Western Union:Steps on how to receive and transfer money

Last Updated on May 1, 2024 by admin

Western Union, a renowned name in the global financial services industry, has a rich history that spans over a century. From its humble beginnings to its current status as a leader in money transfer services, Western Union has continuously evolved to meet the changing needs of its customers

The international money transfer service, which enables individuals to send and receive money worldwide. With a network in over 200 countries, controls 20% of all remittance transactions with over $80B annually.

Customers can send money online from wu.com. After you’ve chosen your destination country, you’ll see the types of services available to you.The service is Fast and reliable it has good Competitive rates and fees

Table of Contents

Key Services

International Money Transfers: Western Union’s core service is sending and receiving money across borders quickly and reliably. You can send money to over 200 countries and territories.

Multiple Transfer Methods:
- In-Person: Visit a Western Union agent location with cash or a debit card.
- Online: Send money through the Western Union website.
- Mobile App: Use Western Union’s mobile app to initiate transfers.
- Bank account: Link your bank account for direct transfers in certain countries.

Cash Payouts and More:
- Cash Pick-up: Recipients can collect the sent money in cash at Western Union locations.
- Bank Deposits: Western Union can deposit funds directly into some bank accounts.
- Mobile Wallet Top-ups: Funds can be sent to mobile wallets in certain regions.

Though before you can send or receive money you need have valid Required Documents , in case of Nigeria you need to have:

A valid BVN – your bank verification number
A valid email address and a phone number
A Nigeria issued debit card

However, different countries have different requirements so you need to check western union online portal to find out requirements for your country of destination

Requirements for Receiving Western union Payments in Nigeria

To receive Western union payment in Nigeria you need to provide the following:

1. The Money Transfer Control Number (MTCN)
2. Expected Amount
3. Acceptable means of identification
4. The receiver’s name, address and phone numbers
5. Sender’s name and country (city to be included for transfers coming from the US and Mexico)
6. Test Question and Answer where applicable.

Direct to Account:

Sender to select ‘Direct to Account/Bank’ option and input receiver’s Account number and bank name . Money is transferred directly to your account

Requirements for Sending Payments Western union in Nigeria

To send out foreign money transfer through Western Uinon you need to provide the following Requirements

1. Sender’s name, Phone number, address
2. The receiver’s name and country
3. Amount in Naira
4. Acceptable means of identification (see Required Documents)
5. Sender must have a FirstBank account or be identified by an account holder
6. Test Question and Answer where applicable
7. A maximum send limit of 3,000USD Naira equivalent per customer per quarter, as stipulated by the Central Bank of Nigeria.

Requirement to create online money transfer via Western Union

Fill in the following fields: name, surname, e-mail, date of birth, country of birth, nationality, occupation, mobile number, street address, city, valid BVN ID and answer the secret question.

How to send Western union through online transfer

To complete your first money transfer, you will have to create an online profile as well verified it then follow these steps:

1. Register on wu.com.
2. Provide your valid BVN number.
3.Verify your email address.
4. Finish your online profile registration and agree on terms and conditions of the service.
5. Verify your phone number.
6. Start your online money transfer.

Pick-up Cash in US Dollars

Customers and non-customers can pick-up cash in US Dollars at any of our branches or have deposited directly into their domiciliary account upon receipt of foreign currency.

To pick up cash at any of our branches, the customer must carry any of the below valid means of identification:

1. BVN
2. Nigerian Driver’s License
3. International Passport
4. Permanent Voter’s Card
5. NIMC ID card

This process can be use by all Nigeria commercial bank and other countries in the world. Please ensure you check with your country bank requirements.

How to track western Union

To track your western union transfer kindly visit https://www.westernunion.com/global-service/track-transfer

Then input your 10 digit MTCN Number on the mtcn tracking number space indicte is you are receiver or sender

FAQs

1. Q: How long has Western Union been in operation?

A: Western Union was founded in 1851, making it one of the oldest and most established financial services companies in the world.

2. Q: What services does Western Union offer besides money transfers?

A: In addition to money transfer services, Western Union also provides bill payment services and specialized business solutions for companies of all sizes.

3.Q: How does Western Union ensure the security of its transactions?

A: Western Union has robust security measures in place, including encryption technologies, identity verification procedures, and compliance with regulatory guidelines to prevent fraud and safeguard customer information.

4. Q: Can individuals without a bank account use Western Union’s services?

A: Yes, Western Union’s services are accessible to individuals without a bank account, providing a convenient way to send and receive money globally through its extensive network of agent locations and digital platforms.

Source: Western Union

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Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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