This type of transfer will require a bank account, debit card, or credit card for funding. Various money transfer services can easily send money to various locations around the world within minutes. Simply visit a nearby agent location to initiate the transfer, and your recipient will be able to receive the funds at a branch near them shortly. Western Union offers multiple ways to send money internationally, and the international money transfer time depends on the country where your recipient lives and your transfer method.
To get money to your recipient within minutes, simply send funds online, with the app, or in-person at an agent location, and pay with your credit or debit card. Recipients can quickly pick-up cash at Western Union locations worldwide. To get money to your recipient within minutes, simply send funds online, with the app, or in-person at an agent location, and pay with your credit or debit card for the recipients to quickly pick-up cash at Western Union locations worldwide.
When you transfer money using a bank account, funds can arrive in as little as one banking day depending on where you are sending the money to. Find out what details you need for a bank account transfer and how long it will take to reach each country with our bank account details resource. Need a fast and reliable way to send money internationally? Whether you need to support friends and family nearby or around the globe, Western Union is there for you.
Send money with Western Union. All Rights Reserved. Cookie Settings. How long do international money transfers take? Australia By Cecilia Hendrix April 5, How do international money transfers work? Money transfer services can offer a more efficient and affordable option, often with lower exchange rates and fees than banks. They may also allow you to send larger amounts, which can be ideal for covering foreign property costs. Fees will vary depending on the bank and the location of the recipient.
Wire transfers through non-bank transfer services tend to come with lower costs. It may also be more convenient to complete the process online rather than visiting your branch in person. You will need to create an account with the organization and wire money online or over the phone. These services can also offer you more flexibility when it comes to choosing exchange rates.
Existing customers skip this step. Most ID checks are done electronically now, which has made the process a lot quicker and easier. Step 2 — Lock-in an exchange rate Your bank or money transfer company will want to know the currency you have to sell and the currency you need to buy.
You will then receive the latest exchange rate. If you are happy to go ahead, the exchange rate quoted will be locked-in for you. Shortly after, you will be emailed a confirmation with all the details of your transaction. Step 3 — Pay for your transfer You need to send your money in to pay for your international transfer. Get a quick quote. Converting your money into another currency is actually the quick part.
Most of the time taken is waiting for the recipient foreign bank to clear your funds. Using your bank for an international money transfer might seem an obvious choice. But there are lower-cost options to send money internationally. Most of the cost is hidden in the exchange rate not the fees. For smaller amounts, the exchange rate margin is a lot higher. And the fact is banks can be a bit of a pain to deal with. Compare our rates.
How safe is a money transfer company? Fortunately, there are some clear rules and procedures that regulated companies must follow. However, you can avoid these fees by being selective about who you use. Some money transfer companies, including Key Currency, charge no fees whatsoever! GoCardless is used by over 60, businesses around the world. Learn more about how you can improve payment processing at your business today. Learn more Sign Up.
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