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.
XOOM CURRENCY RATES LICENSE
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. May not be available for all transactions.
XOOM CURRENCY RATES VERIFICATION
Speed of service subject to bank processing hours in India, processing systems availability, good funds availability and approval by each of Xoom and Indian banking partner’s verification system.
*** For transactions submitted during bank processing hours in India Monday to Friday 9 a.m. Xoom does not partner with any other bank for instant deposits. May not be available for all transactions. Instant deposits to India are processed through Xoom’s partnership with Punjab National Bank and/or HDFC Bank. ** Speed of service subject to processing systems availability, good funds availability, IMPS transaction sending limits, and approval by Xoom’s and Indian banking partners’ verification systems. Transaction amounts depend on various factors, including but not limited to approval by the Xoom proprietary anti-fraud verification system, disbursement method, recipient country, and partner processing limits. * May not be available for all transactions. Whether it’s expanding its country footprint to serve more recipient countries, directly partnering with local banks and utility companies, or innovating new product features, Xoom has been steadfast in its commitment to making international remittances easier, more secure, and more affordable for people. Xoom was one of the first companies to spearhead the move from brick-and-mortar remittance services to a digital experience then came the platform shift from desktop to mobile channels. Since 2001, Xoom has been a leading force in transforming the remittance industry. Using Xoom, customers can send money to over 60 countries, including Mexico, India, the Philippines, and throughout Europe, Asia, and Africa. Xoom offers a convenient way to send money, reload pre-paid mobile phones, and pay bills for family and friends around the world in a fast, secure, and cost-effective way, using your mobile phone, tablet or desktop computer.
Xoom, a PayPal service, is a digital money transfer provider based in San Francisco, CA.