Western Union (WU) Money Transfer Review

Matt Di Vincere (Chief Editor)
Last Edited Dec 18, 2023

Should I use Western Union for money transfers?


  • Global and very accessible
  • Most Experienced in this Field
  • A Publicly Traded Firm
  • The Largest Money Transfer Provider Globally
  • Deals with Countries and Currencies That No One Else Does


  • Very Expensive in Comparison to Competitors
  • Many Negative Client Reviews Online
  • Bad customer service
  • Excessive documentation required for small transfers
  • Transactions cancelled without reason

Services Offered by Western Union

Send Money  + 4

Official Website:

Western Union Review: Executive Summary

Despite a leading provider of international money transfer services for more than a century, Western Union is not one of the most recommended methods to transfer money abroad for most destinations. Western Union has amassed an incredible number of branches and agents across the globe and by that, are able to serve some of the worlds most difficult corridors, but when it comes to common routes like UK-USA-EU-Australia, WU.com is not particularly cheap or service oriented.
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Updated on Dec 18, 2023
Aggregated User Votes

Not Top 10 Ranked

🏆 0 Industry Awards

Where is Western Union Available?

Our Top Rated Western Union Alternatives

On Money Transfer Comparison, we have reviewed 80+ money transfer services, 40+ of which could be considered direct Western Union competitors. View our best rated WU money transfer alternatives which have received higher ratings below:

EU UK USA Australia Wise (Previously TransferWise): Best to Remit Money Abroad for Cheap
17 Avenue Marnix, 1000 Brussels, Belgium
86.8% Editorial rating
124,000 Client Reviews
Minimum transfer:
No Minimum - Send From: UK, Europe, US, Canada, Singapore, Japan, Indonesia, Malaysia, Australia, New Zealand
Why Them?
  • Largest Money Transfer Provider of its Kind
  • Fees for Most Routes under £1
  • Fully-Online Journey with Transparent Pricing
+Read more
Wise / TransferWise
Wise (Previously TransferWise): Best to Remit Money Abroad for Cheap
Editorial rating
Australia UK EU USA New Zealand OFX: Remittances Kings of Australia
Level 19, 60 Margaret St, Sydney, NSW 2000, Australia
90.4% Editorial rating
4,500 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent, Send From: Australia, New Zealand, UK, Europe, US, Canada
Why Them?
  • Excellent Reach - Transfer to Any Country with no Fixed Fees
  • Intuitive Online System, Easy to Understand and Use
  • 24/7 Support Wherever You Are on The Globe - Be Treated with Respect
+Read more
OFX: Remittances Kings of Australia
Editorial rating
UK EU Currencies Direct: Best for Large or Repeat Transfers
1 Canada Square, Canary Wharf, London E14 5AA, UK
97.8% Editorial rating
5,000 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent - Send From: UK, Europe, US, Canada, South Africa, India
Why Them?
  • #1 Rating on MTC for the Past 2 Years - Tailored to Larger Transfers with Excellent Phone Service
  • No Fees on any Transfers, Ever
  • Very Friendly Online Platform
+Read more
Currencies Direct Money Transfer
Currencies Direct: Best for Large or Repeat Transfers
Editorial rating
EU UK USA Australia One of the Hottest Money Transfer Startups
Colm House, 91 Pembroke Rd, Ballsbridge, Dublin, Ireland
86.8% Editorial rating
5,000 Client Reviews
Minimum transfer:
No Minimum - Send From: UK, Europe, Australia, Hong Kong, Singapore
Why Them?
  • No Fees on GBP payments, EUR Charged at €3
  • Very Low Margins, Down To 0.33%
  • Great Reputation And Client Reactions
+Read more
One of the Hottest Money Transfer Startups
Editorial rating
UK Netherlands Azimo: Fees from £0.99, 4.6/5 on TrustPilot
Milton Keynes Buiness Centre Foxhunter Drive, Suite 140 Milton Keynes, MK14 6GD United Kingdom
77.0% Editorial rating
51,000 Client Reviews
Minimum transfer:
Why Them?
  • Very well known
  • Good online system
  • Tight margins
+Read more
Azimo: Fees from £0.99, 4.6/5 on TrustPilot
Editorial rating
UK Germnay Turkey TransferGo: Rated 4.8 / 5 from over 22,000 reviews
241 Southwark Bridge Rd, SE1 6FP, London, United Kingdom
72.0% Editorial rating
22,000 Client Reviews
Minimum transfer:
No Minimum, Remit from UK and Europe to over 65 destinations.
Why Them?
  • ltilingual Support Team
  • Excellent Client Feedback
  • Over 2.5 million Customers to Date
+Read more
TransferGo: Rated 4.8 / 5 from over 22,000 reviews
Editorial rating
This Western Union review is intended to explain the pros and cons of using it for your money transfer needs. We focus on the important aspects like Western Union’s fees and exchange rates, Western Union’s international footprint and the quality of service provided.

