Their service allows people to send and receive money at over 550,000 agent locations in over 200 countries and territories around the world. To get started, simply sign up today! Statrys is here to make your international transactions easier than ever, all while saving you money! Next Day payments and Mobile Money transfer: $500 per transfer. Western Union is here to support you during these challenging times with COVID-19 (Coronavirus). Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors. We mention above that there’s an additional charge from Western Union wrapped up in the exchange rate applied to your transfer. The bid price is the amount a broker will buy a currency for; the ask is how much they will sell it to you for. Statrys UK Limited (FRM: 902805) is a registered agent of PayrNet Limited (FRM:900594), an Electronic Money Institution authorised by the Financial Conduct Authority in the United Kingdom under the Electronic Money Regulations 2011 for the issuing of electronic money. ... What are the fees to send money? and then using the median of all of those averages as the going rate. Customers can also send money online via the Western Union website and mobile app to bank accounts, agent locations, mobile wallets. This mid-market rate is calculated by finding the average of all bid-ask spreads (i.e. If you’re not happy with the price on offer, or simply want to compare with an alternative provider, check out the costs for the same payment made with TransferWise. *** Western Union also makes money from currency exchange. Fees and foreign exchange rates may vary by brand, channel and location based on a number of factors. 2 Western Union also makes money from currency exchange. Western Union are a well known and established provider of international payment services. The money transfer service fee varies depending on the amount transferred. This places them in the realm of âgood, but not the bestâ when it comes to forex exchange rates. Statrys Limited is licensed as a Money Service Operator (No. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. If your recipient doesn’t have to receive the money in cash, TransferWise could be a good alternative to sending money with Western Union. You’ll also be able to set up transfers from the comfort of your own home, by registering an online account with Western Union. Fees correct on January 29, 2020. That should allow you to calculate the markup being used. If you need to send money anywhere in the world, chances are that Western Union will be able to help. However, you may be charged origination fees by your bank and the recipient may also be charged bank landing fees. That’s also the rate you’ll find if you google your currency pairing. Fees for an international transfer are quite varied with Western Union. Fees and rates subject to ⦠You can register for free which takes approximately 5 minutes. As we are experiencing higher than normal call volumes, we want to take this opportunity to remind you of the many great ways we are here to support you 24x7, online at WU.com and via the mobile App Find out Western Union money transfer fees: online, at bank locations, at Russian Post offices or at Megafon Retail locations. Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors. Western Union has over 500,000 agent locations around the world, and allows you to send money in person and online from/to around 200 countries. These fees also depend on how you are paying for the transfer and how the transfer will be picked up. This is what they say about this, in their Terms and conditions¹: “...Canadian currency is converted to foreign currency at an exchange rate set by Western Union. Fees for an international transfer are quite varied with Western Union. Fee reductions apply only to the Western Union® transfer fee for a single Western Union Money Transfer® or Quick Collect® transaction. So, there is no need to think too much about the transfer fees. Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors. Figuring out your transfer fee with Western Union can be muddied. Check out the currencies and countries supported by TransferWise. Western Union Canada cost and fee overview table. Fees and rates subject to change without notice. This is a natural occurrence in the forex market and should be factored in by every international business. Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors. If you’re sending money directly from one bank account to another, there may also be extra costs if the payment is routed through intermediary banks¹. Many fees vary depending on where you are, where the money is going, and how much money is moving. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. The mid-market rate itself is a fair price - one that doesnât earn Western Union any profit. Fees and rates subject to change without notice. Are you looking for info about international money transfers with Tangerine bank, either to send or receive? Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors. Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors. Apart from the exchange rate margins and transfer fees, Western Union doesnât charge any other fees. Sending and receiving money via Western Union is considered the best option because the company has been a trusted, professional, instant, and safe service for decades. This is an additional charge. You can check out the agent locations near to you - and your recipient - online³. Western Union is one of the worlds oldest, largest and leading money transfer providers in the industry. Does Western Union fees concern you every time you want to transfer money using the service? Western Union fees: where youâre sending the payment matters The final factor which dictates the costs of your transfer is how much youâre sending, and which country youâre sending to. If you’re thinking about using low cost international payments from TransferWise instead, you can also make life easy using the free money transfer app to arrange, track and review your payments. Prepaid payment cards: limits set by the card issuer, and can vary. All sources checked on January 29, 2020. Western Union is a worldwide leader in money transfer services, having been in the business for 135 years. Fees vary based on if money is deposited into a bank account or picked up as cash, how much is transferred, and the mode of payment for the transfer. Any difference between the rate given to You and the rate received by Western Union will be kept by Western Union (and its Agents in some cases) in addition to the Transfer Fees. The Western Union Online Service is provided by Non-Banking Credit Organization Western Union MT East, Ltd (License #2726-C issued by the Western Union MT East is ⦠Western Union, being such an old and large company, has a somewhat complex fee structure.Â. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees and rates subject to ⦠You can use Western Union to send money to friends and family abroad, or make international business payments - sending money direct to your recipient’s bank account, or for cash collection or delivery. Perhaps the most complex of the fees Western Union charges is their foreign exchange fees. Many countries have strict rules as to how much money one can send between borders, and what information must be disclosed within each transaction. The last thing you want is a knock at the door by an agent with a badge. 2 In addition to the transfer fee, Western Union also makes money from currency exchange. To get the most up-to-date price for your transaction, head to the Western Union website². This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. All agents should accept cash payments - some also take credit or debit cards, although the fees for these payment methods might vary.⁴. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Learn more here. 2.Send money page Let’s look at a fictive transfer of 500 Canadian dollars to the UK in Pounds, to be received on a local bank account. It’s worth noting that the price shown online includes the upfront fee - but you’ll also pay an additional charge in the form of a markup on the exchange rate. If you’re looking to compare services, it’s good to know that you can send money to 59 different countries with TransferWise. Rather than charging various separate fees, Western Union folds its fees together into a single âtransfer fee.â However, as noted above, that fee depends on several different factors. With Western Union, you can send and receive money anytime, anywhere. 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