Finance

Western Union Money transfer is a vast network which allows people to transfer money through money orders, payment and prepaid services. It has as many as 350000 agents spread across 200 countries and allows people to transfer money across most places. In India too, Western Union has several agents. With their assistance, people in India can receive money from other countries. However, it is currently not possible to send money from India to other countries of the world.

Western Union in India has a tie up with Canara Bank. That is, those who have a Canara bank account need not provide identity details and other forms for money transfer through Western Union. On the other hand, as per the normal procedure, you need to fill up the forms which are then faxed to the head office. The confirmation is then faxed back to India from the head office. Interestingly, one can receive funds from thousands of bank branches and also post offices in India which have a tie-up with Western Union money transfer. Thus, money transfers to India using Western Union a very easy deal.

If the information is provided correctly, one can receive the funds within 15 minutes of the sender transferring the money. This process could be delayed in the absence of proper information. The exchange rate provided by Western Union when funds are transferred online through debit or credit cards is less than the wire exchange rates. One can track the status of the money transfer to India by providing the sender’s first name and a number associated to the money transfer control.his will give you information about how much money was transferred, the exchange rate provided by Western Union and, most importantly, whether the receiver picked it or not. One can always use this to check if there are any cash payments due to the receiver which need to be picked up.

Tags: Money Remittance India, Online Money Transfer India, wire transfer india