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MoneyGram review

Fast money transfers to 200+ countries and territories worldwide, but keep an eye on the offered exchange rate.

Finder’s rating: ★★★★★ (3.0/5.0)

You’ll often find MoneyGram locations at grocery stores, small corner shops and probably in many other places around your city. But the cost of convenience comes with a high price — more fees and weaker exchange rates than some smaller competitors. Often you may find that MoneyGram is one of your few choices, especially when sending to more remote locations worldwide.

Why should I consider MoneyGram?

  • Wide reach. MoneyGram has approximately 350,000 agent locations in more than 200 countries and territories — with more than 30,000 of those locations in the US.
  • Diverse transfer options. Customers can send money both online and in-person. Pay using credit and debit cards, bank wires and cash. Be sure to select the payment option that best balances your desired transfer speed with the associated fees.
  • Speed. With same-day delivery available at many locations (subject to the holiday hours and compliance with regulatory requirements), your recipient could have their money in as little as 10 minutes during normal business hours when picking up cash. When speed is important, cash pickup is typically your fastest option with MoneyGram.
  • Delivery options. Send money for pickup in different ways, including cash pickup, to a mobile wallet, directly to a Visa debit card in the US, to a bank account and even to inmates or to pay your bills.
  • Rewards. Sign up to MoneyGram Plus Rewards, which gives you discounts on fees every few transfers you send.

What to be aware of with MoneyGram

  • Low maximum limits. When sending online with MoneyGram, your transfer is limited to $10,000 per transaction. There is also a $10,000 per month limit. When you need to send more you can do so in-person from a MoneyGram agent location.
  • High fees. As with most money transfer services, MoneyGram’s international and domestic transfers incur a fee. Fees are often higher when paying with a credit or debit card and lower when sending from bank account to bank account.
  • No hedging options. MoneyGram doesn’t offer recurring transfers, scheduled transfers or any other hedging tools to help you save money. Hedging tools can help you save money when used appropriately to lock in an exchange rate for future transfers.
  • Inconsistent exchange rates. MoneyGram’s exchange rates vary depending on how you are paying for your transaction and how it will be received. Pay close attention to the exchange rate to make sure you’re getting the best deal.

Bottom line

When you need a money transfer sent fast, or to a remote destination, MoneyGram may be the choice for you. However, it is always a great idea to compare your options before making any transfer, as you never know how much fees and exchange rates may have recently changed.

Even if MoneyGram was the best deal in the past, you may find that a competitor is now offering better rates to save you money.

MoneyGram fees and exchange rates explained

MoneyGram’s fees and exchange rates may vary between online and agent locations, but for online transfers we can offer some insights. To save money, test a few different payment methods and amounts for your transfer, as sending two smaller transfers may be cheaper than one large transfer.

MoneyGram fees

MoneyGram bases fees on the amount you are sending. Fees typically increase around $500 and $1,000, sometimes doubling when you bump up to the next fee tier.

  • Cheap – Paying by bank and having the money delivered to a bank account is often the cheapest way to send money through MoneyGram.
  • Expensive – Paying by credit card and having the money available for cash pickup is often the most expensive way to transfer through MoneyGram.

MoneyGram exchange rate

MoneyGram makes money by adding a margin to the exchange rate in addition to any fees charged. These exchange rates may change depending on how you are paying and how the money is being received, so pay attention to the total amount expected to be transferred when deciding on how to send your money through MoneyGram. Finding the balance between low fees and strong exchange rates is key to saving the most money on your transfer.

Check if there are any MoneyGram promo codes available

How long does a MoneyGram money transfer take?

Transfer speed will depend on the amount of fees you are comfortable paying and how quickly you need it to arrive.

  • Fastest option — as little as 10 minutes

    Pay for your transfer with a credit or debit card. When using a card, you’ll pay a higher fee but your money will arrive in as little as 10 minutes. However, your credit card may charge a cash advance fee, further increasing the total cost of your transfer.

