safe is of the utmost importance, which is why they use Norton security. It’s also Australian finance certified, holding an AFSL from ASIC, so you know you’re in safe hands when transferring with XE.

Why use XE for IMT?

XE offers a lot of different features and comes with a great history in the world of international money transfer. Aside from that, here are some of the top reasons you should consider XE:

• Highly competitive interest rates
• Fee free
• Super easy to use
• 24/7 transaction access via online platform
• Access to transfer in 60 world currencies
• Has transferred over 10 billion dollars to date
• Uses Norton Security, which is used by 97 of the world’s largest banks
• Has been in the online currency exchange game since 1994

How to transfer money with XE

XE has a simple online account set up which varies slightly depending on whether you are signing up for a personal or business account. When creating an account you’ll need to provide personal and identifying information, as well as some info about what sort of transfers you want to do. The XE IMT process goes something like this:

1. Log into your XE account
2. Confirm the currencies you want to exchange
3. Put in the amount of money you want to exchange
4. Enter the details of where the money is going
5. Confirm how you will be paying
6. Accept the exchange rate and total cost
7. Wait 1-4 days for the beneficiary bank to confirm the payment