Nearly 70% of money sent through Western Union in the United States is picked up by receivers on the same day, with nearly one-third picking it up within one hour. Globally, nearly 70% of payouts made by Western Union are picked up by receivers in major remittance receiving countries within 24 hours as well.
The preference for the power of funds-in-hand fast for those who receive domestic money transfers continues to drive payout preferences in the U.S., according to Western Union.
The top three reasons for using Western Union® domestic money transfer in the U.S. are to enable fast payouts for gifting, regular expenses/education and emergencies. Fast payouts provide empowerment to those receiving money as gifts, certainty to those receiving money for regular expenses/education, and relief and comfort for those receiving money for emergency needs.
While most Western Union domestic money transfers are sent to those living far away, nearly one in five U.S. domestic money transfer recipients live in the same metropolitan area, with New York representing the top sending and receiving metropolitan area in the U.S.
However, unlike international money transfer, which often serves the needs of diaspora or migrants, U.S. domestic money transfer senders and receivers reflect a broad range of ages and ethnicities.
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