  • Cheapest option — up to five business days

    Using a bank account to pay for your transfer is typically the cheapest way to send money, but is also almost always the slowest. For your first transfer through MoneyGram, you may have to verify your account, which can take four or more business days. After verification, your actual transfer may take an additional five business days.

MoneyGram reviews

Overall, MoneyGram reviews are positive, with more recent reviews tending to be more positive than older reviews. On Trustpilot, MoneyGram US’s ratings were 67% Excellent and Great, with 28% of reviews being Poor and Bad. MoneyGram has responded to 44% of the negative reviews on Trustpilot, and responses typically happen within two weeks. Many customers complained about customer service, while many other customers were happy when completing transactions entirely online.

Reviews accurate as of Dec 30, 2020.

Trustpilot score4 out of 5, based on 3,911 customer reviews
CompareRemit1.6 out of 5, based on 60 customer reviews
BBB ratingA
Finder3 out of 5, staff reviewed

Is MoneyGram safe to use?

After multiple legal cases, one in 2012 and another in 2016, MoneyGram has increased its fraud prevention protocols to keep customers safer. It does this by monitoring transactions, educating customers on the dangers of money transfer fraud and providing numerous resources to customers to report potential fraud.

Common consumer scams, according to MoneyGram, include:

  • IRS Extortion Scam. A person claiming to be from a government agency asks for money to cover back debts owed to the IRS. To do so, the person claims you must wire money or send a prepaid card to a “government account.”
  • Refund scams. A person claims to be working for the FTC and promises to help you get a refund from the agency, sent directly to your bank account.
  • Disaster relief. After a major disaster, scammers set up fake charities and ask for donations through wire transfers.
  • Foreign lottery. A person contacts you claiming you won a foreign lottery or sweepstakes, but due to international tax laws requires you to pay a fee upfront to claim your price.
  • Buying a vehicle. An online or newspaper ad for a vehicle seems too good to be true, and to secure the vehicle you must send a down payment before meeting with the person. Typically they ask you to wire money, which after being sent cannot be retrieved.

Fraud can be reported through MoneyGram’s website or by telephone at 800-926-9400. Additionally, fraud can be reported to the FTC as well as your state’s Attorney General.
More on money transfer scams and how to avoid them

What are all the ways I can send money with MoneyGram?

MoneyGram offers one of the widest ranges of ways to send money and ways for your receiver to get it. We’ll go through each of them and what the steps look like.

Options for setting up a transfer

Online via MoneyGram’s website

MoneyGram allows you to send money online to destinations around the world. To do so, you’ll need to:

  1. Register for an account, or login if you already have one.
  2. Select a receiving bank or MoneyGram agent location.
  3. Choose how you want to pay

Alternatively, set up the money transfer online but pay with cash in-store. Make sure to bring valid ID and enough money to cover the transfer if you choose this option.

Another online option is using Facebook. Find the MoneyGram Sendbot on Facebook then follow prompts provided by the bot. You’ll need a Facebook account to send money this way.

In-person at a MoneyGram location

Agent locations are in almost every country in the world, so to take advantage of this network you’ll need to:

  1. Head to MoneyGram’s website, where you can type in your location and all locations will appear.
  2. Bring necessary documents: valid ID, receiver’s information, and the money you plan on sending.
  3. Pay for your transfer with the agent and collect your receipt.

You’ll often be able to send a MoneyGram from your local Walmart or CVS, but it’s always best to verify with MoneyGram’s Find a Location tool before you head there.

