![]() ![]() The Amount Transferred: Larger amounts attract higher rates than smaller amounts The Payout Method: Cash pickups incur lower interest rates than traditional bank transfers ![]() The Type of Transfer: Online money transfers attract higher rates than transfers arranged via an in-person visit to an agent The rates charged are different and dependent on several factors such as: Western Union applies a margin to the mid market rate for any given currency pair. For this reason, understanding how much of your money is being spent on these costs means you can make a more well-informed decision about whether this service provider is for you. Service providers like Western Union make a profit from foreign exchange spread, transfer fees and any other charges paid by the customer. Western Union exchange rates, fees and costs The objective of this company review, however, is to provide an impartial and honest look at how affordable and effective this operator really is. Western Union is a household name and the company’s yellow and black logo is globally recognised. The Western Union headquarters are located in Denver, Colorado and there are over 500,000 agent locations worldwide, offering wire transfer and mobile money transfer services. Since then, the provider has gone from strength to strength, becoming one of the biggest remittance companies in the world. Starting out in 1851 as a communications company specialising in telegraph-related services, in 2006 Western Union decided to concentrate their efforts on money transfers. Western Union is a US-based company that provides various ways to transfer money around the world. In this review of the company we will assess how expensive, efficient and trustworthy Western Union money transfers are. Founded in the United States over 170 years ago, this company has grown into a global operation that supports international remittances from all four corners of the world. The Western Union brand is perhaps one of the most well-known in the money transfer industry. ![]()
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