Western Union Reduces Its Fee to Filipino Remitters

Have you heard? Western Union now reduces its remittance fee to Filipino remitters. I have always used Western Union when sending money the Philippines. If I’m not mistaken, this is the second reduction after they lowered their $16 fee to $12 couple of years ago.

…The new rate is now available to the Greater Los Angeles, San Francisco, New York and New Jersey metropolitan areas and saves current remitters anywhere from $3 to $38 per transaction, depending on the amount sent…

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What do you think triggered this move by Western Union? Are they threatened by rival Xoom.com? How about you, what have you been using when sending money to your loved ones?