Sunday, 20 August 2017

Requirements to Send and Receive Money Western Union

Western Union | Requirement for Transactions
Western Union is one of the best medium to send and receive money internationally. You can register online with Western Union and make a payment to a person in another country and have the ability to track the status of a money transfer. This is an international money transfer service to which Most banks is an agent.

 
Features of Western Union:
1. Cash-to-Cash Transfers.
2. Inward transfers from other countries. Outbound transfers will soon commence. Fast (available instantly).
3. Available nationwide at all Bank locations Naira pay-out.
4. Receiver must have an account with a Bank or get a referee who does.
5. Secure means of transfer
6. Easy and Convenient.
7. Available 7 days a week in selected locations.
8. Receiver does not pay any fee.
9. Transfer can be received on presenting duly completed receiver’s form and valid ID.
10. Receiver to impute PIN (last 4 digits of the Money Transfer Control Number MTCN) to PIN pad as a 2nd level security/authorization.

Target Market:
Mass markets.
Tourists Business.
people Foreigners.
Customers-in-transit.
Students Professionals.
Families

Requirements:
Customer provides the following:
MTCN.
Test Question & Answer.
Sender’s full name.
Valid ID card.
Expected amount.
Originating Country (City/State included for transfers from USA and Mexico).
Receiver’s name and address.
What are the Requirement to Send Western Union Money Transfer?
Below are the processes of Western Union Transaction:
1. Visit any participating Western Union  Agent Location close to you
2. Complete the “To Send Money” Form and complete the form.
3. Choose Cash Pickup and Money in Minutes.
4. Give the completed form to the Agent with the applicable funds (including transaction fee).
5. Pay with either cash or a Master/ Visa card
6. Save your receipt and share the tracking number (MTCN) with your receiver so he/she can receive the money.

You may wish to track your Money transfer via Western Union online tracking.

How to Receive Money from Western Union

What do I require to collect transfers through Western Union?
Below are Western Union receive money requirements:

1. Visit any participating Western Union  Agent Location close to you
2. Complete the “To Receive Money” Form (western union form to receive money) and provide.

  • Money Transfer Control Number (MTCN).
  • Amount expected.
  • Sender’s name & country of origin (city or state for US Outbound transfers).
  • Receiver’s name and address.
  • Beneficiary’s telephone number.
  • Test Question and Answer.
  • Means of identification.
  • Non-account holders must be identified by a referee.

Why did the operator say there is no match for my transaction?
A “No match found” transaction could occur as a result of the following:
Wrong MTCN
Stale transfer
Already paid transfer
Restriction to a particular currency/Country.
What do I do if my transfer has been adjudged to be a No Match?
Contact your Sender to investigate with Western Union International.

Can I choose the payout currency I desire?
NO, All transfers are now received in Naira.

Why is the rate of conversion for transactions different from the CBN/parallel market rate?
Banks does not determine the rate of conversion for the transactions. The rates are fixed by western union system and are not subject to manipulation by the bank.

Why did the operator keep a copy of my form after refusing payment?
The operator keeps the original copy of the form as a proof that the customer visited the location and the transfer was not paid based on the reason(s) annotated on the form.

These are the basic requirements to send and receive money online Western Union. Feel free to ask questions concerning how to receive and pay money online via Western Union via the comments.


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