This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired business executive, entrepreneur and investment advisor in Texas. He has more than 40 years of business and financial experience as vice president of Blue Cross Blue Shield of Texas. He holds a BBA in Industrial Management from the University of Texas at Austin.
How To Send Western Union Money Transfer
Have you successfully sent a money transfer via Western Union and now want to cancel the transaction? A few simple steps can help with this.
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This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired business executive, entrepreneur and investment advisor in Texas. He has more than 40 years of business and financial experience as vice president of Blue Cross Blue Shield of Texas. He holds a BBA in Industrial Management from the University of Texas at Austin. This article has been read 397,743 times so far.
To cancel a Western Union money transfer, contact the place where you received the transfer. Tell them the details of the transaction and the reason for canceling the transfer. You may have to pay a cancellation fee, but you will pay the principal amount. Our checker’s money transfer control number or MTCN. Co-founder Laurent has been investigating money transfer services for over six years and loves to share his international payments expertise with others.
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Western Union Singapore is the Singapore arm of global money transfer giant Western Union and helps customers in the country send money abroad in nearly 150 currencies worldwide. Although not the cheapest provider for money transfers to Singapore, Western Union pays the price when it comes to service area and reliability.
To learn more about whether Western Union Singapore is really the right choice for your next global money transfer, check out our independent, in-depth analysis below:
First of all, it goes without saying that Western Union Singapore, part of its globally recognized parent company, is a very good money transfer service, trusted by tens of thousands of customers every year, and offers much more competitive commissions than global transfers. Major Singaporean banks do.
In addition, Western Union Singapore also offers global money transfer to a wide network of countries and foreign currencies through a fairly easy-to-use website and mobile app available in English and Simplified Chinese.
Western Union Money Transfer Amsterdam Netherlands Holland Europe Stock Photo
Despite its excellent coverage and service performance, Western Union Singapore lags behind in terms of customer reviews and prices, as it is almost never the cheapest money transfer provider from Singapore.
Our independent review of Western Union Singapore is based on extensive research. Use our table of contents below to jump directly to the area of interest and learn more about how Western Union works in Singapore. If you’d like to read our full, in-depth review of Western Union, you can do so here.
Denver (HQ), Los Angeles, NYC, Omaha (NE), Washington DC, Adelaide (Australia), Brisbane, Melbourne, Perth, Sydney, Vienna (2 offices), London (2 offices), Montreal, Ottawa, Toronto, Vancouver , Waterloo (Canada), Nicosia, Prague, Courbevoie (France), Lyon, Frankfurt am Main, Hong Kong, Dublin, Milan, Rome, Tokyo, Kuala Lumpur (2 offices), Birkirkara (Malta), Auckland (New Zealand), Warsaw (Poland), Singapore, Zurich, Peterborough (United Kingdom)
It started operating on the market 169 years ago as a telegraph company; the world’s largest money transfer service provider.
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In Singapore, Western Union offers competitive online transfer fees and exchange rates compared to traditional Singapore banks such as UOB, DBS, Maybank and OCBC.
Despite the low fees, Western Union Singapore is generally more expensive than other transfer services, as you can see in our comparison engine below:
In general, Western Union is the average choice for global transfers to or from Singapore. Unfortunately, the relatively high cost of sending money abroad with Western Union Singapore is not obvious at first glance, compounded by the fact that fees, exchange rates and the total amount payable can vary depending on the destination. country and currency.
To make things easier to understand, let’s start by exploring the typical fees you pay when making a global transfer with Western Union Singapore:
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When you send money from Singapore using Western Union, you’ll pay a fixed fee (called a “transfer fee” by the platform), which can vary dramatically depending on the amount you’re sending and the destination currency.
While these transfer fees can often be as little as a few Singapore dollars, most of the fees you pay are in the form of exchange rate differences, a hidden surcharge by Western Union using a lower exchange rate than yours. as prevailing among banks (known as the mid-market rate). Therefore, even if the transfer appears to have no fees, if Western Union lists the “transfer fee” amount as S$0, you will still be charged a high exchange rate difference fee.
For example, if you send S$250 to a friend in the Philippines, Western Union Singapore does not charge any transfer fees, but charges an exchange rate difference of about 0.53%. This means your friend will receive ₱50 less than if he transferred at the average market rate and ₱35 less than WorldRemit, the cheapest provider in this corridor. .
Take a look at the chart below to get a better idea of how Western Union Singapore stacks up against its competitors on some popular corridors:
Western Union Money Transfer Bureau De Change In London Uk Stock Photo
As you can see above, Western Union Singapore is usually not the cheapest provider when sending money abroad from Singapore. Therefore, other popular service providers in Singapore may also be of interest to you.
Please note that actual fees and rates are subject to change and may be different at last check. If you want to find the cheapest money transfer from Singapore, it’s best to use a money transfer comparison engine that gives you up-to-date information and live exchange rates.
Alternatively, learn about the three providers that are the cheapest on average for money transfers from Singapore, based on an analysis of tens of thousands of searches on our comparison engine:
Like the rest of the Western Union platform, Western Union Singapore offers a very simple and straightforward way to send money abroad, allowing you to use many transfer services easily and conveniently.
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The Western Union Singapore home page is clear and easy to understand, and the steps to open an account are quick, clear and concise. Plus, setting up an online bank transfer with Western Union Singapore is relatively easy, and the service is convenient on mobile, tablet and desktop devices alike.
If you want to make a cash transfer from one of the Western Union agent locations in Singapore, the website clearly shows you the steps, where you need to go, and the opening hours of each location.
All in all, Western Union Singapore is a highly reliable and secure organization that you can trust. As a company, Western Union is fully licensed and licensed in both Singapore and all other countries in which it operates. In addition, the service itself has received many positive customer reviews, most of which express a high degree of trust in the company.
Western Union employs a large number of people in Singapore, and its parent company has transferred at least S$6.75 billion to its customers so far. In addition, Western Union Singapore and Western Union itself have been mentioned in many prominent local and international media, from The Straits Times to The Wall Street Journal.
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Perhaps the strongest point of Western Union is its excellent service and coverage. Allowing you to send money from Singapore to almost any country in the world in more than 150 currencies, Western Union Singapore not only has a wide range of payment options, but also flexible ones. That’s because Western Union allows you to send money abroad via bank transfer, credit/debit card payment, cash transfer, and more, either online or in person at one of the many agent locations. In Singapore.
However, the downside of Western Union is that you won’t have the option to set up repeat transfers or standing orders, and it will be mandatory.
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