What Is The Dollar Limit To The Walmart To Walmart App

Walmart Money Transfer Review: Currency Exchange Rates, Fees, Usability, and Monito's Verdict

Jul 1, 2021

Walmart Money Transfer is a poor money transfer service (6.5/10) that's seldom recommended by Monito's experts for international money transfers, largely because of its comparative very high fees and exchange rates (1.5/10). In every other respect, however, Walmart is a good way to send money. Not only are Walmart transfers highly secure and backed by one of the largest companies on the globe (8.7/10), but signing up and sending money is relatively easy on MoneyGram's platform via Walmart2World (7/10), which enjoys very high satisfaction from customers (8.9/10).

What We Like About Walmart Money Transfer

Backed by Walmart, the largest company in the world by revenue;
Over 350 thousand locations in 200 countries via MoneyGram;
Multiple pay-out options are supported;
High-speed money transfers, often arriving in minutes;
Transfers can be started in-app or online and finished in-store.

What We Dislike About Walmart Money Transfer

Fees can be high, especially for smaller transfer amounts;
Exchange rates are uncompetitive on Monito;
Photo identification required to send and receive money;
The maximum limit via Walmart2World is sometimes low.

Who Is Walmart Money Transfer For?

Walmart Money Transfer — and specifically its international transfer segment, Walmart2World — is available to US residents for US dollar transfers to around 200 countries and territories worldwide.

See How Walmart Stacks Up

6.5

Monito score

9.5

Monito score

Read the full review

9.0

Monito score

Read the full review

8.0

Monito score

7.8

Monito score

7.7

Monito score

Read the full review

7.5

Monito score

How Monito Reviewed Walmart's Services

As with all services reviewed by Monito, Walmart Money Transfer underwent a rigorous evaluation to assess the quality of its service. To begin with, our experts opened a Walmart2World account via MoneyGram to test out its functionalities, including the ease of registration and speed of transferring money, which provided a well-rounded overview of the platform's strengths and limitations. Next, we weighed this score against several other key criteria, including customer reviews, percentage of fees constituted by exchange rate margins, pay-in options, access to customer service, as well as business and legal metrics such as volume transferred, appropriate authorization, and company size. Finally, we analyzed nearly 122 thousand searches on Monito's comparison engine to determine how often Walmart Money Transfer was the cheapest service and how often it was competitive against its rivals over the past three months, giving a reliable overview of the service's pricing in relation to the market. As with all Monito Scores, Walmart Money Transfer's score was peer-reviewed by at least one Monito expert.

Background check

Walmart is a publicly traded company, and its money transfer partners are duly licensed and authorized in the US and in every region in which they operate globally.

Security & reliability

Walmart's platforms are fully secured and use top-notch security protocols, including segregated user accounts and HTTPS.

Company size

A well-established company with a long history, Walmart today has more than 1.5 million employees globally, millions of customers, and handles some US$800 million in transactions every year.

Transparent pricing

4.9

Walmart Money Transfer is not transparent about its pricing, with some 51% of total fees being buried away in hidden exchange rate margins.

Opening an account

5.0

Account registration with Walmart2World is a reasonably laborious process, and you'll be required to enter a lot of personal information before making your first transfer.

Making a transfer

7.5

Transferring money with Walmart Money Transfer is simple and straightforward, although you might encounter some regulatory questions along the way.

Contacting support

8.5

Customer support features such as a FAQ are available; however, accessing live chat support is only possible if you're making a transfer.

Fees & Exchange Rates

1.5

Transfers to a bank account

1.0

Walmart Money Transfer was not the best deal on any available Monito comparison for bank transfers analyzed.

Transfers to cash pick-up

2.0

Walmart Money Transfer was the best deal on around 10% of available Monito searches for cash pickup transfers analyzed.

Quoted: 21/06/2021 12:00 GMT +01:00

Walmart MoneyGram Estimator

To get a sense of how much you'll be paying in fees to make a Walmart2World money transfer via MoneyGram, take a look at the Walmart MoneyGram estimator here and run a few test estimations to see how much you can expect to pay in fees for transfers to different countries and using different pay-in and pay-out methods.

(Bear in mind that the Walmart MoneyGram estimator won't display the exchange rate margins costs we went through above.)

