Xoom vs Monzo - Who is better? [UPDATED 2024]

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

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

Xoom vs Monzo: Quick Feature Comparison

  1. Visit Xoom alternative Xoom Visit Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

  2. Visit Xoom 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

Xoom vs Monzo: Pros and Cons

Xoom vs Monzo
Advantages

Xoom Advantages Monzo Advantages
  • Xoom has been serving clients for over 23 years
  • Xoom is available internationally.
  • Xoom provides home money transfer deliver for some customers.
  • Xoom supports money transfer cash pickups.
  • Xoom provides phone customer support.
  • Xoom provides email customer support.
  • Xoom is available to iOS Apple device users.
  • Xoom is available to Android mobile device users.
  • 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.

Xoom vs Monzo
Disadvantages

Xoom Disadvantages Monzo Disadvantages
  • Xoom has no Neteller payments support.
  • Xoom has no Skrill payment support.
  • Xoom does not have as many fiat currency transfer options as some other providers.
  • Xoom does have a mobile digital wallet like some others.
  • No money order support with Xoom.
  • No live chat support with Xoom.
  • 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.

Xoom vs Monzo Fees and Other Costs

Fee type Xoom Fees Monzo Fees
Transfer Fees 0$-40$ none
Min Transfer US$10.00 none
Max Transfer 2999 USD/day, 6000 USD/month, 9999 USD/3 months 10000 GBP
Payment Methods Bank transfer, debit/credit card, PayPal balance bank transfer, phone contact
Currencies EUR, GBP, USD, CAD GBP

Xoom vs Monzo Restricted Countries

Xoom 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

Xoom vs Monzo Transfer Speeds

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

Xoom vs Monzo Languages

Xoom Supported Languages

English, Spanish, French, German, Hungarian, Italian, Korean, Polish, Portuguese, Romanian, Russian, Chinese, Vietnamese, Dutch

Monzo Supported Languages

Xoom vs Monzo Verdict - Which is better?

Which is best out of Xoom and Monzo depends on your needs.

  • Xoom vs Monzo Transfer Fees: Transferring money with Xoom costs 0$-40$ while Monzo charges none.
  • Xoom vs Monzo Supported Currencies: Xoom deals in over 1, where as Monzo offers transactions in 1.
  • Xoom vs Monzo Payment Methods: Xoom accepts Bank transfer, debit/credit card, PayPal balance, while Monzo allows transactions via bank transfer, phone contact.
  • Xoom vs Monzo Transfer Limits: Xoom allows transfers between US$10.00 and 2999 USD/day, 6000 USD/month, 9999 USD/3 months. Monzo's range is none to 10000 GBP.
  • Xoom vs Monzo Minimum Age for Account Creation: Xoom requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Xoom at +441392694030 and Monzo at 00 44 20 3872 0620.
  • Xoom vs Monzo Countries of Operation: Xoom operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Xoom vs Monzo Client Base: Xoom is used by 250,000,000, where as Monzo serves 5.
  • Xoom vs Monzo Year Founded: Xoom was established in 2001 and Monzo began its operations in 2015.
  • Xoom vs Monzo Customer Rating: Xoom holds a rating of 3, in contrast, Monzo has a rating of 3.
  • Xoom vs Monzo Headquarters: Xoom has its headquarters at San Francisco, US, while Monzo is based at London, UK.
  • Xoom vs Monzo Employee Count: Xoom employs 4,422 individuals, where as Monzo has a team of 1,551.
  • Xoom vs Monzo Estimated Annual Turnover: Xoom turnover stands at 500000000, while Monzo boasts a turnover of 80000000.
  • Xoom vs Monzo Founder: Xoom was founded by Jennifer Wong, holding the position of MTS1 Software Engineer. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Xoom vs Monzo Supported Languages: Xoom offers support in over 1 languages. Monzo communicates in 1.

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Xoom vs Monzo Alternatives Guides

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Screenshots

Xoom Screenshot

Xoom Screenshot

Monzo Screenshot

Xoom Screenshot