This Article was fact checked and last updated for accuracy on November 17, 2024 by Mani Karthik
RIA Money Transfer is a popular choice for those looking to send money internationally. It offers competitive rates and a wide range of countries to choose from. In this review, we’ll take a look at the fees, commissions, and exchange rates associated with RIA Money Transfer.
RIA Money Transfer Review: Fees and Commissions
The Reserve Bank of India (RBI) has released a new rules paper aimed at enhancing the money transfer sector in India. According to the paper, entities engaged in the business of transferring funds any kind of funds by whatever means across India can apply for a license. Existing licensees, who have conducted over 50 million transfers and have a customer base of over 5,000 household clients can apply for renewal. (Source)
RIA Money Transfer is one of the leading licensees in India, offering online transfers to more than 100 countries. For ₹10, you can send up to 10 currencies across dates with the RIA Money app or online. RIA charges a flat rate of ₹10 for every transaction (₹20 for every additional currency).
Also read: Best remittance services to India
RIA Money Transfer Fees
RIA Money Transfer charges a flat fee for most of their money transfer services. The flat fee depends on the amount of money you are sending, the destination country, and the payment method you choose. For example, the fee for sending $500 from the United States to Mexico via bank account transfer is $5.99. The fee for sending the same amount of money via credit or debit card is $7.99.
RIA Money Transfer also offers a number of discounts and promotions that can save you money on your money transfer fees. For example, they often offer a waived fee for first-time customers. They also have a referral program where you can earn a $10 credit for each new customer you refer to RIA Money Transfer.
RIA Money Transfer Commissions
RIA Money Transfer does not charge any commissions on money transfers. This means that you will pay ₹0 in fees and ₹0 in exchange rates.
The credited amount of the transferred money will be debited from your account (after the transaction is complete) and the same amount will be credited to the destination account.
Fees and commissions are a pain point with RIA Money Transfer. The company has a limited range of source countries from which it can send money, and most of the countries it offers are in Africa and Latin America.
RIA Money Transfer Review: Exchange Rates
RIA offers competitive exchange rates for a number of different currencies. The rates are updated regularly and can be found on their website. When sending money abroad, it is important to compare exchange rates from a few different providers to get the best deal. RIA offers a rate guarantee, so if you find a better rate within 24 hours of sending your money, they will refund the difference.
RIA Money Transfer’s exchange rates are not necessarily better than other companies, but they may be more convenient for you depending on your needs.
There is no company that can offer a rate that is exactly the same as RIA Money Transfer. However, there are many companies that come close to offering the same rates. To get the best deal, it is important to compare the rates of several companies before making a decision.
RIA Money Transfer: Countries Supported
RIA Money Transfer is one of the oldest companies in the money transfer industry, with over two decades of service. Founded in 1987 in New York, RIA Money Transfer is today one of the largest money transfer companies in the world. The company provides money transfer services to over 300,000 people all over the world.
RIA Money Transfer has over 300,000 locations all over the world and offers money transfer services to more than 150 countries.
The countries supported by RIA Money Transfer are:
- Argentina
- Australia
- Austria
- Azerbaijan
- Bahamas
- Barbados
- Belarus
- Belgium
- Belize
- Benin
- Bolivia
- Bosnia
- Botswana
- Brazil
- Bulgaria
- Burkina
- Faso
- Burundi
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Chad
- Chile
- China
- Colombia
- Comoros
- Congo (Brazzaville)
- Congo (Kinshasa)
- Costa Rica
- Cote d’Ivoire
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial
- Guinea
- Estonia
- Ethiopia
- Finland
- France
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Greece
- Guatemala
- Guinea
- Guinea-Bissau
- Haiti
- Honduras
- Hong Kong
- Hungary
- India
- Indonesia
- Ireland
- Israel
- Italy
- Jamaica
- Japan
- Jordan
- Kazakhstan
- Kenya
- Kuwait
- Kyrgyzstan
- Latvia
- Lebanon
- Lesotho
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Macedonia
- Madagascar
- Malawi
- Malaysia
- Mali
- Malta
- Mauritania
- Mauritius
- Mexico
- Moldova
- Mongolia
- Montenegro.
Is RIA Money Transfer Legit?
Yes, RIA Money Transfer is a legitimate money transfer service. It is one of the largest money transfer services in the world and is available in over 150 countries.
How to Use RIA Money Transfer
The first thing you need to do is visit RIA Money Transfer’s website. You will be asked to provide some personal information as well as your bank account number so that the company can transfer the money to you. Once you have provided this information, you will be able to choose how much money you want to send and what currency you want to use. You will also be able to select a delivery method. The most popular delivery methods are by check or by bank transfer.
RIA Money Transfer Fees and Limits
There are no limits on the amount of money that can be sent or received through RIA Money Transfer. Transfers start at just $3 and you can send up to $10,000 for cash pick-up or $2,999 to a bank account.
RIA Money Transfer Review: Customer Service
As previously mentioned, RIA Money Transfer is a major money transfer provider. As such, their customer service is able to handle a large volume of requests. While some customers may wait for a few minutes on the phone before speaking with a customer service representative, most customers report that they receive exceptional customer service from RIA Money Transfer.
The customer service options with RIA money transfer service include phone support, email support, and live chat support.
RIA Money Transfer Review: How long does it take for the money to arrive?
The money should arrive within 1-2 days.
RIA Money Transfer Review: Pros and cons
Some pros of using Ria Money Transfer include the ability to send money quickly and easily to friends and family members in other countries, as well as the option to track your transfers online. Additionally, Ria Money Transfer offers competitive exchange rates and low fees. Some cons of using Ria Money Transfer include the fact that you can only send money from a bank account, and not from a credit or debit card, and that you may be charged a fee if you need to cancel or change your transfer.
RIA Money Transfer Review: What is the best way to send money with RIA?
If you need to send money quickly, RIA Money Transfer is one of the best options. With RIA, you can send money online or in person, and the recipient can pick up the money in cash at an RIA location. RIA also has a mobile app that makes it easy to send money on the go.
Western Union v/s RIA Money Transfer
Both RIA Money Transfer and Western Union are money transfer companies that allow individuals to send and receive money domestically and internationally. Both companies have a large network of locations and offer a variety of transfer options.
RIA Money Transfer is a subsidiary of Euronet Worldwide, Inc., a global provider of electronic payment and transaction processing services. RIA offers money transfer services to individuals in over 150 countries through a network of over 310,000 agent locations.
Western Union is a money transfer company based in the United States. Western Union offers money transfer services to individuals in over 200 countries and territories through a network of over 500,000 agent locations.
Both RIA Money Transfer and Western Union offer money transfer services. There is no definitive answer as to which service is better. Both companies have their pros and cons. It really depends on the individual’s needs and preferences.
Who offers better Exchange Rates? RIA or Western Union
There is no definitive answer to this question as exchange rates can vary depending on a number of factors. However, it is generally agreed that RIA Money Transfer offers better exchange rates than Western Union.