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How To Avoid These Top 7 Scams In The Philippines

Updated on November 22, 2021 02:53 pm
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With advanced technological development, opportunities abroad have increased and multiplied in terms of the job market. As the demand for a hardworking and talented workforce increases, Filipinos are among the largest diasporas filling the gap across multiple industries, including healthcare and tourism.

There are over 2.2 million Overseas Filipino Workers (OFWs). Many households depend on the remittance sent by the OFWs for sustenance and survival. OFWs are the backbone of the economy, contributing nearly 10 percent to the Philippines' Gross Domestic Product (GDP) overall.

OFWs are also a hot target segment for scammers and fraudsters with all sorts of money scams. Scammers have also been adapting and advancing in their schemes of tricking, phishing, and scamming your hard-earned income right off of your hands.

They create virtual, make-believe scenarios that are so realistic that you may not realize you have been scammed before it is too late.

They gain your trust first, have you hooked quickly, and ask you for money, then disappear after taking it. Sometimes the sum requested may seem small; it can also add up to millions of dollars. Most likely, a scammer is stealing your money right under your nose.

The scenarios and methods to lure you are constantly changing. Often we receive email and text message updates of our money or bank transactions. In the era of digital payments, we also receive payment requests from vendors and likes; if you do not pay close attention, it is easy to get tricked into transacting your money into an unknown account.

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Scammers have been reaching you out for over decades through telephone, snail mail, email, and most commonly now, the Internet. But you can protect yourself, your friends, and your family by learning and understanding the most common types of scams.

Here are some of the common scams in the Philippines:

Online Payment Or Money Transaction Scam

While making online transactions, you often share your personal and banking details to make payments and money transfers. If you are not careful, scammers can take your personal information and use it to transact the money into their account.

Whenever you are asked to make an advanced payment for a job or shopping, or lottery, or some property you are purchasing online, ensure first to verify the credentials of the company and the money transfer service.

Check their credibility, check reviews in case of online shopping sites and money transfer agencies. If it is an unknown service provider, check their status of registration on government sites. Transact with duly licensed, registered, or authorized companies and money transfer service providers.

Any business unit claiming to be United States-based, you can use U.S. securities and exchange commission to check the status using its legal name. For United Kingdom-based businesses, you can check their status on the Financial Conduct Authority (FCA).

For the Philippines, you can confirm if the money transfer company or the pawnshop is licensed and authorized by the Bangko Sentral ng Pilipinas (BSP). Call the BSP Consumer Protection and Market Conduct Office, or chat with the BSP Online Buddy (BOB), if you are unsure.

Remember that scammers play elaborate games; they may use authentic-looking company letterheads and redirect you to safe-looking websites.

If you receive an overpayment check or message update, check with your bank if any actual transaction has been made. In the case of a check, you may not know after a couple of days that the check is fake and you have already paid the scammer.

Try to avoid checks with excess payment and do not attempt to return excess pay unless your bank statement clarifies an excess payment was made.

All the money transfer companies listed on CompareRemit are verified and compliant financial institutions under Federal Law. The verified online money transfer companies are the most secure and cheapest ways to sending money to the Philippines.

Online Romance Scam

With the digital medium booming, there are several dating applications online budding romances between individuals across the globe.

Online scammers leave you broke and heartbroken. People who have experienced a life-changing event like grief over the loss of a spouse or divorce are the common targets of online romance scammers.

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A Rappler report detailed the ordeal of one woman from Manila under the pseudonym Joanna, who met a guy on OKcupid who pretended to be an American businessman.

In the United States, the Federal Bureau of Investigation (FBI) reported that financial losses due to romance scams exceeded $230 million - the highest of all internet-related crimes.

Scammers can steal not only your money but also your identity online. Be careful not only to avoid sharing your personal banking information online but also your images shared unless you've met them personally or know them well enough.

Often scammers will try to get your personal contact details off the dating app soon and very early be too close. Then fabricate an emergency or situation where they desperately need money. Once the transaction is made, they will disappear, so more than your emotions, trust your instinct.

