Investment Apps and Websites

TransferWise Review: Why Use It Over Other Online Fund Transfer Platforms

Since it was launched in 2011, the company has grown to be one of the world’s most preferred international money transfer service provider. Know more about the company and what else it has to offer as we do this TransferWise review.

TransferWise Review: Why Use It Over Other Online Fund Transfer Platforms

A report published by The World Bank has stated in the Migration and Development Brief, says that “remittances to low- and middle-income countries reached a record high in 2018”.

According to the Bank, annual remittance flows to low- and middle-income countries were estimated to reach $529 billion in 2018, which was an increase of 9.6% as compared to the previous year.

Meanwhile, based on the data published by Statista, the transaction value in the digital remittances segment was projected to reach over eight (8) million U.S. dollars in 2020. Furthermore, the transaction value is expected to have an annual growth rate of 14.8%, which will result in an estimated total amount of $152,471 million by 2024.


Now, what are we trying to point out with these numbers?

Well, first, the report from The World Bank, shows that remittances are overflowing across the globe. Money goes around from one location to another. Needless to say, the remittance industry is in no way going slow or down.

Second, the data from Statista, only shows that people these days are into digital remittances, which basically means, people use online or mobile money transfer platforms to send and receive funds from whatever parts of the world.

Thanks to digital technology and the internet – all these have been made possible.

The increasing popularity of digital money transfer is becoming more and more evident as years pass by, and we won’t be surprised if one day, traditional money transfer companies phase-out.

Digital money transfer is very convenient. It’s easy and simple to use. Needless to say, some (if not most) of them allows you to receive and use your money right away regardless of the money was sent locally or internationally.

Now, these days, there are a lot of digital money transfer platforms, some of them cater not only to local money transfer but internationally as well.

One of the more popular international money transfer service providers these days is TransferWise. If you are a freelancer, most likely, you have already heard or have used it already.

If you haven’t, then, this TransferWise review is perfect for you because, in the following sections, we are going to talk more about what TransferWise is all about.

In particular, we are going to tackle the following:

  • What is TransferWise?
  • How does TransferWise work?
  • What currencies can you send and receive through Transferwise?
  • How to use TransferWise?
  • How to sign up for a TransferWise account?
  • What are the fees and charges involved?
  • What are the benefits of using TransferWise?
  • What are the downsides of using TransferWise?
  • Is TransferWise safe?


TransferWise originated in London. It was established in 2010 by two financial gurus namely, Taavet Hinrikus and Kristo Kaarmann. Both of them have very impressive business and financial backgrounds.

TransferWise was created to provide online money transfer services, which allows users to send and receive funds for both personal and business reasons.

Unlike other international digital money transfer service providers, TransferWise is compatible with a wide range of currencies (over 750 currencies to be more specific), which makes it an ideal choice particularly among freelancers from different parts of the world.

Apart from the fact that it carries a wide range of currencies, TransferWise has also earned popularity among digital money transfer users because it offers a cheap way to send money specifically from the United Stated to about 80 countries worldwide.

Exciting things about this company do not end there!

Furthermore, TransferWise offers the best exchange rates you will ever find. Needless to say, users can do fund transfers in different ways like through a bank account or credit card. However, the recipient has to have a bank account in order to receive the money sent by the sender.

TransferWise, while it is easily accessible through its website, does have an amazing app as well, which is available for both iOS and Android users.

TransferWise has definitely up their game when it comes to international digital money transfer services, and in the succeeding sections in this TransferWise review, you’ll know more exciting information about what this company has to offer.


Now that you already have an idea about what TransferWise is all about, let’s proceed with how this digital money transfer service provider actually works.

First of all, as a user, you have to ensure that you transfer funds through bank transfer to your TransferWise account.

Once the funds are already in your TransferWise account, you can now start sending money wherever in the world. In the same way that once you’re done creating your account, you can automatically start receiving money from other locations.

By the way, here’s an important detail you must know especially when sending money to other parts of the world with a different currency.

Before sending money, you can check the conversion rates using TransferWise’s price comparison tool. The tool will show you rates from different providers, which proves how TransferWise truly cares about finding you the best rate possible.

Once you’re good with the conversion rate, you may now proceed with providing the recipient’s name and local bank details. In some cases, you may need to verify your identity or may be asked to provide additional documentation to proceed with the transaction.

