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Selecting a Money Transfer Service: What Kind of Fees Can You Expect?

People who send money back home come from every income bracket, education level and industry. Some of these “remittance” senders are working lower-paying jobs and struggling to earn enough money to both survive in their adopted country and still have some left over to send to their family. Some are enjoying more prosperous careers away from home while others with an entrepreneurial spirit have started their own businesses.

Regardless of circumstance, all have one thing in common. They are working hard to ensure the best for their families and the last thing they should have to worry about is whether or not their money transfer company is charging fees that are fair. There are a number of variables that can affect fees, including rules and regulations in effect in the recipient’s country, the disbursement currency, speed of service, the type of funding source (bank account, credit or debit card) and the amount sent.

To ensure that you aren’t paying too much in up-front fees, we suggest that you find a money transfer company that offers a low flat rate or fixed fees for how and when you send. Be sure to check their website for rates to your home country – and know what that rate gets you.

As an example of one common scenario, let’s say you are sending $2,500 to Mexico or the Philippines directly from your checking account and your mother is picking up the money in local currency. Try to find a provider that charges a flat fee in the neighborhood of $5 for each transaction. Keep in mind that money sent from debit or credit cards and pickups in anything other than the local currency (such as U.S. dollars) usually results in higher fees, so you need to keep those factors in mind.

Also be sure that any prospective money transfer company can provide perfect clarity on the receiving amount, so there are no surprises after you have sent your money back home. All money transfer companies charge a set fee for a set sending amount, no matter where you live. Be sure to understand what those fees are and how guaranteed exchange rates work.

If you are sending money to a country in Latin America, one report worth checking out for a comparison of average fees charged by well-known money transfer companies in the region is available from the Inter-American Dialogue, pages 11-12.


Xoom Launches New Hispanic Television Commercials as Part of the “Better Way” Advertising Campaign

No Hablo Español” and “Roulette” join Xoom’s Award-winning Latin American Advertising Lineup

SAN FRANCISCO, CA, November 7, 2013 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, has introduced two new television commercials for the Latin American market as a part of the “Better Way” campaign launched in 2011.

The first commercial, entitled “No Hablo Español” (“I Don’t Speak Spanish”) shows a frustrated man, Oscar, who goes to a  store to send money home, but is met with a money transfer agent who says, “Umm, what?” and then “Sorry, no hablo español,” as she blows a bubble from her chewing gum,  leaving Oscar helpless.  He goes home to see his wife, Olivia, at the table with her laptop sending money through  Olivia says to Oscar: “Usa, que esta español” (“Use, it is in Spanish”).

The second commercial, “Ruleta” (“Roulette”), features Oscar, once again, entering a store to send money, asking the agent “How much does it cost to send $300?”  The agent has a spinning wheel next to her with descriptions: “too expensive,” “you pay double” and a smaller panel, “free.”  Oscar spins and comes up with “you pay double” sign and reacts “oops.”   At home, Olivia asks Oscar, “Did you send the money?” When Oscar tells her what happened, she says “Next time, use”

Sending money on is truly magical and transformative, offering senders an experience that is safe, convenient, fast and fairly priced,” says Julian King, Xoom’s Senior Vice President, Marketing and Corporate Development.  “With these two new ads, we are able to deliver these messages with likeable characters that resonate with consumers.

“Xoom’s ‘Better Way’ campaign was launched in November 2011 with more than a dozen innovative commercials airing these past two years,” King added.  Last fall, Xoom won the gold from the ANA Multicultural Excellence Awards for “Save the Pigs,” as best campaign developed to reach Hispanic consumers.

“No Hablo Español” and “Roulette” are the latest television ads from Xoom targeting the Spanish-language audience.  The commercials are running on major Spanish-language television through the end of the year.

About Xoom
Xoom is a leading digital money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the 12 month period ended September 30, 2013, Xoom’s more than 997,000 active customers sent more than $5.1 billion to family and friends in 30 countries. The company is headquartered in San Francisco and can be found online at


About Xoom Coupons

Many online sites may claim to have Xoom coupons, but the truth is Xoom never publishes coupon codes on third party websites or coupon sites.

The Xoom experience is all about providing you with the easiest, most secure and time-saving way to send money home to friends and family in the Philippines, India, Latin America, Europe, Canada, South Africa and Australia.

There are many reasons Xoom does not offer coupon codes. We provide a time-saving online money transfer service with near-instant cash pickup, bank deposits in minutes or hours to many countries, our Xoom Money Back Guarantee, and Customer Service 24 hours a day, 7 days a week, 365 days a year, where you’ll be greeted by a friendly customer team team member who speaks either English or Spanish.

Keep in mind some sites may offer you “Xoom Coupons” but this is not the case. There are some commonly used terms to look out for:

“Xoom Coupons”
“ Coupons”
“Xoom Coupon Codes”
“ Coupon Codes”

Compare the Xoom money transfer experience to the competition. Our service is an easy, secure, and convenient way to send money to a location near your family’s home or directly to your family’s bank account–all from the privacy of your home or work computer or mobile device.

Plus, Xoom always offers competitive, locked-in exchange rates, no bank landing fees, an easy, four-step send money experience in English, Spanish, and Portuguese, and of course, our TrustE-compliant website and TrustE-certified Privacy Policy.

Each of these benefits ensures a level of service that we feel supersedes the value of a coupon. All of our policies are available for you to read in the Xoom Help Center.  Although you won’t find Xoom coupon codes here, you will find many reasons to send money with Xoom. We are dedicated to serving you and providing you with the best way to send money home to friends and family!

To get started, just follow these four easy steps:

  1. Sign up or log in to your Xoom account.
  2. Select the country and amount you’d like to send and how you would your recipient to receive the money.
  3. Enter your recipient’s information.
  4. Enter your payment information and authorize.