Here are a few tips to consider before you develop a romantic relationship with someone you meet online:

  • Research the person's photo and profile using online platforms. If YOU, the Netflix show, has taught us anything - it is that we can find a lot about anyone on the internet.
  • Take it slow and ask a lot of questions.
  • Do not send inappropriate photos or financial information that they can use to blackmail you later.
  • Beware if the individual seems too perfect.
  • Quickly asks you to leave a dating app to go "offline."
  • Be suspicious if the individual promises to meet in person but then always comes up with an excuse why they can't.
  • Whatever the emergency, never send money to anyone you don't know personally.

Online Loan And Credit Lending Scams

In such scams, scammers pretend to be private individual lenders or claim to operate on behalf of a legitimate financial institution. They offer unrealistic credit lines or loans online, either through a website or social media platforms.

Fraudsters will put more focus on collecting upfront fees citing due diligence or legal requirements such as credit scoring or loan application, and gathering the victim's personal details for potential or abusive fraudulent financial transactions.

Before applying for any loan:

  1. Do your research.
  2. Do not let the emergency cloud your judgment.
  3. Check if the credit provider is registered.
  4. For online lenders selling through social media and different aggregator platforms, check their relationship caveat.

Most often, platforms may facilitate loans or run ads but are not the actual lender.



Email Scam

Phishing emails and phony web pages are the most widespread Internet scam today. "Phishing" is both identity and password theft based on convincing phone calls, emails, and web pages. They pose as legitimate credit authorities like Citibank, eBay, or Paypal.

They frighten or entice you into believing that your card is getting blocked or account frozen, making you visit a phony web page and enter or give away your ID and password.

Commonly, they make the situation appear highly urgent to "confirm your identity." Even pretend hackers have attacked your account to lure you into giving your credentials.

Once they have your information, they will later access your account and withdraw large sums in a few transactions. Whenever in doubt, crosscheck with your banking operator and always avoid clicking on links shared in suspicious emails or messages.

Nigerian Scam 419

In the 90s and early 2000s, there were several letters, emails sent stating that a Nigerian prince or royal.

The typical storyline was that the royalty was under some imminent danger, and they needed to be sneaked out of the country, and in doing so, the person will be rewarded.

Similarly, a business offer is made asking for an upfront processing fee. These mails were rampant, and several traced back to Nigeria. These are ways of enticing victims, scamming individuals in exchange for a reward, and asking you to make payments.

Similar mail of fake lottery or prize win emails are sent asking for a certain processing fee or "advance fee." Making you believe in a million-dollar prize and luring you to pay money to scammers. Beware of such scam emails, especially when you have not entered any lottery or competition yourself.

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Emergency Or Relief Scams

You may receive a phone call from some acquaintance of your loved one stating an emergency and how urgently monetary help is required.

First, do not panic and think logically before you hastily make that transaction. Or there has been a natural disaster in your home country or locality, and someone has reached you through email or call for some aid or donation.

Verify the help provided is to someone legit or someone scamming you in the name of an emergency. It is advisable to contact the recognized charitable organization directly by phone or their website.

Scammers can go to the extent of imitating legit organizations, creating identical websites, email addresses, and impersonating to be someone trusted. The World Health Organization issued a statement warning people about organizations pretending to be the WHO to scam people with promises of vaccines at the peak of the pandemic.

The very people pretending to be a representative of an agency, organization, or bank employees helping you to transfer your hard-earned home may be the same scammers who are tricking you into stealing your money.

IRS Tax Scam

IRS Tax Scams are very specific to the United States. You will receive a call or an email stating that the Internal Revenue Service will impound your property/belongings as there is a tax case opened against you for federal or state tax outstanding.

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The scammers generally will reach out over the phone and ask you to send money to them to settle the case, and they will not send the police to arrest you. The preferred mode for these scammers is usually Western Union or other such cash-based money transfers.