You will then have to pay a minimal fee for the transaction. Once done, TransferWise will take care of the rest, and send the funds to your receiver as quickly as possible.

For a more thorough explanation of how TransferWise works, check the video below:

TransferWise works as an Electronic Money Institution, which is licensed in the United Kingdom as well as in other jurisdictions where the company operates.

Meanwhile, for its operations, TransferWise has partnered with the world’s best and biggest banks across the globe.


As a TransferWise user, it is important to know what currencies you can send and receive money to and from.

For your reference, see the list below:

Send and Receive Money

  • AUD – Australian Dollar
  • BGN – Bulgarian Lev
  • BRL – Brazilian Real
  • CAD – Canadian Dollar
  • CHF – Swiss Franc
  • CZK – Czech Koruna
  • DKK – Danish Krone
  • EUR – Euro
  • GBP – Pounds Sterling
  • HKD – Hong Kong Dollar
  • HRK – Croatian Kuna
  • HUF – Hungarian Forint
  • JPY – Japanese Yen
  • NOK – Norwegian Krone
  • NZD – New Zealand Dollar
  • PLN – Polish Złoty
  • RON – Romanian Leu
  • SEK – Swedish Krona
  • SGD – Singapore Dollar
  • USD – US Dollar

Send Funds Only

  • AED – Emirati Dirham
  • BDT – Bangladeshi Taka
  • CLP – Chilean Peso
  • CNY – Chinese Yuan
  • COP – Colombian Peso
  • GEL – Georgian Lari
  • IDR – Indonesian Rupiah
  • ILS – Israeli Shekels
  • INR – Indian Rupee
  • KES – Kenyan Shillings
  • KRW – South Korean Won
  • LKR – Sri Lankan Rupee
  • MAD – Moroccan Dirham
  • MXN – Mexican Peso
  • MYR – Malaysian Ringgit
  • NGN – Nigerian Naira
  • PEN – Peruvian Sol
  • PHP – Philippine Peso
  • PKR – Pakistani Rupee
  • RUB – Russian Ruble
  • THB – Thai Baht
  • TRY – Turkish Lira
  • UAH – Ukrainian Hryvnia
  • VND – Vietnamese Dong


TransferWise is an all-online international money transfer service provider, which means your TransferWise personal account or your TransferWise business account can be opened entirely online.

You can access your TransferWise account through the website or through its mobile application, which is accessible to both iOS and Android users.

Although TransferWise is not specifically a bank, users can order a TransferWise debit card, which works like any other MasterCard debit card. The debit card can also make your TransferWise transactions simpler and more convenient.


In this section of our TransferWise review, we are going to talk about how you actually sign up for a TransferWise account.

If there is one thing we can assure you of, signing up for an account with TransferWise could not be easier and quicker.

To sign up, all you need to do is to go visit the official website of TransferWise, and then click “Register”.

You will then be asked to choose if you are going to open a personal account or a business account (this option is very popular among freelancers and business owners).

Once you’ve chosen your preferred type of account, you have the option to sign up using your Google, Apple, or your Facebook account. Otherwise, you may opt to use your preferred email address, and then, create a unique password.

You will then be asked to verify your account. Although, you can delay this process and do it later on.

You may now proceed with the verification process wherein you will be asked to provide a valid ID as well as proof of address.


TransferWise is known as the “Robin Hood” of international payment providers because of the kind of service it provides. Needless to say, TransferWise has made the cost of sending money worldwide cheaper than everyone else in the market.

Fees and Charges

The cheapest option to send money is by sending the funds from your TranssferWise account. Currently, the service incurs a fee of only around 0.4% of the total amount of money you are sending.

Meanwhile, if you choose to use your TransferWise debit card to send money, it would incur a fee of about 0.7% of the total amount you are sending.

TransferWise charges a small fee for converting currencies that you do not hold in your account. The fee is set between 0.33% and 3.56%.

Furthermore, unlike other international digital money transfer service providers, TransferWise does not add a margin to the exchange rate, which is also the reason why you get a cheaper rate than those offered by traditional banks as well as money exchanges.

Additionally, it is important to note that the same rates and fees apply to all TransferWise customers.

What’s nice about TransferWise is that you are not blindsided when it comes to fees and charges. Everything is presented upfront and explained clearly, which, unfortunately, is not the case in other online money transfer service providers.

Minimum and Maximum Amounts

There are people who are wary when it comes to choosing an online money transfer service because of the minimum amounts required.

