12

Apr
2019

Which is the Best Way to Send Money Internationally?

Posted By : admin/ 611

Transferring money to family, friends or even a business partner is a breeze, thanks to the plenty of web/mobile apps, online services, tap-to-pay checkout, ATMs, automated bank deposits, including exclusive money-transfer websites available online. But there are many who had faced issues linked with associated costs and the time it takes to transfer money to its intended recipient. There are many a time where you are literally stranded in a new touring spot, particularly when you’re travelling abroad, requiring your spouse to transfer cash pronto. Is Western Money Union the best way to transfer money internationally?

Western Union is one of the biggest names in the international money transfer services, thanks to its one-time leadership in telegraph business. Telegram services terminated its operation only in 2006, but by then Western Union had forayed into new ventures. Currently, it has branched out in 200 countries in over 5, 00,000 locations around the globe. Customers can transfer money easily by phone, in person or through the Western Union website.

Fees can vary depending on a number of factors such as the payment type, how fast the money is transferred, whether the money is wired to a bank, or paid in cash, where it is transferred from, and where it is received. If there is international transfer involved, the exchange rate comes into play and is included to the cost.

The international transfer fees for Western Union can vary location wise. For example, to transfer $500 from the United States to Mexico, you have to either pay cash at Western Union agent, or withdraw funds from your online bank account, and the recipient receives it in cash, such transaction costs $5.00. If the same transaction is done using a debit or credit card, it costs $7.00. The same transaction in the case of a bank-to-bank transfer or using a debit or credit card to pay money into a bank account costs $2.99. If the payment is transferred online or through the mobile payment app, the fees fall in the range of $4.00 to $7.00. However, for transfers in the Ireland region, the fees may go up to $42.00, and in China charges fall between the range of $10.00 and $75.00. Western Union, in many ways, is cheaper than most payment transfer services. Looking for the most reliable Western Union money transfer services in Coimbatore? Look no further than Emperor Traveline.