Is Western Union Safe?

Company size:  

Western Union is the behemoth of the money transfer business. In spite of growing competition in the past 20 years and being challenged by completely new forms of technology, this household name prevailed in maintaining its leader status. It employs more than 7,000 people  across the globe and has a market cap of $9.1bn as of August, 2021 (up from $8.3bn in May 2019). The scariest figure of all? Western Union moves more than $80bn each year between customers.

Here are some  screenshots from their corporate website (athttps://ir.westernunion.com/investor-relations/default.aspx) with more interesting figures:


Historically Western Union was established to provide telegraph services, and even back then it was an industry leader with a particular focus on innovation. Western Union had a significant role in bringing the world together as a telegraph company, and has a similar role in shaping the future of the remittances sector

Western Union was the first company ever to send a transcontinental telegraph, and is one of a few remittance providers in some of the world’s least connected regions. It boasts more than 50,000 agents (with hundreds/thousands of branches each) and 100,000 ATM’s in 200 countries. Numbers no one can compete with.

Regulated By: 

Numerous regulatory agencies around the world, including: FCA (UK), Financial Market Authority (Austria), FSRA (Ireland). USA: State by State Authorization.


Western Union has got everything going for it in terms of size. It has been running for so long (since 1851) and moving such immense volumes they are not even comparable to any other competitor in the field. Transferwise is one online money transfer competitor growing at a staggering pace and reporting more than £4bn in transactions monthly but that’s still less in comparison to WU’s annual volume of $80Bn.

Being the largest in the field also exposes Western Union to criticism. There are thousands of client reviews online which are predominantly highly negative, as well as media articles (like this one on the Economist) which portray Western Union as extortionate  with its fees.

Additionally, Western Union is one of the most abused platforms by scammers. A large portion of the money transfer scams across the globe are made through its platform, and it has received an enormous fine from the regulator for not preventing more. This was not Western Union’s only fine, as the firm has also paid $60m in regulator fines for a lack of compliance with AML laws.

Western Union Customer Reviews


There are dozens of online websites where you can find Western Union client reviews. Western Union and even its online service WU.com is as big as all of its competitors combined. Nothing in the world says an international money transfer more than Western Union.

That’s why we expected to find huge quantities of reviews, as well as plenty of complaints. What we didn’t expect was how many of its reviews would be complaints.

We have chosen to have a comprehensive look at all the platforms and aggregate scores. It is not automatically processed, and that means this date will be true for August, 2021:

WebsiteCountry# Reviews% NegativeNotes
Consumer AffairsUSA1,28983%A lot of heart breaking stories about money being indefinitely delayed or never reaching its destination. Almost all reviews in 2019 are negative and difficult to judge if the better reviews are actually real.
ProductReview.com.auAustralia68996%A lot of heart breaking stories about money being indefinitely delayed or never reaching its destination.
Yelp (for SF location)USA14697%Many believe WU used to be OK but has gotten worse over the years. Many are now using a competitor.
BBBUSA21394%In addition to these reviews there are more than 1,000 complains about Western Union to be found on that website. Most of which were resolved to the satisfaction of the BBB but still they gave them D+ rating.
Trust PilotUK/USA61,89220%Last 100 comments sampled by us demonstrate more recent negative experiences than good ones
Grand Total64,22978% (Weighted Average)

Although the figures aren’t that bad and convey that 82% of the clients are ultimately happy with the service, it is also not a good figure. In comparison to our top money transfer providers Western Union as a lot more complaints to positive review ratio, and if you look at the sheer numbers you’ll come to realise that there are hundreds of complaints about the firm.

Another thing that really pops out of this analysis is that one particular platform has 17% in complaints, while others have over 90% complaints. Of course, the TrustPilot is one of the largest platforms, but it is still suspicious in a way that the rating there is so different from all the other platforms. When you take a look at all of the review platforms, all of those left most recently appear to be complaints.

Among the negative reviews, we identified a few positive ones that discussed

  • Better rates than banks
  • Easy transfer tracking
  • Accessible offices
Among the negative reviews (we had plenty to select from) we read the following:

  • Horrible service
  • Lost transfers
  • Rude client support
  • Expensive (sometimes unbelievably expensive even)
  • Archaic company structure


Western Union has thousands of complaints to be found online about almost every aspect of its services. Some are just within the normal range of complaints (people who were not successful at using the service and the like), and others are making pretty bold accusations of the company missing out on deadlines and providing horrible service.

On the other hand, there are thousands of happy customers that left their positive feedback on one particular platform (TrustPilot).

