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These Are the Best Money Transfer Apps Like Xoom in 2022

Byron Mühlberg, writer at Monito.com
Oct 4, 2022
Affiliate disclosure

PayPal's Xoom is one of the most popular money transfer apps globally, supporting transfers from the United States, United Kingdom, and Europe to over 170 countries worldwide. It allows you to send money from your bank account or PayPal balance to somebody's bank account overseas or for cash pick-up from a vast network of locations.

However, while it's fast and convenient, Xoom is usually a terrible choice for sending money internationally due to the high fees and hefty exchange rate margins that accompany its transfers.

This guide helps you save money by ranking and reviewing the seven best money transfer apps like Xoom, allowing you to send money internationally more cheaply, no matter your needs and preferences!

Compare now to find the cheapest Xoom alternatives:

Wise — Best for Bank Transfers

London-based transfer app Wise is a top-notch way to send money internationally and frequently ranks as the cheapest way to transfer abroad on Monito. Like Xoom, Wise supports transfers to dozens of foreign currencies worldwide, but unlike Xoom, it's among the best money transfer services of all on Monito and its mobile app is ranked the best money transfer app. See our side-by-side Xoom vs Wise comparison to learn more.

Similarities to Xoom: You can send money online to a foreign bank account.

Differences to Xoom: It's usually significantly cheaper.

Cost: Approx. 0.25% - 1%

Coverage: Available in the EEA, UK, US, Singapore, Japan, Australia, and New Zealand and supports transfers to around 57 foreign currencies across the globe.

Speed: 52% of transfers arrive within 20 seconds, 71% within an hour, and 90% within a 24-hour period.¹

Transfer limits: Precise limits vary depending on currency and country, but generally, the minimum transfer is just one US dollar, and the maximum transfer is USD million or currency equivalent.

More info: See our full Wise review or visit the website.

¹ Q2 2022 Mission Update: Speed

Remitly — Best for Cash Pick-Up

Remitly is a US-based digital remittance app that's frequently the fastest and cheapest money transfer app on Monito. Like Xoom, Remitly offers various pay-in and pay-out options and supports currency transfers to over 85 countries worldwide, but unlike Xoom, it's often 2 to 5 times cheaper! See our side-by-side Xoom vs Remitly comparison to learn more.

Similarities to Xoom: You can send money to both cash pick-up and bank deposit.

Differences to Xoom: It's usually a lot cheaper, and you can send money to mobile wallets.

Cost: Approx. 0.5% - 2%

Coverage: Available in Europe, North America, Singapore, and Australia and supports transfers to around 47 currencies.

Speed: Remitly 'Economy' bank transfers take between three and five business days to arrive, while 'Express' card transfers arrive within minutes.

Transfer limits: Exact limits vary depending on currency and country, but generally, the minimum transfer is USD 1, and the maximum transfer is USD 20,000, or currency equivalent.

More info: See our full Remitly review or visit the website.

WorldRemit — Best for Mobile Money

WorldRemit is a UK-based online remittance provider that offers best way to transfer money internationally to diverse regions globally, including Africa, the Middle East, and Latin America — often being the cheapest transfer app to these countries. Unlike Xoom but like Remitly and Wise, WorldRemit lets you send money to mobile wallets in countries overseas (in addition to cash pick-up and bank deposits), which makes it a unique and capable service.

Similarities to Xoom: You can send money to both cash pick-up and bank deposit.

Differences to Xoom: It's much cheaper, and you can send money to mobile wallets.

Cost: Approx. 1% - 2.5%

Coverage: Available in 56 countries and transfers to as many as 150 foreign currencies.

Speed: Depending on the pay-in methods, payout methods, and countries involved, WorldRemit transfers take anywhere between a few seconds and a few working days to arrive.

Transfer limits: USD 1 - USD 9,000 in the US and GBP 1 - GBP 50,000 in the UK.

More info: See our full WorldRemit review or visit the website.

Paysend — Best for Card Transfers

A true specialist in international card payments, Paysend is a flexible and fast-growing money transfer platform that supports credit and debit card payments to an impressive network of nearly 100 receiving countries through various pay-out options. It's a simple, fast, and up-and-coming money transfer app that our reviewers think is especially suited for card transfers.

Similarities to Xoom: Supports online money transfers.

Differences to Xoom: You can send money to somebody's card.

Cost: Approx 0.5% - 2%

Coverage: Available in 49 countries and supports transfers to 90 countries.

Speed: For Paysend transfers to cards or for cash pickup, funds normally arrive within a matter of seconds or minutes. Transfers to bank accounts take longer, usually between one and three business days.

Transfer limits: USD 10 - USD 1,000 (which can be raised to USD 10,000 after ID verification).

More info: See our full Paysend review or visit the website.

