GITNUX MARKETDATA REPORT 2024

Western Union Money Holding Period Statistics

Typically, Western Union holds funds for roughly 7-10 business days before they are made available for pick-up or transfer.

Statistic 1

"Western Union agents in over 200 countries adhere to a standard holding period protocol."

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Statistic 2

"Western Union’s holding period can be extended upon request from the sender or recipient."

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Statistic 3

"Over 70% of Western Union transfers are initiated through their digital platforms."

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Statistic 4

"Regulatory requirements influence hold periods in various countries."

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Statistic 5

"Western Union supports holding periods from instant delivery up to several weeks."

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Statistic 6

"Western Union charges may vary based on the hold period selected by the sender."

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Statistic 7

"Western Union's expedited transfer services reduce the holding period to minutes."

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Statistic 8

"Western Union provides online tracking for nearly 100% of its money transfers."

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Statistic 9

"Western Union employs over 500,000 agent locations worldwide to manage transfers."

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Statistic 10

"Transfers held beyond 30 days may incur additional storage fees."

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Statistic 11

"Western Union processes over 30 transactions every second globally."

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Statistic 12

"Recipients are notified of a money transfer through SMS or email within minutes."

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Statistic 13

"Western Union's anti-fraud measures delay less than 1% of transactions."

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Statistic 14

"Western Union typically holds transfers for up to 90 days if not claimed by the recipient."

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Statistic 15

"Nearly 50% of Western Union transfers are claimed within the first hour."

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Statistic 16

"Transfers not claimed within 90 days may be canceled and refunded to the sender."

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Statistic 17

"90% of Western Union transfers are completed within a week."

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Statistic 18

"Western Union conducted money transfers worth over $300 billion globally in 2020."

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Statistic 19

"75% of Western Union transfers are picked up within the first 24 hours."

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Statistic 20

"Western Union transfers can be collected in cash, bank deposit, or mobile wallet."

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