Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Alternatives to MoneyGram

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


Fact checked

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.

OFX logo


OFX has no maximum limit, which makes it a good option when sending large amounts at once.

Why pick OFX instead?

  • No maximum transfer limit
  • Hedging options such as forward contracts and limit orders
  • Special product for business transfers


  • Must transfer to and pay with a bank account
  • High minimum transfer amount of $1,000
  • No cash pickup options

XE logo

XE Money Transfer

Unlike MoneyGram and its maximum limits, XE allows you to transfer as much as you want. XE also has competitive exchange rates, no fees and service to more than 170 countries worldwide.

Why pick XE instead?

  • Competitive exchange rates with no additional fees
  • Max transfer is per transaction


  • 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

WorldRemit logo


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.

Why pick WorldRemit instead?

  • Bank-to-bank transfers, cash pickups and mobile top-ups available
  • Pay by bank account, debit or credit card
  • Transparent fees and exchange rates


  • Small daily maximum transfer amount of $9,000
  • Requires a government-issued ID

Western Union logo

Western Union

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.

Why pick Western Union instead?

  • 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


  • Weak exchange rates averaging 5% more than the mid-market rate
  • Fees added to every transfer

TransferWise logo


TransferWise 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.

Why pick TransferWise instead?

  • Guaranteed better exchange rates than most competitors
  • Easy to sign up and transfer money within minutes
  • High maximum transfer limits and daily caps


  • 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

PayPal logo


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.

Why pick PayPal instead?

  • Clear transfer fees starting from $0.99
  • Combine business and personal transfer services with your PayPal account


  • 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

InstaReM Logo


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.

Why pick InstaReM instead?

  • Transparent fees
  • Same-day transfers for most supported currencies
  • Loyalty points system that can be redeemed against transactions


  • Transfers must be sent to a bank account
  • Must pay via bank transfer
  • Fewer supported currencies than many competitors

Ria logo


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.

Why pick Ria instead?

  • 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


  • Slightly smaller global reach than MoneyGram
  • Sending and receiving limits could be higher
  • In-person transfers may be more expensive than online transfers

Venstar logo


Venstar offers competitive rates, especially for customers transferring $5,000 or more at once. It is a US-based company and offers many hedging options designed to help you secure a better trading rate.

Why pick Venstar instead?

  • No fees on transfers of $5,000 and over
  • Support for all major currencies, most minor currencies and some exotic currencies
  • You’ll also have access to a personal market advisor


  • Customer support only available by telephone, no chat support
  • One-off transfers have a sending minimum of $5,000

CurrencyTransfer logo


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.

Why pick CurrencyTransfer instead?

  • 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


  • 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

TransferMate logo


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.

Why pick TransferMate instead?

  • 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


  • Flat $10 fee for transactions under $1,000
  • Must pay for transfer through wire transfer or ACH, cannot use debit or credit card

Still looking for other options?

If these MoneyGram alternatives aren’t exactly what you are looking for, check out the table below. You can use it by entering the amount you want to send and the destination, which will let you compare the rates and services of more options. Alternatively, learn more about MoneyGram in our review.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1,000 1 - 2 days USD 0.00 0.849 EUR 8,487 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
$1 Same day USD 0.00 0.849 EUR 8,486 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$0 1 - 2 days USD 1.99 0.835 EUR 8,349 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
$1 1 - 2 days USD 80.00 0.852 EUR
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
$50 1 - 2 days USD 0.00 0.847 EUR 8,469 InstaReM offers quick and simple international money transfers with the ability to earn loyalty points. 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.

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.
Go to site