Options for your receiver to get the money

  • Send to a bank account. Although slower, this lets your receiver get the money directly in their account.
  • Organize for it to be picked up in cash at a MoneyGram location. The money is ready at the location in as few as 10 minutes after you’ve sent it, dependant on the opening hours of the pickup location you’ve selected.
  • Send directly to someone’s debit card. Save your recipient the trouble of picking up or transferring money by sending it directly to their debit card. To do so, select Debit Card Deposit when choosing your receive method. This only works for Visa debit cards within the US.
  • Send to a mobile wallet. A mobile wallet is a place to store funds digitally, with actual wallet types varying by country and user preference. Read our starter guide on mobile wallets as a launching point for further research.
  • Delivered right to their door. In some locations, you can choose home delivery as a receiving method. Your money will be delivered by a local MoneyGram agent.
  • Pay bills through MoneyGram. MoneyGram supports bill payment to utility companies, credit cards and more. Use the online bill pay search to find out if the company you want to pay is supported by the MoneyGram network.
  • Send money to an inmate. Funding commissary and calling accounts for inmates is possible through MoneyGram. You can read more about in our full guide, but in short:

1. Search for the Facility on the Pay Bills page.
2. Choose your payment option online or visit an agent location.
3. Send your transfer and collect your receipt.

What do I need to send money online through MoneyGram?

Sending money with MoneyGram will require a few documents and pieces of information, including:

  • Contact information. Your full name and contact information is needed. Additionally, if you’re transferring money from your bank account, you’ll also need your banking information.
  • Proof of ID. A government-issued ID, such as a driver’s license or passport.
  • Recipient information. Be prepared with your recipient’s name and contact information. If you’re transferring to a bank account, you’ll also need their bank name, SWIFT code and account number.
  • Payment method. A valid method of payment is necessary for all transfers. Online transfers can be paid for through a bank account, credit card or debit card. In person transfers you can also pay with cash.

How to track a MoneyGram transfer

Find your authorization or reference number on your receipt or in your email, if you placed an order online. To track, you can:

  • Use the online Track a Transfer tool by entering your last name with the authorization or reference number.
  • Contact customer service and provide the authorization or reference number to them, along with your last name, to check the status of your order.
  • Visit a MoneyGram location and provide your information to the agent to find out where your order is and if it has been picked up or not.

Is there a MoneyGram app?

Screenshot of MoneyGram's app

Yes, MoneyGram has an app on both Google Play and the App Store. The app makes it possible to:

  • Scan your card. Use your phone’s camera to quickly scan your credit card, debit card and photo ID.
  • Log in using biometrics. Both face and fingerprint recognition can be used to log in.
  • Check exchange rates on the go. Current currency exchange rates and fees can be found in the app.
  • Share order details with your contacts. Sending key order information, like the tracking PIN number, to your recipient can be done with just a few taps.
  • Find an agent location using GPS. Use the in-app map to find agent locations based on your GPS or around the world.
Ratings collected on Dec 30, 2020
Google Play Store4.5 out of 5, based on 39,866 customer reviews
Apple App Store4.8 out of 5, based on 151,197 customer reviews

More on the best money transfer apps

How does MoneyGram compare to other services?

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
24 hours

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
24 hours
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Within minutes

View details
XE has fast transfers with low fees and a range of foreign currency tools.
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Within an hour

View details
Exclusive: Use code GET60 to save 30 USD on each transaction over 200 USD. Valid for the first two transactions and till 30 November 2021. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Western Union
Within an hour
From $0

View details
Western Union sends money online to friends and family in 200+ countries around the world.
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.

Compare up to 4 providers

Find other alternatives to MoneyGram

Want to compare MoneyGram with other services side-by-side?


Our team analyzed money transfer providers offering services in the US — from big names to digital upstarts. We rank rates and fees, speed, services and user experience for:

  • Wise
  • XE
  • OFX
  • WorldRemit
  • Currencies Direct
  • Western Union
  • RIA Money Transfer
  • MoneyGram
  • Remitly
  • Payoneer
  • Remit2India
  • Xoom
  • PayPal

Learn the details of our methodology and scoring.

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73 Responses

    Avatarfinder Customer Care
    ZakDecember 3, 2020Staff

    Hi Brian,

    Thanks for reaching out to Finder.

    You have a few options here, depending on how your friend originally sent the money.

