What Are the Limits on How Much Money I Can Send with Western Union?
Western Union is a leading money transfer service that allows you to send money to friends and family around the world. This article will provide information about the limits on money transfers with Western Union.
Types Of Western Union Transfers
Western Union offers two main types of transfers:
Domestic transfers: These are transfers within the same country.
International transfers: These are transfers between different countries.
Domestic Transfer Limits
The limits on domestic transfers within the United States are as follows:
Maximum daily transfer limit: $2,999.99
Maximum monthly transfer limit: $10,000
Additional limits based on sender's and receiver's identity verification status:
For example, if the sender and receiver have both provided their Social Security numbers and addresses, the daily transfer limit is increased to $5,000 and the monthly transfer limit is increased to $15,000.
Domestic transfer limits for other countries vary. For more information, please visit the Western Union website.
International Transfer Limits
The limits on international transfers are determined by a number of factors, including:
Destination country's regulations: Some countries have limits on the amount of money that can be sent into or out of the country.
Sender's country's regulations: Some countries have limits on the amount of money that can be sent out of the country.
Western Union's own policies: Western Union may have its own limits on the amount of money that can be sent.
The following table provides a list of international transfer limits for popular destination countries:
Factors Affecting Transfer Limits
In addition to the factors listed above, the following factors can also affect transfer limits:
Sender's identity verification status: Senders who have provided their Social Security number and address may be able to send higher amounts of money.
Receiver's identity verification status: Receivers who have provided their Social Security number and address may be able to receive higher amounts of money.
Payment method used: Some payment methods, such as credit cards, may have lower transfer limits than other methods, such as bank transfers.
Transfer amount: The transfer amount may also affect the transfer limit. For example, some Western Union agents may have a lower transfer limit for amounts over a certain amount.
When sending money with Western Union, it is also important to consider the following factors:
Transfer fees: Western Union charges a fee for each transfer. The fee varies depending on the amount of money being sent, the destination country, and the payment method used.
Exchange rates: If you are sending money to a country with a different currency, Western Union will use an exchange rate to convert the money. The exchange rate used by Western Union may be different from the exchange rate offered by banks or other money transfer services.
Delivery options: Western Union offers a variety of delivery options, including cash pickup, bank deposit, and mobile wallet transfer. The delivery option you choose will affect the speed and cost of the transfer.
Security measures: Western Union uses a variety of security measures to protect your money. These measures include encryption, fraud detection, and identity verification.
Western Union is a convenient and reliable way to send money to friends and family around the world. However, it is important to be aware of the limits on money transfers before you send money. For more information, please visit the Western Union website or contact Western Union customer service.