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Ria Money Transfer is a part of the Euronet network and operates on a similar basis like Western Union. You can transfer your money internationally through a network of local agencies, which makes it easy to pick up the cash in any place.
The transaction time depends on the method of payment. With a debit card or credit card, the money will be processed within 15 minutes, while bank wires may take up 2-3 days.
The costs of sending money through Ria vary based on your country location, the amount you want to send, and the method. The cash to the cash rate is set at around $9. Usually, you will pay between $1 to $36, depending on the payment method. You can use a bank wire, debit card, credit card, or cash at the local agent.
For example, sending $900 from the USA to India through a bank wire will cost only $3, while doing the same with a credit card will increase the fees to $36.
It’s worth noting that if you are using bank to bank account payment method, there are no additional fees apart from any potential ones issued by your bank.
It’s been noted that they are offering very competitive exchange rates, one of the best on the market. Ria’s rate is usually stronger and more attractive than most banks.
The customer can send no more than $2,999 per day and a maximum of $7,999 in a month when it comes to online transfers. There are also other limits connected with local regulations, so it’s best to check your country or state’s finance laws. In many cases, the daily limit is set at $900. Which makes the service unfavorable for bigger and regular transfers.
You can increase the sendable amount by going through a verification process at your local Ria’s facility.
The costs are significantly cheaper, and the transaction speed is very fast. You can also send money internationally without any problems.
You can go to your local Ria agent and handle the payment there, or you can open an online account on their website.
The company has partnered with Walmart to provide money services in each store. Therefore, you can send money conveniently Walmart to Walmart, for example, to your family in another city.
There haven’t been any security breaches yet, and the banking system is rather resistant to potential hackers. Most of the risks come from scammers and phishers who trick people into sending them money or disappearing without delivering the promised good or service. That’s why it’s important to send money only to people you know or trust.
They haven’t experienced any notable scandals or fights with customers. Ria Money Transfer has become very popular among Indian users.
Looking through the Ria Money Transfer reviews, the majority of them are rather positive. Many people are praising the exchange rates and low fees.
“Wonderful fast service. I would recommend to anyone. Money is available within minutes of being sent. Fees are low and reasonable. Overall perfect. Customer service with this company is outstanding as is the service. Customer service is very very knowledgeable. Makes things so much easier for the customer. The additional fees are not too bad and at times are necessary. You get what you pay for.” ~ Tonya in a ConsumerAffairs review
“Ria Money Transfer really makes my life easier, As a crew member working in a cruise ship, I finally found a way to send money home that is secure, with fair rates and fast. I would only suggest to be able to send a bigger amount of money, so far I could only send a 1000 dollars each time. I do recommend to everyone.” ~ Barbara on Trustpilot
There are some cases with technical difficulties.
“My experience is terrible so far. Initially, if I send money using my bank account, it will be processed within 10 minutes. However, that just changed without notice. The last time I tried to transfer money using the same process, it took six days to process and another four days for me to be returned into my account. The mobile app is even more problematic. Using the app to make money transfer using a debit card is impossible. At the end of the process, when you hit submit, the tab will be buffering forever. It's just too bad for a company these days.” ~ says Ali in Trustpilot review
While some people experience problems with accounts or frozen funds, which customer support can’t solve, others are very satisfied with the quality of help. You can easily reach them through a phone number, email, or chat.
There is also a well-developed help section, which covers most of the important topics and FAQ for beginners.
While there are better-operating alternatives, Ria Money Transfer provides quick and cheap payments. The service can be a great option to send a small amount of cash quickly, as the limits are quite significant. The overall presence and design of the platform is rather clear and easy to use.
When are Ria coming to Trinidad and Tobago?
~ Kisha Joseph Pereira