Western Union operates as a conduit that allows people to send and receive funds by way of phone, Internet or a local Western Union center, according to its official website. Users can also attain Western Union prepaid cards, and they have the option of using the money-transfer center to pay bills.Know More
The official website further mentions how the process works when it comes to sending money from one of its service centers. After a sender hands over the necessary money and fills out the paperwork, funds are available within a few minutes to the person receiving the cash. Recipients can pick up the money at a Western Union center, or they can wait to see if the funds are available in their bank account, depending on how the money was sent. Western Union also highlights its convenient bill-payment system, allowing users to set up a plan that issues funds to a receiving company. One way to do so is through a system that sets up emergency or scheduled payments.
Western Union also notes that the transfer agency provides convenient payment systems for companies that conduct business internationally. Western Union's foreign exchange business solutions allow companies to make international payments and receive funds from abroad. Its banking center also offers a prepaid system where employees deposit funds from an employer and replenish money online. Prepaid cards are valid at ATMs, and these cards can be used for debit card transactions. Western Union also offers prepaid wireless and phone cards.Learn more in Personal Banking
Western Union has special tracking codes that it calls Money Transfer Control Numbers, or MTCN, which are essentially tracking numbers. Whenever a person uses the company for a money transfer service, it gives the sender this particular 10-digit code to keep as a reference.Full Answer >
Find Western Union agent locations by clicking on the "Find Locations" link on the Western Union home page and entering your location on the search form. Western Union has locations in countries throughout the world.Full Answer >
According to Western Union's website, Western Union charges a $5 fee for a standard EFT/ACH delivery and a $22 fee for expedited wire transfer delivery, as of September 2014. There is no fee to send a check to the payment recipient.Full Answer >
Western Union money transfer fees start at one dollar to send up to ten dollars in transfer funds. Fees vary based on if money is deposited into a bank account or picked up as cash, how much is transferred, and the mode of payment for the transfer.Full Answer >