Anybody out there used xe.com's new currency exchange service....essentially you provide them w/ your EFT details and they'll debit your US checking account at their published exchange rate and cut a check to the entity you request?

Example: I need to send a deposit to an Aussie realtor for a house. I give xe.com my bank info; xe.com charges their published exchange rate w/ no fee to my US checking acct and mails a AUD bank draft to the realtor.