XE Money Transfer vs Monzo - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like XE Money Transfer and Monzo have emerged as leading choices. Both XE Money Transfer and Monzo online platforms offer efficient and cost-effective and secure international money transfers from XE Money Transfer and Monzo.

We compare XE Money Transfer vs Monzo into the unique features and benefits that distinguish XE Money Transfer vs Monzo, empowering you to make an informed decision based on your specific transfer needs like XE Money Transfer vs Monzo fees, currencies available, available payment methods on XE Money Transfer compared to Monzo, support options offered by XE Money Transfer vs Monzo, speed and more.

XE Money Transfer vs Monzo: Quick Feature Comparison

  1. Visit XE Money Transfer alternative XE Money Transfer Visit XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit XE Money Transfer alternative Monzo Visit Monzo

    Used By: 5,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, phone contact
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

XE Money Transfer vs Monzo: Pros and Cons

XE Money Transfer vs Monzo
Advantages

XE Money Transfer Advantages Monzo Advantages
  • XE Money Transfer has been serving clients for over 31 years
  • XE Money Transfer is well rated among clients.
  • XE Money Transfer is available internationally.
  • XE Money Transfer has multiple currency options.
  • XE Money Transfer provides phone customer support.
  • XE Money Transfer provides email customer support.
  • XE Money Transfer is available to iOS Apple device users.
  • XE Money Transfer is available to Android mobile device users.
  • Monzo boasts a high rating for sending money.
  • Monzo provides phone support.
  • Monzo offers registered customers email support.
  • Monzo has a Apple iOS app on Apple app store.
  • Monzo offers a Android Google Play Store mobile app.

XE Money Transfer vs Monzo
Disadvantages

XE Money Transfer Disadvantages Monzo Disadvantages
  • XE Money Transfer has no PayPal support.
  • XE Money Transfer has no Neteller payments support.
  • XE Money Transfer has no Skrill payment support.
  • XE Money Transfer does have a mobile digital wallet like some others.
  • No home delivery with XE Money Transfer.
  • No cash pickups with XE Money Transfer.
  • No money order support with XE Money Transfer.
  • No live chat support with XE Money Transfer.
  • Monzo has no PayPal option.
  • Monzo has no Neteller option.
  • Monzo has no Skrill option.
  • Monzo is not available is as many regions as some other providers.
  • Monzo has few fiat currency then some others.
  • No digital wallets with Monzo.
  • No Monzo home delivery.
  • No Monzo Cash pickups.
  • No Monzo money order option.
  • No Monzo Livechat.

XE Money Transfer vs Monzo Fees and Other Costs

Fee type XE Money Transfer Fees Monzo Fees
Transfer Fees none none
Min Transfer US$1.00 none
Max Transfer US$500,000.00 (or equivalent) 10000 GBP
Payment Methods Bank transfer, credit card, debit card bank transfer, phone contact
Currencies AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU GBP

XE Money Transfer vs Monzo Restricted Countries

XE Money Transfer Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Monzo Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

XE Money Transfer vs Monzo Transfer Speeds

Transfer Speed XE Money Transfer Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

XE Money Transfer vs Monzo Languages

XE Money Transfer Supported Languages

English, German, Spanish, French, Portuguese, Italian, Swedish, Chinese (Simplified), Chinese (Traditional), Arabic

Monzo Supported Languages

XE Money Transfer vs Monzo Verdict - Which is better?

Which is best out of XE Money Transfer and Monzo depends on your needs.

  • XE Money Transfer vs Monzo Transfer Fees: Transferring money with XE Money Transfer costs none while Monzo charges none.
  • XE Money Transfer vs Monzo Supported Currencies: XE Money Transfer deals in over 1, where as Monzo offers transactions in 1.
  • XE Money Transfer vs Monzo Payment Methods: XE Money Transfer accepts Bank transfer, credit card, debit card, while Monzo allows transactions via bank transfer, phone contact.
  • XE Money Transfer vs Monzo Transfer Limits: XE Money Transfer allows transfers between US$1.00 and US$500,000.00 (or equivalent). Monzo's range is none to 10000 GBP.
  • XE Money Transfer vs Monzo Minimum Age for Account Creation: XE Money Transfer requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach XE Money Transfer at 441753441844 and Monzo at 00 44 20 3872 0620.
  • XE Money Transfer vs Monzo Countries of Operation: XE Money Transfer operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • XE Money Transfer vs Monzo Client Base: XE Money Transfer is used by 280,000,000, where as Monzo serves 5.
  • XE Money Transfer vs Monzo Year Founded: XE Money Transfer was established in 1993 and Monzo began its operations in 2015.
  • XE Money Transfer vs Monzo Customer Rating: XE Money Transfer holds a rating of 4, in contrast, Monzo has a rating of 3.
  • XE Money Transfer vs Monzo Headquarters: XE Money Transfer has its headquarters at Newmarket, Canada, while Monzo is based at London, UK.
  • XE Money Transfer vs Monzo Employee Count: XE Money Transfer employs 350 individuals, where as Monzo has a team of 1,551.
  • XE Money Transfer vs Monzo Estimated Annual Turnover: XE Money Transfer turnover stands at 10000000000USD, while Monzo boasts a turnover of 80000000.
  • XE Money Transfer vs Monzo Founder: XE Money Transfer was founded by Jeff Boss, holding the position of Chief Financial Officer. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • XE Money Transfer vs Monzo Supported Languages: XE Money Transfer offers support in over 1 languages. Monzo communicates in 1.

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XE Money Transfer vs Monzo Alternatives Guides

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Screenshots

XE Money Transfer Screenshot

XE Money Transfer Screenshot

Monzo Screenshot

XE Money Transfer Screenshot