First of all, the IRS never reaches out in such a manner, and secondly, the IRS will not ask you to send money to them through a money transfer service. Understand your tax implications of sending money to the Philippines. Do not act in fear.

Here are a few tips to help spot a scam:

  • If something seems too good to be true, most likely it is not. A little investigation can save you an enormous amount of money.
  • Beware of unexpected strangers contacting you via email or social media
  • Any company or person contacting you for a loan or advance payment with no legit identity
  • Any calls or emails asking for urgent or quick money transfer
  • Asked for an unusual payment method, through vouchers or wire transfer
  • Calls or emails asking for personal information like passwords or PINs
  • Links shared in a text message to 'update' or 'verify' account details, no bank or any other reputable financial institutions will never ask for your PIN or online banking password
  • Messages sharing OTPs or asking you to transfer money to a new account for fraud reasons

Can I Cancel An International Money Transfer Sent To A Scammer In The Philippines From The United States?

In the U.S., Consumer Financial Protection Bureau (CFPB) ensures that remitters or people sending the money have the right to cancel the transfer at no cost if it meets certain conditions:

  • You have made an international money transfer using a federal law-compliant remittance transfer provider.
  • The money you have sent has not been deposited to the recipient's account or picked up by the recipient.
  • You can cancel three business days in advance for scheduled transfers.
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What To Do If You Get Scammed In The Philippines?

Money lost in scams cannot be recovered, and recourse is rare. You can still try and reach out to the official government bodies to seek help, depending on the nature of the scam.

Frauds, scams, and abuses relating to products and services of Banking, Financial Services, and Insurance, report to Bangko Sentral Ng Pilipinas. BSP has a dedicated online chatbot for instant communication called BOB (BSP online buddy).

How To Report Scams To BSP?

There are multiple ways to report scams to BSP. You can either write to them directly [email protected] or call them on their direct line: (02) 5306-2584 | (02) 8708-7087 Trunkline: (02) 8708-7701 loc. 2584

For fraud specific complaints, BSP has dedicated mediums and you can also use the following mediums depending on the type and your preference:

Webchat

  1. Go to https://www.bsp.gov.ph
  2. Look for BOB's icon on the lower right portion of the page.
  3. Click BOB's icon, and a chat box will appear.

Facebook Messenger

  1. Open the official BSP Facebook page
  2. Click the Messenger icon
  3. Click "Get Started"

SMS

  1. Open your messaging app.
  2. Text "Complaint" to 21582277 (For Globe subscribers only. Regular rates may apply).
  3. Wait for acknowledgement and feedback prompt.

For investment-related scams, cybercrime, and other criminal abuses, contact The National Bureau of Investigation (NBI)

NBI Anti-Fraud and Action Division

Email: [email protected] Telephone: (02) 8523 8231 to 38 local 3529 or 3456

NBI CyberCrime Division

Email: [email protected] Telephone: (02) 8523 8231 to 38 local 3455; (02) 8252-6228

NBI Complaint and Recording Division

Telephone: (02) 8523-8231 to 38 local 3518

For fraud, scams, and abuses related to lending and investment with SEC-registered companies, report to The Securities and Exchange Commission.

Corporate Governance and Finance Department (Reports related to Lending)

Email: [email protected]

SEC i-Messagemo: http://imessagemo.sec.gov.ph Telephone: (02) 8818 5476; (+63) 9260170248

Enforcement and Investor Protection Department (Reports related to Investment Scams)

Email: [email protected] Telephone: (02) 8818-6337; (+63) 961-519-7829; (+63) 961-684-4088

In conclusion, Filipinos are some of the kindest people in the world. Sending money to loved ones regularly and donating to charity is a typical affair for the Filipino diaspora. In fact, many households are dependent on the money sent by friends and families from abroad.

On the other hand, scammers are more sophisticated and are hunting the next victim to take advantage of the kindness. When you send money to the Philippines, our advice is always to do your due diligence and beware of scammers. Just a little vigilance will save you a lot of money and heartbreaks.

