Western Union rates differ according to transactions performed.
The Western Union has become one of the most popular resources used by people in several countries around the world to send and receive funds for various purposes. This means that a large number of customers want to know ahead of time how much it is going to cost to use the company’s services. However, Western Union rates will usually vary according to the type of transaction being performed and the amount of money that will be changing hands.
Fees Available Online
Customers who would like to estimate the Western Union rates they are going to pay to process their transaction can usually find them on the company’s website when using the ‘Estimate Price’ function.
In some cases, it may be possible to obtain discounts or take advantage of current promotions by registering with the company’s dedicated loyalty program. Known as My WU, the loyalty program makes it possible for loyal customers to earn points each time they send a qualifying transfer to friends or family members.
Additional Fees may Sometimes Apply
In some cases, there may be additional fees to pay in conjunction with the current Western Union rates. These usually apply if you make use of a credit card to send funds over the phone or online. You will also need to keep in mind that additional interest rates may be levied by your credit card issuer as well. These fees can be avoided by using a debit card instead.
Always Compare Rates before Performing Transactions
In addition to standard Western Union rates, the company may also profit from performing the currency exchange part of your transaction (when applicable). When you select a money transmitter, always be sure to compare the current exchange rates as well as the transfer fees that are being charged.
Foreign exchange rates and fees could vary according to channel, brand, and location and are based on several other factors as well. It is also important to remember that Western union rates and fees will always be subject to change without prior notice.
One of the main advantages of using the Western Union to send or receive money all over the world is the fact that they are available 24 hours a day 7 days a week, either at a branch, over the phone, via the internet or by means of a phone app. This enables everyone who wants to send or receive funds to do so as conveniently and quickly as possible.
As with any other form of banking or money transfer service, never ever share your login details with anyone else. This results in there being a strong chance of your Western Union account being hacked.