With TransferWise, though, they only require a minimum of 1 U.S. dollars, which basically means users can send the platform to send smaller amounts of money as compared to its competitors in the market.

More so, if you need to send a larger amount of money, TransferWise does cater to it as well. In fact, the maximum amount you can send using this online money transfer service provider is up to one (1) million U.S. dollars.

However, it is important to take note that sending larger sums of money means you have to comply with your bank’s regulations. There is some that limit the amount of money you can transfer in a day.


This TransferWise review will not be complete without us tackling the pros and cons of using this international money transfer platform.

But first, let’s talk about the benefits of using TransferWise, which include the following:

  • Low Fees. As we’ve mentioned, TransferWise has one (if not the lowest) of the lowest fees in the online digital money transfer industry. The fixed cost to a lot of countries is a combination of a flat amount, which costs $1 and a percentage of slightly less than 1% of the amount to be transferred.
  • Fast Delivery. With TransferWise, you get to receive money as quickly as possible using a debit or credit card regardless of your location.
  • No Rate Markups. Contrary to other banks and money transfer providers, TransferWise does not charge an exchange rate markup on its transfers.
  • No Monthly Charges. Unlike other platforms, TransferWise does not charge monthly service fees.
  • No Minimum Balance Required. TransferWise does not require its users to maintain a minimum balance, which means you can leave your account with zero or a few money without having to suffer certain consequences.
  • High Daily Sending Limit. Unlike other online money transfer service providers, TransferWise has a higher daily sending limit which is up to $50,000 per transfer for a personal account, and $250,000 per transfer for a business account.
  • Quick Sign Up and Verification Process. Signing up for a TransferWise account was made easy and quick. No hassle, definitely.
  • Easy to Use Mobile App. TransferWise provides an easy to use mobile application, which is available for both iOS and Android users.
  • Top-of-the-Line Security Measures. TransferWise understands the value of keeping all your information and your money secured, thus, rest assured that the platform uses the best security measures possible.


In the last section, we provided you with some of the key benefits of using TransferWise for your online money transfer transactions both locally and internationally.

Meanwhile, in this section, we are going to provide you with some of the downsides of the platform. As we always say – there’s no such thing as perfect, and TransferWise is not perfect as well.

Some of the cons of using TransferWise include:

  • Slower Bank Transfer Delivery. Unfortunately, TransferWise has slower bank transfer delivery times as compared to other digital money transfer providers out there. Transfers funded using bank accounts can sometimes take over a week because each step (receiving, converting, and delivering) can take days. However, it is quicker for countries like Germany, the United Kingdom, Mexico, and India.
  • U.S. Phone Support is Limited. Unlike other online money platforms in the market, TransferWise’s phone support in the United States is limited to regular business hours only. You can only reach the customer service hotline from 9 in the morning to 5 in the afternoon ET during weekdays.
  • Slightly Higher Fees. For transfers paid using credit card or debit card, TransferWise charges a bit higher as compared to other service providers out there.
  • No Cash Pick Up. Unlike some of its competitors, TransferWise does not offer a cash pick up option. The money sent only goes directly to the receiver’s bank account.


Of course, this review on Transferwise has to tackle the security and safety of this platform.

Overall, we got to say that TransferWise is completely safe. In fact, it has been offering reliable money transfer service across the glove for ten years now.

Upon checking online reviews by users, a lot of them praise TransferWise not only for ease of use but more importantly, for secure transactions.

As mentioned earlier, TransferWise uses top-of-the-line security measures to ensure your information and your money is safe. These measures include:

  • In-house 24/7 Digital Security – Unlike other companies, TransferWise does have its own 24/7 security team tasked to constantly monitor transactions to avoid fraud and other sketchy online activity.
  • Two-factor Authentication Process – With the two-factor authentication process in place, it makes you the only person who can access your account. Furthermore, if you opt to use the mobile app, you can choose to turn on biometric locks for added security.
  • Bank-level Data Encryption and Storage – TransferWise uses the same practices that banks follow to ensure the security of your information.
  • Adherence to Regulatory Agencies – TransferWise is accredited by all required local and global regulatory agencies, which hold the company to strict operating standards.

With all these (and more) in place, every TransferWise user is assured that all information, as well as transactions made within its platforms, are secured and safe.