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This allows neobanks to focus on customer experience and innovation while leveraging the stability and resources of established financial institutions.Data-Driven InsightsThese neobanks harness the power of data analytics to provide personalized financial advice, identify spending patterns, and offer tailored suggestions, empowering users to make informed financial decisions and optimize their money management strategies.Drawbacks of NeobanksWhile neobanks offer many advantages, there are also some challenges to keep in mind:Limited Physical Access: Neobanks do not have physical branches, which may be a drawback for customers who prefer face-to-face interactions or need in-person banking services.Regulatory Hurdles: Neobanks must navigate complex regulatory frameworks. Some neobanks rely on traditional banks for underlying infrastructure and regulatory compliance. This can introduce an additional layer of risk if the partner bank faces issues.Deposit Insurance Variability: While neobanks often partner with insured banks, the level of deposit insurance coverage may vary, potentially impacting the safety of deposits.Limited Account Services: They often do not offer a comprehensive range of banking services. For instance, they may lack the capability to facilitate wire transfers or easily accept cash deposits, and might not include options like certificates of deposit, investment products, or lending services.Dependence on Technology: Neobanks heavily rely on technology, making them susceptible to outages or technical issues that can disrupt services.Risk of Closure: As startups, neobanks can be riskier, and some may struggle to sustain their operations or might be acquired by larger institutions, affecting user experience.How Do Neobanks Make Money?Neobanks primarily generate revenue through:Interchange feesInterest on loans and credit cardsTransaction fees (e.g., bank transfers, ATM withdrawals, money transfers)Subscription fees (offering premium services for a monthly fee, like Chime and Revolut)Foreign ExchangeInvestment servicesThe specific revenue model of a neobank can vary depending on its business strategy, target market, and geographic location.Are Neobanks FDIC Insured?Acquiring a banking charter is a time-consuming process, which is why most neobanks prefer to establish partnerships with traditional banks possessing a valid bank charter, full compliance with necessary regulations, and FDIC insurance.In other words, the traditional bank assumes responsibility for insurance and regulatory matters, while the neobank manages customer service and online access.Neobanks with FDIC insurance coverage can engage in lending, protect deposits, and provide a range of financial services akin to traditional banks.However, a few neobanks operate independently as fully-fledged banks. For example, Varo obtained a national banking charter and secured its own FDIC insurance coverage in 2020.Some neobanks also offer investment opportunities such as stocks and cryptocurrencies, but these forms of investments do not receive the same level of insurance protection as deposits.If you are considering a neobank, check if it is FDIC-insured or operates with a partner bank that holds a bank charter and is FDIC-insured.Neobanks Vs. Online BanksNeobanks and online banks are both financial institutions that offer banking services primarily through digital channels, but there are some key differences between the two.Online banks usually have FDIC insurance, meaning they have their own banking charters and regulatory compliance, without the need for traditional bank partnerships. They also offer a comprehensive suite of banking services such as checking accounts, savings accounts, CDs, investments, and loans.Certain brick-and-mortar banks have online-only divisions that offer a complete range of digital accounts accessible through computer or smartphone apps. These divisions, backed by traditional banks, could be classified as online banks rather than neobanks.Also, many traditional banks offer online access to their regular accounts, but they are not exclusively online. Customers still have access to physical branches, and these accounts often come with monthly fees and lower interest rates.On the other hand, neobanks, born in the digital age, offer a modern, branchless banking experience by leveraging financial technology and focusing on innovation.They cater to tech-savvy customers, often targeting specific niches or demographics and forming partnerships with traditional banks for services like deposit insurance. However, their banking services may be more limited compared to traditional banks.Top NeobanksIn recent years, the neobank industry has seen remarkable expansion, witnessing an influx of new entrants and existing neobanks broadening their services and customer reach.According to a study by Mordor Intelligence, the worldwide neobanks market was valued at USD 18.6 billion in 2020, and it is projected to achieve USD 333.4 billion by 2026, experiencing a substantial compound annual growth rate (CAGR) of 50.6% throughout the forecast period.The rise of neobanks can be largely attributed to the widespread adoption of digital payment methods, which reflects customers' preference for banking