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Alternatives to MoneyGram

Check out our handpicked list of MoneyGram alternatives to best customize your transfer.

MoneyGram is one of the largest international money transfer services in the world with service to almost 200 countries and territories through more than 350,000 agent locations. But because of MoneyGram’s low maximum transfer cap and its varying fees, you may want to take your business elsewhere.

Use this list of alternatives to MoneyGram to see what other companies might bring you closer to your ideal transfer.

PROMOTED

XE

Go to site
on XE's secure site
Unlike MoneyGram and its maximum limits, XE allows you to transfer as much as you want. XE also has competitive exchange rates, low fees and service to more than 170 countries worldwide.
Pros
  • Competitive exchange rates with low fees
  • Max transfer is $500,000 per transaction
Cons
  • No cash pickup option
  • Doesn't accept cash or card payments
  • Exchange rates not displayed until you sign up for an account
  • Turnaround time can take up to three business days
Pay ByBank transfer
Receiving OptionsBank account
Available CurrenciesAED, ALL, AMD, ARS, AUD, AZN, BAM, BBD, BDT, BGN, BHD, BND, BOB, BSD, BTN, BWP, CAD, CHF, CLP, COP, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MGA, MKD, MUR, MWK, MXN, MYR, MZN, NAD, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SBD, SEK, SGD, SRD, THB, TJS, TND, TOP, TRY, TTD, TWD, TZS, UGX, VND, VUV, WST, XCD, XPF, ZAR
PROMOTED

WorldRemit

Go to site
on WorldRemit's secure site
WorldRemit's global coverage isn't as extensive as MoneyGram's, but its exchange rates are typically more competitive. Both companies offer low transfer maximums and fees that depend on where and how much you're sending.
Pros
  • Bank-to-bank transfers, cash pickups and mobile top-ups available
  • Pay by bank account, debit or credit card
  • Transparent fees and exchange rates
Cons
  • Small daily maximum transfer amount of $9,000
  • Requires a government-issued ID
Pay ByCredit card, Debit card, Bank transfer
Receiving OptionsCash pickup location, Bank account, Mobile wallet, Prepaid phone credit, Alipay (China only)
Available CurrenciesAED, ALL, AMD, AOA, ARS, AUD, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, BYN, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, LAK, LBP, LKR, MAD, MDL, MGA, MNT, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, SZL, THB, TJS, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, VEF, VND, VUV, WST, XAF, XOF, XPF, ZAR, ZMW, ZWD
PROMOTED

Wise (TransferWise)

Go to site
on Wise's secure site
Wise uses mid-market exchange rates and has a sliding fee schedule that depends on the amount you are sending. It offers significantly higher sending limits than MoneyGram.
Pros
  • Guaranteed better exchange rates than most competitors
  • Easy to sign up and transfer money within minutes
  • High maximum transfer limits and daily caps
Cons
  • Sliding fee schedule, the more you send, the higher the fee
  • Social Security number (SSN) required to send from the US
  • Bank-to-bank transfers only
Pay ByCredit card, Debit card, Bank transfer
Receiving OptionsBank account
Available CurrenciesAED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
PROMOTED

Ria

Go to site
on Ria Money Transfer's secure site
Although Ria's network isn't as extensive as MoneyGram's, this large competitor still offers service to over 160 countries. Additionally, Ria offers services like cash delivery for emergencies and flexible payment options, helping it to compete with MoneyGram.
Pros
  • Bank-to-bank transfers are typically faster than the industry average
  • Ria offers support for customers through chat, email, phone and an extensive FAQ section
  • Strong exchange rates that are typically within 1% of mid-market
Cons
  • Slightly smaller global reach than MoneyGram
  • Sending and receiving limits could be higher
  • In-person transfers may be more expensive than online transfers
Pay ByCash, Credit card, Debit card, Bank transfer
Receiving OptionsCash pickup location, Bank account, Home delivery
Available CurrenciesAED, ARS, AUD, BAM, BDT, BGN, BHD, BIF, BND, BOB, BRL, BSD, BTN, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DJF, DKK, DOP, EGP, ERN, ETB, EUR, FJD, GBP, GHS, GMD, GNF, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KHR, KMF, KRW, KWD, LKR, MAD, MDL, MMK, MNT, MRU, MUR, MWK, MXN, MYR, MZN, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SCR, SEK, SLL, THB, TOP, TRY, TZS, UGX, USD, UYU, VND, XAF, XCD, XOF, ZAR, ZMW
PROMOTED

