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Xoom.com Launches One-Day Money Transfers to the United Kingdom

Xoom.com provides bank deposits in one business day to all major banks

SAN FRANCISCO, CA, December 11, 2009 - Xoom Corporation, the Internet-based global money transfer company, announced today faster wire transfer service to major banks across the United Kingdom. Consumers can now wire money to the United Kingdom and the funds reach any major bank in one business day.  

This new one-day deposit service supports the Xoom.com comprehensive corporate initiative to provide immigrant and expatriate communities an alternative money transfer option that is fast, easy, convenient and low in price. Consumers send money by visiting the Xoom.com website, www.xoom.com

The Xoom.com online money transfer service, created in 2001, allows customers to send money to more than 45 countries around the world and over 18 countries in Europe, including Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Slovenia, Spain, Sweden, Switzerland and the United Kingdom, from any Internet-enabled computer using a checking account or credit card to fund the transaction. 

"The only reason consumers don’t use Xoom.com to wire money to the UK is that they don’t know about the service," said Iain Allison, Vice President of European Business Development for Xoom.com.  "There is no other way to get money to the UK in one business day, especially not for $4.99 and especially not from a home computer." 

In a market where bank-to-bank wire transfer fees run generally between $25-$45, Xoom.com offers a significantly lower fee of $4.99 to transfer any amount to the UK. Receiving banks in the UK do not charge a fee when money is sent using Xoom.com.

Funds reach the receiving bank in just one business day when sent to Barclay’s, Lloyds TSB, HSBC, Natwest, Royal Bank of Scotland; as well as Abbey, Alliance&Leicester, Bank of Scotland, Cahoot, Citibank, Clysedale, Co-Operative Bank, Coutts, Egg, First Direct, Halifax, Intelligent Finance, Nationwide, Northern Bank, Smile, Ulster Bank and Yorkshire Bank.

About Xoom.com

Xoom.com enables individuals to send money from any Internet-enabled computer to family, friends and businesses. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures.  For more information on Xoom.com money transfer service to the United Kingdom, visit www.xoom.com/UnitedKingdom