Instant Transfers

Should You Choose Western Union for a Transfer Funds To Over A High Street Bank?

There are a number of checks you can carry out before deciding on using Western Union to handle your Transfer Funds To. Firstly, are they authorised by the Financial Conduct Authority (FCA)? If they are, they will have had to comply with Payment Services Regulations, along with the FCA’s own business conduct regulations and guidelines. Large companies who trade in excess of 3 million Euros per month have to be authorised by the FCA. They then have to make sure that their clients’ money is safeguarded should they get into financial difficulties, consequently preventing their creditors claiming your money. Smaller companies can register with the FCA, but this does not provide the same level of protection as being authorised by the FCA, meaning your Transfer Funds To is not protected if they find themselves in trouble. To register, a company has to be based in the United Kingdom and none of managers should have at any point been convicted of financial wrongdoing. You could also check on the size of the company and how long it has been trading. If they have direct access to the largest worldwide payment and settlement system, SWIFT, this ensures clients a quicker and more secure payment.

Conclusion on Transfer Funds To

Making a Transfer Funds To can be a worrying problem for many people, especially if it a one off transaction that may involve a large sum of money. With so many potential fees and commissions to pay, it is wise to make sure you shop around to find the best deal available. Investigate all the options open to you, the cheapest method of completing a Transfer Funds To in one circumstance may not apply for a different one. Make sure that you do your research to ensure that you are not handing over your hard earned cash to a large financial institution; they will be more than happy to charge you exorbitantly for the privilege of handling your money. The easiest way to compare rates and fees is by using a Transfer Funds To comparison website, as they can also inform you if the company you choose is FCA authorised or registered.