CurrencyTransfer

Go to site
on CurrencyTransfer's secure site
Although CurrencyTransfer has a smaller network than MoneyGram, its best-price guarantee and lack of transfer fees make it a solid alternative for the markets both companies serve.
Pros
  • Typically offers stronger exchange rates than MoneyGram
  • No fees for money transfers, no matter the amount
  • Users can send to multiple recipients after locking in a guaranteed rate
Cons
  • Limited sending and receiving options
  • Almost always restricted to bank-to-bank transfers
  • Proof of ID may be required before transferring
  • Can only send and receive on business days
Pay ByBank transfer
Receiving OptionsBank account
Available CurrenciesAED, AUD, BGN, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MUR, MXN, NOK, NZD, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR
PROMOTED

Instarem

Go to site
on Instarem's secure site
InstaReM offers the mid-market exchange rate on some currencies at certain times, but isn't transparent about what these are. You can often find promo codes to get money off your first transfer.
Pros
  • Transparent fees
  • Same-day transfers for most supported currencies
  • Loyalty points system that can be redeemed against transactions
Cons
  • Transfers must be sent to a bank account
  • Must pay via bank transfer
  • Fewer supported currencies than many competitors
Pay ByDebit card, Bank transfer
Receiving OptionsCash pickup location, Bank account
Available CurrenciesAUD, CAD, EUR, GBP, HKD, INR, MYR, SGD, USD
PROMOTED

OFX

Go to site
on OFX's secure site
OFX has no maximum limit, which makes it a good option when sending large amounts at once.
Pros
  • No maximum transfer limit
  • Hedging options such as forward contracts and limit orders
  • Special product for business transfers
Cons
  • Must transfer to and pay with a bank account
  • High minimum transfer amount of $1,000
  • No cash pickup options
Pay ByBank transfer
Receiving OptionsBank account
Available CurrenciesAED, AUD, AZN, BGN, BHD, BND, CAD, CHF, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VND, VUV, WST, XOF, XPF, ZAR
PROMOTED

Western Union

Go to site
on Western Union's secure site
Western Union has agents worldwide, making it easy to get cash into the hands of your money transfer recipients. Like MoneyGram, Western Union has fees that depend on where you're sending money and how you pay.
Pros
  • Send money for cash pickup within minutes at more than 500,000 agent locations
  • Numerous transfer options by credit and debit card, cash pickup and bank accounts
Cons
  • Weak exchange rates averaging 5% more than the mid-market rate
  • Fees added to every transfer
Pay ByCash, Credit card, Debit card, Bank transfer
Receiving OptionsCash pickup location, Bank account, Mobile wallet
Available CurrenciesAED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW, STD, MRO
PROMOTED

PayPal

In addition to providing payment support for online purchases, PayPal also offers overseas transfers to more than 200 countries and territories. PayPal is similar to digital banking services in rates, though, making it better to use only in specific situations.
Pros
  • Clear transfer fees starting from $0.99
  • Combine business and personal transfer services with your PayPal account
Cons
  • Fees increase with amount transferred
  • Credit card fees incur additional fees
  • Recipient needs a PayPal account
  • Fixed exchange rate at 2.5% above mid-market is higher than most on this list
Pay ByCredit card, Debit card, Bank transfer
Receiving OptionsBank account, Mobile wallet
Available CurrenciesAUD, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, MYR, NOK, NZD, PHP, PLN, RUB, SEK, SGD, THB, TWD, USD

TransferMate

TransferMate also has a large range of currencies you can send to. Although it typically focuses on business transfers, it allows personal transfers for orders over $1,000.
Pros
  • No maximum sending limit
  • Same-day transfers available through the SWIFT network, sometimes as short as 10 minutes
  • Small margin added on to the mid-market rate for transfers
Cons
  • Flat $10 fee for transactions under $1,000
  • Must pay for transfer through wire transfer or ACH, cannot use debit or credit card
Pay ByBank transfer
Receiving OptionsBank account, Prepaid phone credit
Available CurrenciesAED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BMD, BND, BOB, BRL, BSD, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IRR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, SVC, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW, STD, MRO

Still looking for other options?

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.

Alternatively, learn more about MoneyGram in our review.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
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.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
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.
Instarem
Within an hour
$1

View details
Exclusive: Use code GET60 and save $30 on each transaction over $200. Valid for the first two transactions and till 31st July 2021. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Remitly
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.
MoneyGram
Within an hour
From $0

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