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Xoom.com Revolutionizes Wire Transfers to UK Bank Accounts

Money is deposited in the UK in less than an hour 24x7, 365 days a year.

SAN FRANCISCO, November 8, 2011 - Xoom Corporation, the fastest  growing online money transfer company today announced a breakthrough in the quality of wire transfer service to bank accounts in the United Kingdom. Customers can now initiate a transfer from the Xoom.com website and have it deposited to almost any bank account in the UK in less than an hour, 24 hours a day, 7 days a week, 365 days a year.

Some of the key customer benefits of the Xoom service to the UK are:

Fast, High Quality, Wire Transfer Service - Funds are available in the destination account in the UK in less than an hour, 24 hours a day, 7 days a week, 365 days a year. Fund transfers are processed by Barclays to most bank accounts in the UK.

Saves Time - It only takes a few minutes to sign up for a Xoom account and send money to the UK with Xoom. Customers can save even more time using the “Quick Send” and “Schedule a Transaction” features for their future or recurring transfers.

Saves Money - You can send up to $2,999 for only $4.99 with Xoom. The receiving bank will never charge you an additional fee. Exchange rates are highly competitive and disclosed upfront on every transfer.

“With the launch of our world class new fast deposit service to the UK, customers can deposit money to the UK in less than an hour anytime even if it is midnight, the weekend or a holiday,” said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom. “We are always trying to deliver the ultimate money transfer experience to our customers and delight them with great service they deserve.”

Among the seventeen UK banks participating in fast deposit service are Barclays, HSBC, Lloyds TSB, Natwest, Bank of Scotland, Clydesdale, Co-Operative Bank, Coutts, First Direct, Halifax,   Northern Bank, Northern Rock, Royal Bank of Scotland, Smile, Santander, Ulster Bank and Yorkshire Bank.

For more information on Xoom, including partner information and registration instructions, please visit Xoom.com/unitedkingdom.

About Xoom
Xoom.com is a global online money transfer company that enables individuals to send money from any Internet-enabled computer to family, friends and businesses in 30 countries around the world. 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 Xoom.com/unitedkingdom.