Compare Fees & Exchange Rates

Customer Satisfaction

8.9

Customer review score

8.2

Gleaning 4.3 out of 5 stars from customers on Trustpilot, Walmart2World via MoneyGram is without a doubt a much-liked money transfer service.

Number of positive reviews

9.5

With more than eight thousand reviewers on Trustpilot awarding four- or five-star to Walmart2World via MoneyGram, the service is reliable in the eyes of many customers.

How Walmart2World Works

Step 01

Check Walmart's Rates

Use Monito's comparison engine to see how Walmart's fees and exchange rates weigh up against the rest and make sure they are indeed the cheapest option for your international money transfer. There, you'll be able to discover both the cheapest ways to fund your transfer and have the money received.
Step 02

Open a MoneyGram or Ria Account via Walmart

You can sign up for Walmart Money Transfer on the web or using the mobile app using your email address through MoneyGram or Ria. In the steps to follow, we'll look at the process through MoneyGram. To get started, you'll need to provide MoneyGram with your full name, residential address, mobile phone number, country of birth, and date of birth.
Step 03

Verify Your Identity

If you'd like to transfer over a threshold limit (e.g. US$900), you'll be required to verify your identity regardless of your payment method. To do this, start the verification process when prompted and follow the instructions to scan and submit your valid photo ID. Take note that, depending on the amount you send, you may be questioned about your occupation in order to verify your identity.
Step 04

Set Up Your Money Transfer

After you're signed in, you'll be able to set up a new transfer by entering how much you'd like to send, your destination country and currency, and after clicking 'Estimate Fees,' you'll also be able to specify your payment method and your beneficiary's receiving method. You may be asked additional questions about your occupation, source of funds, relationship to the receiver, the purpose of your transaction, and your country of citizenship.
Step 05

Add Your Beneficiary

Next, you'll be directed the 'Receiver Information' section where you'll need to specify your beneficiary's full name and bank information. If you're sending money within the Eurozone, you'll need your recipient's IBAN and their SWIFT/BIC code and their bank name.
Final step

Review and Pay

Having added your beneficiary, the final step will be to enter your payment details in the 'Payment Information' section. This will include an option to enter you card details if you chose to pay by card, or it will show the bank details of the bank account to which you should send your money if you chose to pay by bank transfer.

Go To Walmart Money Transfer

Frequently Asked Questions About Walmart Money Transfer

Is Walmart Money Transfer safe? 🔒

Yes, Walmart Money Transfer is safe. Run by the world's largest retail company, Walmart2World moves around US$800 million on an annual basis through trusted partners MoneyGram, Ria, and Western Union, making the service is as safe and secure as it gets when it comes to sending money online or in-person.
Does Walmart transfer money? 💸

Yes, retail giant Walmart offers money transfers to customers in several ways through Walmart MoneyCenter and selected partners. For example, Walmart customers can send money from one Walmart store to another via Walmart2Walmart, powered by Ria, or internationally through Walmart2World, powered by MoneyGram.
How long do Walmart money transfers take? ⏱

Depending on the pay-in method, pay-out method, and destination countries involved, Walmart money transfers can take anywhere between 10 minutes and three working days to arrive at their destination internationally.
How do I receive money with Walmart Money Transfer? 📥

There are three main ways in which beneficiaries can receive money via Walmart Money Transfer. They can either choose to fetch the money in person from a cash pick-up location, receive the funds into an eligible mobile wallet, or have the funds deposited directly into their bank account.
How do I track money with Walmart Money Transfer? 🔍

When sending money with Walmart Money Transfer, you'll need to visit the relevant partner website in order to track your funds. When you send money with Walmart, you'll receive a tracking number or other transfer details on your receipt. These can then be used on the Ria, MoneyGram, or Western Union websites respectively to track the status of your money transfer.
How do I cancel a Walmart money transfer? ⛔

To cancel a money transfer sent through Walmart, you'll need to contact the customer support team of the relevant partner service. For example, if you sent money abroad through Walmart2World, you'll need to contact MoneyGram. On the other hand, if you send money domestically through Walmart2Walmart, you'll have to contact Ria.
Can I send money with Walmart online? 💻

Yes, it's certainly possible to send money online with Walmart. For example, Walmart customers can send money from one internationally through Walmart2World, powered by MoneyGram, which can be accessed through the Walmart MoneyGram money transfer web page.