XOOM GLOBAL MONEY TRANSFER

FOUR WAYS OF SENDING MONEY

Xoom Global Money Transfer offers fast, reliable money transfers at relatively low costs.

With Xoom, you can send money from the convenience of your computer to friends and family worldwide. There are 3 other ways of sending money abroad.

1. Money Transfer Services

There are various services for retail or online money transfers. Xoom is known as a secure and reliable online service provider. If you open an account with them, you can send or receive money within minutes to/from other people around the globe. You pay relatively low fees for their service. Recipients do not require a bank account or Internet connection to receive funds.

2. Post Office

Wire transfers can also be offered by the U.S. Postal Service. Your recipients can receive their funds from various bank branches up to $2,000 per day. For transfers exceeding $1,000 proper identification is required. According to the amount you send a fee ranging from $10 to $20 will be charged for each transaction. Your recipient’s name on their documentation should match exactly the name on the money transfer. Multiple money orders are subject to a daily maximum of $10,000 where as each money order is restricted to a maximum of $700. Your recipients will get local currency upon cashing their money orders. Local or damaged money orders can be claimed with a valid receipt. The cost of $3.25 each applies to any International money order of a value up to $700. Money orders can also be purchased at banks at a slightly higher price.

3. Banks

There are programs serving foreigners send money home that are developed by major U.S. banks as well as local smaller banks. Recipients can claim their money from partner banks where the funds were wired. Certain banks may require you to have an active account with them, so research your local branches for such services. You can also send funds by purchasing stored value cards offered by major U.S. banks. These cards are similar to credit cards with the difference that the amount has to be deposited in advance. Recipients can name purchases at stores that accept major credit cards or withdraw money from various ATM locations. Several banks will issue a check card connected to your U.S. account for your family members abroad. Check cards withdraw funds directly from your checking account and look like common credit cards.

4. Credit Unions

IRnet is a service that electronically transfers funds between credit unions’ members. Several countries in Europe, Africa, Latin America, and Asia are served by IRnet including 3,000 locations nationwide.

RECIPIENT COUNTRIES

Recipients can receive cash in local currency or US dollars. Xoom offers money transfer services to over 38 countries worldwide. These countries include: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, China, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Finland, France, Germany, Greece, Guatemala, Honduras, Hong Kong, India, Ireland, Italy, Jamaica, Mexico, Netherlands, Nicaragua, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Slovenia, Spain, United Kingdom, Uruguay, Vietnam, etc.

BANK AND MONEY TRANSFER PARTNERS

Your recipient(s) can receive cash in the local currency or US dollars. In many countries they can have the money deposited to their bank account(s) or have it delivered to their home or business. Xoom has relationships with banks and money transfer payout partners to provide a secure and fast means of sending customer's money. With these bank and money transfer payout partners, Xoom customers can send money to thousands of cash pickup locations around the world.

In the Philippines, Xoom is a partner and offers fast deposits to any bank account in the Philippine National Bank, Equitable PCI Bank, Metrobank, Bank of the Philippine Islands, Banco de Oro, and 59 other banks and money transfer payout partners.

PICK UP LOCATIONS

There are 1,986 cash pick up locations in the country. For Philippine peso transactions, your recipient can pick up the money in minutes at Equitable PC, Banco de Oro, SM Forex (Shoemart), Cebuana Lhuiller, and One Network Bank branches. For US dollar transactions, you recipient can pick up the money also in minutes at Equitable PCI, Banco de Oro and SM Forex (Shoemart) branches.

HOME DELIVERY

Xoom’s services also include fast and safe door-to-door delivery to Metro Manila and to many other provinces.

FEES

Xoom’s service charges are known to be low compared to prevailing standards in the industry (see graph showing Xoom’s fees as compared to fees charged by Western Union). Fees start at $ 3.50, as shown in the table below.

CONTACT INFORMATION

Recipients who experience problems in any transaction may call XOOM at 1-800-10-636-7000. It is important for all recipients as well as for those who send money to keep the Tracking Number for each transaction (example, XAR-12345-67890).