How much does western union charge to send $1 000
Explore Today! Ensure that you check the receiving fees in total as there can be 'Hidden Fees' within the exchange rates when you send money using Western Union.
Western Union offers a global money transfer service, and there are three ways you can send money: in person, online or by phone. In certain countries, however, the money can either be received in a mobile wallet or deposited into a bank account. The offices are available in over different countries with more than , locations to choose from around the globe. The cost will depend on the amount of money you are transferring, where you are sending it from, where it will be picked up, where you process the transfer an agent location, online or via phone , and how fast you want your money to arrive. Consider using this official estimator at WesternUnion.
How much does western union charge to send $1 000
He brings his background in international affairs and his experiences living in Japan to provide readers with comprehensive information that also acknowledges the local context. Monito's Managing Editor, Byron has spent several years writing extensively about financial- and migration-related topics. This does not affect the opinions and recommendations of our editors. Despite being one of the largest and oldest international money transfer services in the world, Western Union's services fees are complex, and the company charges hidden exchange rate margins. These two fees will change depending on where you are, how much money you send, where your recipient is, and how they receive it. In this guide, we explain what this all means and give a breakdown of Western Union's fees. Ultimately, we recommend you use our real-time comparison engine below to find cheaper rates for your next international money transfer. According to millions of searches on Monito, we've found that these are generally the best alternatives to WU by receiving method:. As we'll see, Western Union charges two types of fees. In addition to the exchange rate margin, which we'll explore later, the transfer company charges a service fee.
Bank account Whether you transfer using cash, a bank account, or a credit or debit card, the other popular method that Western Union offers is through a bank account. Not many financial services provide you with a cash pick-up from a physical store or make a phone call transfer for the money received internationally in the digital world.
Explore other articles on this topic. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors. Fees and rates subject to change without notice. Points used will not be reversible and if amount of transfer fee is less than redeemed discount, no cash, credit or refund will be provided. Skip to Main Content. Send Money.
Western Union isn't available on Finder right now. Visit the service's website directly, or compare other options. Western Union has a gigantic global network of agent locations and bank connections that makes it easy to send money to almost anywhere. You can transfer this money fast for higher fees, or a bit slower for lower fees, depending on your needs and resources. Given Western Union's history of customer complaints and lawsuits, consider looking at Western Union alternatives , as many smaller competitors have a better track record and also offer better exchange rates and lower fees. Western Union will almost always be a cheaper option than your bank, especially when sending one-off transfers or to remote destinations. Lastly, a major perk of using Western Union is the sheer number of physical locations in the UK; it is integrated into many post offices, corner shops, newsagents and more.
How much does western union charge to send $1 000
Western Union offers a global money transfer service, and there are three ways you can send money: in person, online or by phone. In certain countries, however, the money can either be received in a mobile wallet or deposited into a bank account. The offices are available in over different countries with more than , locations to choose from around the globe. The cost will depend on the amount of money you are transferring, where you are sending it from, where it will be picked up, where you process the transfer an agent location, online or via phone , and how fast you want your money to arrive.
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A local agent at Western Union can also calculate the cost of the specific transfer. Special promotions may reduce the fees for sending certain amounts of money to and from certain countries or locations. And it is the ideal rate to use when exchanging and sending foreign currency. Fees and rates subject to change without notice. In most cases, the money can be picked up within minutes of sending, but this will depend on the method chosen when sending the cash. Not many financial services provide you with a cash pick-up from a physical store or make a phone call transfer for the money received internationally in the digital world. WU Mobile App. Transfer time. Bear in mind, though, that these charges can be a lot higher still depending on the currency you're sending from and to. Saranthip Saetang. However, the costs could still be higher if you choose a different sending or receiving method. You send. These two fees will change depending on where you are, how much money you send, where your recipient is, and how they receive it. Alternatives to Western Union.
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Note: If you're using a credit card to send money online or over the phone, a credit card issuer cash advance fee and associated interest charges may apply. January 16, - by Jarrod Suda. However, this is not included among the fees mentioned as it is the rates that occur on a real-time basis based on the financial market's supply and demand. Additional Fees: These are the type of fees that are charged in addition to your transfer fees. Western Union's most complex fee is its hidden exchange rate fee , called an 'FX margin' or an 'exchange rate margin'. As we'll see, Western Union charges two types of fees. Understanding FX Margins At any given moment, banks and large financial institutions exchange foreign currencies with each other using the interbank exchange rate, also called the mid-market exchange rate. Although this will help save more fees in the process, the transfer time can be anywhere from business days. Explore other articles on this topic. Receive Money from Western Union.
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