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Spotlight On: Ria Financial

Updated on Feb 03, 2020
Ria Financial

What is Ria Financial?

Ria Money Transfer, headquartered in California, United States, is one of the largest global money transfer companies in the world. 

Founded in 1987 and now owned by Euronet Worldwide, Inc., a leading electronic payments provider. While, Euronet Worldwide is well known for providing electronic payments for banks, retailers, service providers, and individual consumers, Ria Money Transfer offers a wide range of transfer and payment services which include bill payment, mobile top-ups, prepaid debit cards, money orders, and check to cash.  

Ria is among the three primary business segments of Euronet Worldwide. The other two business segments are Electronic Financial Transactions (EFT) and Prepaid (ePay).

It offers simple, quick and secure money transfer with the global agent network of 385K locations in 160 countries. 

How to transfer money through Ria? 

For the online option of Ria Money Transfer, all you need is an internet connection. Users can follow these steps in order to transfer the money through Ria Financial: 

  • Create a free account
  • Insert the amount to be sent 
  • Enter the details of the beneficiary 
  • Select your payment method
  • Click send and the money is on its way

When you select the destination country on Ria Money Transfer’s web source, you will see the current exchange rate and money transfer fees through a popular feature called the price calculator. If you would like to compare multiple money transfer service providers side-by-side, use the CompareRemit comparison portal. 

Payment and Payouts

Customers can use multiple payment methods while sending money through Ria Money Transfer:

  • Bank Account Transfer
  • Credit Card 
  • Debit Card 

For payouts, beneficiaries can receive money in various ways depending on which country they are and the level of connectivity. If there are no Ria Money Transfer agents near the recipients, beneficiaries can opt for Cash Pickup or a courier delivery option. 

Consolidating the aforementioned details, we can surmise that Ria provides fast money transfers through multiple payments and pickup delivery options.

Transfer Fees 

Ria Money Transfer rates are competitive compared to banks, although this is very much aligned with exchange rates on global and financial markets, users/customers can review the rates that apply to their transaction before confirming whether they want to go through with the transfer.

According to the World Bank’s latest data of October 2019 (Fourth Quarter), the total cost of sending money from the United States to India ranges from 3.50 USD to 9.50 USD. Ria’s Fees in comparison cost 1 USD to 7 USD. The difference is influenced by a few factors like the payment method, payout option, and speed. For instance, the least expensive option is to fund a transfer from the customer’s bank account but this is the slowest option, debit and credit card transactions are much faster but they may incur higher fees.

Regarding fees that apply to Ria money transfers, it may vary depending on the amount of money you’re sending, where you’re sending it to and the method you use to pay for your transaction. So, the more you send the money, the more your transaction will cost — but the price per dollar per transfer decreases when you send larger amounts. 

Ria Money Transfer Limits 

Ria is efficient and convenient for sending small amounts and there is no limit on the minimum amount to be sent. However, Ria has a 2999 USD limit as a maximum daily transfer. You can further increase the limit by providing additional documentation at an agent location of Ria. The maximum is capped at 7999 USD for 30 days. 

If you are looking to send a large sum of money, we have already covered the best ways to do so.

Ria Money Transfer App

Ria Money transfer App is featured on CompareRemit’s best money transfer app series for its speed. The app features available on both Google Play and Apple Store are below: 

  • Manage all the transfers in one place: Ria app users can set comprehensive user-profiles and create a personalized experience and can also easily upload payment information with a camera. Additionally, they can manage the improved functionality of the Price Calculator. Updated reverse calculator functionality is also available in the app. 
  • Quickly send money to friends and family: The app main’s priority is to help users feel secure sending with Ria. It is secure and reliable with smoother transitions and clear steps, faster repeat transfers and also allowed reverse cash payment process. 
  • Finding the nearest Ria Location: It allows better location data to find the closest payout and send locations with a clean, easy-to-use user interface by using the Ria Money Transfer near me option. 
  • Track all the transfers on-the-go: Improved transfer tracking details redesigned application with the app’s modernized visual design, versatile and intuitive process with comfort and experience in mind.

Ria Money Transfer Review

One of the biggest competitive advantages of Ria over other money transfer companies is the convenience and accessibility offered through their wide network, especially in remote areas. Although Ria exchange rates are often not the best in the industry, they offer speed, convenience, and coverage. Ria Money Transfer has over 3000 reviews on Trustpilot. Most reviews rated great to excellent. You can also see what our verified users are saying about Ria Money Transfer here

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