MoneyGram international money transfers

Send fast money transfers to over 190 countries with MoneyGram.

Quick verdict

Good for
  • Instant transfers
  • Wide range of currencies
  • Paying with cash or card
  • Recipients with no bank account
Not so great for
  • Low fees
  • Competitive exchange rates
Product NameMoneyGram International Money Transfers
Min. Transfer AmountNZD 250
Max. Transfer AmountNZD 10,000
Transfer MethodsOnline, Agent, Bank Account to Bank Account, Cash Transfer
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Email
Available CurrenciesAED, ALL, AUD, BMD, BND, CAD, CHF, CZK, DKK, DZD, EUR, FJD, GNF, HKD, HUF, IDR, ILS, INR, IQD, JPY, KRW, KWD, LKR, MAD, MGA, MMK, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SBD, SCR, SEK, SGD, SZL, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, YER, ZAR
Online Transfer FeeUSD 6.99
Exchange Rate UpdatesReal time

MoneyGram exchange rates and fees

Calculate how much sending money overseas would cost with MoneyGram by using our tool below. You can also check out the real-time exchange rate that MoneyGram offers and see if there are any additional fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details

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The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Available currencies

MoneyGram aims to deliver money almost anywhere in the world, in almost any currency you need. This means that there are over 95 currencies you can choose to send to.

Popular currencies include:

  • USD United States dollar
  • EUR Euro
  • CAD Canadian dollar
  • AUD Australian dollar
  • CNY Chinese yuan
  • JPY Japanese yen
  • HKD Hong Kong dollar
  • IDR Indian rupee

What types of transfers can you make with MoneyGram?

Sending methods

There’s currently only one way to send money from New Zealand using MoneyGram:

  • In person. Transfer money at any one of MoneyGram’s agent locations.

Receiving methods

However, there are a couple of options when it comes to receiving funds. Money can be:

  • Picked up from one of the 350,000 MoneyGram locations around the globe.
  • Deposited directly into the receiver’s bank account.

How long does a transfer with MoneyGram take?

How long a transfer takes depends on what kind of transfer you’re sending. Cash pick-ups and mobile wallet payments will often be available in just a few minutes. Sending money to a bank account will usually take longer, especially if you’re sending money over a weekend.

If you want a fast transfer you can opt for a cash pick-up, but if you’d prefer a cheaper payment a bank transfer is more suitable.

Transfers typically takeClock icon for transfer speed

Within an hour

Is MoneyGram safe to use?

  • Security and regulation: MoneyGram is government regulated and holds its customers’ funds separate from the company’s own.
  • Established: 1940
  • Reviews: Bear in mind that Trustpilot gives MoneyGram a score of 0.4* out of 10, based on over 350 reviews.
*According to TrustPilot on 12 April 2019.

Although MoneyGram describes itself as “safe and secure”, you should never send money to someone you don’t know.

How does MoneyGram make money?

MoneyGram makes money by charging fees for its money transfer services, as well as by taking a margin on international exchange rates.

This margin is the difference between the mid-market exchange rate and the rate that MoneyGram gives its customers.

The mid-market rate is the official exchange rate at any given time, showing how much two currencies are worth relative to each other. MoneyGram and most other money transfer services will give customers slightly less than a currency is worth and take the remainder for themselves. This is the margin.

How to register for an account

You don’t need to register an account with MoneyGram to send money in person at an agency, but you will if you want to send money online. Remember that you can only send money from New Zealand in person; however, you have several options for receiving money in New Zealand.

To create an account:

How do I make an international money transfer with MoneyGram?

What is MoneyGram?

MoneyGram is the world’s second-largest money transfer service, as well as one of the oldest. In its earliest incarnation, MoneyGram was founded in 1940 as Travelers Express. It wasn’t known as MoneyGram until 1988.

Between those years, it was acquired by The Greyhound Corporation, and at different times it went through mergers and was spun-off as a separate company.

It took a hard hit in the financial crisis between 2007 and 2009, experiencing a 96% drop in share price and downsizing around the world, but it has grown again since then.

In a nutshell

Pros
  • Instant transfers available. MoneyGram can let you send money to most places in the world in just a few minutes.
  • Variety of delivery options. You can send money to your recipient’s bank account, mobile wallet or door, or to a cash pick-up location.
  • Currency and country range. MoneyGram agents can be found all over the world – it has one of the widest reaches.
Cons
  • Low maximums. MoneyGram generally isn’t suitable for larger transfers.
  • Expensive. MoneyGram will generally have higher fees and poorer rates than other money transfer services.
  • Only one payment option in New Zealand. If you’re sending from New Zealand, you can only make payment in person.

How does MoneyGram compare to other providers?

Browse the table below to see how MoneyGram compares to other providers. You can use the built-in calculator to see how much your transfer might cost.

Rates last updated August 24th, 2019
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
XE Money Transfers
NZD 0
1 day
Online, Phone, Bank Account to Bank Account
Send money in more than 60 currencies. Fee-free international money transfers with a global brand.
WorldRemit International Money Transfers
NZD 1
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
SendFX International Money Transfers
SendFX International Money Transfers
AUD 250
1 day
Online, Bank Account to Bank Account
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
OFX (Ozforex) International Money Transfers
AUD 250
1 - 2 days
Online, Phone, Agent
A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000.
TorFX International Money Transfers
NZD 250
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Exclusive: WorldFirst International Money Transfers
NZD 2,000
2 days
Online, Phone, Agent
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TransferWise International Money Transfers
NZD 1
1 - 2 days
Online
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
CurrencyFair International Money Transfers
NZD 5
1 - 2 days
Online
CurrencyTransfer International Money Transfers
CurrencyTransfer International Money Transfers
NZD 10,000
1 - 2 days
Online, Phone, Bank Account to Bank Account, International Money Order
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers


The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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