3 Ways to Receive Money from Western Union
Receiving money through Western Union has become a popular choice for people around the world thanks to its convenience and reliability. With over 150 years of experience in the business, Western Union has established itself as a trusted money transfer service. In this article, we will discuss three ways to receive money from Western Union.
1. In-person Cash Pickup
One of the easiest and most popular ways to receive money from Western Union is through in-person cash pickup at a local agent location. To collect your funds, follow these steps:
a. Locate the nearest Western Union agent location: Utilize Western Union’s online agent locator or download their mobile app to find the nearest agent location.
b. Bring identification: The receiver must provide a government-issued ID (such as a passport or driver’s license) that matches the name provided by the sender when initiating the transfer.
c. Provide MTCN: The receiver also needs to provide the Money Transfer Control Number (MTCN), which is assigned by Western Union upon creating the transaction. This unique number can be found in the receipt or email confirmation given to the sender.
d. Complete the “Receive Money” form: Fill out all necessary information, including your full name, MTCN, sender’s name, country of origin, and expected amount.
e. Collect your cash: After verifying your identification and details provided on “Receive Money” form, Western Union will release your funds in cash.
2. Direct Bank Deposit
Another way to receive funds from Western Union is through direct bank deposit. The money will be transferred directly to your bank account within one to five business days depending on the country of origin.
a. Provide your bank details: When sending money directly to a receiver’s bank account, he sender needs to submit the necessary banking information including account number, IBAN (International Bank Account Number), and BIC/Swift Code.
b. Monitor transaction progress: After initiating the transaction, the sender will receive a confirmation email with an MTCN. Keep track of the transaction using Western Union’s online tracking tool or mobile app.
c. Check your bank account: The money will be deposited directly into your provided bank account within the specified time frame. Verify receipt by checking your bank account balance or contacting your financial institution.
3. Mobile Wallet Deposit
For individuals who don’t have bank accounts or prefer a more immediate option, Western Union also offers mobile wallet deposits in select countries, where the funds are sent directly to the receiver’s mobile wallet.
a. Provide mobile number details: The sender must know the receiver’s mobile number linked to their mobile wallet account (mobile money service, M-Pesa, etc.).
b. Select “Mobile Wallet” option: When completing the Western Union transaction, choose “Mobile Wallet” as the delivery method and provide all necessary details.
c. Receive confirmation and funds: Upon verifying the transaction, both sender and receiver will receive confirmations through SMS text messages. The funds should now be available in the receiver’s mobile wallet for immediate use.
In conclusion, Western Union offers a variety of convenient and reliable options for receiving money transfers from around the globe. Whether through in-person cash pickup, direct bank deposit or mobile wallet deposit, these methods provide flexibility for both sender and receiver while ensuring secure transactions.