Posted by Russell

Western Union And How It Works In Nigeria

Money Transfer, Western Union 0

Have you ever wanted to send money from overseas and you heard someone said you should use Western Union? Western Union is just one of the many financial institutions that makes it possible for persons to send and receive money in most countries in the world.

What is Western Union

Western Union is an American base financial institution that makes it possible to send and receive money around the world. It’s services was recently said to be in about 123 countries and still counting.

Western union has lots of features but some of these features are restricted in some countries. In the United States and most Europe countries, almost all its services are available. But in some African countries and Nigeria, there is restrictions on some services.

To begin using Western Union to send and receive money, it’s good you understand how it works. This article will help you better understand how Western union function.

How Does Western Union Work

Think of Western Union as the bridge between two people( in case if international use it is a bridge between two countries). A sender of money and a receiver of the money. This means that they have just one job making sure that money sent is delivered to the right person.

With the above in mind, it’s time we take some example of how they function. A typical example is that of your uncle or aunt living overseas, he wants to send you money let’s say $500.

Your Uncle or Aunt goes to his/her bank or any verified Western Union agent in his country or use the official Western Union website. Log into his account, click the Send Money button and start the process.

The sender fill out all needed details about where the money is going. For example how much will be sent, the receiving country and to whom it should be paid. Western Union will now give him an MTCN (the tracking code of the transaction). Your uncle or aunt gives you this code.

The question and answer part is also filled by your uncle or aunt. The answers to the questions is given to you by your uncle. As you’ll need the answers to these questions to be able to make the withdrawal.

You visit any Bank or verified Western Union agent in your country. You use this code to track and withdraw the money. In some countries you are only expected to answer some few questions about the transaction. While other countries a valid means of verification is required.

If you are able to bring the right tracking code and also answer the related questions correctly. Then provide a valid means of identification then the money get laid directly into your account.

This means that the answers to those questions can not be given to a third party else he might be able to cash out the money. Secondly the MTCN which is your tracking code should be kept safe too.

Conclusion

To Successfully use the service of Western Union you need to have a verified Western union account. You can use this official link to get a free western union account.

In our next article we’ll be showing you how you can register and verify your western union account with ease. Please use the share button below to share our posts on Facebook and Twitter.

Posted by Russell

5 Easy Steps To Send And Receive Money With Western Union In Nigeria

Money Transfer, Western Union 0

Sending and receiving money across border is becoming easier by the day. The likes of QuickTeller have made it possible to send money withing Nigeria. However now about those who wish to send and receive money using Western Union? Well this post will show you how to send and receive money from other countries using western union.

Send And Receive Money With Western Union

In Nigeria the feature of sending money to other countries using Western Union is restricted. Nigerians can however use Western Union to receive money from any part of the world. All that is required and the steps are listed below.

How To Send Money In Western Union Nigeria

1. Find the nearest Western Union agent close to you.
2. Fill the send application form with the correct details.

As at the time of writing this article, Nigerians can not use Western Union to send money to other countries. They can only use Western Union to send money within Nigeria.

How To Receive Money In Western Union Nigeria

1. You have to visit any Western Union agent close to you.
2. Collect and fill the Receive Money form at the agent location. Fill out the following details in capital letters.

  • Full name of the sender.
  • The country where money was sent from.
  • Provide answers to the test questions(Sender will send you the answers to the test questions and you need in most cases).
  • Sometimes the MTCN is also required. So always know your tracking code or MTCN number.

3. Show a valid ID card(this is very important as money won’t be released without a valid government issued ID card).
4. You are now set to receive the money. The agent will check the following details to see if they are genuine.

  • The Agent clerk will check your ID.
  • Sign the receipt.
  • Collect your money
How To Pick up Money From Western Union Without Visiting Any Agent

This can be done in two ways. First the sender should select the direct wire transfer option. This one will make it easy for the money to be sent to the related bank account directly. It usually takes up to 5 business days for the money to reflect. However this service is not available in all countries.

The second way is through your Mobile wallet. But this is somehow really complicated and requires time to master how it can be used. However once set up, you can easily cut out agents asking annoying questions and cash in your money directly.

Conclusion

We can’t say for sure when Western Union will likely allow Nigerians to send money to other countries. But know that Nigerians are not the only ones suffering this. Other countries are also included and Nigeria just happen to be among those countries.

However, Nigerians can make good use of the withdrawal feature to receive money from other countries. Have any questions, please use the comment section below. Please use the share button to share our posts on Facebook, Twitter and Pinterest.

Posted by Russell

Answers To Western Union 12 Frequently Ask Questions

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We know that you might have lots of questions bothering your mind regarding Western Union and its operations. It’s not bad to ask questions in fact the Bible said ask and you shall receive. It simply means that asking questions is a good thing.

What Is Western Union FAQ

Western Union FAQ are questions that people usually ask about Western Union and its services. It’s called frequently asked questions because time and again people ask these questions. These questions are also likely to be asked generation’s to come about Western Union(if it’s services are still available then).

