Receiving banks may also charge you a fee if you are sending to a bank account. Whether you’re setting up your transfer online or at an agent locationįor example, if you fund your transfer with a credit or debit card, your cash can arrive in 15 minutes, but you will be charged a cash advance fee by your card issuer (which increases the cost of your transfer).īank-to-bank transfers are more affordable, but also take longer to be processed (see “ Transfer Speed” below).Typically Ria’s fees and exchange vary based on: Ria charges a fixed fee for each transfer (which increases with the amount) plus they offer a lower-than-average exchange rate (usually, Ria’s exchange rates are 1.5% – 2.5% different than the interbank rate), which makes them relatively costly (although still better than a bank or PayPal in most situations). Hidden fees that banks charge can be significant as we will see next.Ria’s exchange rates and fees are typically higher than their competitors and can even vary depending on how you’re setting up your transfer (online or at an agent location). If you’re looking for the most affordable international transfer option, Ria isn’t the right service for you.Ria doesn’t support business transfers (Keep reading for our recommended alternatives if business transfers are a priority).While Ria does support larger amounts if you send via their agent locations, you do have to jump through a lot of hoops and provide additional documentation (as opposed to doing it online with other services). Ria money isn’t equipped to handle large and extra-large transfers ($7000 USD and above) since you can only send $2999.99 USD per day and $7999 USD per 30 days via Ria’s web portal and mobile app.Ria also supports home deliveries in many receiving countries, including Armenia, Hungary, the Dominican Republic, the Philippines, and Vietnam (most of Ria’s competitors like Western Union and MoneyGram (review) only support home deliveries in Vietnam).They have over 400,000 agent locations in its supported sending and receiving countries, making it easy for you to fund your transfers with cash and for your friends and family to collect their remittance in cash. Ria is also ideal if you want to fund your transfers with cash as well as when your recipient needs a cash payout.If you’re looking for near-instant (in 15 minutes) for cash transfers from the US, Canada, UK, Australia, and Spain, Ria is a great option.Moreover, Ria Money has over 400,000 agent locations worldwide, which is second only to Western Union (review). Ria is especially convenient if you’re in the US since they’re integrated into most 7-Elevens which means you can always find an outlet near you. While you can only sign up for Ria in the US, Canada, UK, Australia and Spain, they support transfers to 160 countries in 60+ currencies. “Great” – 2.8/5 on Trustpilot with over 6,000+ reviews (December 2022)įees depend on currency pair, transfer speed, amount, delivery method, and funding method Online, mobile, and physical agents/ kiosksĮncrypted website and app, Transfer audits, 24×7 monitoring, Govt ID for cash pick up, doesn’t store card data □ Establishedĥ00,000 offices and agent locations worldwide According to the reviews, Ria offers fast transfers to many locations, but they are not easy to use. On Trustpilot, Ria is rated 2.8/5, which is considered “Average” with over 6000 reviews. Amount limits on transfers (above $3000 USD).
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