The benefits of U.S. citizenship

When immigrants have gone through the process of becoming legal residents of the U.S., it’s quite the achievement. It takes a great deal of determination and resolve to satisfy all the requirements. Therefore, once it’s achieved, it’s understandable why so many start devoting all of their attention to finding a job so they can send money to those they love back home.

But it may be in immigrants’ best interest to take their legal residency in the U.S. an additional step by applying for citizenship.

According to immigration lawyers, there are a variety of reasons why going the extra mile for citizenship pays off. One of the biggest ones is the latitude it gives immigrants. For instance, should they want to travel or live abroad for a certain period of time, they’re perfectly free to do that as a citizen. As a legal resident, however, they’re not subject to the same standard. For instance, once legal resident immigrants return to the U.S. after travelling, they have to present a variety of documents that indicate they have a legal right to live in the country, such as by presenting their passport as well as their green card.

Another benefit of citizenship is the legal right to vote in federal and local elections. They can also run for office and be awarded grants that are only offered to U.S. citizens. Permanent residents have no such rights and can be denied from participating in elections or applying for some grants and scholarships.

While immigrants often come to the United States so they can provide for their families who still live in their home country, feelings of homesickness may lead to them to want their spouse or child to move to the U.S. As a citizen, immigrants have the ability to file a petition for their loved ones to come to the U.S. and live there permanently as legal immigrants. The process is considerably easier for citizens compared to residents.

But perhaps the best reason to become a U.S. citizen is the security it provides. As a citizen, immigrants cannot be removed or deported from the country for virtually any reason. The only way this may happen is if it’s discovered that the immigrant falsified statements and/or documents in order to obtain a green card.

These are just a few of the perks that come with U.S. citizenship. For more information on how to apply, click here.

Aug Offers Fee-Free Money Transfers to the Dominican Republic to Help Victims of Hurricane “Irene”

Help Victims of Hurricane "Irene"

Fee-Free Money Transfer Service to the Dominican Republic.

To help the victims of Hurricane Irene in the Dominican Republic,, a leading online money transfer company, announced a “Fee-Free Money Transfer” pricing initiative when sending money to the Dominican Republic from the United States.

Money transfers can be sent with no fee through August 31, 2011 by going to the website and entering the coupon code IRENE.

“We understand the importance of sending money to family and friends and especially now, in the Dominican Republic, where the funds are vital in offering emergency support to loved ones,” said Eugenio Nigro, Vice President of Business Development, Latin America, for  “The thoughts of all of employees go out to those affected by this disaster.” pays out in Dominican Pesos and US dollars in Dominican Republic at Caribe Express and Banco BHD locations.


How to Send Money to Colombia

If you have family or friends back in Colombia and you need to send money to them, it's easier than ever with Xoom. Sending money online is fast, secure and simple to complete, and you can get set up in not time at all.

First, you'll have to decide how you wish to send money to Colombia. You can either do this via bank deposit or by cash pick-up. Bank deposit adds the money directly to your recipient's account, although you'll need their account number in order to complete this transaction. A cash pick-up allows your friend or family member to stop by one of the many bank branches or money transfer locations and receive their funds in cash.

If you choose a bank deposit with Bancolombia, the money will usually clear within 15 minutes. For all other banks, your receipient will have to wait a full business day before the funds are available to them.

Xoom has nearly 1,000 locations across Colombia for cash pick-ups. You can send money to Bancolombia, Macrofinanciera or Davivienda, and the funds will typically be available within 15 minutes.

At the moment, $1 is equal to 1783 Colombian pesos. When you use Xoom to send money online, you'll be able to see the current exchange rate and lock that price in.


How to Send Money to Peru

It's incredibly easy to send money to Peru online using Xoom international wire transfers, and in just a few clicks of the mouse, your family or friend will have the cash they need quickly.

Xoom offers two services to Peru: cash pick-up or bank deposit. With a cash pick-up, your recipient will need to head into a branch location and get the money in-person. If you plan on using Scotiabank, this happens nearly instantaneously – your cash will be available right away. Other banks, such as Banco de Credito BCP, Interbank and BBVA Banco Continental, are also supported, but they may take slightly longer.

With a bank deposit, the money will instead be credited directly to a bank account (you'll need the bank account number for this type of transaction). Your recipient will have access to their money at an ATM. Again, this is instant with Scotiabank and slightly longer with the other banks – but everything will likely be processed within 15 minutes during normal working hours.

If you plan on sending money to Peru via Xoom, you can choose between converting to nuevo soles or keeping your money in American dollars. The most you can send in this fashion is $2,999 at once. If you do plan on sending in nuevo soles, Xoom will display the exchange rate when you log on and you'll be able to lock in that rate, so you don't need to worry about market fluctuations. 


Xoom at The Sinulog Festival

For the 5th straight year, Xoom has actively participated in the countrys’ oldest and most colorful festivals: The Sinulog Festival.

The Festival draws devotees and tourists from all of the Philippines and the rest of the world. This years Festival drew over three and a half million people who crowded the streets of Cebu City; the biggest attendance of the history of the Festival. The Sinulog celebrations expressed in song and dance recalls the Filipino people’s pagan past and commemorates their conversion to Christianity.

At least 143 groups – dance contingents, higantes, floats and puppetters were on the streets, compared to 133 in 2010, 112 in 2009 and 137 in 2008 and 121 in 2007.

This year’s event officially opened mid January beginning with a novena mass at the Basilica Minore del Santo Niño led by city officials, the parade included participants from schools and universities in the province. President Aquino address the gathering at the start of the Sinulog Grand Parade on January 16th.

If ever you have a chance to visit Cebu in January, the Sinulog Festival is not to be missed.