solutions that are convenient, secure, straightforward, and readily accessible.Here are the top neobanks that are recognized globally:RevolutEstablished in 2015, Revolut is a major European neobank, boasting over 18 million customers and generating over $1 billion in revenue. Revolut provides a wide array of financial services, including bank accounts, debit cards, currency exchange, stock trading, cryptocurrency, and peer-to-peer payments. Remarkably, it caters to both individuals and businesses, supporting more than 30 currencies. As it expands into the US market, it's on track to become one of the world's largest neobanks.ChimeFounded in 2012 and based in San Francisco, California, Chime partners with an FDIC-insured bank to revolutionize overdraft fees. It offers mobile-first checking accounts, savings accounts, and a Chime Visa Debit Card. Account holders enjoy a competitive APY and are spared from overdraft fees. Chime also grants early access to direct deposits, delivers $200 in fee-free overdraft protection via SpotMe, and extends credit to users who may not qualify for traditional credit cards. This approach helps users avoid overdraft charges, reduce reliance on payday loans, and sidestep credit card debt.VaroVaro Bank, founded in 2015 as Varo Money, earned distinction as the first self-chartered neobank, securing a national bank charter in 2020. Varo offers a checking account, high-yield savings accounts, and up to $100 in interest-free cash advances. It differentiates itself with no credit checks, no minimum balance requirements, and no overdraft fees. Varo Believe, its secured credit card with no fees, enables users to build credit without incurring interest. You also earn cashback, a perk typically reserved for credit cardholders. By providing access to premium financial services, Varo empowers individuals with limited or no credit history to enhance their financial well-being.SoFiFounded in 2011 to assist students in financing their education, SoFi has grown into a prominent neobank, serving more than 5.7 million users. SoFi offers a comprehensive suite of services, encompassing checking and savings accounts, loans, credit cards, investment accounts, and student loan refinancing. In contrast to traditional banks and student loan providers, SoFi aims to support its customers holistically, whether they are at home, work, or school.MonzoEstablished in 2015, Monzo is a UK-based neobank. It introduced its digital banking platform in the United States in 2022. Its notable feature is the absence of foreign transaction fees, including no charges for foreign ATM withdrawals (excluding any fees imposed by the ATM owner). Additional travel-friendly features include real-time transaction alerts and the ability to freeze a lost card. Monzo does not impose monthly or overdraft fees. Monzo provides its accounts through a partnership with Sutton Bank.N26N26 is headquartered in Germany and was established in 2013. It operates in several nations, such as Austria, Estonia, France, Germany, Latvia, the Netherlands, Poland, Spain, Switzerland, the United Kingdom, and others. What sets N26 apart as a neobank are its mobile-centric approach and global availability. Operating in multiple European countries and the US, N26 is an excellent choice for individuals who frequently travel or relocate internationally. It offers services like fee-free checking accounts, budget management tools, and mobile payments.Starling BankStarling Bank is a neobank based in the United Kingdom, which was established in 2014. Among Starling Bank's standout attributes are its real-time notifications, providing customers with immediate updates on their expenditures and account balances. The mobile app offers various budgeting tools, including spending categorization and insights. It also has a range of protective features such as the capability to instantly freeze and unfreeze your card, establish location-based security settings, and activate two-factor authentication.Neobanks in IndiaNeobanks have been making significant inroads in India's rapidly evolving financial landscape. Although relatively a new banking system, neobanks have gained significant favor among both individuals and businesses in India.Here is a list of the top 21 Neobanks in India 2023FininFreoInstantPayJupiterMahila MoneyMoolNiyoFamPayFI MoneyAkudoChqbookDigibankOneCardOpenPaytm BankPiggy NeobankRazorpayXUni CardWalrus ClubZikZukZolveConclusionIn an era characterized by advancements in financial technology and changing consumer preferences, neobanks are redefining the banking industry. Their digital-first approach, cost-efficiency, and commitment to innovation have made them a compelling choice for a growing number of consumers seeking modern, convenient, and affordable banking solutions.As neobanking continues to mature and expand its offerings, they are likely to play an increasingly significant role in the future of finance. However, you should weigh the advantages and drawbacks carefully to determine whether a neobank aligns with their financial needs and preferences.If you're interested in an online banking service to send money internationally, be sure to compare money transfer providers to see offered rates, fees, and more for sending money abroad using CompareRemit today!

