Revolut vs Xoom: which is better for sending money abroad?

Elizabeth McGrath

 · 10/21/2021  · 10/21/2021

Sending money abroad is expensive. Traditional big banks charge high fees on international transfers that can make it seem unaffordable to send money when you need to. It helps that there are so many service providers on the market, but sometimes it’s hard to tell what the best option is.

So let’s break it down and cut through all the technicalities. In the hot seat today is Xoom, a PayPal service.

Revolut vs Xoom: FX rates and fees

Revolut uses current exchange rates and does not charge an extra fee for exchanging one currency to another. Revolut determines its exchange rates by gathering buy-and-sell rates and foreign exchange market data feeds from independent sources, giving you an exchange rate based on  current market data.

However, Xoom charges an additional fee every time it changes your sent currency into a different currency. Compared with Revolut, this makes Xoom’s exchange rates generally worse due to its markup rates.

Revolut charges additional fees in certain select situations, for example, on select currencies (currently, only the UAH and TBH) or on currency exchanges made during weekend hours. The only time you’ll pay more for most international transfers is if you exceed the exchange fair usage limit of £1,000 a month for a Standard or Plus account. If the usage limit is exceeded, a fee of 0.5% will apply. You can avoid this completely by upgrading to a paid Premium or Metal plan, which each have unlimited fair usage allowances.

Take a look at the table below for how much your recipient would receive if you sent £1000 GBP in some of the most common currencies as a Standard customer.

Revolut vs Xoom: Transfer Fees

Both Xoom and Revolut don’t charge transfer fees for international bank transfers from the US.

However, Xoom’s FX markup far exceeds the cost of Revolut’s transfer fees, making Revolut’s transfer fees almost negligible.

With Revolut, users can send up to 10 international transfers per month, fee-free!

Take a look at the table below for how much your recipient would receive if you sent $1000 USD in some of the most common currencies as a Standard customer.

If you convert $1000 to this currency and make a transfer in a local currency

Your recipient will receive this much using Revolut 

Your recipient will receive this much using Xoom with PayPal balance

You would have saved approximately this much using Revolut

MXN

M$19,989.14 

M$19,642

~ $17

INR

₹73,699 

₹72,763

~ $12

PHP

₱50,316 

₱48,351

~ $39

EUR

€851.42 

€834.20

~ $20

CAD

C$1,264.79 

C$1,235.80

~ $23

GBP

£727.23 

£709.60

~ $24


This comparison shows the cost of a transfer for a Standard Revolut user. This means someone on one of our entry level free plans. You may receive better rates from us if you are on a paid Premium or Metal plan. The pricing in this table was collected on and is accurate as at September 23, 2021.

Verdict: Which is better for sending money abroad?


When comparing the amount the recipient receives across both service providers, Revolut is the clear winner.

Revolut has better exchange rates than Xoom, because Xoom charges an additional fee for currency exchange. The difference the recipient would receive between the two providers is quite substantial. Revolut is ultimately the cheaper option.

Revolut has no hidden fees and offers great exchange rates, making it simpler and more affordable to send money abroad. Just choose how much you want to send and where to. We’ll take care of the rest.

Want to learn more? Here’s everything you need to know about making international money transfers with Revolut.