Studying abroad: 4 things you need to know before making a money transfer – Blog


Regardless of the interval you’ll spend overseas, finding out overseas requires planning and group. In this course of, one frequent doubt is the transportation of the native foreign money that will likely be used through the journey.

To assist you on this course of, a tip from Western Union is to do Money transfers by way of our app. In this way, you don’t must exit with money, and you’ll have extra peace of thoughts to handle your bills.

You can do the transaction in Canadian greenback and withdraw it already transformed within the desired foreign money at one among Western Union’s service shops around the globe. If you like, you may obtain it in a global checking account (this feature shouldn’t be accessible for all international locations).

To start with, take a look at 4 issues you should know earlier than doing all of your first Money switch overseas.


Check out 4 issues you should know earlier than making a Money switch

1- Get the information for the switch

Before beginning the method of sending Money overseas, equip your self with all the mandatory knowledge. If you like to obtain the Money in a global account financial institution, for example, in addition to having the account quantity, you additionally want the IBAN, SWIFT, or ABA Routing Number.

2 – Verify the change charge

During the journey, earlier than the switch, confirm the change charge of the international foreign money and do a simulation. This makes a distinction as a result of, relying on the change variation, your Money could be value kind of. Keep following and, if attainable, ship the Money when the foreign money is down.

3 – Check out the switch fees2 for every type of transaction

As talked about earlier than, with Western Union Canada, you may ship Money on to a global checking account or withdraw it from the closest retailer. But earlier than deciding, test the prices of those two choices, as a result of variations might happen within the closing worth of transference.


Now, discover ways to do a Money switch with Western Union Canada’s app

To ship Money throughout your research journey overseas, first, obtain the app in your cellular. Then, register along with your knowledge and create a login and password for entry. After that, select the nation you wish to ship Money to and add the worth in Canadian foreign money.

Then, you want the precise identify of your receiver, must be equivalent with the official ID and ensure your receiver’s nation the place the Money will likely be picked up. If you like to ship the Money to a global account financial institution, you’ll want the account quantity in addition to IBAN, SWIFT, or ABA Routing Number relying on the receiver nation.

After that, select how do you wish to obtain the Money overseas (checking account or withdrawing the Money). Then, select how do you wish to pay to your switch, which could be executed in money at one of many Western Union service shops or with a VISA credit score1 or debit card.

Finally, do the entire fee with switch charges2. You will obtain an e-mail affirmation from Western Union with Money Transfer Control Number (MTCN). With this quantity, you may real-time monitor the Money switch till it’s acquired overseas.

Enjoy all the advantages of sending Money throughout your journeys. There are greater than 200 international locations and territories accessible, akin to Jamaica, Pakistan, the United States, India, Turkey, Mexico, the Philippines, amongst others. Check out all of the international locations on our app and make quick³ and handy transfers throughout your journey.

¹ If you’re utilizing a bank card, a card-issuer money advance charge and related curiosity prices might apply. To keep away from these charges or for decreased charges, use a debit card or test different fee strategies. 

² Western Union additionally makes Money from foreign money change. When selecting a Money transmitter, fastidiously examine each switch charges and change charges. Fees, international change charges, and taxes might fluctuate by model, channel, and site based mostly on quite a few components. Fees and charges are topic to alter with out discover.  

³ Funds could also be delayed or providers unavailable based mostly on sure transaction circumstances, together with quantity despatched, vacation spot nation, foreign money availability, regulatory points, identification necessities, agent location hours, variations in time zones, or collection of delayed choices. 

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