Ria Money Transfer is a global money transfer services provider that generally allows people to transfer money around the world to family and friends abroad. It is an app that was launched in 1987 in the USA and is now among the world’s biggest providers of money transfer services.
This App’s money transfer services are presently available at more than 510,000 locations around the world and cover around 160 countries – that is quite remarkable! As per the service provider’s statements, around 20 million consumers benefit from their Ria Money Transfer Service.
But the question is, is the Ria Money Transfer App reliable? Is it trustworthy to share your and your family’s or friends’ bank account details with them? Well, to answer these questions, we have reviewed this currency exchange app and found out the truth.
So, to know whether you can trust the app or not, keep reading this article. Here is all you need to know about the app before sending money using this app.
About Ria Money Transfer Online Platform
Ria Money Transfer is an online global money transfer service. Sending money across the world each year, this online platform is a highly-reputable money transfer service provider that presents good service quality to its 2+ million consumers, despite only being functional in a few countries.
Customers in Canada, Australia, the United States, the United Kingdom, and Spain can use Ria’s online platform. However, customers in other countries need to physically visit agent locations and initiate the transfers.
With Ria Money Transfer, you will get a wide variety of pay-out and transfer payment methods. Here is how to pay for the transfer and also how the beneficiary can receive the money that you have sent.
Bank Transfer:
In this method, Ria Money Transfer makes 2 micro bank deposits for the first-time bank payment customers to verify to transfer. The good thing about this method is that it’s the least expensive one. Nevertheless, the bad thing is that the money-sending process will take around 4 business days.
Cash:
To use this method, you need to find Ria Money Transfer near me. Once you find the nearest agent location, go there and hand over the money. This’s the fastest method because the money becomes available immediately for transfer to the recipient. It’s perfect if you do not have a bank account.
Debit Card Or Credit card:
This method doesn’t take more than 15 minutes to send money to your recipient. It’s likewise the most expensive method that may cost you extra in fees assigned by the issuer of a credit card.
Ria Money Transfer presents 4 different methods to withdraw money. These include the following:
Bank Deposit:
In this method, Ria Money Transfer deposit your money directly into your recipient’s account.
Cash Pickup:
This procedure is perfect for smaller transfers and also for people in rural areas. You can find your nearest Ria locations to go for cash pickups from Ria near me.
Home delivery:
In case the recipient is from Armenia, Egypt, Dominican Republic, Hungary, Philippines, Vietnam, or Morocco, they can have this facility.
Mobile Money Transfer:
Ria Money Transfer is now associated with Safaricom, a leading mobile network system in Kenya that has M-Pesa mobile money transfer platform.
Transfer Fees and Exchange Rates Of the Ria Money Transfer App
The Ria app has 100 currencies available and they offer mid-range affordable exchange rates. Here, we’ll know in detail about the transfer fees, exchange rates, and other costs of Ria.
Exchange Rates
On the homepage of the site, there’s an FX calculator. This calculator allows you the preview both the fees and exchange rate by entering the transfer details.
The competitive exchange rates spread delivered by Ria will differ depending on the type of currency involved.
As per our research, the mark-ups vary from 0.5 to 1.9% beyond the mid-market exchange rate.
Transfer Fees
With the conversion of currency, Ria transfer fees differ depending on the method of payment, destination, and also how the recipient receives money.
Funding transfers using a credit card seems to be the most costly payment method, while bank transfers have the smallest fee.
Additional Costs
If you’re paying for Ria Transfer with your bank, then you may invite additional charges as processing fees along with Ria’s transfer fees.
Moreover, the credit card service provider may charge cash advance fees.
Also, the recipient’s bank may charge additional fees so it’s significant to check with both the sender and receiver banks for any extra costs, before transferring money.
Pros
- Ria is the third-largest money transfer provider
- This money transfer service has a long service history
- Has around 447 thousand Ria locations with 40 currencies in 160 countries
- Three different payment options are available such as bank transfer, debit/credit card, cash, etc.)
- Four different methods to withdraw money: Bank Deposits, Cash Pickups, Home deliveries, and Mobile Money Transfer services
- No minimum transfer amount
Cons
- Not very cheap
- Only available for money transfers from the UK, US, Australia, and Canada;
- The costs of paying for a transfer using a cash or credit card can be high;
- Exchange rates differ depending on the pay-in process.
Should You Trust Ria Money Transfer And Why?
Without a doubt, Ria Money Transfer is a reputable organization that many people use around the world. It’s possessed by Euronet Worldwide which provides e-payment services to corporations in the United States and worldwide. We’ve no hesitations in advising Ria App as a reliable provider for money transfer requirements.
Ria Money Transfer uses these measures that protect your transactions, money, identity, and information:
1. Sophisticated modeling and security to identify dubious transactions, login attempts, and also other matters.
2. A group of security professionals who review dubious transactions.
3. Industrial-strength offline and online security to protect information and data.
4. They don’t store your credit or debit card details on their servers.
Here are a few reasons to use Ria
Always Closeby
The Ria locations are available at Österreichische Post branches, just around the corner.
Worldwide Availability
Always available for national and international money transfers
Secure
Highly secure with proper customer services
Easy To Use
Easy and quick to use without any complex paperwork
Affordable
With prices initiating from 4 euros, this service is quite affordable
FINAL WORDS
Ria uses worldly security to safeguard your payment data and financial information. This app complies with all govt and other authorized regulations about data security, international currency transfers, and financial management.
So, Ria is surely safe to use and it’s also a secure and reliable method to send money overseas as well as have all the required regulations and security in place to protect your personal information and money.
