How long did your XE trade take?

Hi.

This is my first time doing an XE trade, and I'm starting to get a bit nervous that it has gone  wrong.  My sister completed the transaction sending me money on Monday, after close of business here, and the money still isn't here.  How long should it take?

Thanks

This is actually going to depend on your bank. I think XE takes about 3 business days. We bank at Barclays and their transfer also takes 3 business day... so, 6 for most of our transfers.

It usually takes 7 business days for my transactions due to the banks taking time and XE taking time.  It's definitely not instantaneous...so I usually try to send money sooner rather than later.

How does Xe trade work?
Do you set up a transfer to them monthly from your uk account or a standing order?
Seems like it could get costly?

I finally got it yesterday.  It took a week all in.  I was getting a bit nervous that something had gone wrong and my money was lost in the ether.  Thanks for your replies.

While I haven't used XE, I have used both bank and 3rd party FX exchange companies.  I would say 3 - 7 business days is standard.  I normally used Interchange FX and they take about 3-4 days.  The cost isn't transfering money to the exchange company's account in the UK, it's the cost of them sending it from their account in UK to the other country.  Transfers in country are generally free.
FX companies make their money one of two ways.  Charging a fee and giving you a rate close to the interbank exchange rate or not charging a fee but giving you a slightly worse rate.  Or if it's a high street bank, both!  Sometimes sending more, say over a few thousand pounds will give you a better rate and waive any fees.  Certainly, if you transferred every month or more frequently you might end up paying more than if you did it every quarter or half a year or whatever.