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Xe vs. Wise: Money Transfer Comparison
Explore services, fees, and advantages to uncover how Xe and Wise stack up for your money transfer needs
Last updated August, 2026
At a Glance
Best for
Best for
Small and local payments
Big money moves:
property, education & businesses
property, education & businesses
Key features
Key features
- A convenient service if you travel overseas
- Can use Wise travel card on Google wallet
- Handy for paying family, friends & bills
- Tailored services for high-value transfers (above AUD $20,000)
- Money transfer tracking, from confirmation to arrival
- Set rate alerts for your chosen currency pairs
- Business features: Forward contracts, account managers, mass payments
Trustpilot Rating
Trustpilot Rating
4.2 out of 5 |
4.3 out of 5 |
Countries & Coverage
Supported countries
Supported countries
50+
100+
Countries for transfers
Countries for transfers
80+
170+
Regulatory compliance
Regulatory compliance
FinCen (US)
FCA (UK)
ASIC (AU)
FinCen (US)
FAC (UK)
ASIC (AU)
FMA (NZ)
Major Currency Pairs: Fees & Rates
Transfer fees
Transfer fees
Starts at 0.33%
No fees on most transactions
Exchange rate markup
Exchange rate markup
Good
Mid-market rates with separate fee structure
Good
Competitive rates, particularly for large transfers
New customer special rates
New customer special rates
Transfer Speed & Details
Avg. transfer time
Avg. transfer time
1 - 3 business days
1-4 business days, but includes personalized tracking for larger transfers
Instant transfer availability
Instant transfer availability
Limited
Transfer limit
Transfer limit
A$0 - A$1.8M
A$0 - A$500,000
Large transfer benefits
Large transfer benefits
Flat fee structure regardless of amount
Better rates for transfers over A$20,000
Bank transfer
Bank transfer
Mobile app
Mobile app
Credit/Debit card
Credit/Debit card
Mobile pay
Mobile pay
Cash pickup
Cash pickup
Required documents
Required documents
- Valid ID
- Proof of address
- Bank account verification
- Additional documents for large amounts
- Further identification in some cases
- Valid ID
- Proof of address (eKYC)
- Funding source verification
Transfer Support
Support
Support
(More than 100 languages)
Customer service
Customer service
Competent
(Phone support hours may be limited in AU and NZ)
Outstanding
(Regional offices in AU and NZ. Dedicated account manager available)
Business support
Business support
Competent
Standard support for all users
Outstanding
Dedicated team for business clients
Local offices
Local offices
The Bottom Line
8.4
Wise is a popular option for cost-effective transfers, particularly for less common currencies. With transparent mid-market rates and low fees, it excels in providing value for smaller amounts.
9.8
We recommend XE as the premier choice for major currency transfers, offering competitive rates and no fees on most transactions. With the ability to hold multiple currencies and access global ATM withdrawals, XE delivers unmatched value for international travelers and businesses alike.
