If you need to financially support your loving ones who live far away but do not have a bank account, Western Union empowers you to send monetary funds via their service. The company appears to be one of the biggest names among transfer networks. Like any company in the sphere, Western Union has its merits and flaws. Let’s consider some of the essential parameters:
Before you start sending the money, you are expected to register within the service’s system. All operations can be conducted online, in person, or via the official Western Union mobile app. Enter the system and create an account to start sending you financial support to the close ones.
Some people, however, prefer personal contact and face-to-face assistance. If this is your case, ensure to follow these instructions to complete the transfer operation:
All inherent info, including the tracking details, can be found on the transaction receipt. You are welcome to supervise the tracking by using the money tracking control number recognized as MTCN. Go online, seek assistance from a WU representative, or obtain the needed info by phone. All you need to provide to verify the qualification are:
Also, be ready to comply with the service’s charges for the money transfer.
Western Union fee policy depends on several factors that eventually form the final charge payment for almost any transaction. Consider the below-listed merits to understand the algorithm of establishing the fee:
Under the company’s strategy, all locations make a different rate. Thus, for example, sending money to Europe creates 20 percent markups, while sending funds to India will only make 1.99 percent of extra fees.
Different payment (or receiving) methods have various markups, too. Sending money via a credit card appears to be the most expensive strategy that can build up to 34 USD per transaction. Also, you need to consider your card provider’s fee policy, which can also withdraw some charges. When receiving the money, claiming cash will be more expensive compared to banking account transfers.
Following the company’s policy, exchange rates are based on the currency type and transfer method.
Other Financial Forms
Take a look at a few other financial PDFs accessible for editing in our software. Moreover, remember that you can easily upload, fill out, and edit any PDF at FormsPal.
Generate and download the needed Western Union PDF file template in high quality via our form-building software: complete, print out, and use it instantly. You are welcome to follow the tips of the guide below to avoid any troubleshooting while preparing the document.
The form consists of three main parts, including the client’s identification block and two transaction alternatives to choose from, relying on whether you plan to send or receive payments. Submit the parts, subsequently entering the valid data to avoid any unfavorable situations and money loss.
Identify the Western Union Customer
In the first spare field, the client should enter their full legal name in a printed manner, the exact way it is stated on their ID document (either passport, driver’s license, or proof of age card).
Provide the Customer’s Contact Details
Here, you need to select the right box to submit your contact data. If you are an existing customer and your name is included in the database, follow the instructions of the upper box and enter your mobile phone number and Western Union customer ID.
If you are new to Western Union service, make sure to fill out the lower box and disclose the info as follows:
Ensure to avoid P. O. Box address, as Western Union does not accept these data as a mailing location.
Once the heading part is completed, proceed to fill out the next appropriate section. Select the green-color part if you plan to send payments. If you expect to receive funds, choose the yellow-color section.
Prepare the “Send Money” Part
Here, the customer is expected to enter the following info regarding the procedure:
If the customer chooses a bank account, let them specify the bank name, code (BIC), and location. Also, disclose the account name and account number (IBAN).
If you wish to proceed with the transaction to a mobile, specify the country code and a phone number.
Complete the “Receive Money” Section
If you are the person to claim the payout, skip the green part and complete the following data in the corresponding section:
Leave the Black Section Blank
The final part of the document should be completed by the Western Union service representative. Leave the section blank before you submit the form.