Ria money transfer: Fees, Exchange Rates, and Transfer Time

If you're in need of sending or receiving money across borders, you might want to consider Ria as one of your options. Ria Money Transfer was initially founded in 1987 and has since become one of the biggest money transfer services available globally. With Ria, you can easily make or receive payments online, or even arrange for in-person collections through a vast network of 447,000 agents in 160 countries. This article aims to provide you with a comprehensive guide to Ria money transfer, including detailed information on fees, exchange rates, and transfer times.

Ria money transfer: Fees, Exchange Rates, and Transfer Time

How much does a Ria money transfer cost?

The amount you will be charged for transferring funds through Ria is not fixed and may differ based on the amount of money being sent and the recipient's location. Additionally, the payment method used may also impact the transfer fee. Typically, bank account transfers are less expensive, while credit or debit card payments may be faster. It is important to note, however, that some credit card companies may impose a cash advance fee, which should be taken into account.

Exchange rates of Ria money transfer

According to Ria Money Transfer, their exchange rates are highly competitive in the countries they operate in⁵. However, exchange rates can vary depending on the recipient's country and the currencies involved in the transaction. Before initiating a transfer, you can use Ria's price checker tool to verify the rate.

Although Ria's exchange rates are competitive, they are not the absolute best. Ria adds a markup on top of the exchange rate, which is a way that some banks and transfer services generate additional revenue from your transfer.

If you are uncertain whether the exchange rate you are being offered is fair, you can easily perform a quick online search or use the DNBC Financial Group Currency Tool. If you require a quick currency conversion, the currency converter tool offered by DNBC Financial Group may be helpful. The tool shows how much foreign currency is worth in relation to the US dollar or euro, and the Currency Layer API provides real-time updates on various exchange rates. Please note that there may be variations in exchange rates depending on the currency being exchanged.

Furthermore, DNBC Financial Group provides a regularly updated list of global currency symbols used to denote monetary value, including the dollar sign "$," the pound sign "£," and the Euro sign "€." We also provide a comprehensive list of ISO 4217 Currency Codes, which includes the standard three-letter codes for every currency worldwide. We rely on user feedback to keep this list as complete and accurate as possible.

It is important to mention that Ria generally offers more favorable rates for online transfers. If you choose to visit a physical agent location such as making a Ria money transfer in Walmart, you may find that the rates are not as good.

How to make Ria money transfer

To initiate your first money transfer with Ria, follow these steps:

1. Open a free account, which takes only a few minutes and requires identity verification. With a verified account, you can log in and set up your next transfer without any delays.
2. Use Ria’s price calculator to estimate the transfer fees and currency exchange rates applicable to your transfer.
3. Enter the amount you want to send, select the destination country, and choose a payment method from the bank account, debit card, or credit card options.
4. Choose a collection method, which determines how the recipient will receive the money. You can select either bank account transfer or cash pick-up.
5. Provide the recipient’s information. The details required may include their name, address, and bank account or cash pick-up location information.
6. Verify the details and click ‘submit’. Ria will begin processing your transfer, and you will receive email updates on the progress of your transfer, including when it has been reviewed and when the recipient receives the money.

How to track Ria’s money transfer

Tracking your Ria money transfer is a straightforward process. Here are the steps to follow:

1. Find your tracking number: The tracking number is a unique code assigned to your transaction. You can find it on the receipt or confirmation email you received when you made the transfer.
2. Go to Ria's tracking page: Visit Ria's website and click on the "Track a Transfer" option. Alternatively, you can use this direct link to access the tracking page: https://www.riamoneytransfer.com/track.
3. Enter your tracking number: In the space provided on the tracking page, enter your tracking number and click on "Track" to proceed.
4. Check your transfer status: Once you click "Track," the page will display your transfer status, including whether it's been processed, in transit, or completed. You will also see the expected delivery date and time, depending on the delivery method you chose.
5. Contact Ria's customer support: If you have any questions or concerns about your transfer status, you can contact Ria's customer support team for assistance. You can reach them through the website's chat option, email, or phone call.

How long does it take for the Ria money transfer complete?

The duration of an international money transfer with Ria depends on the payment method and the mode of receiving the money. When you fund your transfer with a credit or debit card, the payment can be processed in as little as 15 minutes. However, the time taken for bank transfers can be longer, as different banks have different payment processing times.

The transfer time can also be influenced by the mode of receiving the money when using Ria. Cash pickup is the fastest option, with the funds typically becoming available on the same day. 

In some cases, a transfer with Ria can take longer if the payment is flagged for a security review, which can take up to 12 hours. Nevertheless, most orders are reviewed within a few hours of submission.

About DNBC Financial Group

DNBC Financial Group is dedicated to streamlining global financial transactions to the best of its ability. Its services have rapidly expanded to assist customers and businesses worldwide by reducing the cost of international shipping and purchases, collecting payments from clients abroad, transferring funds across multinational operations, and minimizing the impact of currency fluctuations.