Western Union and Regions Bank Renew Agreement for Global Money Transfer and Payment Services
February 22 2023 - 7:00AM
Business Wire
Consumers can send or receive Western Union
money transfers and make payments at more than 1,250 Regions
Bank locations.
Western Union (NYSE: WU) and Regions Bank (NYSE: RF) announced a
five-year extension to their original 2011 agreement allowing
consumers to use Western Union® global money transfer and expedited
bill pay services to send or receive money at any of Regions Bank’s
more than 1,250 U.S. locations.
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the full release here:
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The renewal means people, regardless of whether they have a
Regions Bank account, can continue to send and receive domestic and
international money transfers and make same-day payments
conveniently and quickly at Regions Bank locations through Western
Union. Since 2011, Regions’ customers and non-customers alike have
sent and received over $1 billion.
“In moving money, we are creating opportunity and growth for
individuals, businesses, communities and whole economies by
bridging gaps within the financial services sector,” said Gabriella
Fitzgerald, President, Western Union North America. “Western Union
is a company that has a strong social purpose at its core, one that
is shared through our work with Regions Bank.”
“For more than a decade, Western Union and Regions Bank have
worked together to bring consumers a reliable channel to send money
to more than 200 countries and territories,” Fitzgerald added. “Our
partnership with them provides customers choice and convenience
when conducting their financial business.”
Kate Danella, head of Regions’ Consumer Banking Group, said
Regions’ work with Western Union is part of its commitment to
financial inclusion and access to banking services throughout
Regions’ branch network, which includes 15 states across the
Southeast, Midwest and Texas.
Regions’ efforts to broaden access to banking include Regions’
suite of Now Banking solutions for non-accountholders plus its Bank
On-certified Regions Now Checking® account with no overdraft fees.
Further, Regions offers the Explore Visa® credit card and other
deposit-secured lending products, affordable mortgage options
requiring no down payment, and the no-cost financial wellness and
budgeting tools available to everyone through the Regions Next
Step® financial wellness program at Regions.com.
“Regions Bank is committed to fostering greater access to the
financial system and meeting the comprehensive needs of consumers
throughout the cities and towns we serve,” Danella said. “Our
collaboration with Western Union has benefited people not only
across our banking footprint but also around the world through
essential money-transfer services. We are proud to build on our
work with Western Union to ensure this financial lifeline remains
in place through our convenient, accessible branch network.”
Western Union offers banks a cost-effective and reliable way to
meet consumer demand to send money from bank accounts to be paid
out almost anywhere in the world. The company’s cross-border,
cross-currency platform and global financial network reaches 200
countries and territories worldwide, giving customers the ability
to move money to the people they are closest to, virtually
anywhere. Customers have the option to have their money transfers
paid out in minutes across a substantial network of retail
locations or into billions of bank accounts, and millions of
wallets or cards worldwide.
WU-G
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. Western
Union’s platform provides seamless cross-border flows and its
leading global financial network bridges more than 200 countries
and territories and approximately 130 currencies. We connect
consumers, businesses, financial institutions, and governments
through one of the world’s widest reaching networks, accessing
billions of bank accounts, millions of digital wallets and cards,
and a substantial global network of retail locations. Western Union
connects the world to bring boundless possibilities within reach.
For more information, visit www.westernunion.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE: RF), with $155 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, and mortgage products and services.
Regions serves customers across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates more than 1,250
banking offices and more than 2,000 ATMs. Regions Bank is an Equal
Housing Lender and Member FDIC. Additional information about
Regions and its full line of products and services can be found at
https://www.regions.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230222005231/en/
Media Contacts:
Brad Jones, Western Union Bradley.Jones@wu.com
Jeremy D. King, Regions Bank +1 (205) 264-4551
jeremyd.king@regions.com
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