How do the money transfer products available through WOCCU’s program differ from a normal wire or the competition?
• Existing wire systems in the United States were created for large-dollar domestic payments rather than the small international transfers made by most immigrants. • Fees and the guaranteed rate of exchange are disclosed at the time the transfer is sent. • Recipients are not required to have a credit union account to pick-up their transfer. • There is no fee to the beneficiary for picking up funds.
