Does western union require phone number?
Using a bank may mean a steep fee, and there’s a high chance your transfer will be processed using the SWIFT network, which can mean extra charges, too. Alternatively, choose an alternative provider, such as PayPal, Western Union or Wise.
If you’re thinking of making an international transfer with Western Union, here’s all you need to know.
Western Union is one of the largest money transfer services in the world. You can send a payment online, in the Western Union app, or in a Western Union branch location.
You’ll also be able to select how you want your recipient to get their money, with options including direct bank deposits, and cash for collection or delivery.
The exact options you have with Western Union will depend on where you’re sending money to — but you can easily model your payment online or call into a local branch to check which services are available in your destination country.
If you’re wondering how to use Western Union, the first thing you’ll need to do is register a Western Union account.
You can do this online or in a store, and depending on the transfer type you’re making you might need to also complete a verification step. This usually involves showing or uploading an ID document.
If you’re sending a payment for cash collection you’ll normally only need to enter the recipient’s full name as shown on their government issued ID document, and confirm where they will collect the payment.
Yes. You can send a Western Union payment to yourself, which can be handy if you’re traveling somewhere without access to ATMs and don’t want to carry too much cash, for example.
This service is designed mainly for people who are traveling.
Online commentators have noted that if you’re sending a payment to yourself, and the send and receive cities are the same, the payment may not be processed smoothly.
Making an international transfer with Western Union is fairly straightforward. You can go to a local location to process the transaction if you need some help and want to deal with someone face to face².
The costs and fees vary, depending on both how you pay for the transfer and how you want it to be received.
Before we begin, it’s important to know that there are many scams which ask people to send money via Western Union. Make sure you’re confident that you’re sending money to the right person, and for a genuine reason.
For example, if a third party contacts you to say that a friend or family member has had an emergency and needs cash quickly, you should always verify the details directly with the person involved.
Similarly, Western Union isn’t intended for online shopping like a service such as PayPal, and so it doesn’t have the same levels of buyer or seller protection as a service specialized in this area.
This means it’s not usually a good choice for online shopping or buying products through a service like Craigslist.
Once you’re sure that the person you’re sending money to is genuine, you have to collect and verify some details to make sure the process goes smoothly.
We covered the answer to the question: what does Western Union need to send money, earlier — so scroll up for the lowdown on what’s required according to the payment type.
Now you need to decide how to process the transfer — in a branch, online, or on the phone².
If you’d rather deal with someone face to face, you can send money via a Western Union office, using cash or sometimes a debit card, depending on the location.²
If you want to process your transfer online you’ll need to first create a profile to do so.
Once you have a profile, either on the website or app, you just select Send Money and follow the steps set out.
You can pay with cash by later visiting a Western Union office, or online by using a credit or debit card, or a bank transfer².
Some transfers can be carried out on the phone using a credit or debit card.
However, this option won’t be available for all transfers, so check the availability in your particular circumstances².
Whichever route you choose, you must complete a form — either online, on the phone, or in hard copy — giving the details of both the payment and recipient.
You’ll be asked how you wish to pay for the transfer, and in most cases, you can choose between cash if you’re in a branch, while online you can use credit or debit card, or a bank transfer.
The charges and fees for these different payment methods vary widely. We’ll cover these in more detail below.
When you place the transfer, you’ll get a MTCN reference number. This is used by the recipient to collect the cash³.
You’ll need to give the MTCN number to the recipient if they’re planning on visiting a local Western Union outlet to collect their cash³.
The MTCN (Money Transfer Control Number) is a tracking number given when you place your transfer and can be used if you need to trace the payment³.
You can do this online, or by visiting a branch for help³.
Processing time can vary from a few minutes to several days, depending on the payment method and whether the recipient is collecting in person or not.
The estimated processing time is shown at the point you place your transfer, and you can then track the progress of your transfer using your reference number if you need to.
Once the transfer is processed your recipient can collect it in a Western Union office, or draw it directly from their bank account if you opted for a bank transfer instead.
If you’re receiving a Western Union payment to your bank account you won’t need to take any action at all.
The funds will simply be deposited into your account once the payment has been processed.
However, if you’ve agreed on a payment for cash collection, you’ll need to head to a Western Union agent near you with your government issued ID and the MTCN that the sender has given you.
Show your ID and confirm the MTCN to receive your payment in cash from the agent.
The costs to make a transfer will vary, depending on where you’re sending money, how the payment is funded, and how the recipient receives the money.