Revolut — Best for Banking Features

A major name in digital banking, Revolut is an online bank and fintech that boasts 12 million users globally. In addition to its mobile banking app and savvy features (you'll need to sign up to make transfers), Revolut also offers some of the best-priced international money transfers to global bank accounts that you'll find anywhere on the market.

Similarities to Xoom: You can send money online, but with fewer receiving currencies.

Differences to Xoom: Online interface is much better, and transfers are considerably cheaper.

Cost: Approx 0.5% - 1.5%

Coverage: Available from most major currencies to around 28 others worldwide.

Speed: Within 1 business day.

Transfer limits: Up to USD 1 billion or currency equivalent.

More info: See our Revolut Money Transfer review or visit the website.

XE Money Transfer — Best for Coverage

The world's oldest online money transfer company, XE Money Transfer is widely-known in the world of currency exchange and often offers the best way to transfer money internationally in terms of the number of foreign currencies and countries it covers.

Similarities to Xoom: The online interface looks similar; it's old-school but robust and quite easy to use.

Differences to Xoom: It's available in far more countries and is usually cheaper.

Cost: Approx 0.9%

Coverage: Available globally and supports transfers to 98 foreign currencies.

Speed: 1 - 3 business days.

Transfer limits: USD 1 - USD 500,000.

More info: See our full XE review or visit the website.

OFX — Best for Large Transfers

A specialist in large money transfers, OFX is a foreign exchange broker rather than a money transfer platform, meaning that its services are more personalized toward the needs of individual customers. However, you should be making a large transfer (i.e. more than USD 15,000 or equivalent) for OFX to be better-priced than apps like Wise and Remitly.

Similarities to Xoom: You can send money to over 170 countries.

Differences Xoom: It's much cheaper, especially for very large transfers.

Cost: Approx 0.4% - 1%

Coverage: Available in Australia, New Zealand, Canada, the UK, the US, the EU, Singapore, and Hong Kong. It supports transfers to an impressive 190 countries in over 50 foreign currencies.

Speed: 2 - 5 business days.

Transfer limits: USD 2,000 - USD 2 billion.

More info: See our full OFX review or visit the website.

How to Find the Cheapest Xoom Alternative

It's worth stressing that there are many Xoom alternatives, and no single one will necessarily be better than Xoom for every person in every instance. Overall, however, the money transfer apps we outlined above will, on average, be cheaper than Xoom and give additional benefits as well.

However, changing from Xoom to another provider, there are a few other rules of thumb to keep in mind to ensure that you save every extra dollar when sending money internationally for everyday use. These include:

  • Open bank accounts that don't charge additional fees for international money transfers. Take a look at our list of the best banks for international travel to find out more.
  • Avoid using a credit or debit card to fund your money transfer. If you do, then Paysend is by far the best option.
  • Make sure you choose a safe and fully-licensed money transfer service. All services on Monito adhere to the highest security standards and are among the safest ways to send money internationally.
  • Avoid using big banks and PayPal, which are practically never the cheapest way to send (or receive) money overseas.
  • Where possible, send money to a bank account or a mobile wallet rather than to a cash pick-up location.
  • If you're looking for the cheapest way to exchange money with cash, avoid doing so at bureaux de change or airports.
  • Where possible, send one large transfer instead of multiple smaller ones. Larger transfers almost always incur lower percentage fees than smaller transfers. Learn more about making sizeable international money transfers here and about how much you can send internationally here.
  • Choose a longer transfer speed if it reduces your fees.

Best Apps Like Xoom By Country

Xoom is especially popular for sending money from the US, UK and Europe to countries like India, Mexico, and the Philippines in particular. According to millions of searches on Monito, here are the best apps like Xoom for transfers to these three countries in general:

  • Mexico: WorldRemit is the best Xoom alternative to Mexico. It's usually the cheapest money transfer app to Mexico from the countries where Xoom is available. Unfortunately, sending money from Mexico to the US or any other country with Xoom is impossible. Learn more here.
  • India: XE Money Transfer is the best Xoom alternative to India, as it's normally the cheapest money transfer app to Mexico from the countries where Xoom is available. Sending money from India to the US or any other country with Xoom is impossible. Find out more here.
  • The Philippines: The best Xoom alternative to the Philippines, Instarem is typically the cheapest money transfer app to Mexico from the countries where Xoom is available. Learn more here.
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Though WorldRemit, XE, and Instarem are usually the cheapest apps for transfers to India, Mexico, and the Philippines, Remitly is even cheaper on your first transfer. Sign up for Remitly with our link to get market-beating rates on your first transfer and then good exchange rates forever after that!

It's important to remember that it's impossible to send money internationally for free and that every currency exchange comes with a cost. However, not all money transfer services are created equal, and some charge you considerably lower fees than others. Monito has reviewed and compared hundreds of money transfer services to simplify your research. Compare them in real-time using our award-winning comparison engine below:

Find the best alternatives to Xoom:

FAQ About Sites Like Xoom

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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