WESTERN UNION MONEY TRANSFER SERVICES REVIEW

This time the money transfer service company that we have reviewed is Western Union (WU). I have heard plenty of feedback from different customers from Western Union but like any money transfer company it also has its pros and cons. Our aim at GLOBALOFW.COM is to provide you the important information you need to make a wise decision on what money transfer company to chose when sending money abroad.

According to Western Union’s website: “They are a global leader in money transfer services, offering the ability to send money abroad to more than 320,000 Western Union Agent locations in over 200 countries and territories. They say that you can count on Western Union to transfer money, send bill payments, and purchase money orders and prepaid services.”

Western Union has been in existence for more that 150 years and is one of the well known companies when you talk about money transfer services and remittance. Western Union is also known for charging fees that are way higher compared to its counterparts like Xoom which we have reviewed already. You can check the comparison between Xoom and Western Union by clicking this link Money Transfer Fees.

There has also been issues about Western Union that made immigrant advocacy groups from around the US to accuse Western Union, the largest U.S. money transfer company, of charging exorbitant fees while failing to adequately reinvest in immigrant communities. They want the money transfer giant to lower its fees and put some of its profit back into the communities that use its services. The dispute underscores the growing demand for affordable and fast money transfer services. The World Bank estimated that in 2005, poor countries received more than $250 billion in receipts from international workers, more than all foreign aid combined. You can check the video for more details.

Here’s How Western Union Works

Here are the simple steps to send money abroad to family and friends using Western Union money transfer services.

1. Go to your nearest Western Union office and fill in the “To send money” form. Make sure that you bring with you an identity card for verification purposes.

2. Hand the form and money to the Western Union agent who will then give you a receipt with a specific transfer number.

3. Inform the recipient of your money transfer and the amount sent and if possible the transfer number.

Going to a Western Union office and requesting a money transfer is simple and easy since WU has a lot of branches around the world. One of the first things you need to do is to to fill up a form where you simply enter your contact information, your recipient’s information and the amount you want to send. Western Union charges a fee for the service and the money is wired to the specified location. In a manner of minutes, your money can be ready for pickup at the designated Western Union location within a few minutes of it being entered into the system.

We have reviewed Western Union money transfer services and it is more well known than some of its competitors in terms of its reach and number of locations but it does charge a much higher fee compare to some of its competitors. Now it is time for you to check it out and tell us if they stand true to what they say and do they really deliver the right money transfer services that you deserve.