The bottom line is that it’s impossible to clearly say one way or another, but what we can certainly say is that regardless of anything else, the percentage of complaints to positive reviews Western Union has with its direct competitor Wise (Transferwise) is around five-fold (21% vs 4%).

Western Union Exchange Rates & Fees

Global Policy:

In terms of payment fees, Western Union has clearly started to respond to competition in the market, which is great news for all as it’s driving the total cost of sending money abroad down.

In the UK for example, Western Union no longer charges payment fees if you settle transfers via a bank transfer. The settlement method which attracts a charge is debit cards. When you pay via debit card a £1.90 fee is applied and this seems fairly consistent no matter the payment amount, destination country or method of collection (i.e. cash pick-up or bank-to-bank).

There are also no fees for customers paying via credit with the online lender Klarna.

The biggest issue with Western Union however, is the exchange rate spread, this is where most of the “hidden costs” are taken – more on this below.

Exchange Rates:

Our research, backed by statistics from data from the World Bank demonstrates that Western Union’s fees and exchange rates are more expensive for the end-client than with competitors. On most currency routes that competitors like Transferwise or Azimo are able to handle, Western Union is more expensive. On its online platform you can see that the differences are sometimes quite small, while on WU branches, it is normally a lot more expensive.

As an example, at 13:53 UK time on 06/08/21 the inter-bank rate for the Pound-Dollar was 1.3904 and Western Union was charging a rate of 1.3716 on a transfer of £20,000, equating to a rate of 1.3%. That’s an OK rate but 1.3% of £20,000 equates to £260, you can easily slash this cost in half (and even more) by using a currency brokerage or a remittance provider like Wise.


Recently increased to £50,000 for individuals transferring to major destinations such as Europe and the US. Transfer limits to more remote destinations vary but are around the £4,000 mark.

No minimum transfer specified online.


Western Union money transfer is notorious for relatively high margins on their branches. Exchange markups in the form of 8% or 10% can happen especially when there’s a cash pickup and it’s a country in which Western Union or Moneygram, its biggest rival, are the services offering money transfers. There is more information about this topic on the WorldBank remittances website and it would be more current than what you can find on this Western Union money transfer review.

When it comes to WU.com bank to bank transfes, the rates improve drastically and Western Union is somewhat competitive, but on any of the corridors tested by the WorldBank or us, it is far from being the cheapest. In more competitive routes such as the GBP-USD mentioned previously, a margin of 1.3% can easily beat a big bank but would still be approximately three times more expensive than user online competitor Wise or (if it’s a large trade) using a currency broker.

Western Union Global Reach & Service


  • Dedicated Dealer: No. Perhaps it is offered to business clients but definitely not to private clients.
  • Offices: UK & US for core staff, with thousands of branches/agents around the world.
  • Ways to approach: Email, Telephone, Multiple branches and online system.
  • Translations: Yes.
  • Accepts clients: Worldwide.
  • Currencies Handled: 153, more than anyone else.
  • Client reviews: 79% satisfaction.


On one hand, Western Union is the most global company we tested. More currencies, more agents, more locations than anyone else (the only company that comes near is Moneygram and rapidly growing on them WorldRemit). On the other hand, the type of service provider by Western Union is only apt for small remittance transfers, while some of its startup competitors are able to handle both smaller and larger transfers.

Additional Functionalities

Hedging for business clients: Western Union offers forward contracts, spot contracts, and perhaps others (it’s very hard to tell from their web copy) –  these are generally made available only to business clients.

App: Western Union’s currency transfer app may be its brightest facet. While it’s still expensive to use, the experience is supposedly very smooth. Their online reviews on Play Store are glowing.

Review Summary
69 of 100 1 review
  • Credibility Score - 90%
  • Client Feedback - 60%
  • Fees, Exchange Rates - 50%
  • Global Reach, Availability, Service - 70%
  • Added Values - 75%

Bottom Line

Western Union cannot really be compared to anyone else with the exception of Moneygram, its closest competitor. It has been operating for over 150 years, handling almost every possible currency and enabling cash pickups in destinations that no one else does. Western Union is in many ways a bridge between western countries and the third world. It is the largest and most popular means of transferring money abroad in the world, with the exception of banks.

On the other hand, Western Union’s fees are higher than those of competitors for many routes that we have sampled, and its reputation is not spotless (with just recently paying half a billion dollar fine). There are also hundreds of complaints in regards to various aspects of its service scattered across the web.

In short, WU.com’s advantage lies in the accessibility and dozens of years of experience rather than pricing or service. For the usages which appeal to most of our customers (transferring larger amounts from UK or to UK), we would recommend other top rated providers over WU.com’s, with the exception of potentially a strong business offering (but not enough is detailed online to determine their business pricing).








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