I used Xoom successfully about five times to send money to my son studying abroad in Argentina. When I initiated a new transaction, I was informed that it was being put on hold until I supplied quite a bit of personal information to Xoom's partner in country. That information included passport, driver's license, bank account, pay stubs, etc. What kind of idiot do they think I am? Of course I cancelled the transaction. I was told that the money ($500) had been refunded to my account which it has not after three days. There was no indication on the Xoom website that I saw that a transaction might require additional info.
Bye bye Xoom.
I don't mind the 30 cent differential on the exchange rate because its worth it (vale la pena haha)
Instead of fighting the traffic going to the bank, waiting in line to withdraw cash, then going to the Moneygram outlet, waiting in line to send money, etc....with Xoom its one click and your done!...genial :)
The one good thing that made me to be a customer of Xoom, is the promise made by Xoom of "Money Transfer in 4 Hours". Outstanding feature and service.
Especially, Xoom would be the right medium for the money transfer in the Crunch time of Families.
I recommend this to my friends.
The money was transferred literally in 4 hours, I raised a request at 6.30PM EST and by 10.30PM EST, the money was in my India account.
Also the website and the iPhone App are very easy to use. Definitely a service I would recommend to all Indians in the US who need to transfer money to India
I was using Xoom from last 2 years.. these days from the same account to same person ( may be it is your foreign ac only) it is go through echeck process.. it is taking 4 days for funds to get released. by that time
1. you will loose exchange rate
2. time constraint.
3. money will be locked for any transaction
4. intended person may not get money ontime.
At first I was hesitant to use it, but I since some of my colleagues who are already using it said it's legit and there's no scam behind it, I created an account immediately. Sending money reflects immediately on your bank account overseas and price for sending money overseas is almost the same as the one the banks offer.
Xoom.com is best hassle free transfer service that i have used so far ..
I live in Sunnyvale, California and regularly transfer money to India at-least twice a month for Loans and Home :) always used Xoom .. never had any issue ..
1. Super fast .. the max a transaction has taken is 3 hrs ..on an average 1.5 hrs in Indian Banking timeframe
2. Reliable .. [ Money locked in, no difference when it reaches in India ]
3. No hidden fees .. in my case its always free as i always transfer more than 1000 $
4. Flexible limits .. can send around 6000$ in a day and can be expanded ....don't earn that high ..so haven't tried that :)
Only Con i can think of is that you could get a little [very marginally] ....better exchange rates in Indus Fast Remit and similar ...but the flipside is that there is too much hassle and a hold time of around 4-5 days ..which i have felt not worth it for transfers of 5000$ or less in a month ... even a 0.5 diff which i am yet to see..generally its around 0.2 to 0.3 will make it upto 250 Rs/- or 4$ .
Xoom offers money transfer at lightning speed (4 hours during receiver's banking hours) and is also very trustworthy. I keep getting status updates during and just after completion of a transfer. If there is anything suspicious, a Xoom representative would call and enquire why I am sending the amount and who is the beneficiary. This makes me feel assured that my transactions are safe and will reach the intended recipient.
However, the exchange rates and the transfer limit can be restrictive at times. Xoom needs to be more competitive in the above areas as there already are competitors (with stunningly similar websites and services) giving marginally better rates.
I transfer money every month and I have never had a problem. The money reaches in less than 4h sometimes to about a day depending on the time I do it but more importantly it reaches.
I have received the $15 coupons twice for referring friends and I'm very happy. I bought a hair straightener from amazon with those coupons.
I love the way I get messages at each and every stage of the transfer. Makes me feel that my money is in safe hands! Thank you Xoom.
There is no doubt this is the best service company around for remitting the money. Its fast to access, Simple steps to be completed and very reliable. After the first remittance, it hardly takes now 2 mins for me to send money to my home country. No forms, no signatures, no waiting. I do it at night during Indian work times and wake up with my email receipts of Indian bank credits. Awesome! Thanks XOOM for making it simple.
Just love the service, you money reach where it is going before they even take the money out if you bank account, which is in two days time, Esavia
From Brokklyn NY
I started using Xoom since i came to the USA and I never needed to try anything else. The money gets there in no time, immediately available, there is no need to move from the couch and it's been very reliable regarding security matters. And the fee is very convenient too!
Got late in the game of transferring money online and was skeptical to be frank initially. But until now my transactions have been transferred swift, quick and great customer service.
Beats the western unions of the world and the receiver doesn't have to go find the nearest location to get the money. Could do better in lowering the transfer fee or give a better exchange rate.
I was stuck with a bunch of remittance companies before I tried xoom after looking at there ad campaign in Cricket world cup and I have never looked back. They give one of the best rates, can be a little better but nothing beats there 4 hour delivery. I do not mind paying that extra 15 paisa for that. And what you see is what you get. And there web portal is the best. Its clean, concise, to the point and it always works.
I am very Happy to say about XOOM
Xoom is one of first money exchange service, all of our collegues are using XOOM service for money transfer to India,
we are very much happy on the service
*** Excellent money exchange rate
*** Secure to our money
*** Fastest service (no one is doing this kind of service, but only XOOM do this)
*** We have much trust on the XOOM service
*** Xoom have trust on their customer
*** My full team members(42) are using XOOM only
Xoom is awesome which I use because of the Guaranteed Exchange Rate and Faster Transaction.
Rather than waiting for 7-10 days without knowing the actual exchange rate which you are going to get , you can go with Xoom for immediate (within 4 hrs) at the known/Guaranteed rate ...
I have witnessed almost all of the times i have transferred to India, that my amount gets credited to my Indian account within 3-4 hours of initializing the request. I am amazed that with the swift service provided by xoom in money transfers.
What amazed me more is that my amount gets credited to my indian account well before it is actually debited in my US account. They trust their customers.
Except for once i never used ICICI Money2India service. It took 15 days for me to create an account there and 5 days to transfer a small amount.
5 Stars to XOOOOOOOOOOOOOOOOOOOOOOOOM....
I highly recomend XOOM to anyone sending to the Philippines. It is fast, secured and convenient. My relatives / recipients in the Philippines agree with me too. Thanks Luis Pedron
Excellent Fast Service....
They do what they promise they will do...
Very easy process ... No complexities..
Although they might want to consider giving a bit better rates... since some of the other companies are catching up with them and providing better rates.
THis is what exactly I always want..inititate the the transfer and boom...the money is in your account the same day...within 4 hours...
This really helps when you need to send money to your loved ones when there is a urgent need..
They terminated my account without any explanation. I am still at a loss why my account was terminated. Xoom cites privacy as their reason for being "tight lipped."
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