TransferWise is one of the popular international money transfer service providers today, and given all the information we provided, it is not surprising at all that they’re one of the people’s top choices.

Although TransferWise does have its share of downsides, we thought the benefits still overpowers it all. At the end of the day, TransferWise offers good service at a very reasonable price. Needless to say, exchange rates are pretty good as well as compared to other similar service providers.

With all the information we’ve shared, how do you see TransferWise? Do you think it’s the right money transfer provider for you?

Because if you were to ask our opinion, we got to say that —

TransferWise is the best choice especially for people who want low costs, at the same time, a solid web experience when it comes to sending funds internationally.

Investment Apps and Websites

Transferwise Vs Xoom: The Best Online Money Transfer Provider For You

When it comes to online money transfer, there are two names that have gone popular because of their amazing services, thus battling off Transferwise vs Xoom. These online money transfer platforms have been two of the most trusted names in the industry. Let’s find out how both fair from each other.

Transferwise vs Xoom a comparative review

If you are working from home or working as a freelancer, or perhaps you are the boss hiring people from other parts of the world, most likely you have already encountered different online money transfer platforms, and perhaps the very reason why you are reading this is that you are looking for the perfect tool to be able to either receive or send money, respectively.

Online money transfer platforms like Transferwise and Xoom are just two of the most well-known and commonly used tools to send and/or receive money. But which among the two is better? That is exactly what we are going to talk about today.


But before that, allow us to share with you first some very interesting facts from Statista about digital remittances where both Transferwise and Xoom falls:

  • First, they found that the transaction value in the Digital Remittances segment amounts to US$21,297m in 2020;
  • Second, the transaction value is expected to show an annual growth rate (CAGR 2020-2023) of 12.6% resulting in the total amount of US$30,423m by 2023;
  • Third, by 2023, the number of users is expected to amount to 2.4 million;
  • Fourth, the average annual transaction value per user in the Digital Remittances segment amounts to US$13,315.0 in 2020; and
  • Lastly, the highest transaction value in this segment in the world is reached in the United States (US$21,297m in 2020).

So, why are we sharing these with you? Well, we want to make a point here. We want you to know that digital remittance is becoming big. Well, it is not surprising, to be honest, given the fact that it is very convenient, and that it is very easy. Everything can be done in just a couple of clicks. Plus! The big plus is that the rates are quite reasonable.

Of course, rates vary from one platform to another, but to be fair, if you come to think about it, given all the factors like convenience, time, and effort, the money you pay for every transaction is worth it.

Anyway, later on, we are going to tackle that particularly on these two platforms we are making a comparative review today.

Having said that, we are going to tackle the following in particular:

  • What Transferwise and Xoom are all about?
  • Fees
  • Exchange Rates
  • Ease of Use
  • Security
  • Countries Covered
  • Customer Service Support
  • Pros and Cons


Before we proceed to a more detailed comparative review, here’s a quick look at how different or similar both Transferwise and Xoom are from one another:

Transfer Type Online Only Online Only
Fee ~0.5% $5 to $11
Minimum and Maximum Transfer Amount Minimum: $1 Maximum: $199,999 Minimum: $10 Maximum: $10,000
Money Transfer Speed 1-2 Days Within minutes to a few days
Regular Payments Yes None
Currencies 45+ currencies 130+ currencies
Payment Methods Bank transfer, credit card, debit card Bank transfer, credit card, debit card
Receiving Options Bank Account Only Bank Transfer, Cash Pickup, Home Delivery
Mobile App Yes Yes


To begin with, our thorough review of both Transferwise and Xoom, let’s take a look at each company. It is important for any user or customer to make time to get to know the company first before you start using it especially when money is involved.

We understand how hard it is to earn money, thus, it is vital to ensure that you are using a dependable and secured money transfer platform especially since it is online.

So, here’s a little information about both companies.


Transferwise is a British online money transfer company based in London. It was founded back in January 2011 by Estonians Kristo Käärmann and Taavet Hinrikus.

Dubbed as the “Robin Hood” of the money transfer industry, the company supports more than 1,000 routes all across 49 currencies. Furthermore, Transferwise is one of the very few companies that offer a true mid-market rate.

Transferwise focus on ensuring that bank transfers are affordable than any traditional banks by charging reasonably low and transparent transfer fees, at the same time, converting money at the true mid-market exchange rate.

To put it simply, there is zero markups on the exchange rate.

