RIA & safety: transfer money overseas to friends and family | finder.com
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How safe is RIA for international money transfers?

With no minimum transfers and low fees, RIA is a solid option for transferring cash. Not only that, it keeps your financial details and personal info safe.

When transferring money to more than 140 countries, RIA is inexpensive and reliable way to send money to friends and family overseas. You can register quickly using an online form and enjoy better exchange rates than at your local bank. Take a closer look at the precautions it uses to keep your identity secure.

RIA: $10 Amazon.com Gift Card

Register today and get a $10 Amazon.com Gift Card* as a Welcome Bonus after you complete your first money transfer.

How does RIA protect my money?

RIA is one of the largest money transfer companies in the world. Founded in 1987, it has an impressive history of successful transfers that will provide you comfort when sending money.

  • Accountability. RIA’s parent company is Euronet Worldwide, a publicly traded on NASDAQ.
  • Extended Validation Certificates. EVs are the highest level of validation given to websites.
  • Safe payment. Credit card information is never stored on RIA’s servers.
  • Regulation. It is an American company in compliance with FinCEN.
  • Verification. RIA verifies its users’ identities to prevent suspicious activity.

What are my rights when it comes to money transfers?

The Consumer Financial Protection Bureau established rules in 2013 that protect US citizens when transferring money internationally. Federal law now requires many credit unions, money transfer services and banks to disclose information both before and after a transfer.

Before a transfer, you have the right to know:

  • The exchange rate.
  • Fees and taxes collected from you.
  • Fees charged by agents overseas and others involved in the transfer process.
  • The amount your recipient is expected to receive (excluding foreign taxes and recipient fees).

You also have the right to know:

  • Your ability to cancel the transfer. Unless the transfer has been picked up or deposited, you have 30 minutes (and sometimes more) to cancel at no charge.
  • The company or bank’s process to investigate and fix any mistakes. It generally has 90 days to resolve any problems.

These rules apply to all international transfers of $15 or more.

RIA: $10 Amazon.com Gift Card

Register today and get a $10 Amazon.com Gift Card* as a Welcome Bonus after you complete your first money transfer.

How do I report suspicious activity to RIA?

RIA will never email you to confirm passwords, transaction details or personal information. If you receive an email from someone claiming to be RIA, do not respond. If you’re wary about an email or phone call, contact RIA’s Customer Fraud Department at 855-355-2145 or fraudprevention@riafinancial.com.

How to avoid a money transfer scam

Most likely you’ve heard about someone who’s fallen prey to a money transfer scam. Stay vigilant with these easy tips.

  • Don’t answer unsolicited phone calls and emails. Phishing scams often involve an email asking you to resend passwords or information. If you’re not sure whether it’s legit, go to the company’s website directly instead.
  • Don’t transfer money to someone you don’t know. If for an online sale or auction, be sure that you have all of the seller’s information. And do a little research online before sending your payment.
  • Ask questions. If a business responds quickly and accurately, that’s a good sign you’re working with a reputable company.

Tips for picking up cash safely

Knowing your money is secure during a transfer is important. But it’s just as vital to be safe when retrieving the cash. Follow these easy tips.

TipDescription
Call ahead.Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
Bring a friend.Carrying money when alone can be dangerous. Ask a friend to come along.
Deposit your money immediately.The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
Keep your cash hidden.Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.

Bottom line

With no minimum transfer amount and quick transfers, RIA is a safe choice when sending money internationally. Compare exchange rates and transfer limits to see if RIA is right for you.

Common money transfer scams to watch out for

ScamWhat to watch out forWhat to do
Online purchasesAsking for money up frontDo not pay up front, ask to meet or arrange escrow
Lottery and sweepsMust pay a fee to receive your prizeIgnore it; it’s not a real prize
“Guaranteed” loansRequest to pay for your application or taxes before you receive the loanRip it up; do not send the money
PhishingAsking for personal details over email (bank accounts, passwords, SSN)Do not reply or click any links – forward the email to spam@uce.gov
CharityDonation requests from a fake charity posing as real one.Never wire money when donating to charity, regardless of their legitimacy.
Nigerian dignitarySomeone contacts you to help recover a large sum of money, and need your bank account info to help pay fees.Never provide financial information over email.
“Stranded traveler”A loved claims to be in trouble, and they are asking for you to send cash.Never send a money transfer until you can verify you know the recipient.
Online datingGetting to know someone online and after you feel a connection, they ask you to wire money.Never send money to someone you have not met in person.

Keep your money safe from money transfer scams

Frequently asked questions

RIA: $10 Amazon.com Gift Card

Register today and get a $10 Amazon.com Gift Card* as a Welcome Bonus after you complete your first money transfer.

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2 Responses

  1. Default Gravatar
    SusanOctober 29, 2017

    I sent funds yesterday to GERALD BAYO nigeria when i sent the copy to my husbands commander as hes a soldier he told me that the funds has already been picked up before the commander went to the bank could this happen do they need identification to collect the reference number is 12673782903
    What can be done as i need to send more
    Thankyou

    • Staff
      AshOctober 29, 2017Staff

      Hello Susan,

      Thank you for reaching out to us.

      For the recipient to claim the funds that you have sent from the Ria agent locations, he/ she will need the following:

      *PIN/ Order number provided by the sender or can be found on the receipt
      *Valid ID (name on the ID must match that on the money transfer)

      For any suspected fraud activity, you may contact Ria at the provided contact number above.

      Let us know if you have any other questions so we can further assist you.

      Cheers,
      Ash

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