Introduction to Wuvisaaft
WUVISAAFT is a code that appears on your bank or credit card statement each time. When you make a transaction with the help of a Visa credit card through Western Union. This generally refers to money transfer charges incurred from Western Union over a Visa credit card. There would be a charge of such nature wherever you make money transfers to a foreign country. As well as using specific payment methods through Western Union’s services.
What does WUVISAAFT stand for?
WUVISAAFT stands for Western Union Visa Advance Fee Transaction. It is a fee that appears on your statement. This happens when you use a Visa card to send money via Western Union. The fee is added to the total cost of your transfer. You will see it as a separate charge on your bank or credit card statement.
How much does the WUVISAAFT cost?
The WUVISAAFT fee is not fixed. It depends on many factors. Some of these depend on the amount you send and the destination of sending. Normally, it is in a range within 1-3% value compared to your overall transfer amount. Assuming you were sending money to the extent of $1000, the fee would be $10 to $30. This is in addition to other fees Western Union may apply. The fee can change based on how you send the money.
Is the WUVISAAFT Charge Legitimate?
Yes, the WUVISAAFT charge is legitimate. It is a real fee for using a Visa card with Western Union. If you see this fee but didn’t use Western Union, it might be fraud. In that case, you should contact your bank right away for help. Also contact Western Union so that these guys will be able to investigate the transaction. It’s crucial to verify any unexpected charges.
Avoiding the WUVISAAFT Charge
Some possible ways to avoid having the WUVISAAFT charge tagged with your money transfer using Western Union
Use the bank transfers:
Instead of using the Visa card, you can just directly process the money transfer. The bank account transfer is usually not charged with the WUVISAAFT.
A few money transfer services:
Companies such as PayPal or Remitly. They might not classify the transaction as a cash advance and have cheaper fees.
Check Terms and Conditions:
Read carefully Western Union’s fee structures and terms and conditions. That way you understand the charges and give you an opportunity to identify cost effective options.
Is the WUVISAAFT Charge Refundable?
In most cases, the WUVISAAFT charge is not refundable. The fee covers the cost of processing the transaction. If you believe the charge is a mistake, you can contact Western Union or your bank. They can check if a refund is possible. Refunds usually happen only if there is an error or fraud. Some users have successfully got the fee back by reporting the issue as fraud or as a mistake.
What to Do if You Have No Idea About the WUVISAAFT Charge
If you see a WUVISAAFT charge on your bank statement. But you don’t recall making any transfers, here’s what you should do:
Transactions Review:
Review your latest account activity. Can you be certain that you sent out that transfer at Western Union?
Call Western Union:
Call Western Union’s customer service to get more information about the transaction.
Alert Your Bank:
Inform your bank about the charge. If it is unfamiliar or suspicious so that they may protect your account from potential fraud.
Conclusion
WUVISAAFT charges are among the different charges that come with making money transfers using your Visa card with Western Union. Despite their legitimacy, it is important to monitor all of your transactions closely. Ensure the charge corresponds to a transfer you actually made. If the charge seems unfair or fraudulent, immediately alert both Western Union and your bank. This ensures the issue is addressed properly. Compare money transfer services to find the least expensive and safest option for your money.