Walmart2Walmart
How to: Walmart to Walmart Money Transfer

Whether you're sending funds to a family member in a different city, paying bills, or even assisting a friend in an emergency, the ability to send money efficiently is crucial.One popular and convenient option is the Walmart2Walmart money transfer service, which offers a low-cost, fast, and reliable way to send money across the U.S., including Puerto Rico and Mexico.In this guide, we'll explore how to use Walmart2Walmart money transfer powered by Ria money transfer, Western Union, and MoneyGram, all available through Walmart.We'll also cover how it works, the fees involved, and tips on getting the best deal possible and making a smooth transfer when using Walmart's money transfer services.What is Walmart2Walmart Money Transfer Service?Walmart2Walmart powered by Ria, is a person-to-person payment transfer service available through Walmart, one of the world's largest retail chains.Ria Financial Services which is a global money transfer company has partnered with the world's largest retailer to facilitate all Walmart2Walmart money transfers.It allows customers to send money from any Walmart store in the United States to any Walmart locations across the U.S., Puerto Rico, and Mexico.The money transfer service was launched in 2014 to serve the unbanked population in the US. As of 2021, an estimated 4.5% of the U.S. population which is approximately 5.9 million were 'unbanked'.How Does Walmart2Walmart Money Transfer Work?The way Walmart to Walmart money transfer works is you have to visit any local Walmart store near you and initiate your transaction with the help of a store associate.You fund your transfer money using your debit or credit card. Once Walmart receives your money, it will take just a few minutes for the money to be available for the recipient to receive.Then to collect the funds, your friend or family member can visit one of any 4,500 Walmart stores in the U.S. and Puerto Rico or any of the 2,500 Bodega Aurrera or Walmart locations in the U.S. and Mexico to pick up the cash you sent.Alternatively, you can skip the line at the local Walmart store and use Ria's website or the Walmart2Walmart app to make money transfers even more convenient.And if you already have a digital Ria account, you don't need to create a new account to use the app. You can use your Ria credentials to start using the Walmart2Walmart app.What are Walmart2Walmart Fees?  The Walmart2Walmart fees are straightforward and affordable. However, fees may vary depending on the transfer amount and receiving location. Check the exact fees before you make the transfer.Fees start at $4 for up to $50 transfer, $8 for transfers of $51-1,000, and range up to $16 for $1,000 to $2,500 transfers.Walmart to Walmart Transfer Limit and Transfer HoursThe Walmart2Walmart money transfers have a daily limit of $2,500 per person.The Walmart2Walmart money transfer hours are open from 8 a.m. to 8 p.m. Monday through Saturday, and 10 a.m. to 6 p.m. on Sunday.Do note that MoneyCenters open and close much earlier than Walmart store standard hours.How To Transfer Money Using Walmart2Walmart Using at a Walmart Store?Sending money using Walmart2Walmart in person at a store is quick and easy. Follow the following step-by-step guide to send money in Walmart stores:Step 1: Visit a Walmart StoreTo initiate a Walmart-to-Walmart money transfer, you'll need to visit a store near you. Be sure to bring a valid photo ID, such as a driver's license or passport, with you.The following IDs are accepted at Walmart:U.S. Driver's License, including Puerto RicoState ID, including Puerto RicoUnited States PassportInternational PassportMilitary IDU.S. Permanent Resident CardTribal IDMexican Matricula ConsularStep 2: Locate the Service DeskOnce inside the store, make your way to the Walmart Money Services Counter or the Customer Service Desk. Inform the store associate that you want to use Walmart2Walmart to send money. This is where you'll find the necessary forms and assistance to complete the transaction.Step 3: Provide Necessary InformationYou'll need to provide the following information to the Walmart associate:Your name and contact information.The recipient's name and contact information.The amount you wish to send.The location of the Walmart store where the recipient will pick up the money.Step 4: Pay for the TransferAfter providing the required information, you'll need to pay for the money transfer, including the service fee. Walmart offers transparent pricing, so you'll know the exact cost upfront. You can pay for your transfer with cash in US Dollars, or with a debit card or credit