Western Union Review

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The Western Union Company is a financial services and communications company based in the United States.

Western Union Review

Western Union has been in business since 1851, when it was founded as the New York and Mississippi Valley Printing Telegraph Company. The company provides money transfer services, bill payment services, and prepaid cards to its customers. Customers can transfer money or set up a bill payment online, through their mobile phone, from over 100,000 ATMs, by phone, or by going to one of the more than 500,000 Western Union agent locations worldwide. Western Union is regulated by the Austrian Financial Markets Authority and by local market regulators including theFCA in the UK and FinCEN in the US.

Fee: ? £1 to £4.90
Bank Partner: ? Citi
Speed: ? 1-3 days
Country Notes Western Union is supervised by the Austrian Financial Markets Authority and the FCA in the UK
Local settlement: ? Worldwide
Transfer methods ? Phone and online transfer services
Regulated By: ? See Notes
General Notes N/a

The pros and cons of using Western Union

pros

One of the largest financial companies in the world with assets in excess of $9bn

App on iOS and Android can be used to send money to bank accounts, mobile wallets or agents for cash pickup

Over 500,000 agent locations around world

Well-respected company operating for over 160 years

8.6/10 rating on Trustpilot from over 12,000 reviews

Huge social media presence with over 7.5 million likes on Facebook

Send money via website, mobile apps or in-person agents

High limits of $50,000 when transferring to countries including the UK

24/7 customer service by phone

Super-fast delivery option on day of transfer

Transferable amounts up to £800 (UK) without need to submit documentation

Money transferable from over 200 countries

cons

3-5 days to process typical transaction

Standard customer service only allows transactions under $5,000

Expensive fees when transferring to wealthy Western countries

Western Union

Western Union Products for Individuals

western union homepage screenshotWestern Union gives customers the ability to send money, receive money, or pay bills by accessing their online system, calling a representative on the phone, or visiting a Western Union location to set up a transaction in person. Customers are able to send more than $3,000 overseas at one time, and can send money directly to a recipient’s bank account or to a recipient’s mobile phone in some instances. Western Union offers locked in exchange rates for international currency transfers.

To start transferring money or paying bills through Western Union, customers must first set up an account with Western Union, which can be done online, over the phone, or in person at a Western Union branch. Once the account is set up, customers can send or receive cash to their bank accounts or for pick up at over 100,000 ATM locations.

Customers can choose to send money a number of different ways. They can choose a ‘money in minutes’ option, which gets the money to its destination within minutes. To use this option, customers must meet certain location and account requirements, though sending fees are higher for this option. For customers who do not need to have the money arrive immediately, they can choose Western Union’s three-day service, which is more economical and has less restrictions. Usually, the money is available for pick-up within three business days.

Customers are able to use Western Union money transfer services to send money to pay bills. Western Union allows the customer to pay by using their bank account and their bank’s online bill pay service. It’s fast and easy to set up.

Western Union also offers mobile money transfer services. If the customer’s recipient is in a location where Western Union mobile transfer services are offered, it’s easy to send money directly to their mobile device.

Customers can also set up a prepaid MasterCard®. The Western Union® Netspend® Prepaid MasterCard® allows users flexibility in sending and receiving money to a number of locations worldwide. It also offers discounts on select merchant purchases and cash back rewards on purchases. Customers also have the option of direct depositing their paycheck or government benefits check to the card.

About Western Union

Western Union was founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company. It provides a variety of financial services to its customers through its website, branch locations, ATMs, and phone service in countries around the world.

In 2000, it launched its website, westernunion.com, to offer customers a faster, more convenient way to send money globally. In 2007, it began developing its mobile money transfer service to customers. In 2012, Western Union transferred approximately $79 billion worldwide for its customers, completed 231 million consumer-to-consumer global financial transactions, and made 432 million business payments on behalf of its customers.

Amount Received £ 10,000.00
£ 0.00 Avg. Saving vs. Banks ?
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WorldFirst

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Transparency and security | Great customer feedback rating from Feefo

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RationalFX

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USD $12,939.00
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Western Union Business Solutions

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Rates From The Average UK High Street Bank

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

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Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

Amount Received
USD $12,501.04
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Est. 1998

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Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.