However, because they operate physical locations, their fees and exchange rates often are higher than other all-online options. For example, Ria offers better access than banks as well as convenient online transfers in select countries. This means they include both the positives and negatives of both options. Ria is a blend of both traditional money transfer services and online options. This leads many consumers to choose online money transfer companies because they offer lower fees and better exchange rates. They do not have to pay as many employees or maintain physical buildings, so they can pass those savings to their customers. Their funds often reach the recipient in a very short period of time, sometimes within a few minutes.īecause these online-only services, including Remitly, Transferwise, WorldRemit, and others, don’t operate physical locations, their fees tend to be lower than other options. Without ever leaving their homes, users could send and receive money all across the globe. The fees and exchange rates Ria quotes may differ depending on whether you’re using the website or sending money at a physical agent location, so compare quotes before you initiate a transfer.Īn internet brought even broader access to international money transfers. This fee is pretty nominal, $3 on the above $1,000 transfer to the Philippines, for example.
Most methods of receiving money don’t incur any fees, but there is usually a charge for home delivery in the areas where that service is available. Paying with a debit card will cost you $5 USD, and paying with a credit card will cost you $12 USD. If you determine the fees you are quoted are too high, you can adjust the amount you’re sending or the method you’re using to fund the transfer to bring the fee down.įor example, if you are sending $1,000 USD to the Philippines, there is no fee for paying with a bank account or with cash. The “Check Prices” tool on the Ria website allows you to see both your anticipated exchange rate and any fees associated with your transfer.
Ria’s transfer fees depend on where you’re sending money, how much money you’re sending, and how you’re funding the transfer. However, many users like the speed of transfers with Ria, as well as the easy access to transfers. Their exchange rates are not as competitive as many other money transfer services. The company also offers multiple options for funding transfers, including bank transfer, credit card, debit card, or cash. If you refer your friends to Ria, you may receive a bonus such as an Amazon gift card when your friends make their first transfers. However, online transfers are limited to customers in the United States, United Kingdom, Spain, and Australia. With more than 350,000 international locations, sending and receiving money can be quick and painless. Ria offers both in-person money transfers and online transfers. That allows travellers and expatriates easier access to send and receive money from home, even in smaller dollar amounts. One of the largest international money transfer companies, Ria has a worldwide network covering more than 140 countries. With companies such as Ria, you can have both lower-cost transfers and easy access to sending and receiving funds. You either trade in the convenience of an easy, accessible transfer for high fees and costs, or you pay less but have to go out of your way to transfer funds.
#Ria money transfer software#
The rates are automated on the software and are not customized for manipulation by the Bank. FirstBank does not determine the rate of conversion for the transactions.Why is the rate of conversion for transactions different from the CBN/parallel market rate?.Yes, you need to reveal your 11 digit pin to the operator.Do I need to reveal my 11-digit PIN to the Operator?.Contact your Sender to investigate with Ria Money Transfer.What does the error “no matching order” as stated by the teller implies?.
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