WUVISAAFT charge

What does WUVISAAFT mean on my bank statement?

ByHamdan Aslam

I always wondered how difficult it is for people to come across a strange charge like the WUVISAAFT charge. So don’t worry and remember that “there is a will there is a way”.  This Nine-letter abbreviated form of bank charge stands for:

  • WU: WU stands for Western Union
  • VISA: VISA stands for Visa
  • AFT: AFT stands for Acquirer Fee Transaction

It is a transaction fee charged by Western Union as a processing fee charge. When a transaction is done by using a Visa card through Western Union’s network. When I send money through WU by using my debit or credit card then these charges appear on my bank statement. It is a Real-time Push Payment for money transfers.

Let’s explore further because I will share A to Z of the complexities of this strange term, reveal its meaning, and provide you with the knowledge you need to handle this charge effectively. Let’s start!

Why is there a WUVISAAFT charge on my Bank account?

The reason for the appearance is that I have used the services of Western Union while sending money to near and dear ones. On the other hand, WU uses it as a merchant code to categorize the transactions.

I will show my transaction history to you guys. This history consists of different payments at different times. Below are the different payment names that are associated with this charge:

  • WU Pay
  • WU Deposit
  • WU Transfer
  • WU Payment
  • WU Reload
  • VISA Direct Payment
  • WU VISAAFT 8003256000
  • WU 800-325-6000 co
  • WU 800-325-6000 co us
  • Western Union
  • WU E-check Deposit

Read More: What are HFT ePay Charges?

Is WUVISAAFT charge on debit card a Scam?

It is a legitimate charge, not a scam. Because it is linked with the prominent global network company Western Union. WU allows people to send across the globe. When the users of WU send the money to their loved ones, the WU acquires the fee for their services.

This transaction is made through using a prepaid or debit card. After that, this fee was passed on to the customer. It is astonishing for those people who haven’t read the terms and conditions of WU or previously not known about these charges.

How to verify WUVISAAFT charge?

To verify the authenticity of this charge, follow the below-mentioned proven steps:

  • Review your transactions of financial activities on your bank statement carefully. Match all transactions with the amount.
  • If you find any discrepancy or are unsure about the charge, immediately contact the WU customer support center. They will sort out the discrepancy.
  • You can also contact the bank they will also clear any ambiguity.

How to Prevent unauthorized WUVISAAFT transaction charges?

To avoid the WUVISAAFT charge follow the proven easy steps:

  • Regularly monitor your bank statement.
  • Always use your bank for transactions for Western Union transfers.
  • Set up alerts for notifications.
  • Always use the most secure payment methods like two-factor authentication.

Frequently Asked Questions

In some cases, WU refunds money when transferred money is not available within the timeframe, and if the receiver doesn’t get the money WU refunds the principal amount after the deduction of refund charges. Refunds for overseas transfers may be treated differently depending on the law.

The purpose of WU transactions is for anyone who needs to transfer or receive funds rapidly. This frequently involves those helping friends or family residing in another country, as well as vacationers and businesspeople who want quick international remittances.

Western Union may deduct an administrative fee from money transfers not picked up within one year of the transmit date, to the extent permitted by law.

Yes, you can send money from the United States after authentication of identity. Once validated, you can transfer up to $50,000.

For refund time please contact Customer Care. Refunds are issued in the original form of payment after verification. The WU may take up to 07 business days to credit the money to the sender.

If the transfer is domestic with Western Union that will take up to 24 hours. International transfers typically take 1 to 5 business days.

The maximum amount of money that can be transferred through Western Union is $7499 US dollars or its equivalent local currency. This maximum amount limit can vary depending on the district and the agent.

Conclusion of What is WUVISAAFT

A charge on my bank statement is associated with a transaction processed through Western Union using a Visa debit card. While it initially confused people, understanding its meaning can help you keep track of your financial activities are on track and ensure all charges are legitimate. Always stay alert and proactive in monitoring your accounts to safeguard against potential fraud of this charge.

I’m Hamdan Aslam has more than 10 years of banking experience with a deep knowledge of banking terms and associated charges like ATM charges, different transaction charges, and most importantly unfamiliar charges that appear on a bank statement.
My journey started with a Master’s degree in Banking and Finance and received professional certification from the Institute of Bankers Pakistan which is associated with internationally acclaimed institutes from the banking and finance sector including Chartered Banker Institute (CBI), UK; Bangor Business School (UK); McKinsey Academy (USA), Omega Performance (Singapore); Finance Accreditation Agency (FAA), Malaysia

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