When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Points used will not be reversible and if amount of transfer fee is less than redeemed discount, no cash, credit or refund will be provided.ĥ Western Union also makes money from currency exchange. Excludes all other services, including without limitation, online bill payments, and money transfers via social/chat applications. (Account details may vary by country.)Ĥ Fee reductions apply only to the Western Union® transfer fee for a single Western Union Money Transfer® or Quick Collect® transaction. To avoid these fees or for reduced fees, use a debit card or check other payment methods.ģ Please make sure that the receiver’s name accurately matches the details of the bank account owner. Restrictions apply, see /gc-legalĢ If you’re using a credit card, a card-issuer cash advance fee and associated interest charges may apply. Although this is not as high as airport kiosks (which mark up 9% or more), it's not the best option available.* Terms and Conditions apply. In other tests, Western Union applied around 7% margins on US dollars. Mid-Market Exchange Rate: 1.00 USD = 54.93 PHP.This means that Western Union marked up the exchange rate by 1.15% for this transaction. However, the mid-market exchange rate at the same date and time was 54.29 Philippine pesos for one US dollar. Western Union's Dollar Rate: 1.00 USD = 54.29 PHP.For every one US dollar that you transfer with Western Union, your recipient in India would receive 54.29 Philippine pesos. On February 20th at 1600 CEST, we used Western Union's online price estimator to find their exchange rates for an in-store transfer. Let's look at an example of a transfer from the US to India to understand how Western Union's exchange rates work. Western Union Exchange Rate For Dollar to Philippine Peso Western Union will pocket this difference, also known as an exchange rate margin. When sending your money with Western Union to the Philippines from the US, the company will apply an exchange rate that is weaker than the market rate. Western Union US Dollar Rate to the Philippines from the United States
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