card.Step 5: Receive a Reference NumberOnce the transaction is complete, you'll receive a reference number. Be sure to keep this number safe, as the recipient needs to pick up the money.Step 6: Share the Reference Number with the RecipientShare the reference number and transfer details with the recipient, as they will need this information to collect the funds.Step 7: Confirm ReceiptOnce the recipient has picked up the money, you should confirm with them that the transfer is complete.That's it! You've successfully sent money using Walmart to Walmart.The money will be transferred to your recipient as early as 10 minutes for pickup if everything goes smoothly.If you are visiting the store for shopping and other needs, using the money transfer services while you are at the store can be a convenient option.How to Send Money Online Using the Walmart2Walmart?You can either use the Walmart2Walmart app or Ria's website to send money online.Create a new account or use your existing Ria credentials to log into the Walmart2Walmart mobile app.Add the recipient's full name, country, and state. Or choose an existing recipient, the one to whom you have sent money before.Choose a delivery option: cash pickup, mobile wallet, bank account deposit, or even home delivery (depending on the location)Enter the transfer amount. (Total cost including the transfer fee will be shown upfront)Pay for the transfer using cash in US Dollars, or enter a bank account or debit or credit card details.Walmart will take care of the rest.How to Receive Money Sent Through Walmart2Walmart?To receive the money transferred through Walmart2Walmart:Visit any Walmart or Bodega Aurrera storeGo to the Walmart Money Services Center or customer service deskShow a valid IDIf you received a barcode, provide it to the store associateCollect the cash from the associateThe transfer process is completed within 10 minutes from the moment the sender initiates the money transfer.The recipient has up to 60 days from the date of the transaction to collect the money. As per the Walmart return policy, the money transferred is returned to the sender if the money is not collected within the 60-day limit.If the sender opts to send money to your bank account or mobile wallet, you just have to wait for the money to get deposited.How to Track Your Walmart2Walmart Money Transfer?There are several ways to track your Walmart2Walmart money transfer:Track at your local Walmart MoneyCenter. The associate can track with the help of the sender's tracking number or order number.Track through the Walmart2Walmart mobile app using the tracking number. Click the Track link at the bottom of the screen to see the status of your transfer.Online at the Ria "Track a Transfer" section using the tracking numberCall the Ria customer support team (1-855-355-2144 or 1-877-443-1399)Send an email to [email protected] Money With MoneyGram and Western Union Through WalmartWalmart has also partnered with money transfer incumbents such as MoneyGram and Western Union to make money transfer more convenient both domestically and internationally.MoneyGramYou can send money from a Walmart store for cash pickup safely at a MoneyGram location anywhere in the US and Puerto Rico. MoneyGram also offers international money transfers through Walmart. The money you send with Walmart can be collected at any MoneyGram location across 200 countries worldwide. You also have to option to transfer via a bank account deposit, mobile wallet, and card payments where available.You can also pick up or receive money sent from any Western Union, Ria, or Moneygram agent location within the U.S. by going to your local Walmart with the reference or MTCN number provided by the sender.Western UnionSend money from a Walmart store for pickup at one of hundreds of thousands of Western Union agent locations throughout the US and Puerto Rico. The money is typically available within minutes for collection. For international money transfers, visit any Walmart store for cash pickup at a Western Union agent location in over 200 countries. The money can also be deposited to a bank account, cards, and mobile wallets (availability of delivery options can vary by destination country).Benefits of Using Walmart to Walmart Money TransferWalmart2Walmart offers seamless domestic money transfers within the US, Puerto Rico, and Mexico with the following benefits:Simplicity: Whether you visit a store or use the Walmart2Walmart mobile app, sending money is effortlessly straightforward.Speed: Transactions through Walmart to Walmart are typically processed quickly, allowing your recipient to access the funds promptly.Convenience: