How Western Union Works and How To Track Your Money

Money
How Western Union Works and How To Track Your Money

Often times, we’ve heard about Western Union, without knowing actually how it works and how we can track money or verify our transfer status.

Western Union being a global leader in cross-border, cross currency money movement, helps people and businesses move money from small businesses or global corporations to families near and far away, with an aim to help grow economies and realize a better world.

Western Union has continued to innovate, developing new and better ways to send money through digital mobile and retail channels, with a more balanced array of convenient pay-out options to meet business and consumers needs.

How Western Union Works

Just as Western Union is a platform with a better move of money, enabling individuals, families and friends to securely and seamlessly transfer money in different ways that are more convenient for them, be it walking into a retail location, using Western Union website or app to move money within few minutes. Here is a rundown of how Western Union works.

Western Union through its official website, westernunion.com, allows users to send and receive funds to others, pay bills, locate Western Union locations, track transfers and purchase Western Union Net spend gift cards. Western Union website also helps in spreading fraud awareness using videos, articles and quizzes to do so.


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Around October 2015, the company launched a surprise package known as Western Union Connect Service, following her partnership agreements with major instant messaging apps Wechat and Viber. This partnership allows users of Wechat to send up to $100 to China, US and 200 other countries, while Viber users can send up to $100 for $3.99 plus exchange rate fees, with that fixed fee increasing the more money is sent up a limit of $499.

 

Procedures In Sending Money/Funds Via Western Union

  • The sender goes to any western union office to present funds (known as plus fees) for any category of ‘Next Day’ or ‘Money in Minutes’ services.
  • The sender provides his or her name followed by an address, the recipient name and a designated payment destination.
  • A 10 – digit money transfer control number (MTCN) is provided by Western Union to the sender which he or she must provide to the recipient.
  • The receiver (recipient) then proceeds to a Western Union agent office in the designated payment location, on presenting the 10 – digit MTCN and a photo ID, then money is then paid out to the recipient.

NOTE: In most cases, if the recipient lacks identification documents, the sender and receiver can set up a pre-arranged password, before money can be received.

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Funds are practically paid out in cash, except it exceeds the local maximum or cash on hand, then a check is issued.


An alternative method is to use Western Union’s websites or by phone through their app.

A transfer fee applies which varies based on the sender and receivers’ location, type of transfer and whether the money is sent from counter location or probably through the website.

 

How To Receive Money Through Western Union

Money can be received through the following means, when transferring with Western Union.

  1. Cash pickup
  2. Direct to bank
  3. Mobile wallet

How To Track Your Money On Western Union

How to track your money on western union just got easy. To track your cash and also find out the status of your money transfer, simply use the ‘Track Transfer Service’ on Western Union transfer website. All you will probably need is your name and the tracking number (MTCN)

 

 

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About the Author

Imaeruaka Joseph .N

Imaeruaka Joseph .N

I believe in sharing wisdom with others. Utilizing life to its maximum and blogging is a call for me .

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