Let’s take a look at an example of the fees you might see, sending 600 USD to a friend in the UK:
When you’re calculating the costs of a transfer on the Western Union website, you’ll find the following disclaimer in the footnotes:
So how do you compare the exchange rates used by different money exchange and transfer services?
Firstly, find the mid-market rate for your currency online. That’s the rate used by banks and financial institutions on the open market — however, it’s not often passed on to customers.
Instead, services roll up their profit into the exchange rate they apply. This isn’t transparent and can mean that customers pay more than they need to.
Some services like Wise use the mid-market rate, and apply only a small transparent fee to each transaction. That makes it much easier for customers to understand and compare the true cost of the transfer — and can be much cheaper, too.
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The exchange rates used by both Western Union and traditional banks typically include a markup on the real exchange rate. However, the amount of this markup varies depending on the currency pairing involved.
That means that a good way to check which is the best value is to call into your bank to get their rates and then compare them online with the rate for your currency pairing offered on Western Union.
Don’t forget to compare both rates with the mid-market rate, too. And if you don’t think they offer a fair deal, try a different provider entirely, like Wise.
You can choose to make a payment in cash, by visiting a branch in person — or using a credit or debit card, or bank transfer.
The fees applied vary depending on the payment method, with credit or debit card payments usually costing more than a bank transfer, for example.
Making an international transfer with Western Union isn’t too complicated. Just a few simple steps and you’ll be on your way. However, before you start, it’s well worth checking out other methods of making the transfer to see if there’s a cheaper way to transfer your money.
You might find that using an alternative provider which offers the real exchange rate and specializes in international money transfers, such as Wise, might be a better option.
Set up your Wise account
Sources checked on 06.15.2022
There are all sorts of possible methods for moving money to your loved ones. If you want a way that’s quick and simple, then a wire transfer could be right for you.
Whether you’re sending a gift to family living a few blocks away or supporting friends in Australia or anywhere else around the world, knowing what is needed for a wire transfer is vital. Following wire transfer instructions properly helps get money to the right people at the right time with ease.
Understand what information is needed for a wire transfer when sending money internationally or domestically via your bank or a money transfer service with this guide.
• What information do you need for a bank-to-bank wire transfer? • What information do you need to wire money using an online money transfer service? • The importance of following wire transfer instructions • FAQs and guides
Making a wire transfer from your bank account to one held with another bank is a common way to move large amounts of money within the US and overseas. Generally, you need to provide your full name and phone number as the sender. You’ll also need to give the receiver’s:
Normally you can fill in a form at your local bank branch or complete one online.
These are the essential details, but wire transfer requirements can differ when sending money internationally or domestically.
What information is needed for an international wire transfer includes all the above and one or more of the following for your receiver:
Find out more in our guide to SWIFT and BIC codes.
Wire transfer requirements when sending money domestically to someone or a business in the US are slightly different. You don’t need a SWIFT or IBAN code but instead require these two codes to make a domestic bank transfer:
What information is needed for a wire transfer can differ if you use an online money transfer service rather than a bank. Wiring money via a money transfer service may be quicker and more affordable, with the costs based on factors including how much you want to wire, the destination and receiving currency (for international wire transfers).
The main difference is that the money you wire doesn’t have to be from your bank account – you can often cover the costs with a credit/debit card or even cash.
Online money transfer services provide an alternative to bank-to-bank wire transfers, and you can often send money around the world 24/7. Simply register and verify a profile with your provider of choice and prepare the following information to transfer money depending on your preferred method.
To send money online or via your provider’s app, you first need to register Then you can arrange to transfer money, but may also need your:
Like visiting a bank, money transfer services often allow you to send money in person. This could be to set up a money transfer from the start or complete one you began online. Either way, you may need:
Sending money to a mobile wallet can be quick and convenient. To do this you may need your:
You can also use money transfer services to send money to a bank account, whether you have a bank account yourself or not. To do this you generally need your receiver’s:
Then it depends if you’re sending money domestically or internationally. Further information you need includes:
Carefully following wire transfer instructions is essential to make sure the money you send arrives with your intended receiver. Double check you have met all wire transfer requirements for the destination and bank or money transfer service you use. This includes filling in the right digits for your receiver’s bank account and spelling everything correctly.
Making a mistake or missing a step when following wire transfer instructions could mean the money goes to the wrong account. If an account doesn’t exist, the wire transfer may be rejected and returned, causing a delay. This is especially an issue when wiring money to pay for a bill or where another deadline is in place.
- The sender's full name.
- The country where the money was sent from.
- The approximate amount that was sent.
- The tracking number (MTCN – Money Transfer Control Number)
- Acceptable ID documents are also required.
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