RIA Money Transfer – Info and Reviews

RIA money transfer

 

Note that I receive no payment or commission for providing this information or writing these reviews. It’s all a part of my ongoing search for the best money transfer services.

RIA Financial Services is the world’s third-largest global money transfer company. Founded in 1987 in New York City with the goal of serving the Eastern Seaboard, the company now serves 134 countries. In 2007 RIA was acquired by Euronet Worldwide, which is headquartered in Leawood, Kansas, USA.

RIA describes themselves as “the most progressive money transfer company that offers the most competitive and reliable remittance payment services to the general public.”

To send money through Ria, you can contact one of their more than 41,000 paying and receiving Agents, Correspondents or RIA locations around the world. To find a location near you, check here: RIA retail locations. Or call 1-800-227-4195. RIA’s locations are not as ubiquitous as Western Union or MoneyGram, but if you’re in any large or even medium-sized city, you can probably find an agent. I’m located in Fresno, California, a city of about 500,000, and looking at RIA’s website I see they have a location here at the Fulton Mall.

Significantly for U.S. consumers, RIA recently announced that their money transfer services are now available in 5,000 7-Eleven stores.

Unfortunately RIA’s money transfer rates are not listed up front. In order to find out the rate, you are asked to visit a local agent, which in my opinion is a bit of a bother. I see no reason not to provide the information up front if the rates are as competitive as RIA claims.

Personal Experiences and Reviews of RIA

In a discussion on the Visa Journey forum, one member wrote:

“I always used Ria Money Transfer for sending money to my dad in Brazil when I was in the U.S. I usually would go to this Brazilian store, a brazilian store always have way for you to send money, and I’d only pay 10 dollars fee, I think it’s 10 dollars till $3,500, I don’t know what is the fee for your transfer if you send more. One time my husband used Western Union to send me $2,000 to Brazil we ended up paying more fees, cause they take a % of it plus a bank fee.”

Ben in London writes,

“I recently sent some money to South America (to be collected in US dollars) using Ria Money Transfer (I used the branch in Elephant & Castle shopping centre, London). They work in a similar way to Western Union but are much cheaper. They charged me £1 for the transaction and the exchange rate was only about 1.5% worse than the interbank rate – very reasonable I thought. The recipient just had to go to a local agency to collect the money in cash. I’m not sure what the rates are like for sending to the USA but it’s worth asking.”

I personally own a home in Panama and receive the rent from my tenant every month by Western Union. The fee is an odiously high $49 to send $700. Looking at the list of nations that have RIA agents, I see that Panama is included. I’m very interested to find out where the RIA agent is located in Panama, and what the rate would be for my tenant to send the rent.

Countries with RIA Agents:

Africa
Benin
Burkina Faso
Cameroon
Cape Verde
Congo Democratic Republic
Cote D’Ivoire (Ivory Coast)
Egypt
Ethiopia
Gambia
Ghana
Guinea (Bissau)
Guinea (Republic)
Kenya
Mali
Mauritania
Morocco
Nigeria
Senegal
Sierra Leone
Togo
Tunisia
America
Argentina
Bolivia
Brazil
Canada
Chile
Colombia
Costa Rica
Ecuador
El Salvador
Guatemala
Guyana
Honduras
Mexico
Nicaragua
Panama
Paraguay
Peru
United States
Uruguay
Venezuela
Asia
Armenia
Azerbaijan
Bangladesh
Cambodia
China
Hong Kong
India
Indonesia
Israel
Kazakhstan
Kyrgyzstan
Malaysia
Nepal
Pakistan
Singapore
Sri Lanka
Tajikistan
Thailand
Uzbekistan
Vietnam
Caribe
Antigua
Barbados
Cayman Islands
Dominican Republic
Haiti
Jamaica
Puerto Rico
Trinidad
Europe
Albania
Belarus
Belgium
Bulgaria
Estonia
France
Georgia
Germany (Domestic)
Holland
Italy
Latvia
Lithuania
Moldova
Poland
Romania
Russia
Serbia
Spain
Switzerland
Ukraine
United Kingdom
Middle East
Bahrain
Jordan
Kuwait
Lebanon
Qatar
Saudi Arabia
United Arab Emirates
Yemen
Pacific
Australia
Cook Islands
Fiji
New Zealand
Philippines
Samoa
Tonga
1.00 avg. rating (38% score) - 1 vote

9 thoughts on “RIA Money Transfer – Info and Reviews

  1. Hello Amy. I could not find the payout location in Singapore, sorry. Not for lack of trying. I tried Ria’s online agency locator, and it’s not working. So I called the company and spoke to an agent. The agent spoke very poor English (Spanish was her native language) but after some repetition I understood from her that the payout location in Singapore is Ary Forex Limited. But she couldn’t give me an address or phone number. I tried looking it up and found that Ary Forex is now called Speed Remit Worldwide Limited. However, I could find nothing useful on their website – http://www.speedremit.com/. So in conclusion I do not recommend using Ria Money Transfer at this time. I hope that the money has not already been sent. MoneyGram would be a better choice.

  2. Hate them, hate them, hate them. I would not recommend Ria to anyone. I went through the process, got a confirmation e-mail, got a pick-up verification and when they went to pick it up they were told order had been cancelled. A call to Ria gave no explantion and could not tell me why it was cancelled. Go Western Union or anyone else.

  3. Pingback: Sending Money Ria | moneymits

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