Ria Money Transfer Review: How Does Ria Remittance Service Work?
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When it comes to international money transfer services, people would think of PayPal and Wise. Due to the fact those online payment platforms help business owners and freelancers to send and receive money online across borders with affordable transfer fees.
In addition, there are many online payment services that allow individuals and expatriates to send money back to their loved ones with fast and reliable service, and one of them is Ria Money Transfer, which you may consider trying if it’s worth it to you.
Ria is one of the big players in the money transfer sector, which has a worldwide network of more than 500,000 locations in more than 150 countries.
In this post, you will learn everything about Ria Money Transfer in order to understand how it works, its features, and its pros and cons.
Table of Contents
- Ria is one of the biggest money transfer companies, which has more than 500,000 physical stores in 160 countries.
- The firm was established in 1987 in New York City, and its original goal is to help expatriates and other individuals to send money back to their loved ones, in their home countries.
- The platform would be an ideal solution for expatriates and those who live and work far away from their home countries and want to send money back home.
- There are two main ways to send money with Ria, which are in-person money transfers and online money transfers (use the official website or The Ria Money Transfer app).
Here are additional reading materials related to money transfer and online payment services. You should continue to read for more information:
What is Ria Money Transfer?
Ria Money Transfer is considered one of the largest money transfer companies that provide money transfer service- remittance services for those who want to send money back to their loved ones across the border.
In particular, Ria has a huge worldwide network of agents- over 500,000 physical stores across the globe, which allow the user to send money through its network of agents and use the Ria money transfer app to send money online.
Significantly, Euronet bought over Ria business in 2007, which marked a big milestone for the firm to continue to expand and develop under the umbrella of Euronet Worldwide.
Besides money transfer services, Ria offers bill payment, mobile top-ups, check cashing, etc. Those additional features and services create much more convenient and better product solutions for users.
How does Ria Money Transfer work?
Basically, there are two main ways to send money with Ria, which are in-person money transfers and online money transfers. Keep in mind that you need to create a free account before transferring money online.
In particular, for in-person money transfers, members need to visit one of the Ria networks of agents and request them to send money internationally to their loved ones.
What you need to do is to fill out the money transfer form and recipient details as well as your ID, then the service team will help you send the money back to your home country. However, depending on the amount of money you send and the location, the requirement for further information may vary.
In terms of sending money online, the very first thing you need to do is to have a reliable and secure internet connection, which allows you to send money safely and securely to your loved one by inputting the bank account, credit, or debit card detail as well as recipient detail.
In addition, users have two online sending options including using the Ria official website and the Ria Money Transfer app. Here is the step-by-step to transfer money online with Ria.
- Step 1: Go to the main website and create a free account with Ria.
- Step 2: Provides bank account, debit, or credit card details.
- Step 3: Input the recipient’s bank account detail, then you can make a money transfer.
Keep in mind that the transaction will take minutes for money to arrive at the recipient’s account if you use a debit or credit card. A bank account is definitely a cheaper alternative but takes longer for the transaction fund to arrive, according to Ria.
In addition, Ria offers an additional great feature that allows users to track their sending money status by inputting their PIN or order number. It means you should see what is going on with your money.
Ria Money Transfer fees
Depending on the transfer locations and the amount of transaction you want to send, the transaction fee would vary based on those factors. Thus, I suggest you check the transaction fee by inputting the amount of money you want to send on the firm’s official website.
How to sign up?
The process of creating a new account is quite simple and straightforward, and you should have an email address and ID ready if you want to use Ria money transfer online.
The following is the ultimate guide to setting up a new account:
- Step 1: Navigate to the website homepage and click on registration.
- Step 2: Select the country of your residence, and fill out your phone number.
- Step 3: Fill out your personal information including your bank account, or debit and credit card as well as the recipient’s account detail.
- Step 4: Install the Ria app if you want to use it as a future transaction.
Keep in mind that the maximum transaction amount for an individual account is up to $2,999 per transaction, which means the individual is only allowed to send the maximum above amount as their daily transaction limit.
Is Ria Money Transfer Legit?
The answer is yes, Ria formed a partnership with Walmart to provide a domestic money transfer across the states in the US in 2014.
As mentioned before, Ria is a subsidiary division of Euronet WorldWide– the leading global electronic payment company based in America, which indicates Ria has the ability to provide better service and products for customers across the globe.
In addition, the firm is currently one of the official partners of Atlético de Madrid Football Club, which indicates it has a global reputation and is a legitimate firm in the money transfer sector.
How does Ria Money Transfer customer service?
In addition, you can always refer to the firm’s contact information page for further support if you are experiencing technical or other general issues.
Besides the contact information, members can get further support from the customer service team by clicking on the “Support—> Help Center”.
Pros and Cons
- A great company with a large network of agents across the globe, in 160 countries.
- Provide reliable and quick money transfers.
- Offer different options to send and receive money: home delivery, app transfer, and website.
- If you use a bank account transfer, then the fee will be cheaper.
- An individual account can send a maximum of up to $2,999 as a daily limit.
- Pay with a credit card could be an expensive option.
Clearly, Ria is one of the largest online money transfer companies, which allows members to send and receive money across the globe, in 160 countries.
In particular, the firm offers different ways for recipients to receive money, including direct transfer to a bank account, cash pickup -home delivery, as well as transfer to an e-wallet. Thus, you would have peace of mind that the money will arrive at your home country destination, to your loved ones.
There are other alternatives to Ria, which should compare the price and fees to figure out if they are worth trying, you can consider using any one of the online transfer services like Wise and Remitly.
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By Jiro Nguyen.
The content is only based on the author’s personal opinion and research experience. It is for informational purposes only and does not rely on as a comprehensive or substitute for professional advice.
How long does Ria Money Transfer take for money to arrive?
It could take up to 30 minutes if using a debit or credit card while using a bank account to make a transfer, then you would expect up to 3-5 days for the money to arrive.
Is Ria Money Transfer Safe?
The answer is yes, Ria is committed to providing reliable and secure ways to make money transfers. You can check your money transfer status by putting a pin or transfer number.