MoneyGram vs. Ria: Which has cheaper, faster transfers? |

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

MoneyGram vs. Ria

We compare two competing money transfer services on fees, rates and speed to get you the best deal.

Updated . What changed?

Fact checked

Ria beats out MoneyGram on exchange rates, but the two tie on fees and transfer speeds. However, MoneyGram’s cash pickup options may make a slightly more expensive transfer worth it for you. Compare these two options to help choose the best one for your needs.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1 Within an hour USD 8.00 0.824 EUR 818 MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide. Show details
$1 Same day USD 5.00 0.827 EUR 822 Ria lets you send money to 130+ countries with cash pick-up at 240,000 locations. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How they work


To make an online transfer with MoneyGram, you go to its site, enter how much you’re transferring and to where, and see how much you’ll pay for the exchange. You also have the option of visiting an agent location, calling or using a mobile app to initiate a transfer. And once complete, it converts and delivers your money to a bank account or for cash pickup at locations worldwide.

Read review: MoneyGram Review


To transfer money online with Ria, go to its site, enter the amount you’d like to transfer and to which country, and choose your payment and payout methods. On the same page, you’ll see the exchange rate and transfer fee for your particular exchange.

Read review: Ria Review

Back to top

Who offers lower fees?


Fees vary depending on how much money you’re transferring, how you’re sending it and the country you’re sending it to. Unless you actually initiate a transfer, it’s not easy to find out up front how much you’ll pay. For example, to send $1,000 to China from a bank account, you’ll pay $8 in fees; to pay for that same amount by credit or debit card, you’ll pay $48. To send $1,000 for cash pickup in the Philippines, it’s $4.99 from a bank account and $10 by credit or debit.


Money transfer fees with Ria also vary by payment method, country and the amount you’re sending. The cheapest way to send money is by bank transfer, with a typical fee that’s lower than $5. However, fees for credit card payments can be as high as $45.

Trophy icon
Winner: Tie

MoneyGram and Ria offer similar transfer options and fees. Although if you’re planning to pay by bank transfer, Ria may have a slight edge.

Back to top

Who offers better exchange rates?

To understand who offers better exchange rates, you’ll need to first look at the mid-market rate. This is the true exchange rate that averages the buying and selling rate of a global currency — and the rate banks and transfer services use when they trade among themselves.Let’s look at the rates that MoneyGram and Ria offer compared to the mid-market rate.


Depending on where you’re sending your money, MoneyGram’s exchange rate could be 5% or more above the mid-market rate. This means that hundreds of dollars on a large transfer could be diverted to MoneyGram’s pockets. 66.78

We’ll use the example of a transfer to Indian rupees (INR)

  • If the mid-market rate is 1 USD = 66.78 INR
  • MoneyGram’s exchange rate might be 1 USD = 64.22 INR


Ria takes a smaller margin than MoneyGram, with rates that can be less than 1% on the mid-market rate.

Using the same example of a transfer to Indian rupees (INR):

  • If the mid-market rate is 1 USD = 66.78 INR
  • Ria’s exchange rate might be 1 USD = 66.47 INR

Trophy icon
Winner: Ria

Ria’s competitive exchange rates make it the clear winner over MoneyGram.

Back to top

Who’s faster?


MoneyGram’s delivery speeds vary by transfer option. Transfers in person or by phone can be delivered in minutes, although at higher costs. MoneyGram’s cheaper options take two to four business days.


Ria’s transfer speeds also depend on the method that you choose to send your money. When you use your credit or debit card, the exchange typically takes 15 minutes or less. Cheaper transfers from your bank account can take up to four days.

Trophy icon
Winner: Tie

A typical money transfer or instant transfer option, your money will likely get there in about the same time for both services.

Back to top

Who offers more options?

Payment MethodsMinimum and maximum transfersDelivery methodsTransfer speedsCountries and currencies
MoneyGramBank account, credit or debit card, cashVaries by countryBank transfer, cash pickup, other options by location15 minutes to 4 business days190+ countries and 45+ currencies
RiaBank account,credit or debit card, cash$1 minimum; $2,999 a day or $7,999 a month maximumBank transfer, cash pickup15 minutes to 4 business days144 countries
Back to top

Case study: Sending $2,000 to Germany

Let’s say you need to send $2,000 to Germany. Here’s what you would pay for an online bank transfer with MoneyGram and Ria.

Transfer fee$5$5
Exchange rate1 USD = 0.93 EUR1 USD = 0.94 EUR
Transfer speed4 business days2–4 business days
Total received1,855 EUR1,875 EUR

If you use Ria for your transfer, your recipient will receive 20 extra euros — and get them possibly a few days earlier.

Bottom line

MoneyGram and Ria offer similar options, but you could save money with Ria’s competitive exchange rates — and maybe even save a few days.

Ultimately, you’ll want to compare your options to find the service that best fits your needs.

Still looking for other options?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 0.835 EUR 4,175 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.835 EUR 4,175 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.
Go to site Show details
USD 1 Same day USD 0.00 0.84 EUR 4,198 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.827 EUR 4,131 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.
Go to site Show details
$1 1 - 2 days USD 40.00 0.843 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 0.84 EUR 4,196 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

2 Responses

    Default Gravatar
    MarthaJuly 10, 2019

    Do MoneyGram work in Turkey?

      Avatarfinder Customer Care
      JeniJuly 12, 2019Staff

      Hi Martha,

      Thank you for getting in touch with Finder.

      Yes, MoneyGram operates in Turkey. If you wish to know agent locations in your area, please see MoneyGram’s agent locator page.

      I hope this helps.

      Thank you and have a wonderful day!


Go to site