![]() Not every service uses the same methods and you want to pay attention to how you will fund your transfer, especially if you wish to avoid using banks. If you’re thinking of getting one, it’s wise to look at the modalities and fees associated with obtaining and holding such a card. Those additional services can be extremely convenient for various reasons, especially for customers who travel a lot. Those cards can be debit cards, credit cards, prepaid cards, etc. Some companies propose cards to, in some way, substitute themselves to traditional banks. There can be many more fees and you want to make sure you’ve considered every financial aspect of the transfer service you’re going for. Most services will take their margin on charging you a flat amount for the service, but also for changing your currency into the local currency of the transfer’s destination. Some of those costs are more or less opaque depending on the company you’re going for, and you want to avoid bad surprises. If you’re sending money abroad, there are many stages in the transfer process at which it will be subject to fees. Due to numerous laws and banking regulations, you need to make sure you can effectively use a certain service but that you’re also allowed to send money to a specific country in your specific desired currency. Not every transfer company can help anyone send money everywhere. While money never disappears when being transferred, it is always better to be able to get in touch with the service easily. Depending on the service that you use and depending on whether or not they have physical locations, you will have a better time dealing with problems. ![]() Sending money abroad is always a stressful process and you want to make sure you’re able to troubleshoot problems. How To Choose The Best International Money Transfer Company Western Union allows cash pickups, whereas TransferWise does not.Western Union allows transfers at physical locations, whereas TransferWise operates online only.Western Union allows customers to send money to 200 countries, whereas TransferWise only supports transfers to 60 countries. ![]() TransferWise proposes a debit card, whereas Western Union proposes a pre-paid card.TransferWise proposes a multi-currency wallet, whereas Western Union has none.TransferWise has transparent transfer fees, whereas Western Union has a more complex fee structure.Note: TransferWise rebranded itself Wise in early 2021 and is now referred to as such. the rare situation in which it is more advantageous to go for Western Union.what TransferWise and Western Union do different.why TransferWise is the new champion of international money transfer.TransferWise definitely comes on top and after reading this article you’ll know why. In this Below, you’ll find a comparison of two overseas money transfer giants: TransferWise and Western Union. All rights reserved.If you’re looking to send money abroad you’re probably overwhelmed, as it is way more complex than sending money to another bank account in your country. Transaction fees may also apply to transactions other than EDGE Network Payment services. WUBS will apply a foreign currency exchange rate, which includes a margin set by WUBS, whenever a transaction includes a currency conversion. * Transaction fee-free EDGE Network Payment services are available between fully accredited WUBS customers that have registered to use the WU® EDGE platform and are authorised by a WUBS affiliate to access services in USA, Canada, United Kingdom, France, Italy, Austria, Germany, Poland, Czech Republic, Singapore, Hong Kong, Australia and New Zealand. 3446)), is a branch of Western Union International Bank GmbH, a company organised under Austrian Law (registered at the Vienna Commercial Court, Commercial Registry Number: FN256184t Sales Tax Identification Number: ATU 61347377 Registered Office: The Icon Vienna (Turm 24), Wiedner GürVienna, Austria Corporate Capital: €12.000.000 Sole Shareholder (and therefore subject to the direction and coordination activity of): Western Union Overseas Limited) and which is a bank registered on a list of banks maintained by the Austrian Financial Market Authority ( Finanzmarktaufsicht). Western Union International Bank GmbH, Italy Branch (Registered Office in Rome: Via Barberini 68, 00187 Italy Fiscal Code and Companies House Registration number: 13068651002 Enrolled in the Bank Register held by Bank of Italy (no. ![]() Western Union Business Solutions is a business unit of the Western Union Company and provides services in Italy through its wholly owned subsidiary, Western Union International Bank GmbH, Italy Branch. The information contained within this website does not constitute financial advice or a financial recommendation, is general in nature and has been prepared without taking into account your objectives, financial situation or needs. ![]()
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