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Rytis Cekauskas 2019-9-30

5 reasons to send money to a bank account with Western Union

Everything we do at Western Union is done with you in mind. It’s our mission to provide you with the best possible money transfer experience empowering you to support the ones you love no matter the distance. That’s why Western Union makes it easy to send online money transfers to billions of bank accounts around the world.

Why should you send money online to a bank account with Western Union? Here are the top 5 reasons:

Number 1: Transparent fees

In many parts of the world, banks charge high fees if you want to transfer money to a friend’s bank account from abroad. Hidden fees and complex exchange rate calculations can make sending money from a bank account to a bank account confusing and expensive. If you want to know a convenient way to send money abroad to another bank, Western Union is the service you’re looking for.

With Western Union’s money transfer services, you always know the exchange rates and fees before you make a transaction. In addition to being one of the best ways to transfer money internationally, transfers of money between bank accounts are often less expensive than sending money for cash pickup.

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Number 2: Make receiving money easy for loved ones

Supporting family and friends is the most common reason people send with Western Union. A large part of why people transfer money is to make life easier for the ones they love. If you can’t be there in person, at least you know they’re taken care of financially. Sending money with Western Union to a bank account means that your receiver doesn’t even have to leave the house to get their money. No lines, no waiting; just the money your loved one needs in their account.

Number 3: Easy repeat transfers

We believe that transferring money online to another bank account should be as simple as possible. If you transfer to an international bank account on a regular basis, you should only have to input the receiver’s details when making your first transaction. With WU.com and the Western Union® app you can easily save your receiver’s bank account details and make repeat transfers whenever you like from the comfort of your home or on the go.

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Number 4: Financing overseas investments

Having the ability to make large payments in a way that is reliable and easy to track is a necessity for anyone looking to make an investment in a foreign country. Depending on the sender and receiver country, the maximum amount that you will be able to send to a bank account can vary. You can always contact our customer support if you have any questions regarding transfer limits.

 

We know how important peace of mind is, especially when sending large amounts of money to a foreign country. Thanks to the MTCN (tracking number), you can rest easy as your receivers can track every international money transfer in real-time.

Number 5: Universal acceptance

While the saying “cash is king” may be true, not everyone is always willing to accept cash when you want to pay for things abroad. Having the ability to transfer money to overseas accounts makes paying mortgages and other bills in a foreign country easy. Not only does the ability to send repeat transfers make monthly bill paying simple, it also doesn’t require opening a bank account abroad.

From supporting the ones you love back home to planning for your future, there are several reasons for sending money to bank accounts. We strive to create the best money transfer experience for our customers around the world every day. Find out how Western Union can help you move money for better.

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