Remitly vs Xe
Which provider is better for sending money from the USA to India? Compare fees, exchange rate margins, delivery speed and what your recipient actually receives.
The bottom line: sending $1,000 from the USA, Remitly delivers ₹94,791 and Xe ₹94,125, so your recipient gets ₹666 more with Remitly. Remitly charges no fee with a margin of about 0.35% in its rate, paid by ACH bank debit; Xe charges no fee with a margin of about 1.05% in its rate, paid by ACH bank debit.
Quick verdict
Choose Remitly if you want…
- Express speed & introductory promotions
- Express mode delivers to Indian bank accounts via UPI in minutes
- Introductory promotional exchange rate on the first qualifying transfer
- Standard exchange rates after introductory promotions include a currency margin of roughly 0.3% to 1.3%, depending on the sending country
Choose Xe if you want…
- Bank-to-bank transfers & exchange rate tracking tools
- Zero upfront wire fees on transfers above $500
- Deep integration with reputable currency analysis and rate tracking charts
- Exchange rate margin is built into the retail rate (typically 0.8% to 1.5%)
What your recipient gets at each amount
Indicative net rupee payouts for USD → INR transfers, based on published fee schedules and benchmark snapshots.
Score breakdown, side by side
Each provider's TransferGauge Score across the seven weighted dimensions. How we score
Side-by-side details
| Metric | R Remitly | XE Xe |
|---|---|---|
| Exchange rate model | Retail rate, +0.35% margin | Retail rate, +1.05% margin |
| Transfer fees | Transfers paid from a bank account carry $0 fees for amounts of $1,000 or more from the US, UK, Canada and Australia. Debit card transfers can carry a fee (SGD 3.99 from Singapore). Revenue comes mainly from an exchange rate margin of roughly 0.3% to 1.3%. | Xe charges $0 transfer fees on most bank-funded corridors. Transfer costs are covered through a spread of 0.8% to 1.5% between wholesale rates and customer rates. |
| Typical delivery | Express delivery with debit card credits Indian bank accounts or UPI IDs within minutes. Economy transfers take 3 to 5 business days. | UPI transfers settle within 1 to 2 hours. Standard bank wire clearing delivers in 1 to 2 business days. |
| Receiving methods | Bank accountUPICash pickup | Bank accountUPICash pickup (not supported) |
| Routes to India | 5 corridors | 6 corridors |
| Headquarters | Seattle, WA, USAFounded 2011 | Newmarket, ON, CanadaFounded 1993 |
| Full review | Read Remitly review | Read Xe review |
Summary advice
On our $1,000 USD → INR benchmark, Remitly earns the higher TransferGauge Score (96 vs 88). The better choice still depends on your amount, how your recipient wants to be paid, and how quickly the money needs to arrive.
All figures are indicative benchmarks. Always verify live rates, fees and delivery options on the provider's website before sending money.
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