As of today, Transferwise supports sending money to 71 countries, and sending money from 43 countries.

Overtime, Transferwise has become one of the top choices if not the top choice when it comes to international money transfers. On top of that, the company is also known for its excellent customer service, and for providing a spectacular user experience (from an easy sign-up process to very efficient money transfers).

While some users find it too good to be true, well, that is precisely what Transferwise is all about — it is good, and that it is true as well. No wonder why the company has massively grown to what it is today.

If you are interested to know more about Transferwise, here’s an informative video by CreativeNomad TV for your reference. Watch the video by clicking the play button below:


Xoom Corporation or popularly known as simply Xoom is an electronic funds transfer or remittance provider that lets consumers send money, pay bills, at the same time, reload mobile phones from the United States, Canada, and Europe to more than 130 countries all over the world.

With Xoom, you can pay using your debit or credit card, or your bank account.

Depending on the country you are sending money to, the money can be received either in cash form, airtime top-up, or simply be deposited in a particular bank account that supports Xoom money transfer.

As earlier mentioned, Xoom can also be used to pay bills particularly in 10 countries, which include Colombia, Jamaica, Honduras, Mexico, Guatemala, Costa Rica, Dominican Republic, El Salvador, Nicaragua, Panama, and Vietnam.

Interestingly, Xoom is owned by a very popular online money transfer company, PayPal. Thus, the services of both platforms are integrated, which means you can use a PayPal-linked bank account, credit card or debit card.

Apart from their website, Xoom is also available in a mobile app form and it is available for both iOs and Android users.


Back in the days, people from different parts of the world can only send money through banks or money transfers. Good thing online money transfer companies were established. They have brought an amazing change in the money transfer industry. It definitely made transferring money so much easier and more convenient.

Anyway, but just like any services, online money transfer companies do charge for certain fees. Let’s take a look at how Transferwise and Xoom differ when it comes to this aspect.


As stated on the Transferwise website, the cost of a transfer depends on three important things. These are the amount you’re sending, how you pay, and the exchange rate.

With regard to the amount of money you are sending, the more money you spend, the higher your transfer cost will be. According to Transferwise, that is because “TransferWise fee is worked out as a percentage of the amount you’re sending.” Note that the percentage depends on currency to currency. There is an exception though when you are sending a smaller amount of money. For this, Transferwise charges a cheap, minimum fee.

Now, as to how you pay, this varies depending on where you are sending from. Meanwhile, for the exchange rate, Transferwise ensures you always get the mid-market rate. According to their website, “It’s the one banks use to trade between themselves.”


Same with Transferwise, Xoom’s rate will depend on three things — the amount you transfer, the method of payment, and the destination country.

While there are counties that do not attract any fees, this only applies to those paying using a bank account and that the transfer amount exceeds a predetermined threshold.

Normally, payments that were made using bank accounts do have lower fees as compared to making payments using either a debit or credit card.

If you want to find out how much your transfer might cost, Xoom has an online calculator where you can check that out.


This time around, we are going to look into both platforms’ exchange rates. Let’s see which one is better when it comes to foreign exchange rates.


As mentioned earlier, Transferwise uses mid-market rates, which means the rates are very close to the prevailing market rates. If you want to know though how much the recipient will get ones you make a transfer or vice versa, the company has a calculator, which can be accessed through its website. You can use the tool to check the current exchange rates.

Transferwise will, however, inform you of the actual exchange rate you will get before you make the transfer. Furthermore, the website lets you monitor fluctuations between two currencies.

Furthermore, you can avail of a free sign up for free alerts if you want to keep updated regarding foreign exchange rates on Transferwise.


Just like Transferwise, Xoom does also has an exchange rate calculator, a tool that you can use if you want to have an idea regarding the exchange rates.

Nonetheless, you will know about the rate through the deal confirmation.


One of the things that we look up to when using an online money transfer platform is the ease of use. While rates and exchange rates are important, how easy to navigate the platform is also a very important deciding factor.

Having said that, here’s what we found:


Transferwise is available both on mobile and desktop. You can also make money transfer using either the mobile app (available for both iOs and Android users) or the website. By the way, if it may help, the Transferwise website can be used in different languages, which include English, German, Spanish, French, Italian, Hungarian, Polish, Portuguese, Russian and Japanese.

In terms of the registration process, it is very easy. In fact, you can even use your Google or Facebook account in making an account. When signing up, you can sign up according to how you opt to use the account whether as an individual, a business, or an online seller.

