In this article we take a look at Western Union exchange rates & international money transfer services compare to other options available to you.
WU are not the cheapest currency provider around but perhaps the most convenient with locations on practically every street corner especially in developing world, which is handy if you need to Transfer funds for Cash Pickup.
The table below compares at Western Union exchange rates & international money transfer services to banks and other services available to you.
To send your first money transfer with Western Union, create a profile on wu.com or the mobile app.
Your My WU account will be activated after your first transfer and you can start earning reward points for every money transfer you send with WU.
After your first money transfer, it’s easy to send money again. Log in to your profile and select your recipient. If you are sending money to the same person, you can save your last recipient details on your profile. You can add or delete a recipient from your profile anytime. You also have the option to resend the same money transfer to that recipient.
In order to send funds for Cash Pickup, a sender provides his or her name and address, the recipient’s name, and a designated payment destination. Western Union then provides the sender a 10-digit Money Transfer Control Number (MTCN) that must be transmitted separately by the sender to the recipient. The recipient then proceeds to a Western Union agent office in the designated payment location, presents the 10-digit MTCN, and a photo ID. Money is then paid out to the recipient. If a recipient lacks identification documents, the sender and receiver can set up a pre-arranged password. Funds are paid out in cash, although if payment exceeds a local maximum or cash on hand, a check is issued. Alternatively, a sender may forward funds online to a recipient by using Western Union’s online site.