In this article we’ll take some of these questions and try to answer them one after the other. So just stick around you might just find the answer to your question.

List Of Western Union FAQ

Below are some of the very popular questions asked by users about Western Union.

  • Is Western Union Legal
  • Where Is Western Union Located
  • What information do I need to send money through Western Union
  • How do I pick up money from Western Union.
  • How does Western Union work
  • How do I use Western Union online.
  • Can I send myself money through Western Union.
  • Can I pick up money from Western Union without ID.
  • Can I do Western Union with my Mobile Phone.
  • How much does Western Union Charge for transfer.
  • Is Western Union Working in my country.
  • Why Western Union place money on hold

Let’s start by answering the first question and then moving on to others.

1. Is Western Union Legal?

The short and simple answer is YES. Western Union is a registered financial institution in United State that is responsible for sending and receiving money to and from various countries around the world.

2. Where Is Western Union Headquarters Located?

The headquarters of Western Union is located at Denver, Colorado, United States. And the present CEO as at time of writing this article is one Hikmet Ersek.

3. What information do I need to send money through Western Union?

You need a verified Western Union account. Then you need a debit card, credit card or bank account to send money from. You also need a mobile phone, a working email. Mobile phone allows you to send the money from online while a tracking code or MTCN will be sent to your email to track your transaction.

4. How do I pick up money from Western Union? 

First you need to know the method used in sending the money. Then you need to visit any Western Union agent in your country. Carry a means of verification like National ID card, drivers license or International Passport. Use the MTCN and answers to question sent to you by the sender to pick up the money.

Pick up is usually meant for when the sender sends cash. Bank wire transfer is also another option in Western Union. Bank wire transfer don’t necessarily require pick up as the money will be paid directly into your bank account. But this option is not always available.

5. How does Western Union work?

Think of Western Union as the middleman between a sender and a receiver. We have explain everything about Western Union and its operation in this Post Here. Please read that up to have a clear understanding.

6. How do I use Western Union online?

You can use Western union online either through their website or mobile app. Either way you need to open a free Western Union account online. This account will now give you access to send and track money with ease.

Things You Need To Use Western Union Online

  • You need a good electronic device to access the internet(mobile phones or laptops).
  • Internet connection to enable you access the website or mobile app.
  • Free Western Union online account.
  • Debit card or bank account to send money from.
  • A working email to receive notification and tracking code known as MTCN.
7. Can I send myself money through Western Union?

Well we can’t say for sure why you would want to do this but it is very possible. If you wish to send money to yourself using western union you can too. All you need is the right requirements to send and receive the money.

How To Send Myself Money Through Western Union

  • Log into your Western Union account(website or mobile app) or visit any western union agent close to you.
  • Select the send method you wish to use.
  • Fill in your own details but that of a valid bank either in same country or in another country.
  • Save the tracking code or MTCN.
  • Carry your verification ID and visit any Western Union agent in your region to pick up your money.
  • You can also use the direct wire transfer option to send money directly into your bank account in another country.
8. Can I pick up money from Western Union without ID?

YES and NO and we know this might be a little bit confusing but wait we’ll explain in a bit. Let’s get to the YES part first.

In some countries, you MTCN and answers to relates questions is enough to pick up your money from any Western Union agent without any ID. So YES it is possible to pick up your money without using any ID.

But the service above is restricted to some countries which brings us to the NO part. In countries like Nigeria, you can’t pick up money fro Western union without a valid ID card. Aside from the answers to the questions and tracking code or MTCN, you need ID card to make withdrawals in some countries.

9. Can I do Western Union with my Mobile Phone?

The answer I this question is YES. With the Western union website or mobile app you don’t even need an agent to send money. And you can also track the money with your mobile phone.

You only need a western union agent to pick up your money. And if you used the direct wire transfer option to send the money, then you won’t necessarily need a western union agent before money arrives in destination account.

10. How much does Western Union Charge for transfer?

It depend on the amount of money you are sending. Charges attached with a $50 transfer is not same as that of $500. The charges ranges from as little as $5 for $50 to about $10 for transfer above $500. The transfer charger depends on transfer method and amount of money been sent.

11. Is Western Union Working in my country?

Most likely Yes it is working in your country. The services of Western Union is available in some 200 countries. And they have more than 500,000 agents across the world. You can check their website to know if your country is listed among the countries.

12. Why Western Union place money on hold

There are various reasons why Western union might place your money on hold. The hold feature is meant to keep the western union transfer community safe. Below are some other common reason why a transfer might be placed on hold.

Reasons Why Western Union Hold Money

  • Suspicious activity is one reason why money is placed on hold.
  • Amount of money is also another reason. If the amount of money is too much then they might likely place it on hold.
  • A single complaint call from their agent about a particular transfer can also place your money on hold.

Conclusion

There are lots of questions when it comes to Western Union and its operations. And one article can’t possibly answer all questions as it relates to their operations.

But the above are the FAQs that is asked by users if western union. If you have another question that is not answered above please leave a comment below.