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Sending money with Western Union? Find out the rate Western Union uses to transfer money to the United Kingdom
About Western Union
Western Union is one of the most well known money transfer services on the planet, with over 500,000 agents and a digital operation which processes 24 payments every second of the day. Arrange your payment online, in the Western Union app, or through an agent near you, and have it delivered to your recipient as a bank transfer, for cash collection, to a mobile money account or more, depending on where you’re sending to.
- Year founded: 1861
- Coverage: available in 200+ countries and territories
- Currencies: wide selection of currencies, depending on the payment type
- Trustpilot score: 3.9/5, from 39,000+ reviews
- Customer support: available in a range of languages online and in-app, plus via 500,000+ agent locations globally
Western Union currency exchange rate
The Western Union USD to GBP exchange rate is 0.75165.
Find the Western Union exchange rate conveniently by checking out the Western Union website or app. You can also use our comparison table to get an idea of the Western Union exchange rate you need to know. Don’t forget that exchange rates change all the time, and can vary depending on how you arrange your transfer.
Where to find the Western Union exchange rate
Normally the easiest way to find the Western Union exchange rate is on their website or app. You may find you need to create an account or model a money transfer online or in the Western Union app to understand the exchange rates and fees that may apply to your payment.
Why does the mid-market rate matter?
The mid-market exchange rate is the rate which is used when currencies are bought and sold on wholesale markets. That means it’s the rate your bank or international transfer provider gets when they buy and sell currencies themselves.
The mid-market exchange rate isn’t usually passed on to customers sending or converting smaller amounts of currency. Instead, banks and currency services add a markup or margin – an extra fee – to the mid-market rate to calculate the retail exchange rate they offer customers.
Adding a markup to the exchange rate used for international payments is very common. However, it makes it very hard to see exactly what you’re paying for your transfer, as this fee is bundled up into the rate applied rather than transparently displayed. Exchange rate markups vary widely depending on the currency, value of a payment, and the provider itself – around 3% is typical. That doesn’t sound like too much, but it mounts up quickly, and can often cost more than the transfer fee you’re charged. Learn more about mid-market rate here.
Does Western Union use the mid-market exchange rate?
The Western Union USD to GBP rate today is 0.75165.
This is -1.27% than the mid market rate. This means that Western Union does not use the mid-market rate, but rather adds a mark-up (an extra fee) to the rate used for transferring money abroad.
This means that Western Union uses the mid-market rate and does not add a mark-up to the exchange rate used for transferring money abroad.
The mid-market exchange rate matters because it’s the rate banks and money transfer services get when they buy currencies themselves. That makes it a good benchmark to compare when you’re checking out the fees charged by different services offering currency conversion and international payments.
Compare Western Union rates and fees
When it comes to sending money overseas, exchange rates are important. But they’re not the only factor to consider. The number of supported countries or currencies, the speed of your payment, the convenience of arranging a transfer, and the customer service on offer if you need help all matter too.
Here are a few Western Union alternatives, and why you might want to consider them:
Western Union international transfer time
To make a US Dollar to Pound Sterling transfer with Western Union, it will take. Generally, the length of time it takes to transfer money from the United States to the United Kingdom depends on a variety of factors including:
- the provider you use
- your chosen payment method
- how you want your recipient to get the money
- any public holidays
- legally required verification steps here or in the destination country
From among our pick of the top providers, the fastest international money transfer provider from US Dollar to Pound Sterling is Wise, which can deliver Pound Sterling in 0-2 Days.
Western Union transfer limit
There are limits to how much money you can send with Western Union. These sending limits vary from country to country, and may also depend on other factors like the verification steps you’ve taken to register your Western Union account and how much money you’ve sent with Western Union in the past.
Is Western Union safe?
It is safe to transfer money with Western Union.
When you’re looking for the safest ways to send money from US Dollar to Pound Sterling you’ll usually want to look out for providers which are registered with and operate under the regulatory authority for the country you’re transferring from.
Western Union transfer limit
There are limits to how much money you can send with Western Union. These sending limits vary from country to country, and may also depend on other factors like the verification steps you’ve taken to register your Western Union account and how much money you’ve sent with Western Union in the past.
What to know about sending money to the United Kingdom
How does Western Union rate compare with my bank?
Using a specialist money transfer service often means you’ll get a better exchange rate compared to your bank – however, the exact details depend on your own bank and the payment you’re sending. Get your bank’s exchange rate online or by calling your local branch, and compare it to the Western Union rate to see which is best for you.
How much does Western Union charge for rate exchange?
The Western Union rate today is -1.27% less than the mid market rate. This difference represents the fee that Western Union charges for currency exchange.
What is Western Union exchange rate today?
The Western Union USD to GBP rate today is 0.75165.
Which exchange rate does Western Union use for international transactions?
Find the Western Union exchange rate on their website or app, or using this handy guide. You may have to register an account in the Western Union app to understand the exchange rates and fees that may apply to your payment.
How long does it take to send money with Western Union?
To make a US Dollar to Pound Sterling transfer with Western Union, it will take . However, bear in mind that the exact delivery time for any international transfer can vary based on factors like verification steps required, public holidays, and the value of the payment.
