The best way to transfer or send money to your friend or loved ones without using checks or literally send cash is through money orders. Like in a cashier’s check, money orders are recognized as safer payment modes than any other method. Even if the cashier’s check is much secured, money orders are more straightforward and offered in most locations.
Even in the post office and convenience shops, these methods are offered. Most shoppers think that Walgreens also have such offerings, but they don’t process money orders. However, they have Western Union, a money transfer procedure that works almost similar to other wire transfer systems.
Walgreens Money Transfer Procedure
A few years ago, Walgreens launched domestic fund transfers to their customers via Western Union. It’s a kiosk setup that is operating in more than 8,000 locations over the 49 US states. Through an image touch screen technology, clients can do the necessary transactions on-the-spot or come back later to finish the activity. Hence, it is considered to be the most convenient fund transfer system.
A Comparison Between Money Order And Fund Transfer
While several consumers would like to buy money orders, especially from Walgreens, they’re disappointed to discover that it’s not included in their services. There’s not really a massive disparity between money transfers and money orders. The main thing to note, though, is the location where you can buy them and the amount of money allowed to transfer. Basically, fund transfers are known as EFTs or electronic funds transfers.
Some issuers of money orders have a maximum allowable amount of up to $1,000 per transaction. This means that if you intend to transfer more than the stipulated limit, you have to purchase more, regardless of the excess amount. On the other hand, money transfers usually have a higher amount allowed per transaction. In fact, it’s even higher than the typical restricted amount of money orders.
The two types of funds transfers necessitate immediate payment, together with the cash you want to move and other relevant charges. The two methods offer secured transactions and guarantee to both parties. Another good thing about the two options is that they’re available even when banks are closed on public holidays.
Walgreens, the go-to retailer that offers money transfer services to their customers
Walgreens’ Money Transfer
Walgreens offers funds transfer for up to $6,000 worth, per transaction, via Western Union. As for MoneyGram, which is also another money transfer service, the allowed amount is much higher, which is up to $10,000 per month.
These options offered by Walgreens are quick and usually take about two days to complete the process. With money transfers, they eliminate the risk of bounced checks because of not enough funds in the account. The Western Union and other money transfer service providers ensure that the movement of cash is completed and holds the financial accountability after the sender has paid for the service fees.
Thus, most consumers are enticed to choose these types of options because of their cost-effectiveness, convenience, and safety. If you’re planning to send money to someone within your country, perhaps consider these options instead of going to the banks. These are all legit services.
