Job Discussion Forums

wayne432 · Joined: 05 Jun 2008 Posts: 255

I remember a while back that people were recommending Go Lloyds and XE as legit places to use to send money back home.

I was wondering if anyone has used XE and if they used any other sites prior or after to compare?
I tried looking for the original post, but searching for xe or sending money with xe doesn't really yield me.

Thanks for any help.

G Cthulhu · Posted: Mon Aug 24, 2009 11:16 pm Post subject: Re: Sending with xe.com

I use xe.com, and used it when I was in Japan. Used the Post Office before that, and SWIFT a couple of times.

The account set up process is a pain, but once it's done it's very simple to use, and the rates really do make a difference on larger amounts. The lack of fees is nice, although I've been told that you have to do a furikomi into their Japanese account these days, no direct withdrawals by them any more, so you're up for a few hundred yen for that from most ATMs or online bank pages.

These days I use it for shuffling money about various countries and, when I'm feeling game, some small time currency speculation. Smile

What else do you want to know?

wayne432 · Joined: 05 Jun 2008 Posts: 255

I was more just trying to get some proof so I could ease my conscience before I jumped into it really. Thanks.

Ryu Hayabusa · Joined: 08 Jan 2008 Posts: 182

Perhaps you've already read this post but if not, it may help you.

http://forums.eslcafe.com/job/viewtopic.php?t=72325

wayne432 · Joined: 05 Jun 2008 Posts: 255

Thanks, that was the original post I was looking for I think.

Well, I'm still in the process of signing up with them, but I've sorta hit a snag.
They're asking for a copy of a statement or letter from my bank that contains my name, address, bank account #, and the bank's name, but when I went to the bank, they said there was no one thing that they could give me with that information.

Any suggestions?

Ryu Hayabusa · Joined: 08 Jan 2008 Posts: 182

Do you have any personal cheques from the bank? Surely a void cheque would contain the info they need. That was what I used.

wayne432 · Joined: 05 Jun 2008 Posts: 255

Nope, says on their email that voided cheques are not accepted by them. Also, I don't have any from my Japanese bank.

Ryu Hayabusa · Joined: 08 Jan 2008 Posts: 182

I suppose they've changed their criteria since July 2008 when I had signed up.

If there isn't one thing that contains all the info XE needs, could you obtain two letters/statements and send those? XE is ultimately a business and I would think they would be more than happy to accommodate you. More users=more money, right?

G Cthulhu · Posted: Tue Sep 01, 2009 11:25 pm Post subject:

G Cthulhu · Posted: Tue Sep 01, 2009 11:27 pm Post subject:

Ryu Hayabusa · Joined: 08 Jan 2008 Posts: 182

wayne432 · Joined: 05 Jun 2008 Posts: 255

They must have changed big time then, because now they are requiring verification of the account where the funds are coming from. That's why I need to get my bank info.

Ryu Hayabusa · Joined: 08 Jan 2008 Posts: 182

Wow! It was tough to get set up with them before and now it's even harder and more tedious!

Good luck, Wayne432. I hope you're able to get everything set up.

johanne · Joined: 18 Apr 2003 Posts: 189

I use XE all the time to send money home. Yes, the set up is a hassle. I found the easiest thing was just to call them or e-mail them and ask all my questions. They are very helpful. Whenever I called real people answered the phone and when I've e-mailed questions I've gotten answers within 24 hours. Their rates are real good and I've probably saved over a thousand dollars using them over the last few years.