Western Union Financial Services, Inc. (USA) - is an American company, a world-wide recognized leader in the sphere of instant money transfers. It was founded in 1851. There are more than 510,000 points which operate in 200 countries of the world.
Western Union has been operating in Ukraine since 1993.
Speed of transfers: money is available to the receiver right after it has been sent (not more than 10 minutes).
Types of transfer currencies:
- US dollar – the main currency of transfers in the system;
- EUR – transfer and payment of transfers from the countries defined by Western Union;
- RUB – transfer and payment of transfers from the countries defined by Western Union;
- UAH – transfers within Ukraine are executed in the national currency.
For foreign currency transfers the exchange rate is set by Western Union Company three times a day. The customer is informed on the exchange rate during money transfer operation.
The general procedure (conditions) of Western Union transfers is described here.
To make transfers through the Western Union system neither the sender nor the recipient of money need a bank account (except for cases stipulated by law).
The fees for transfers are charged in the national currency of Ukraine at the NBU rate set at the day of the operation.
The fees for transfers are withheld only when the transfer is made. Payment of funds is free of charge.
These operations are not connected with the entrepreneurial and investment activities.
After the transfer has been paid out, cancellation or refund of money is not possible!
