Vigo global money transfer review
Vigo is a long-standing money transfer service that does things the old way, allowing you to send money for delivery to a network of banks throughout Latin America.
|Minimum and maximum transfers, methods, options, speed, exchange rates
|Varies by agent
|21 currencies — including MXN, GTQ, COP and CRC
|Starts at $4 a transfer
|Customer service options
What is Vigo?
Vigo is a company that transfers money to 50 countries with an emphasis on Latin America.
Unlike a lot of other providers, you can’t initiate a money transfer online with Vigo. Instead, you’ll need to visit a verified physical location. To find an agent near you, visit the Vigo website and click Find an agent location.
Vigo is owned by Western Union, so if you can’t find what you need, use one of Western Union’s 50,000 locations.
Fees, transfer minimums and exchange rates
You have to visit an agent location or bank for specific information about the currencies you want to transfer. Exchange rates, transfer minimums and transfer methods vary depending on the agent location, with transfer fees starting at $4.
You can transfer money within the United States as well as 21 other countries in Latin America, Eastern Europe and the Caribbean. Countries include Mexico, Guatemala, El Salvador, Honduras, Peru and Colombia.
How do I send money through Vigo?
To send a money transfer through Vigo, visit any of the agent locations included on Vigo’s website.
With so much depending on your specific agent, you might want to call ahead to confirm the information you’ll need for a transfer. You may need your bank account number, ID and your recipient’s bank account details.
How does Vigo Money Transfer compare to other services?
What to look out for
- Physical locations only. Vigo isn’t an online money transfer service. To send money, you must visit a brick-and-mortar store or bank.
- Exchange rates and fees aren’t set in stone. Details vary depending on your specific agent or bank.
Pros and cons
- Transfer to 21 countries. Includes the US and countries in Latin America, Europe and the Caribbean.
- No online transfers. This is especially inconvenient if you don’t live close to a Vigo agent location.
- Transfer fee. Fees start at $4 a transfer. But you can find other online money specialists with $0 fees.
- Opaque website. You won’t find much information about Vigo on its site.
How long has Vigo been in business?
Vigo has been in business for 25 years and is owned by Western Union — which was founded in 1851. WU purchased Vigo in 2005.
To get started with Vigo, visit its site to find a local agent. Then visit that agent with your funds, ID and recipient details to make a money transfer.
No online transfer option is a point against Vigo. As is a website that doesn’t offer much in the way of letting you know how it works.
But you’ll find many Vigo agent locations with the option of visiting thousands more through Western Union.