All of the money transfer services offer quick transfers if your payment is made with a debit or credit card. If you use a bank account, the transfer will take between three and four business days.
Take note, however: although bank to bank transfers are the cheapest way to transfer money, they also take longer than others.
If you’re unfamiliar with the location where the money will be sent, make sure to ask the recipient if the surrounding area is safe. Just because it’s close by doesn’t mean it’s the best. Moneygram, Western Union, and Ria all offer a home delivery service. Naturally, it takes longer to have the cash delivered than it does to pick up, but a credit, cash, or debit transfer will still usually arrive the same day. [4] X Research source [5] X Research source [6] X Research source
In order to pick the money up, the recipient must show their ID and know the transaction number for the transfer. You will also be required to set up an account with the transfer company if you send money online. If you plan on sending money with your bank account, you will have to enter your account information and verify the account.
If you wish, you can also go to a physical Western Union or Moneygram location, pay cash, and have it deposited into the recipient’s account.
If you’re sending more than $500, Western Union’s transfers into bank accounts are free. If you are sending less than that, the charge is anywhere from $1. 00-$7. 00, depending on the amount and form of payment. Remitly never charges for a transfer from your bank account into the recipient’s bank account (no matter the amount), but charges a flat fee of $3. 99 for using a debit card. All of the other services charge anywhere from $3. 00-$104 depending on the amount sent and the method of payment, with Ria’s fees for credit card payments being the highest.