With over 4,500 Walmart locations across the US, finding a location to send or receive money is relatively easy.Widespread Access: Recipients can collect funds at over 4,500 Walmart branches in the US and Puerto Rico or over 2,500 Bodega Aurrera and Walmart locations in Mexico, ensuring easy access to their money.Security: Walmart2Walmart, powered by Ria, boasts a strong track record in domestic and international money transfers, guaranteeing the safety of your funds and personal informationLow Cost: Walmart offers competitive pricing for its money transfer service, making it an affordable choice for most customers.Tips for a Smooth Walmart-to-Walmart Money TransferTo ensure a seamless experience when using the Walmart to Walmart money transfer service, consider the following tips:Double-Check Information: Ensure all the details you provide, such as recipient information and the destination Walmart store, are accurate.Understand Fees: Familiarize yourself with the service fees associated with your chosen transfer option (Ria, Western Union, or MoneyGram).Keep Receipts: Retain all transaction receipts, including the reference number, until you confirm that the recipient has received the funds.Plan Ahead: Keep in mind that transactions may take a little time, so plan accordingly, especially if the recipient needs the funds urgently.Use Secure Channels: Only share the reference number with the intended recipient and ensure they are aware of the importance of keeping it confidential.Ask for Assistance: If you have any questions or encounter issues during the process, don't hesitate to ask Walmart associates for assistance. They are trained to help you with money transfers.Frequently Asked QuestionsCan you do a Walmart-to-Walmart money transfer online?Yes, you can send money through Walmart to Walmart online using their official website or mobile app.How does Walmart to Walmart money transfer work?Walmart to Walmart money transfer is a service that allows you to send money to someone domestically within the U.S., Puerto Rico, or Mexico. You can initiate the transfer by visiting a store and using their Money Services Center, or you can do it online through the Walmart2Walmart website or mobile app. You provide the recipient's name, location, and the amount you wish to send. The recipient can then pick up the funds at a Walmart store or participating location.How much is Walmart to Walmart money transfer?The fees for Walmart-to-Walmart money transfers vary depending on the amount you're sending. Fees start at $4 for up to $50 transfer, $8 for transfers of $51-1,000, and range up to $16 for $1,000 to $2,500 transfers.How to track Walmart to Walmart money transfers?To track a Walmart-to-Walmart money transfer, you can typically use the reference number or order number provided during the transaction. You can inquire about the transfer's status at the store where you initiated the transfer or contact Walmart's customer service for assistance.Can I cancel a Walmart-to-Walmart money transfer?It is possible to cancel a Walmart-to-Walmart money transfer, but the process and eligibility for cancellation may vary depending on the specific circumstances and Walmart's policies. You should contact Walmart's customer service or visit the store where you initiated the transfer as soon as possible to inquire about cancellation options.Is Walmart to Walmart safe?Walmart-to-Walmart money transfers are generally considered safe and secure. The service is powered by Ria, a well-established money transfer company with a strong reputation. However, it's essential to follow best practices for online and in-person money transfers, such as safeguarding your transaction details and only sending money to trusted recipients.ConclusionWhether you're helping out a friend, sending funds to a family member, or taking care of financial obligations, these services offer speed, reliability, and security. By following the simple steps outlined in this guide and considering the tips provided, you can make the most of these options for your money transfer needs. Remember, when it comes to transferring money, convenience and peace of mind are key, and Walmart's partnerships with these trusted providers deliver just that.There are numerous ways to send money internationally. We recommend taking a look at other options at your disposal as well.To find the best exchange rates, lowest fees, and fastest turnaround times for sending money online, check out CompareRemit's online money transfer comparison tool to choose a trusted remittance provider for your transaction today!

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