Are there any transaction limits for first-time users?

Yes, first-time users of Xoom may encounter transaction limits that are designed to help ensure security and comply with regulatory requirements. These limits can vary based on several factors, including the destination country, the payment method used, and the identity verification process completed by the user. Initially, users may find that their ability to send money is restricted to a certain amount until they provide additional information for verification purposes. For instance, users may need to verify their identity by providing relevant personal information or documents to gradually increase their transaction limits. These safeguards are put in place to help protect users from fraud and to ensure that sending money internationally is safe and secure. As users become more familiar with the Xoom service and complete any required verifications, they may find that their transaction limits increase. It is important for users to review the specific limits applicable to their account on the Xoom website, as these can differ by region and other individual circumstances. Users are encouraged to explore the current web page for more detailed information regarding transaction limits and to ensure compliance with the necessary procedures, which can aid in expanding their sending capabilities over time.