6 Excludes Aruba, Brazil, China, Cuba, Ethiopia, Haiti, Lesotho, Liberia, Libya, Namibia, South Africa, Swaziland, and Venezuela. 0000706303 00000 n 0000706799 00000 n How do I send money online to a mobile wallet, How do I send money with the Western Union. While an exchange rate isnt necessarily a fee, it is a money transfer cost that you should consider. Once you send money via Western Union, it is basically gone for good. Start to transfer money by entering the destination and amount youd like to send. Whats the difference between a wire transfer and a bank transfer? Understanding the costs of international transfers can be a tricky business. Transfer money from a Western Union location to your friends bank account. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Money Transfer Fees: How Much Do Transfers Cost? | Blog - Western Union Ukraine war latest: 'Explosion derails train' in Russia - as Moscow 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. As you can see above with the variable fees, figuring out how much a money transfer costs depends on several factors. Many financial institutions use a marked-up exchange rate as part of their service fees. Contact your financial institution to see if this option is available. The fees for sending money to Malaysia depend on a few factors, such as the amount you're sending and your preferred payment . 0000723083 00000 n You can pay in cash at their pay-in store, online using a credit or debit card , or via a bank transfer.. This is how Western Union sneaks in hidden fees to your international transfers. Youll be able to see the cost of your money transfers at this time. Send money for cash pick-up at an agent location near your receiver. In terms of Western Union fees, you should be prepared to pay around $6 for transferring up to $50 anywhere in the United States of America, and around $100 for sending $1,000 using a credit card. Register online to get started today. You may also receive fee discounts and other promotions by registering with our loyalty program - My WU, and can earn points every time you send a qualifying transfer. As a company working in cross-border, cross-currency money movement, Western Union aims to grow economies and create a better world. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Western Union Transfer Fee: What's the Price of a Money Transfer? 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. To avoid these fees or for reduced fees, use a debit card or check other payment methods. Your receiver should also find out whether they will need to pay any incoming fees. 0000718329 00000 n You will then receive a receipt with the MTCN tracking number of the transfer to communicate to the recipient.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'thepricer_org-box-4','ezslot_4',137,'0','0'])};__ez_fad_position('div-gpt-ad-thepricer_org-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'thepricer_org-box-4','ezslot_5',137,'0','1'])};__ez_fad_position('div-gpt-ad-thepricer_org-box-4-0_1');.box-4-multi-137{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:20px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. Start to send money online by logging in or registering for a profile. There might also be fees if you're receiving money. Send your money by paying with a credit or debit card. Some money transfers may involve a third-party (or intermediary) bank that facilitates the money transfer between banks that dont have a financial relationship together. What fees are associated with a money transfer? Get instant estimates and send money on the go. 0000715227 00000 n While these fees can range, you can get a free estimate when you start sending money with Western Union online. 0000735000 00000 n This markup is generally a percentage of the amount of money being sent, so it can factor in significantly if youre sending a large amount of money. Basically, it is just an electronic transfer of funds, similar to that of PayPal. El Salvador bitcoin move could cost money providers $400 million a year Heres what Western Union say in the Send Money Online page in the footnotes, relating to international transfers: In addition to the transfer fee, Western Union also makes money from currency exchange. The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900. 0000013644 00000 n This helps track your payment. Western Union rate (payment via Alipay to your recipient's bank account): 1 CAD = 4.9446 CNY While to send $1,000 to India, Western Union adds a margin of 0.81%: Mid-market rate: 1 CAD = 58.0290 INR Western Union rate (payment by credit/debit for cash pickup): 1 CAD = 57.5605 INR 0000003173 00000 n Western Union is one of the many ways to wire money, so it doesnt hurt to compare competitors Walmart, for example, has been known to offer cheaper rates than Western Union in most scenarios. 0000726592 00000 n 0000722125 00000 n 0000716082 00000 n You can easily select their account information if youve sent them money in the past. 0000724815 00000 n Sending money with a credit or debit card is quicker than using a bank transfer, and the fees usually reflect this. If you need the money to arrive as quickly as possible, you can transfer it via a credit or debit card. * Money transfers. Wire transfers can be a quick and easy way to send money to friends and relatives. While money transfers can be fast, convenient, and easy to initiate, they include fees that vary depending on several factors. 0000030589 00000 n 0000710814 00000 n 2 If youre using a credit card, a card-issuer cash advance fee and associated interest charges may apply. People send money overseas and domestically for several reasons, from paying back a friend for lunch to helping a loved one with a down payment on a home. Also, when using a credit card, the company will view this as a cash advance, which means you will pay a higher interest rate and a fee. 2023Western Union Holdings, Inc. All Rights Reserved. . Wire transfer fees: explained - Blog | Western Union Its easy to send money abroad with Western Union. Additionally, they charge a percentage of the amount sent, depending on the destination country. Before initiating a transfer, use a bank or transfer services online calculator (if available) to estimate your money transfer fees and international money transfer fees. 0000720147 00000 n Typical transaction times vary for each destination, but well show you what they are. 0000016199 00000 n The intermediary bank may charge a transfer fee in addition to the transfer fees from the sending and receiving banks. Youll need to provide their address and bank account details7. 0000726482 00000 n 2023Western Union Holdings, Inc. All Rights Reserved. Based on sending $100, heres what it would have cost us to send money to the following countries: Consider using this official estimator at WesternUnion.com to see what youre going to pay. Fees and rates subject to change without notice. Send in foreign currency - You may find that banks offer lower transfer fees if you convert your US dollars into the destination currency before you send the money. Cost To Send Money With Western Union - In 2023 - The Pricer This program saves all of your data regarding past sends, such as transfers to companies.