What is Western Union? Western Union Review, Features

Western Union is the abbreviation of Western Union, the world's leading express remittance company with a history of 150 years. It has the world's largest and most advanced electronic remittance financial network, with more than 135,000 agency outlets in nearly 200 countries and regions around the world, and the number is constantly increasing.

About Western Union

Western Union is a subsidiary of First Data Corporation (FDC), one of the Fortune 500 companies in the United States. China Everbright Bank, China Postal Savings Bank, China Construction Bank, Zhejiang Chouzhou Commercial Bank, Jilin Bank, Harbin Bank, Fujian Strait Bank, Yantai Bank, Longjiang Bank, Wenzhou Bank, Huishang Bank, Shanghai Pudong Development Bank and many other banks are Western Union's Chinese partners.

Usage Process

1. Remittance Process

1. The remitter goes to the nearest Western Union agent, identifies the Western Union logo, and fills out the remittance form.

2. Submit the completed form and payment for processing.

3. After the remittance is completed, the remittance order is received and the remittance information and remittance monitoring number are notified to the payee. If the remitter reserves the identity verification question of the payee (the identity verification question is regarded as the withdrawal password), the payee should be informed at the same time. Both parties should pay attention to the confidentiality of the remittance information during the notification process.

4. In just a few minutes, your designated payee can collect the remittance at any Western Union agent outlet around the world.

2. Withdrawal Methods

1. After receiving the notification from the remitter, the payee should identify the Western Union logo and go to the nearest Western Union agent to collect the money. When withdrawing money, the payee should fill in the collection form and show his/her valid ID and withdrawal password.

2. The payee must collect the Western Union remittance in person and may not entrust others to collect it on his behalf.

Advantages

1. Reliable

Western Union's global secure electronic system ensures the safety of every remittance, and has an operation password and a self-selected password for you to verify, so that your remittance can be delivered to the designated recipient in full and safely in an instant.

2. Quick

Western Union's remittance procedures are simple. It uses the world's most advanced electronic technology and unique global electronic financial network to process remittances instantly in nearly 200 countries and regions around the world. The recipient can receive the remittance in full within a few minutes.

3. Convenience

Western Union International Money Transfer Company has 135,000 agent outlets in foreign countries, including banks, post offices, foreign exchange offices, railway stations and airports. In China, Western Union's agent outlets are spread across all provinces in the country, and the number of outlets is increasing every day.

4. Fixed-quota withdrawal

Western Union remittances do not incur any intermediary fees, ensuring that the remittance amount is equal to the remittance amount, ensuring that the recipient receives the full amount. Only a one-time handling fee is charged when the remittance is made, and the general remittance fee, intermediary bank handling fee and telegraph fee are exempted.

5. Simple procedures

Western Union transfers money through a unique electronic financial network. The recipient does not need to open an account at a bank first. He or she can withdraw money with a valid ID and withdrawal password.

FAQ

Q: Does Western Union require an account number?

A: You don't need to open a Western Union account. Everyone has a Western Union account.

Q: Do I have to pay a Western Union payment fee?

A: There is definitely a handling fee, which is paid by the customer. Western Union will tell the customer how much US dollars he wants to transfer, and he can write it in the payment information as mentioned above.

Q: Is there any refund risk for Western Union?

A: After Western Union customers transfer money, it is safe to withdraw cash from the bank.

Development History

-In 1851, Western Union was founded as the New York and Mississippi Valley Printing and Telegraph Company.

-In 1856, Western Union was officially renamed the Western Union Telegraph Company.

-In 1871, the Western Union Money Transfer® service was introduced, which has since become the company's main business.

-In 1992, Western Union® Money OrderSM was launched, enabling customers to obtain funds quickly and easily.

-In 1996, the North American headquarters was established in Inglewood, Colorado, and new offices were opened in Paris, Vienna and Hong Kong.

-In 2005, under the leadership of Christina Gold, President of Western Union Financial Services, the company (including its subsidiary Orlandi Valuta) had more than 250,000 partners worldwide.

-In 2006, Western Union terminated its historically important telegraph service and successfully completed its transformation.