The more money you send, the more you're going to pay in fees. Understanding these pieces will help you feel confident when sending money. The recipient can collect money at a Western Union location within their area or have cash deposited into a checking account. But when you send the same amount of money from a MoneyGram . Western Union review: Fees, limits and more | Finder 0000720659 00000 n The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900. Fees and rates subject to change without notice. This is how Western Union sneaks in hidden fees to your international transfers. Select Bank account. At the "inter-bank" / "mid-market rate", your 500 equates to about Rs125,232 At Western Union's exchange rate for paying by card to send 500 cash, your recipient receives about Rs120,637 (so Western Union's margin is about 3.7%). Plus, you can send money online to international bank accounts for a $0 fee1. View exchange rates for over 200 countries and territories on our website or app. Wise US Inc is authorized to operate in most states. That means you need to visit an agent local to you to set up or complete your transfer, even if you start the sending process online or via the WU app. 0000726822 00000 n Get instant estimates and send money on the go. Simply verify your profile using your US drivers license, passport or government-issued ID. What do you need to perform a wire transfer? 2 Funds will be paid to receivers mWallet account provider for credit to account tied to receivers mobile number. Western Union fees and exchange rates explained. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. While money transfers can be fast, convenient, and easy to initiate, they include fees that vary depending on several factors. Most banks separate fees into sending fees and receiving fees, and whether the transfer is domestic or international. 0000728713 00000 n (adsbygoogle=window.adsbygoogle||[]).push({}); Advertising Disclosure: This content may include referral links. Transfer money with no fee to bank accounts in certain countries by sending from your own account. This is just an estimate there may be other fees and commissions to consider. Click on Bank account to enter your loved ones details for the first time. My WU service fee reduction are not currently applied to online bill payments or transfers that are set up through the Western Union mobile app and paid for at participating agent locations. Send and transfer money online in 5 simple steps 1 Register and verify your free profile Start to send money online by logging in or r egistering for a profile. However, the costs can be high if youre sending money using a credit or debit card, or if your transfer is headed abroad. 0000706877 00000 n Are there different fees when transferring foreign currency vs. CAD? 0000741176 00000 n Also, you gain rewards points where you earn 1 point for every $2 in fees. How much does it cost to send money with Western Union? https://www.thepricer.org/wp-content/uploads/2023/02/western-union-transfer-costs.jpg, https://www.thepricer.org/wp-content/uploads/2023/04/thepricerlogobig.png. 0000718485 00000 n Money transfer fees can add up, mostly if you are regularly sending or get cash. 0000003973 00000 n Money Transfer Fees: How Much Do Transfers Cost? | Blog | Western Transfer money directly to a bank account by entering your recipients details. As you can see above with the variable fees, figuring out how much a money transfer costs depends on several factors. Paying online: it will cost from $2.99-$81 in fees, depending on how you pay and whether you want to send the money to a bank account or as cash for pickup. Paying in person: the fee will range from $8 to $58 depending on how you pay and how you want the money to reach your recipient.2 You can send the money online to a Western Union agency for cash pickup, directly to the recipients bank account or mobile phone. Also, when you use a credit card, the company will see it as a cash advance and this means that you will have to pay a fee and a higher interest rate. With Western Union, there are also different charges depending on whether you fund the payment with a bank transfer, cash, credit or debit card - and how the recipient accesses the money, as well. Money transfer fees can add up, especially if you are frequently sending or receiving money. Western Union charges vary depending on where you are sending money, the payout method to your receiver and how you would like to pay for the transfer. Convert {senderCurrencyCode} to {receiverCurrencyCode} with Western Union to send money internationally. Basically, it is just an electronic transfer of funds, similar to that of PayPal. Check our comparison table above to find an estimate for most world currencies. The funds should then be ready for cash pickup in minutes3. For those customers who regularly complete transactions of international money transfer, some of these collection points offer special identity cards to make the process even faster. It is true that many foreign exchange and international money transfer services do not use the mid-market rate to complete transactions. To avoid these fees or for reduced fees, use a debit card or check other payment methods. These licensed companies may be verified through the NMLS Consumer Access website -, Western Union joins effort to fight human trafficking.

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