BRUSSELS: Xoom Corporation XOOM, -0.48% a leading digital money transfer provider, has expanded its service to include Austria, Belgium, Greece and Portugal.
Xoom offers fast deposits and can deposit money in as little as 24 hours when customers send by 4:00 p.m. IST (Irish Standard Time). Transactions submitted after that time will be deposited in two business days.
Sending money to Austria, Belgium, Greece and Portugal with Xoom is easier and more affordable than going to a bank. Consumers no longer need to waste time going to the bank and standing in line to wire funds. Xoom is available online at xoom.com and offers a mobile app for iOS, Android and Amazon phones.
The cost to send money with Xoom when paying with a U.S.-based bank account is $4.99 to send up to $2,999. Recipients will not be charged fees from the receiving bank, which is typical on wire transfers.
“Historically, to send money to Austria, Belgium, Greece, and Portugal, expats were forced to use bank wires, which are typically slower and cost more in fees,” said Iain Allison, Xoom’s head of business development for Europe. “Xoom now allows expats from these countries to deposit money more quickly and affordably – using xoom.com or the mobile app. Plus, customer service is available 24 hours a day, 7 days a week,” added Allison.