Western Union Review: Are they cheaper and better than new fintech apps for money transfers?

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Western Union's exchange rates have improved a lot recently, and if size ans security matter most to you, then WU is a good money transfer app for your small to medium international money transfers.
Richard Berry
Richard Berry
Good Money Guide Founder

Western Union Customer Reviews

3.8

122 Good Money Guide reviewers have given this provider an average rating of 3.8 out of 5 based on their genuine experience.

Excellent30%
Very good36%
Average22%
Poor8%
Terrible4%

Leave a review and tell us what you think to help others make more informed financial decisions.

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4/5

15th February 2023

Cons:

Yes

GMG Awards Voter: [118244887140]

2/5

15th February 2023

Pros:

This shark ­ƒªê isn’t my FAVOURITE.. I just trust them and use when I don’t have cheapper alternatives

Cons:

Become Bankrupt and later functioning to 10% of today’s fees!

GMG Awards Voter: [118244871839]

3/5

15th February 2023

Pros:

Reliable

Cons:

Lower fees

GMG Awards Voter: [118244822261]

5/5

15th February 2023

Pros:

Good remittance service

Cons:

Continue to invest in technology

GMG Awards Voter: [118244748058]

4/5

15th February 2023

Pros:

fast

Cons:

fees

GMG Awards Voter: [118244735507]

3/5

15th February 2023
GMG Awards Voter: [118244572434]

5/5

15th February 2023

Pros:

easy to use

GMG Awards Voter: [118244553816]

3/5

15th February 2023

Cons:

Reduce cost.

GMG Awards Voter: [118244549911]

4/5

14th February 2023

Pros:

Na

Cons:

Na

GMG Awards Voter: [118244219427]

4/5

14th February 2023

Pros:

Traditional and reliable service offered

GMG Awards Voter: [118243972453]

4/5

14th February 2023
GMG Awards Voter: [118243760130]

4/5

10th February 2023

Pros:

Easy to use

Cons:

Fast customer support response

GMG Awards Voter: [118241338630]

4/5

10th February 2023

Pros:

GMG Awards Voter: [118241176987]

1/5

10th February 2023

Pros:

Nothing

Cons:

Cost

GMG Awards Voter: [118241161616]

4/5

7th February 2023

Pros:

Name

Cons:

Money sending fees

GMG Awards Voter: [118238809040]

3/5

4th February 2023
GMG Awards Voter: [118236605786]

3/5

1st February 2023

Pros:

Convenient

Cons:

Okay

GMG Awards Voter: [118233569911]

4/5

31st January 2023

Pros:

speed of transactions processing, fair commissions

Cons:

decrease commissions

GMG Awards Voter: [118232559825]

3/5

30th January 2023
GMG Awards Voter: [118231602490]

4/5

29th January 2023
GMG Awards Voter: [118231214305]

Western Union Expert Review

In this Western Union money transfer review we give our ratings based on their nearest peers and tell you what we think of them after testing them with real money. Plus we highlight the key costs, facts and figures of their accounts.

Western Union Review
Good Money Guide Recommended 2024

Name: Western Union

Description: Western Union lets you send money to more than 200 countries around the world. It was founded in 1851 in Rochester, New York, and was named the Western Union Telegraph Company when the New York & Western Union Telegraph Company merged with the rival New York and Mississippi Valley Printing Telegraph Company in 1856. It was a pioneer in transmitting telegrams and in 1871 it introduced a money transfer service through its extensive telegraph network. It stopped sending telegrams in 2006 and now offers money transfers to almost every country in the world. Today it has 150 million retail and digital customers with its headquarters in Denver, Colorado.

Summary

Western Union has made a real effort recently to modernise it’s app and reduce exchange rates and fees to compete with new start-ups. Still, one of the best ways to send cash abroad and now very competitive for smaller electronic transfers.

Pros

  • Better exchange rates
  • Cash drop-off and pick-up
  • Good app and website transfers

Cons

  • Still not as cheap as some
  • Exchange Rates
    (4.5)
  • Available Currencies
    (5)
  • Online Platform
    (5)
  • Customer Service
    (3)
  • Research & Analysis
    (3)
Overall
4.1

Western Union Facts & Figures


Edit
💱 Total Currencies
130
💵 Min Transfer£0
💰 Max Transfer£4,000
🛒 Customers150,000,000
🏛️ Founded1851
🏢 HQColorado, United States
⚖️ RegulatedYes- by FCA
Account Options
🧍 Personal Transfers✔️
👔 Business Transfers✔️
📅 Currency Forwards
💸 Currency Options
🤝 Personal Service
📱 Phone DealingYes – excellent service
🖥️ Online Platform✔️
⭐ TrustPilot Rating3.9/5
🌐 WebsiteVisit Western Union

Western Union CEO Interview

For this review, we interviewed Massimiliano Alvisini, on Western Union’s resilience to challenger brands.

Massimiliano Alvisini Western Union

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