Western Union Competitors: Find Better Alternatives Today
Western Union is the largest money transfer company in the world, moving more than $300 billions around the world in 2018 in over 200+ territories. While it offer a trusted money transfer services around the world, it doesn't mean that it has no competitors or that no better alternatives exist. In fact, sending money at a Western Union agent is often one of the most expensive way to send money abroad. Here is an example showing why it might be clever to have a look at Western Union's competitors.
As you can see, by comparing all fees (including the hidden currency exchange rate margin) on a comparison website like Monito, you can find competitors to Western Union that are more than 10x cheaper. This is just one example. Fees, exchange rates and comparison can vary depending on the exact amount you need to send abroad, as well as the origin and destination of your transfer.
$1000 transfer to the United Kingdom
Service | Transfer Fee | Exchange Rate Margin | Total Cost |
|---|---|---|---|
Western Union Agent | $7 | $53.40 | $60.40 |
Western Union Online | $0 | $51.20 | $51.20 |
Western Union Competitor | $5 | $0.25 | $5.25 |
Find alternatives to Western Union for your next transfer:
While it's not possible to say in all circumstance if Western Union or one of its competitors will be the best service for your needs, here is an overview of the best rated money transfer services on Monito that competes with Western Union. We compile dozens of parameters, from a qualitative assesment of the user-friendliness of the digital services to sifting through hundreds of customer reviews to give each money transfer service a Monito Score. You can learn more about how Monito review money transfer services here.
Top Western Union Competitors
Company | Monito Score | Advantages | Learn More |
|---|---|---|---|
TransferWise | 9.2/10 |
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WorldRemit | 7.6/10 |
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OFX | N/A |
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Remitly | 7.1/10 |
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Why Trust Monito?
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.
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