Quick Answer: Is Western Union Cheaper Than Bank Transfer?

Is it safe to send money online through Western Union?

One service commonly used is Western Union.

Western Union is a money transfer service which allows you to send money to anyone around the world.

It is a safe and secure service which scammers often take advantage of..

Why use Western Union instead of a bank?

With Western Union’s money transfer services, you always know the exchange rates and fees before you make a transaction. In addition to being one of the best ways to transfer money internationally, transfers of money between bank accounts are often less expensive than sending money for cash pickup.

How can I avoid Western Union fees?

You can avoid these fees by using a debit card. * Western Union also makes money from currency exchange. 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.

How long can money stay in Western Union before pick up?

45 daysIn most cases, the money can be picked up within a few minutes after sending. If you do not pick up the transfer on the same day, it will remain in the system for the next 45 days. Money is not returned to Sender for 9 months after the date of sending, unless the Sender orders so.

What is the safest way to send money?

Here are the best ways to send money:Cash. Max transfer amount: No limit. … Bank transfer. Max transfer amount: No limit, although there may be internal transfer limits. … PayPal. Max transfer amount: $10,000 per transaction. … Google Wallet. … Venmo. … Xoom. … USForex.

How often can you send money with Western Union?

You can typically send up to $10,000 per online transfer and up to $10,000 every 30 calendar days.

Does Western Union transfer immediately?

Depending on the delivery and payment methods you choose, money can be picked up in minutes* or within a few working days. Money Transfer delivery timelines are based on service type: Money in Minutes service for pick up at an Agent location – generally delivered within minutes*.

Which is better Remitly or Western Union?

Western Union wins the comparison with a score of 7.9/10 versus 7.7/10 for Remitly. SMS / text message alerts for you and the beneficiary so you can track the transfer and know when it’s been paid and collected. A 100% satisfaction guarantee means you get your fees back if you aren’t completely happy.

How much is the maximum you can send through Western Union?

The amount you can send will depend on your past transactions, your receiver’s country and the service you choose to send money with. The maximum you can send per transaction is $ 2500.00. The maximum you can send per transaction is $ 500.00.

Is there a cheaper way to send money than Western Union?

If you want to transfer cash, Walmart is cheaper than traditional money transfer companies, such as Western Union and MoneyGram. You can send to one of the thousands of U.S. Walmart stores, where a recipient can pick up the money within minutes. The maximum you can send is $2,500, and costs can reach up to $16.

Is Western Union a good way to send money?

Western Union is best for quickly sending money to people you know and trust. You can bring cash to a Western Union representative, enter bank or credit card information online, or handle everything by phone.

Can I send $5000 through Western Union?

How much money can I send with Western Union? Your limits will vary based on your transaction history, the recipient’s country, your location (state), and the service you choose. ONLINE: When sending online your limits are typically as follows. … ON THE PHONE: The money transfer limit ranges from $300 to $2,500.

What is the cheapest way to send someone money?

If cost and speed are a priority, person-to-person payment apps are some of the cheapest ways to send money to another person….XoomPay international bills.Transfer money between bank accounts in different countries.Send cash for pickup or delivery in select countries.Reload mobile phones overseas.

How much is Western Union transfer fee?

TransferWise vs Western Union: A comparisonFee*Western UnionTransferWiseSending fee$19.99$8.45Exchange rateMarkup on the mid-market rateReal mid-market rateRecipient fee$0$0Oct 4, 2018

How much does it cost to send $500 through Western Union?

The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900. Western Union, in comparison, charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76. There are a number of price points in between, dependent on the amount of money to transfer.

How can I send cash to someone?

We’ll cover some of the cheapest, fastest and easiest ways to send money to someone without a bank account.Money Order. Money orders work a bit like checks. … Walmart-to-Walmart. … Western Union. … PayPal. … Venmo. … Square Cash. … Prepaid Debit Cards. … Google Wallet.More items…•

Can I send 10000 through Western Union?

You can find out how much is the limit by asking the sender to ask the western union office. The max amount you can send on a transaction within united States is 10,000. There is a threshold of $25,000 per year. And it also differs on where the money transfer is being delivered.

What’s the difference between Money Gram and Western Union?

Western Union is one of the world’s most recognized and largest worldwide money transfer companies in the industry best known for their cash pay-in and payout options. … They also offer online money transfers. MoneyGram is the second-largest money transfer company (Western Union has the number one spot).