2015-08-03

Send money quickly and easily to more than 190 countries with a Walmart international money transfer

Walmart may be best known for its retail services, but did you know you can also use Walmart to send an international money transfer to friends and family in more than 190 countries around the world? Thanks to Walmart’s partnership with international money transfer provider MoneyGram, you can now send money around the world either online or from your local Walmart store.

The funds you send can then be picked up at any Walmart store in the US or Puerto Rico, or at any one of more than 336,000 MoneyGram agents around the world.

Who is Walmart?

Walmart is an American retail giant and was founded in Arkansas in 1962. Since Sam Walton opened his first store more than 50 years ago, Walmart has grown into a worldwide business with operations in 28 countries around the world. With 11,000 stores and e-commerce websites in 11 countries, Walmart is visited by more than 245 million customers each week.

Though best known for its department stores, Walmart also offers a wide range of financial products and services to customers through the Walmart Money Center. From credit cards and insurance to money orders and bill paying, Walmart’s range of products offer solutions for a variety of needs.

In addition to international money transfers, it also offers its Walmart2Walmart money transfer service for transfers within the US.

How can you send money overseas with Walmart?

Sending money overseas with Walmart can be done online or in-store. For online transactions at walmart.moneygram.com, you simply need to select the country you are sending to, how it will be received and the amount you wish to send.

You can then review the fees and exchange rate that applies and determine whether you would like to fund the transaction with your credit card, debit card or US checking account. Finally, you’ll need to register for an account by providing your contact details before you can send your transfer.

For in-store transfers, simply pop into your local Walmart store and send your money in person. You’ll just need to provide the name and location of the person you’re sending funds to and hand over the cash to cover the amount you are sending and any transfer fees that apply.

Your recipient can also access the funds in a couple ways. They can pick up the cash at any Walmart store in the United States or Puerto Rico, or they can pick it up at any one of more than 336,000 MoneyGram agent locations around the world.

Minimum transfer amount and available currencies

If your transaction is funded using a credit or debit card, Walmart allows you to transfer between $1 and $2,999 per transaction. For transfers sent from your US checking account, transfers can range from $50 to $2,999, with a maximum of $3,000 per 30 calendar days.

You can send same-day transfers to more than 190 countries around the world, including Mexico, Puerto Rico, the Philippines, India, China, Honduras and many more. For a full list of countries that Walmart allows you to send money to, simply begin the transfer process and check the full list of countries from the relevant drop-down menu.

There is no list available of the currencies that can and cannot be sent using Walmart’s transfer service.

How much does it cost to send money with Walmart?

The fees attached to your international money transfer will vary depending on where you send your money, the amount you send and your payment method.

For example, sending $1,000 from your credit card for pickup at an agent location in Mexico will attract a fee of $14.25. However, sending the same amount via the same method to the Philippines will incur a transfer fee of $8.55. Before you lodge your transaction, Walmart gives you the option of reviewing any fee that applies to your transfer so that you can be fully aware of how much it will cost.

You should also remember that a currency exchange rate may also apply to your transaction – for example, for converting US Dollars into Philippine Pesos. Walmart’s exchange rates are set by MoneyGram. These rates are updated regularly to reflect changing market conditions, so it’s always a good idea to compare the exchange rate available using this service with the rates offered by banks and other money transfer companies.

What types of transfers can you carry out with Walmart?

Walmart allows you to send transfers online or by visiting your nearest Walmart store. Your transfer can be funded using any of the following methods:

Credit card

Debit card

US checking account

Cash

Walmart MoneyCard

Transfers sent to any Walmart store in the United States or Puerto Rico are typically ready for collection within 10 minutes. If you’re sending money to a MoneyGram location around the world, same-day transfers are usually offered.

How can I track my money transfer with Walmart?
If you want to track the progress of your transfer you can login to your Walmart account online and view any recent transactions you have lodged. If your recipient wants to check on a transfer you can provide them with a transaction reference number which they can use at any MoneyGram location.

If you ever need help with your international money transfer, Walmart offers an online FAQ section where you may be able to find the solution. However, money transfer customer assistance is provided by MoneyGram; you can get in touch with them via phone or email, and all email requests for help are responded to within 48 hours.

Pros and cons of using Walmart

Pros

Agent network. You can pick up your cash at any Walmart store in the US or Puerto Rico, not to mention at one of more than 335,000 Walmart locations around the world, this money transfer method provides easy access to the funds you send.

190 countries. Send your money to more than 190 countries around the world.

Fast transfers. Your cash can arrive at its destination in as little as 10 minutes.

Cons

No account deposits. Walmart money transfers do not allow you to deposit funds directly into your receiver’s bank account.

What other products does Walmart offer?

Transfers within the US. Walmart2Walmart money transfers allow you to send funds quickly and easily to any Walmart store in the US or Puerto Rico.

Walmart Credit Card. The Walmart Credit Card features no annual fee and allows cardholders to access a wide range of special discounts.

Walmart MoneyCard. Choose from four prepaid Visa or MasterCard options to help you manage your finances.

Bluebird. This financial account offers a range of flexible features and money management tools to help you stay on top of your day to day finances.

Bill Pay Service. Pay your utilities, credit card bill, mortgage and more at your local Walmart.

Rapid Reload. Quickly reload a wide selection of popular prepaid cards at your local Walmart store.

Frequently asked questions about Walmart money transfers

How fast will my money arrive?

Walmart money transfers are usually processed within minutes though some may take longer depending on individual circumstances.

What options do I have to fund my transfer?

You can use the following payment options when you need to transfer money internationally: checking account, credit card, debit card, Walmart MoneyCard or cash.

Can I send money to Mexico through Walmart’s money transfer service?

Yes, you can.

How can I check the exchange rate that applies to my online transfer?

The exchange rate and any fees that apply will be displayed when you enter the details of your transaction. You can review this information before you confirm your transfer.

What’s the maximum amount I can send online?

The maximum amount you can transfer online using the Walmart service is USD$2,999.

Is there a minimum amount?

The minimum amount for online transfers varies depending on your payment method. The minimum for a 10-minute transfer paid for with your credit or debit card is $1 while the minimum for a transfer from your US checking account is $50.

How can I see a list of countries which I can send money to?

Simply visit the Walmart Money Center website and click ‘Get Started’ to send money online. You’ll then be able to look for your destination of choice in the list of available countries.

Walmart offers a quick, secure and reliable solution when you need to send money overseas. However, you should always weigh up the pros and cons of all your money transfer options before you decide on the best way to send your funds across international borders.

The post Walmart International Money Transfers Review appeared first on finder US.

Show more