Wal-Mart cuts money transfer fees for holidays
Wal-Mart Stores Inc
Through January 31, U.S. Wal-Mart stores will charge customers a $7 fee to send up to $200 anywhere in the United States or abroad. Previously, the price for a money transfer started at $9 for an international transfer and $11 for a domestic one.
Money transfers can be sent and received at its more than 3,500 U.S. stores. The transfers are offered through MoneyGram
Spokeswoman Linda Blakley said a large percentage of customers choose to transfer money from one Wal-Mart store to another.
Lots of our customers come in and send it to relatives or friends ... and the recipients come to the store to pick it up, she said.
For the holiday season this year, Western Union
(Reporting by Nicole Maestri, editing by Dave Zimmerman)
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