    • If your friend sent cash from an agent location, have them revisit the location and talk to customer service about canceling. They’ll need ID and any details about the transfer they remember (amount, date sent, recipient name, etc).
    • Your friend may be able to resend the transaction and include a “secret code” or “secret answer”, which you’ll provide instead of needing ID. This can only be done in-person, and availability will vary by location.
    • Your friend can use the receipt you have (specifically the confirmation number on the receipt) to process a refund.

    I hope this helps. If not, consider contacting MoneyGram directly to see what additional options they can provide.

    Default Gravatar
    PatrickMarch 31, 2020

    How do i prove to my client that i have sent his/her money?

      Default Gravatar
      nikkiangcoApril 2, 2020

      Hi Patrick,

      Thanks for your comment on one of our Finder pages and I hope you are well.

      I understand you want to know how to show proof to your client/receiver that you have sent his/her money. When you send money using Moneygram, you are given an Authorization number or Reference number. Your receiver can use the “Track a Transfer tool” on the Moneygram website to look up a transfer using the authorization number or reference number.

      When sending money, it’s important to check the exchange rate beforehand to maximize the funds to be exchanged. Kindly note that exchange rates vary on a daily basis, the rate today may differ from the rate tomorrow. Observe the fluctuations of exchange rates more frequently days before you exchange your money. 

      Hope this helps and feel free to reach out to us again for further assistance.


    Default Gravatar
    TinaMarch 26, 2020

    Is there a fee for when you are receiving funds?

      Default Gravatar
      nikkiangcoMarch 27, 2020

      Hi Tina,

      Thanks for reaching out to Finder! I hope you are well.

      If the sender is making a bank transfer, the receiver may incur a fee as imposed by the bank. Kindly note that this varies on a bank-to-bank basis. If the sender will be doing a bank transfer, best to check with the recipient’s bank of the fees involved when he/she receives the money.

      A friendly reminder, take note of any reference or tracking numbers should any transaction delays come up during the transit. Also, it’s important to check the exchange rate beforehand to maximize the funds to be exchanged.
      Kindly note that exchange rates vary on a daily basis, the rate today may differ from the rate tomorrow. Observe the fluctuations of exchange rates more frequently days before you exchange your money.

      Hope this helps and feel free to reach out to us again for further assistance.


    Default Gravatar
    NancyMarch 17, 2020

    I have a question this morning around 9am I send out 500.00 to a relative n I was wondering if I want to send out 1500.00 to the same person within 24 hours am I able to do so. Thanks Nancy

      Default Gravatar
      nikkiangcoMarch 18, 2020

      Hi Nancy,

      Thanks for your comment and I hope you are well.

      Yes, you are able to send another $150.00 again within 24 hours your relative via a Moneygram transfer. A MoneyGram caps transfers at $899.99, for a maximum of $3,000 in a 30-day period. Given this, as you are well below 800 pesos you are still able to transfer the said amount.

      Please check the terms and conditions of Moneygram as per your money transfer transaction.

      Hope this helps and feel free to reach out to us again for further assistance.


    Default Gravatar
    KathFebruary 4, 2020

    Hi, how long does it take to receive money sent thru moneygram in saudi arabia. The money will come from the Philippines and they will send me money here in Saudi Arabia thru bank

      Default Gravatar
      nikkiangcoFebruary 4, 2020

      Hi Kath,

      Thanks for your comment and I hope you are doing well.

      In general, money transfer with Moneygram takes a minimum transfer time of 1 day. Specifically, the transfer time also depends on how the money was transferred. For example, if the money was sent for cash pick up, your recipient can pick up your transfer at a MoneyGram location shortly after it’s completed during normal business hours. On the other hand, for bank account transfers, the money is available within 24 hours.

      Given that your money was transferred via bank transfer, the transfer will take 24 hours. When the money is received by your bank, you must ask your bank how long they process international bank transfers. This will dictate when you will be able to withdraw your money from your bank.

      Hope this helps and feel free to reach out to us again for further assistance.


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