Money Transfer Fees and Exchange Rates | Western Union UK (2024)

FAQs

How much is the Western Union international transfer fee? ›

Outgoing wire transfer fees range from $20-35 for domestic transfers, and $35-50 for international transfers. Incoming wire transfers may range from $0 to $16. To estimate international and domestic transfer fees, use your bank's transfer service online calculator (if available).

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

You can avoid these fees by using a debit card.

Western Union is reliable money transfer app, with a global network of agents that allows you to send money to over 200 countries and territories worldwide.

You can check the website of your bank or money transfer provider, as they often provide up-to-date exchange rate information. The Western Union currency converter is a simple-to-use web tool enabling you to monitor how the exchange rate is fluctuating over time.

We've already noted that Western Union makes money from currency exchange. That means there's a markup - a fee - added to the exchange rate used for currency conversion. To really understand what this means you need to know a bit about the mid-market rate.

Average wire transfer fees

Wire transfer fees have a wide range – from $0 to $50, depending on how and where you're sending the money. Domestic outgoing wire transfer fees typically range from $0 to $35, while international outgoing wire transfer fees are usually $35-50.

Why is the Western Union exchange rate lower? ›

Exchange rates go up or down due to changes in market conditions, a country's economy, or government policies. Depending on where you exchange money, you might also pay fees for the transaction.

Sending a Western Union money transfer costs $5 + 1% for any amount between $0 –$300.99 and $5 + 1.75% for amounts between $301 –$999.99 of the money transfer.

Enter the amount you'd like to send and select 'United Kingdom' as your destination. Then choose 'bank account' as the receive method. Enter your receiver's bank account details³ to make a direct money transfer to their UK account. Choose whether to pay with your credit2 or debit card, or with your bank account.

Wire transfer fees generally range from $0 to about $50. The median wire transfer fee for the institutions we surveyed is $15 for incoming domestic wire transfers, $25 for outgoing domestic wire transfers, $15 for incoming international wire transfers and $45 for outgoing international wire transfers.

Western Union unverified accounts can usually send up to 3,000 USD. If you want to send more you must verify your account with some ID - once verified, the upper limit can be 50,000 USD.