Are there any limits on how much money I can send using Xoom?

Yes, there are limits on how much money one can send using Xoom, and these limits can vary based on several factors. Typically, the sending limits depend on factors such as the sender's payment method, the recipient's location, and the user's verification status. For instance, if a user is utilizing a bank account to fund the transfer, the limits may differ compared to using a credit or debit card. Additionally, users who have not fully verified their accounts may face lower sending limits compared to those who have completed the verification process. Xoom generally has both daily and monthly limits on transactions. The daily limit is the maximum amount a user can send in a single day, while the monthly limit reflects the total amount that can be sent over the course of a month. These limits help ensure compliance with regulatory requirements and enhance security. It is important for users to check the current limits that apply to their specific situation through the Xoom website or the service's app, as these limits can change. By reviewing the relevant information directly from Xoom's official resources, users can get a clear understanding of what limits apply based on their chosen payment method and recipient country.