Send cash overseas to more than 190 countries with MoneyGram.
MoneyGram is a money transfer service operating in over 190 countries. Powered by global foreign exchange leader OFX, with MoneyGram you can send funds via an online bank transfer straight to your recipient’s account, or from one of thousands of agent locations to other locations or bank accounts around the globe.
Because MoneyGram allows cash pick-up in a huge range of popular and exotic locations, it’s perfect for sending cash to relatives without bank accounts or travelling friends and family who need urgent funds.
If you’re sending cash through a MoneyGram agent it can be available to pick up in as little as ten minutes in some cases, so if you need to send money in a hurry you can.
Lorria Sahmet is a writer for Finder, specialising in money transfers.
MoneyGram's coronavirus response
MoneyGram is encouraging customers to take business online when possible. According to the MoneyGram website, customers should:
“Take advantage of our online and in-app services to limit unnecessary travel
Check with local agents for store hours, restrictions, and closures if you need to send money using cash”
MoneyGram exchange rates
As mentioned, MoneyGram is powered by OFX, a leading money transfer provider in Hong Kong with competitive fees and exchange rates. You can see a comparison of MoneyGram’s exchange rates below.
Comparison accurate at time of writing 28/05/16 23:14PM EST.
As you can see, MoneyGram offers competitive rates compared to banks and even other money transfer services. Keep in mind that the above comparison doesn’t take into account fees. Read on to see a common transfer and the fees you’d be charged for it.
How much does it cost to transfer money with MoneyGram?
MoneyGram has a simple fee structure. If you’re transferring under HKD$770, you’ll be charged a flat fee of $97 per transfer. Transferring HKD$5,000 will charge $313 and a HKD$10,000 amount will be charged $455 and so on. You can check out the different transfer fees charged depending on your money transferred on their site.
Minimum transfer amount and available countries
MoneyGram has a no minimum transfer amount, however the maximum amount will depend on the country you are sending too. Head to the MoneyGram website for more to check out different currency maximum limits.
Money transfers through MoneyGram are available in 197 countries, and the following currencies are supported:
What types of transfers can you carry out with MoneyGram?
MoneyGram allows a range of transfers, including:
Regular transfers. You can schedule these with MoneyGram in the event that you need to make regular transfers overseas. If you have fixed payments you can lock in an exchange rate upfront, otherwise your rate will vary as usual.
The MoneyGram registration and transfer process
To start making funds transfers with MoneyGram, you need to register for a free account on the MoneyGram website. The registration will require you to enter in a few details about yourself, including whether you’ll be making bank account to bank account transfers or cash transfers.
You’ll also need to enter in your name and details about where you live, as well as some basic information about the transfers you plan to make.
Once this is complete you’ll receive an email and a phone call from MoneyGram to finalise your registration.
Money transfers with MoneyGram
If you’re making a transfer, you can do so with cash in person at a MoneyGram Branch, or online.
To conduct a cash transfer with MoneyGram you’ll need to find a MoneyGram agent, bring some identification, including a passport or driver’s licence, and then complete the money transfer form. You’ll then need to contact the recipient and give them the reference number.
Sending money to a bank account overseas with MoneyGram is also simple. All you need to do is log in to your account and specify the amount you’re transferring, and then accept the quote.
Then you’ll need to send MoneyGram the money, and they’ll send it to the recipient. Money is usually transferred to the recipient within one to two days of sending it to MoneyGram.
Pros and cons of using MoneyGram
Competitive exchange rates. As can be seen in the comparison above, MoneyGram has competitive exchange rates.
Powered by OFX. OFX is a trusted foreign exchange service with offices around the globe.
Large number of countries and currencies supported. MoneyGram allows you to send money to 197 countries in a large range of currencies.
No minimum transfer amount
Flat fee for transfers.If you’re transferring even a small amount you’ll still need to pay a fee.
How does MoneyGram compare to other providers?
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Frequently asked questions about MoneyGram money transfers
MoneyGram uses 2048 SSL certificates and Thawte online security to protect your transfers.
You can check the status of your transfers by logging into your account and selecting the ‘Your Transfers’ tab. MoneyGram will also send you a confirmation email once the transfer is made.
You can make transfers at any time of the day or week.
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