MoneyGram international money transfers

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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.

SGD 1

Min. Transfer Amount

SGD 6,000

Max. Transfer Amount

1 day

Transfer Speed

Details

Product NameMoneyGram International Money Transfers
Min. Transfer AmountSGD 1
Max. Transfer AmountSGD 6,000
Transfer MethodsAgent
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Email
Available CurrenciesAED, AUD, BMD, BND, CAD, CHF, CZK, DKK, DZD, EUR, FJD, GNF, HKD, HNL, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RSD, SAR, SBD, SCR, SDG, SEK, SGD, SZL, THB, TOP, TRY, TWD, USD, UZS, VEF, VND, VUV, WST, XOF, XPF, YER, ZAR
Online Transfer FeeSGD 4.99
Exchange Rate UpdatesReal time

MoneyGram exchange rates and fees

MoneyGram’s transfer fees vary depending on where you are sending your money, how much you are sending and your payment method. If you fund a transaction using your bank account, the fees you pay will typically be lower than if you pay with a credit or debit card.

The best way to determine how much your transaction will cost is to use the Estimate Fees feature, although this feature is only available on MoneyGram’s US website.

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
  • NZD New Zealand dollar
  • CNY Chinese yuan
  • JPY Japanese yen
  • HKD Hong Kong dollar
  • IDR Indian rupee

What types of transfers can you make with MoneyGram?

  • Bank transfer. You can send money to a recipient’s bank account. This is often one of the cheapest options.
  • Cash pick-up. You can send money for a recipient to pick-up at a MoneyGram agent location. This can be one of the fastest ways, but will be subject to the agent’s business hours.
  • Home delivery. In some locations, MoneyGram delivers your money right to your recipient’s door.
  • Mobile wallet. MoneyGram can deliver funds to mobile wallets like M-Pesa in select countries.

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.

What payment methods does MoneyGram accept?

MoneyGram accepts the following payment methods:

  • Cash. In Singapore, you can only pay with cash by going to a MoneyGram agent location.

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. You can read more about common money transfer scams in our guide.

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 send money with MoneyGram

You don’t need to register an account with MoneyGram to send money in person at an agency.

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 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.
  • Able to pay with cash or card. You can pay by cash or card in person at a branch and you won’t need to sign up for an account or wait for verification like you would with other online services.
  • 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.

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 2,000 1 - 2 days SGD 0.00 0.713 USD
7,126
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it. Go to site Show details
SGD 250 1 day SGD 0.00 0.713 USD
7,126
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
SGD 1 Same day SGD 3.99 0.712 USD
7,120
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
SGD 250 1 day SGD 0.00 0.713 USD
7,126
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
SGD 1 1 - 2 days SGD 45.00 0.715 USD
7,123
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
SGD 5 1 - 2 days SGD 3.00 0.712 USD
7,114
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
SGD 1 1 day SGD 75.00 0.715 USD
7,101
SingX offers the real exchange rate every time you make a transfer and is based locally in Singapore. Go to site Show details
SGD 200 2 days SGD 50.00 0.71 USD
7,062
Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
GBP 5,000 1 - 2 days SGD 0.00 0.713 USD
7,126
Aimed at larger transfers, CurrencyTransfer is an online marketplace that lets you shop around for the best exchange rate. 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.

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