5/2/2023
Being able to send money to your family or friends will always be an important safeguard in times of crisis. Among the many alternatives on the market, today we will review Ria Money Transfer, a company with 35 years of experience, has to offer.
In this article you will learn how to find a Ria near you and how you can send money to anyone else, either within the United States or to another country.
Find a Ria Money Transfer near you
The easiest way to find a store that allows you to send money with Ria near your location is to use this map that shows you the closest ones to your location and lets you know how to get to them:
It is possible that the map also shows other widespread money transfer services, such as Moneygram or Remitly, with which you can also send cash to anyone.
In addition, on Ria Money Transfer's own website you have a locator of establishments where you can send money with them, with more than half a million locations in more than 160 countries around the world.
How to send money with Ria
The purpose of this platform is to facilitate the sending of remittances or funds through 2 main alternatives: in physical stores and online.
The option to do it in person is very simple, locate a Ria store near you and go with the money in cash or other forms of payment. You will have to indicate the recipient's details and the way they will receive the money, either in a bank account, in cash at home or to pick up in store.
If you want to do it online, the process is very simple, whether you are going to use their app (for Android and Apple) or the website. The only flaw is that you can't make the payment in cash. Here's how to send money online with Ria:
- You need to set up your free account with Ria. To do this, you have to give your full name, address, banking information, contact details and verify your identity.
- Then you select the country where you are going to send the money, the most requested from the United States is Mexico, but it allows you to send to most countries around the world.
- Next, you enter the data of the person who is going to receive the money.
- You finish by choosing the way in which the beneficiary will get the funds. There are 3 alternatives depending on the location: cash on delivery, bank transfer or in-store pick-up.
- Please note that if you are going to use a bank account, you have to run a validation through micro deposits. This process may take a few days and is necessary to execute this operation.
Payment methods at Ria
When adding money to your account with this platform or paying for the money you are sending, you have several options:
- From a bank account
- Using a debit or credit card
- Paying with cash when you make the transaction in a physical store.
Ria's fees for sending money
Like other companies that allow you to send remittances or money to other countries, the additional cost with Ria Money Transfer depends on the destination, the amount and the payment method.
On this platform's website you can see the price to be paid, which allows you to know in advance both the fee associated with your transfer, as well as the currency exchange rate.
When the rate you are charged is higher than what you want to pay, you just have to adjust the amount to send or the payment method to lower the value.
For example, currently, if you want to send $500 to Mexico with a debit card to receive on account, it costs $2 ($9 to Nicaragua or $50 to Argentina). Using a bank account or cash is usually free.
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On the other hand, most of the modalities for receiving money do not involve an additional fee, except for cash on delivery. Usually it is a nominal or fixed fee.
Since quotes vary depending on whether you use a physical store or the app, we suggest you compare costs before making the transfer.
Advantages and disadvantages of Ria Money Transfer
To give you a better idea when comparing Ria with another service, we leave you with the best and the least attractive of this alternative. Here are its benefits:
- The sending process is fast.
- It is very easy to send and receive funds.
- No minimum amount to transfer.
- Ability to track your transactions.
- Low or no fees if you use cash or a bank account.
- 507,000 branches in 160 countries around the world.
- Other services, such as reloads, bill payment, check cashing/money orders and more.
Among what you might not like, it should be noted:
- They only have home delivery in certain locations.
- Rates vary whether you use the app or a physical payment agent.
- Includes 2 main limits: up to $3,000 per transaction and $8,000 per month.
- If you use a bank account, you have to verify it with micro-deposits, which can take a few days.
- Online delivery is only available in Australia, Spain, United States and United Kingdom.
How safe is it to use Ria to send money?
Ria is a highly rated company that makes it a priority to safeguard your sensitive information. For this reason, it has the extended validation certificate SSL, does not store your information on its servers and has a team of experts who monitor 24/7 to detect suspicious activity.
History of Ria Money Transfer
Ria's first store appeared in New York City in 1987. After its acquisition by Euronet Worldwide Inc.(2007), it established a commercial alliance with Postbank (2014), in the hands of the Kenyan government. This last strategic move meant the possibility of sending money through that bank and receiving it in accounts.
In that same 2014, retail giant Walmart partnered with Ria to incorporate the W-2-W service for domestic transfers. This was followed by the purchase of the Canadian forex company XE and the Malaysian IME. Later, it would deepen ties with Walmart Chile through Líder supermarkets to offer money transfers.
Español: Ria Money Transfer cerca de mí y cómo enviar dinero