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Fifth Third joins Western Union money transfer network

20 July 2009  |  6356 views  |  0 Cash -- close up 100 dollar bill

Western Union has struck a deal to offer its money transfer services at Fifth Third Bank's 1300 branches in 12 US states.

The agreement is part of Western Union's North America "go-to-market" strategy as it looks to take advantage of the rapidly growing remittance market. The company is expanding its offering, tapping into banking channels such as cash-to-cash, account-to-cash, and account-to-account transfers.

The services will be available to Fifth Third account holders and walk-in customers within the next few months.

Mark Erhardt, SVP, retail products, Fifth Third, says: "Our decision to join Western Union's unparalleled global network supports our ongoing strategy to expand beyond traditional banking services offered at our branches, and add to our other non-traditional offerings such as pre-paid cards and the Identity Alert product."

Stewart Stockdale, president, the Americas, Western Union, adds: "Whether it's cash, account, or card-based, our expanding global money-movement network provides consumers more ways to move money quickly to more places worldwide than any other business."

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