Compare Money Transfer working in collaboration with Western Union. With Western Union online foreign exchange service; you can arrange your currency exchange online or over the phone with the Western Union currency broker. In fact, the moment you complete an online application form with Western Union you will be assigned a personal or business account manager who will explain how to complete a currency transfer with Western Union, what the rules and guidelines of doing a foreign exchange transfer overseas and how they can save you money.
Whether you’re buying an overseas property, emigrating, paying bills, or making a currency transaction for any other reason, Western Union can save you money on your currency transfers.
Western Union deal directly with the currency markets, which means Western Union can offer highly competitive exchange rates on all major currencies, often beating the bank’s rate from 3%t to 5%
To obtain a free quotation online, fill in the simple form to the right and a personal account manager will contact you to find out your requirements. All currency advice including the quotation is free from Western Union
When ordering your foreign currency confirm what charges may apply, also confirm what currencies they do. In most cases Western Union cover most currencies in the range of up to 67 currencies.
Western Union Payment Types
Western Union offers Spot Exchange Rate – This is the exchange rate, which is used as the real exchange rate for any currency and at the current prices of market. Mainly derived by the market called FOREX, based of flow of demand and supply of particular currency, this exchange rate used on a minute-by-minute basis of the exchange rate.
Bi-lateral Exchange Rate – Very simple in calculation, this rate is based on the way in which you can trade one currency against the other one. For e.g.: Sterling/US Dollar.
Forward Exchange Rate – This exchange rate is based on forward rate the currency will have in some fixed future time. Such exchange rate is generally fixed n used by business houses and banks, which wants to reduce the risk of exchange rate uncertainty of the market.
Effective Exchange Rate Index (EER) – This exchange rate is calculated with of sterling values’ weighted index with many international currencies. Then the proportion is determined based on the weights for proportionate trade between the United Kingdom and each country.
Additional terms by Western Union currency will be delivered Monday to Friday, excluding Public Holidays.
Cut-off for next day delivery online is 2pm and for telephone orders it's 3pm, though delivery to certain remote parts of the UK may take up to three to seven working days
Telephone orders are available for Western Union customers and depending on the amount, Western Union may charge a fee to transfer your money.
Since 1871, Western Union is providing its service to the world. At the beginning, the areas of sending money were limited because that time they were using telecom network. But after coming of internet, Western Union has started to transfer money all over the world and still Western Union is doing the same work with lots of customers and their faith. For using Western Union, you need a bank account. That's it!
Information about fees and exchanges rates-Western Union does money transfer more then 110 countries around the world and because of this, every country has different but low charges on Western Union website.
The exchange rates change frequently. So before doing every transfer, Western Union gives the option of price estimator to its customers for checking daily rates. Western Union is a global leader in money transfer. And it takes only 10 minutes for money transfer in US. But for sending money in different country, it takes 4-5 working days. And this website does not take any other admin fees. And you can send at least $10 minimum money.
Rules and laws of different countries-Every country has their own laws and rules on money transfer. So you can not break the rules. You can send that much money only which has every country's government decided. So before doing any money transfer, check-out the rules of money transfer.( money sending country). Because Western Union follows the every country's rule.
Process of opening account-The process of opening account is every easy. Just you have to follow few steps. First you have to go on the Western Union website and check on register.
They ask you your details and after that you can start sending money in any country.
Simplicity and Safety? Western Union is famous for its simplicity and safety. You can not find it too much complicated. And it is world second biggest money transfer place where daily $10,000 transfer happens. It is also every safe. People have faith on it since 1871.
Criticism towards Western Union-It takes 10% charge on per transfer which is really too much for minimum money transfer.
Western Union Internet United Kingdom,