Western Union international transfer is one of the most popular global networks of bank connections as well as agent locations that allow people to send money anywhere in the world. Depending on your requirements, you will be able to transfer the necessary amount of money in exchange for a higher fee. On the other hand, you can also opt for the slower process where you need to pay lower fees.
If you’re searching for a company with a proven track record and proper exchange rates, you should use Western Union. Unlike the banks, Western Union will always prove a more cost-effective option, especially when you want to send money to a remote location. In this blog, we will discuss everything about Western Union international transfer.
Why Do You Need to Consider Western Union?
This is one of the most important things you need to know about Western Union international transfer. Many people assume that choosing Western Union over their back is a grave mistake. However, contrary to the popular belief, considering Western Union to transfer money will undoubtedly prove beneficial. Here are the reasons why you need to choose Western Union:
- Thanks to the established service, the professionals from the Western Union have successfully managed both international and domestic money transfers for decades.
- As the network of Western Union is massive with more than 500,000 agent locations in different parts of the world, it’s undoubtedly one of the largest money transfer providers in the world.
- Unlike other money transfer providers, Western Union provides customers with flexible money transfer options. Therefore, you will be able to choose whether you need to pay with a bank account, debit card, credit card, cash, etc.
- Some specific transfers with the help of Western Union can be completed extremely fast which will prove super beneficial during emergency situations. As a result, you don’t need to wait for days.
Also Read: How to easily send money abroad from India
What are the Transfer Fees?
Keep in mind that the transfer fees will depend on the country you’re sending money. Hence, the transfer fees can range from USD 3.50 to USD 100 or even more. In addition, the transfer fees will also depend on the methods you’re choosing to pay and the methods through which the sender will receive the money. Even though the fees required to transfer money through Western Union international transfer aren’t uploaded online, the fees will be based on:
Location
The location will have a massive impact on the increase or decrease of the transfer fees. The fees you pay will be different dependent on the country you’re sending to. For instance, the transfer fees required to send money to the United States will be different from the fees needed to send money to Australia.
Also Read: How to Transfer Money from USA to India
Payment
The method of payment you choose to transfer money will also determine the overall amount of the transfer fees. If you want to pay with a credit card, you might need to pay more transfer fees compared to the debit card payment. Not to mention, the credit card provider might also charge you money.
Receiving Method
If you pick up the cash, the process might prove more expensive than sending the money straight to the bank account.
What are the Exchange Rates of Western Union?
Apart from charging the fees, Western Union international transfer will make a significant amount of money by adding a specific amount of margin as per the exchange rate. But keep in mind that it’s applicable to different exchange rates as per the different types of transfers.
The Western Union international transfer also uses a weaker or stronger exchange rate depending on the currency you have plans to transfer. Consider using the Price Calculator of the Western Union to know more about the exchange rate.
You can also compare the exchange rates of the Western Union to the current market rate to know the size of their margin.
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How Can You Send Money Abroad With the Help of Western Union?
When you contact Western Union, you will be able to leverage the benefits of numerous transfer options. We will discuss more the popular transfer and the important steps.
- Make sure you create a profile inline to send your first money with the help of Western Union international transfer.
You just need to create your profile and click on the send money option button.
- Keep in mind that you can use the Western Union application to review the different exchange rates, send money, find the location of the agents, and transfer money to another part of the world.
Consider logging in to the application and providing the important transfer details. After choosing the receiving method, you can confirm the details and transfer the money.
- You can also send the necessary amount of money by phone.
How Will the Receipt Receive the Money?
Western Union international transfer provides numerous ways for customers to receive money when someone transfers it. Here are the following options you can consider:
- Mobile wallet
- Cash
- Pay your bills
- Bank account
- Prepaid card
Also Read: How to Transfer Money from India to Australia
How Long Will It Take to Transfer the Money?
You can transfer your money in numerous ways. There are numerous factors that will decide the timeframes for your money to reach the receipt as well as the transfer fees.
If you use a debit or credit card to pay for the transfer money, you will need to pay a higher transfer fee. However, the process is extremely fast and the receipt will receive the money within 10 minutes. But you might need to pay the credit card charges which might increase depending on the amount you’re transferring.
You can choose the bank transfer method, but it will prove comparatively slower. The money might take up to 5 business days to receive. You might also need to wait longer while the company verifies that you have a registered bank account.
If you’re looking for the best option to transfer money abroad, consider visiting Fly Finance.
How Much Money Can You Transfer Through Western Union?
The limit of transferring money through Western Union international transfer will depend on multiple factors such as your location, transfer history, transfer destination, and the service you choose.
Consider paying close attention to the maximum amount you’re eligible to send when entering the transfer details in the Send Money option.
If you have plans to transfer a large amount of money through Western Union international transfer, you will be allowed to send a maximum of $50,000 to the bank account of the receiver. However, the limit will also depend on the location.
FAQs
If you don’t want to pay for the transfer fees while sending money through Western Union, make sure you consider using your Debit Card. You also need to compare both the exchange rate as well as the transfer rate.
As Western Union pays close attention to the safety and privacy of its customers, you don’t need to worry while sending money through Western Union.
Yes, you will be eligible to transfer money directly from India through Western Union.
This is everything you need to know about Western Union international money transfers. If you have any questions, make sure you contact Leverage Edu where the professionals will help you with your study abroad goals.
