MoneyGram international money transfers
Send fast money transfers to over 190 countries with MoneyGram.
- Good for sending money to someone without a bank account.
- Not so great for competitive exchange rates.
Check out our full list of pros and cons below.
Min. Transfer Amount
Max. Transfer Amount
|Product Name||MoneyGram International Money Transfers|
|Min. Transfer Amount||NZD 250|
|Max. Transfer Amount||NZD 10,000|
|Transfer Methods||Online, Agent, Bank Account to Bank Account, Cash Transfer|
Minimum transfer time
|Customer Service||Phone, Email|
|Available Currencies||AED, 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, UZS, VND, VUV, WST, XOF, XPF, YER, ZAR|
|Online Transfer Fee||USD 6.99|
|Exchange Rate Updates||Real 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.
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?
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.
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 take
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.
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
- 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.
- 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.