XE vs Western Union

Is XE better than Western Union? 

XE & Western Union are the two most recognized and trusted money movers in the world. However, the approach is very different. Limited by $9K per transfer, Western Union customers have access to thousands of agent locations and teller-machines all over the world, enabling people to deposit and receive small, mostly cash transfers. XE is a modern, fast and cheap way of transferring serious amounts of money, mostly digitally. Despite cases when your goal is to send a quick cash transfer to someone without an account, XE is a way to go, with more options and way cheaper prices.

Established
Established
1993
1990's
TrustPilot Rating
TrustPilot Rating
Office Locations
Office Locations
Canada, UK, USA
USA
REGULATION
ASIC (Australia)
ASIC (Australia)
FCA (UK)
FCA (UK)
Other
Other
FinCen, Fintrac
FMA (Austria)
SAFETY
Two-factor payment authentication
Two-factor payment authentication
Information stored in a secure data center
Information stored in a secure data center
Segregated customer accounts
Segregated customer accounts
256-bit website encryption via SSL from VeriSign
256-bit website encryption via SSL from VeriSign
FEES & CHARGES
Transaction Fee
Transaction Fee
0 Fees
$5 - $10 fee on average
Exchange Rate
Exchange Rate
Mid-market
3%- 6% above the mid-market
Other Fees
Other Fees
-
Intermediary banks fees are possible
Minimum Transfer Amount
Minimum Transfer Amount
€/£/$1
€/£/$1
Maximum Transfer Amount
Maximum Transfer Amount
$500K
$9K online, unlimited at agent locations
SENDING & RECEIVING OPTIONS
Scheduled & Recurring Payments
Scheduled & Recurring Payments
Delivery Speed
Delivery Speed
0 - 2 Days
0 - 5 Days
Countries
Countries
170
200
Currencies
Currencies
60+
130
CUSTOMER SUPPORT
Phone Assistance
Phone Assistance
Email
Email
BUSINESS TRANSFER FEATURES
Bulk/Mass Payments
Bulk/Mass Payments
FX Hedging
FX Hedging
Risk Management
Risk Management
TRANSFER METHODS
Bank Transfer
Bank Transfer
Credit/Debit Card
Credit/Debit Card
Cash
Cash
Cheque
Cheque
ONBOARDING SIMPLICITY
Onboarding Time
Onboarding Time
Within minutes
Within minutes
eKYC
eKYC
Ease of Use
Ease of Use
Easy
Easy
CURRENCY EXCHANGE FEATURES
Limit Orders
Limit Orders
Forward Contracts
Forward Contracts
SAVINGS FEATURES
Free multi-currency account
Free multi-currency account
Choose your own rate
Choose your own rate
Rate alerts
Rate alerts
UNIQUE FEATURES
Peer-To-Peer Direct Transfers
Peer-To-Peer Direct Transfers
Same Day Transfers (when possible)
Same Day Transfers (when possible)
Zero Fees on Transfers
Zero Fees on Transfers
MOBILE TRANSFERS
Full Featured App
Full Featured App
Mobile Adaptive Website
Mobile Adaptive Website
App UX
App UX