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To give you an idea of how much you could save, we've compared our rates and fees with some of UK's main banks.
We work with independent third-party market research companies to gather data on price and fees. These exchange rates were obtained online at 12:00pm on Thursday 6th February 2020 based on sending an international money transfer of £10,000 in €s. Results have been ranked by the amount you would receive not including any additional fees.
*Charges may occasionally be applied by a third party bank when transferring the funds to Xe Money Transfer or before the funds arrive in the recipient account.
On a scheduled basis, Xe works with independent third-party market research companies to gather data on pricing and fees. These companies request and gather online money transfer quotes from XE and from a sample of banks for a specified transaction amount; for defined currency pairs and within a 2 minute period. These were indicative at the time the comparison was made. Get a real time quote from Xe.
Transaction details are recorded and supplied to Xe, including:
The money transfer exchange rate:
Xe Money Transfer (1.1673), Natwest (1.1512), Barclays (1.1460), HSBC (1.1410), Lloyds (1.1366)
2. The quantities of Buy and Sell currencies:
10,000 GBP (£) to EUROs (€)
3. The time and date that the exchange rate was quoted:
These exchange rates were obtained online at 12:00pm on Thursday 6th February 2020
4. Any additional fees charged by the provider:
Xe Money Transfer (£0), Natwest (£15), Barclays (£0), HSBC (£0), Lloyds (£0)
The FX margin or spread is the revenue earned by the business when buying or selling the Foreign Currency. For the purposes of this comparison we have calculated the FX margin to be a percentage between each provider’s money transfer rate and the mid-market rate on Xe.com. The GBPEUR mid-market rate, at the time of quote was 1.1673, so the FX margin for Xe Money Transfer can be calculated as 0.96%.
HiFX Europe Limited, trading as XE. HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017, registration 462444, for the provision of payment services. HiFX Europe is a limited company registered in England and Wales. Registered number: 3517451. Registered office: Maxis 1, Western Road, Bracknell, Berkshire RG12 1RT.