Alternatives to Western Union Money Transfers

For many people, banks are among their first choice when sending money. They’re often considered very reliable and safe for transfers, offering protection to sender and recipient.

Many banks charge fees to send money internationally. This means banks are rarely the least expensive way to send money.

In addition, to send or receive money at a bank you need to be their customer. For people who are travelling, and need money in a hurry, this could be problematic and limit their access to a money transfer.

At the same time, Western Union is accessible anywhere you can log onto the internet, make a phone call, or walk into one of their locations. Send money using a credit or debit card, or any bank account, improving access to money transfers.} number="01" /> Western Union is one of the long-standing “traditional” money transfer companies. For many years, it was one of the few options available to send money internationally for many years.

The company and its competition in the traditional money transfer space, including MoneyGram and Ria Money Transfer, benefits from years of trust and name recognition. This trust helps Western Union gain more customers.

Western Union and its similar competitors can fall short, though. Transferring money is often more expensive with companies that operate branches, sending customers to newer, online-only companies.} number="02" /> The internet has greatly changed the money transfer industry, broadening access to sending and receiving money online. These new companies have brought costs down for consumers, giving people more control and choice in what they choose.

They use the latest technology to send money securely from one location to another. They also don’t operate physical locations or manage thousands of employees, making them less expensive than their more traditional counterparts.

Where these transfer companies can fall short - in trust. Many people are hesitant to send money with a company they’ve not heard of or that hasn’t been around for years.

Western Union has the advantage over many of these newer companies because of its name recognition. It’s highly trusted, but also offers access online and via the app, giving increased ability to transfer money wherever you are.} number="03" />

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