Too good to be true? What's up with Western Union?

flesner · Feb 4, 2014

Ok, so I'm seeing an exchange rate from Western Union that is *better* than the default rate I'm seeing from google. Western Union is telling me 20.6 Lempira per dollar, google is telling me 19.9. This makes no sense to me. Western Union is supposed to be expensive.

I feel like surely I'm missing something.

Stoo · Feb 4, 2014

Western Union might just be slower updating their website... and/or, they might have additional "fees" beyond the exchange rate...

RTBDiver · Feb 4, 2014

flesner:
I feel like surely I'm missing something.

Me too, like what does it matter

CajunDiva · Feb 4, 2014

See you woke up in a good mood RTB

Doc · Feb 4, 2014

Math isn't my strong suit, but isn't this the distinction of .7% of 5 Cents US?

flesner · Feb 4, 2014

They only want to charge me $10 to transfer $500, at an exchange rate that is actually *better* than the default exchange rate (even if only slightly).

What I would *expect* is either a much higher fee, or a much *worse* exchange rate. If what they're showing is true, this makes Western Union a way better option than pretty much anything else. I expect them to be way worse.

Doc · Feb 4, 2014

RTBDiver · Feb 4, 2014

I have found, without a doubt, the best way to send money to Roatan is in my pocket

---------- Post added February 4th, 2014 at 03:44 PM ----------

CajunDiva:
See you woke up in a good mood RTB

Seriously, What does it matter? Western Union has been the choice of Islanders to send and receive cash for ages and in these small amounts it works great, I guess I miss the point of the post, maybe there are a lot of folks looking to wire money to the Island that this helps

Too good to be true? What's up with Western Union?

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