How much does it cost to wire money from walmart?
Wal-Mart is launching a new service that will reduce the fees for money transfers by as much as 50%, the company announced Thursday. The service, called Walmart-2-Walmart, will allow for money transfers between the company's 4,000 stores across the U.S.Customers will be able to transfer up to $50 for a $4.50 fee and up to $900 for a $9.50 fee. By comparison, a $900 transfer using other services could cost as much as $76, according to the company.Customers will have to travel to a physical Wal-Mart store to make or pick up a money transfer.ustomers will be able to transfer up to $50 for a $4.50 fee and up to $900 for a $9.50 fee. By comparison, a $900 transfer using other services could cost as much as $76, according to the company. Walmart said that its new service, especially for larger money transfers, will be cheaper than the alternatives. Transfers of up to $50 will cost $4.50 and transfers of up to $900 — the maximum amount customers can send in a day — will cost $9.50.almart already offered customers a way to transfer money in its stores, through a partnership with MoneyGram. Unlike Walmart-2-Walmart, MoneyGram does not have a $900 limit and it allows for transfers to other countries. Customers using Walmart-2-Walmart will pay $4.50 to transfer up to $50, and a flat rate of $9.50 to transfer between $50 and the maximum of $900. Walmart says that competitors charge $4.75 to $5 for transfers below $50, and anywhere from $11 to $76 for larger sums.Financial services make up a relatively small portion of Walmart's business—just 1 percent of U.S. sales in 2013, according to Reuters.almart says that competitors charge $4.75 to $5 for transfers below $50, and anywhere from $11 to $76 for larger sums. Financial services make up a relatively small portion of Walmart's business—just 1 percent of U.S. sales in 2013, according to Reuters. The transfer takes less than 10 minutes. The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900. Western Union, in comparison, charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76.There are a number of price points in between, dependent on the amount of money to transfer.he transfer takes less than 10 minutes. The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900. Western Union, in comparison, charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76. There are a number of price points in between, dependent on the amount of money to transfer. The savings customers will see at Walmart are very clear when looking at the cost of money transfers over $50, which are the majority of transactions in the U.S. For example, a person transferring $500 with other services could pay up to $40 to complete the transaction.At Walmart, they’ll only spend $9.50.he savings customers will see at Walmart are very clear when looking at the cost of money transfers over $50, which are the majority of transactions in the U.S. For example, a person transferring $500 with other services could pay up to $40 to complete the transaction. Read more at Forbes. The recently launched Walmart-2-Walmart money-transfer service costs $9.50 to transfer $50 to $200 between any two stores. If you want to transfer through Moneygram, the price depends primarily on the amount of cash and the location the money will be sent.ead more at Forbes. The recently launched Walmart-2-Walmart money-transfer service costs $9.50 to transfer $50 to $200 between any two stores. If you want to transfer through Moneygram, the price depends primarily on the amount of cash and the location the money will be sent. 1 In contrast, banks usually charge a flat fee to wire money domestically. 2  U.S. account holders with Bank of America are charged about $25 to send any amount of money within the United States (and around $35-$45 internationally).3  Generally, banks take up to two days to wire money domestically. Sending $200-$300, a typical sum, within the United States costs about $8-$24 via Western Union, depending on whether the money is sent within minutes, the next day or in three bank business days. 2  Wiring $400 will cost $20-$28, and $500 will cost $28-$40. 1 Wiring $400 will cost $20-$28, and $500 will cost $28-$40. 2  In contrast, banks usually charge a flat fee to wire money domestically. Sending $200-$300, a typical sum, within the United States costs about $8-$24 via Western Union, depending on whether the money is sent within minutes, the next day or in three bank business days. 2  Wiring $400 will cost $20-$28, and $500 will cost $28-$40. BENTONVILLE, Ark. – April 17, 2014 – Millions of customers transfer money domestically each year, many of them struggling to navigate the complex and costly fees that come with each transaction. Today, Walmart and Ria are launching a retail industry first – Walmart-2-Walmart Money Transfer Service.Available April 24, the new low-cost service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for up to 50 percent less than similar offerings on the market.ompetitive offerings often include 10 or more fee tiers and charge up to $70 for transferring less than $1,000. Money transfers above $50 make up the majority of transactions in the U.S. Walmart-2-Walmart will bring dramatic savings to these customers, for example: Walmart-2-Walmart offers a clear fee structure with just two pricing tiers: customers can transfer up to $50 for $4.50 and up to $900 for $9.50.ompetitive offerings often include 10 or more fee tiers and charge up to $70 for transferring less than $1,000. Money transfers above $50 make up the majority of transactions in the U.S. Walmart-2-Walmart will bring dramatic savings to these customers, for example:
To transfer up to $50 for a $4.50 fee and up to $900 for a $9.50 fee.