Furthermore, Transferwise allows you to pay using a credit or debit card, or through an electronic bank transfer.


Just the same, Xoom is available using either your smartphone or desktop computer. The mobile app version is also available for both iOs and Android users. Meanwhile, their website can be accessed in French, Spanish, Portuguese, Chinese, and Vietnamese.

Signing up with Xoom is also very easy. It takes just a few clicks to be able to complete the whole registration process.

When it comes to transferring funds, you can transfer money to a bank account, send money to a cash pick-up center, or you can top off mobile phones.

Good thing for U.S. residents, you can also use Xoom to pay bills originating from different countries.


When we talk about online money transfer, another thing that we take into consideration is the safety and security not just of our personal information, but the money itself. Having said that, here’s what we found about both Transferwise and Xoom’s security features.


Transferwise secures the information you provide online by using high levels of encryption.

Apart from that, if you use your Google account in signing up, you get to take advantage of a two-factor authentication system, which means double the security. Just the same though, Transferwise security has already added two-factor authentication to further their security and safety features.

To add, Transferwise’s operations are regulated by the UK Financial Conduct Authority (FCA).


Just like Transferwise, Xoom also provides a high level of encryption to ensure the security and safety of your account.

Furthermore, it does have the required licenses to operate as an overseas money transmitter, which is issued by different state regulatory bodies in the United States.

Xoom is also registered with the U.S. Financial Crimes Enforcement Network (FinCEN).


Transferwise and Xoom do have their respective list of countries they serve. If you want to know what countries you can send money to, just like below links:

TransferwiseList of Supported Countries

Xoom List of Supported Countries


Another important aspect when choosing the best online money transfer platform is the dependability and availability of customer service support. Since everything is done online, it is important that someone out there is always ready to help should the user encounters problems while making a transfer, receiving money, or other technical issues.


Transferwise has a live chat, email, as well as phone support that are all available to all — yes, even to non-customers. As mentioned earlier, Transferwise is also known for having excellent customer service support. No wonder as it is very easy to get in touch to one when a problem arises

They do have FAQ and help center as well.


Unlike Transferwise, Xoom does only has email and phone support. Nevertheless, it’s easy to get in touch with customer service support. Also, the FAQ and help center is also available for use.


This comparative review between Transferwise and Xoom will not be complete without sharing with you the pros and cons of both online money transfer providers.

For some, the pros and cons are the ultimate deciding factors. Having said that, here’s what we found from both platforms:


They make transferring money simple. Apart from their website, and mobile app, they do have a new Transferwise bot, which is available through Facebook Messenger.  

It offers the ability to carry out batch payments for up to 1,000 recipients, which is ideal for freelancers or self-employed individuals.  

It is available both on mobile and desktop. The mobile app is available for both iOs and Android users, while the website is available in English, French, German, Italian, Japanese, Hungarian, Polish, Portuguese, Russian and Spanish.  

They do have excellent customer service support, which is available through live chat, email, or phone.
It does not accept outbound payments from certain places.

Hardly comparable to other online money transfer providers because of the fees.  

Some customers have a concern regarding the verification of identity.


It can transfer money on-the-go through its mobile app, which is available both for iOS and Android users.  

Money transferred can be delivered through a bank account, in cash, reload airtime, or paying utility bills.  

It provides same-day money transfers in a lot of countries.  

Have a daily maximum limit amounting to $10,000.  

Actively responds to queries and issues through Trustpilot.
There’s a minimum fee for credit cards amounting to $4.99.  

There’s no live chat customer service support.  

They do have higher markups on exchange rates compared to most of its competitors.


Both Transferwise and Xoom have gained popularity for a number of reasons. Both have their respective highs and lows, highlights and downsides, pros and cons. Nonetheless, they are equally excellent in what they do – online money transfer.

Transferwise and Xoom are just two of the many companies that provide online remittance services with ease. Because of these companies, sending and receiving money wherever you are in the world was made possible, and it is just amazing, really.

Have you chosen your preferred online money transfer yet?

As with us, with regards to which between Transferwise vs Xoom is better, we got to say that it depends on the user. Both are good, trusted, and efficient. When it comes to rates though, we got to say it has to be Transferwise. However, with regard to the speed of money transfer, Xoom does it better. Again, it will all depend on you, the user.