MoneyGram fees explained – How much will it cost you? | Finder UK

How much are MoneyGram’s fees?

We break down the fees you can expect to pay when sending money abroad from the UK with MoneyGram.

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Well known for its cash pickup services, MoneyGram offers international money transfers as a convenient way to send money abroad from the UK. In this guide to MoneyGram fees, we’ll see how it compares with other providers.

MoneyGram international money transfer fees

MoneyGram‘s fees and exchange rates may vary between online and agent locations, but for online transfers we can offer some insights.

When we checked online on 11 March 2021, it was free to send money from the UK to an overseas bank account, if this was available as an option. For cash pickup it was £1.99 to send £100 or less and £3.99 to send anything over that amount.

Payment option£1,000£250£100
Debit / credit card to bank (if available*)£0£0£0
Debit / credit card to cash pickup£3.99£3.99£1.99

* Transfers to bank accounts aren’t available in countries including Argentina, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Nigeria and the US.

How can I avoid paying MoneyGram fees?

Test a few different payment methods and amounts for your transfer to see if you can save money. For instance, sending money straight to the recipient’s bank is usually free. As we’ve mentioned above, though, transfers to banks aren’t available in some countries, only cash pickup.

Also bear in mind that there’s a hidden fee, in the form of a margin that MoneyGram adds on top of the mid-market exchange rate. The size of this margin varies depending on the currency you want to transfer.

For example, if you want to send money to New Zealand from the UK, MoneyGram adds a margin of 3.1%:

  • Mid-market rate: 1 GBP = 1.93 NZD
  • MoneyGram rate: 1 GBP = 1.87 NZD

While to send money to Germany, MoneyGram adds a margin of 2.5%:

  • Mid-market rate: 1 GBP = 1.17 EUR
  • MoneyGram rate: 1 GBP = 1.14 EUR

Which is cheaper – MoneyGram or Western Union?

How much can I send with MoneyGram from the UK?

When sending online with MoneyGram, your transfer is limited to £7,600 per transaction. The monthly sending limit is also £7,600. If you need to send more than that, though, you can do so in-person from a MoneyGram agent location.

Compare MoneyGram with other international money transfer services

Table: sorted by promoted deals first
Our table below lets you compare the services you can use to send money abroad. Choose if you want to send under or over £10,000, and you’ll be shown a list of services that can help you.
Data updated regularly
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Wise (TransferWise) for large transfers
Within an hour
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
TorFX
24 hours
£0

View details
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
SpartanFX
24 hours
£0

View details
SpartanFX has fee-free transfers, a best exchange rate guarantee and personalised one-to-one support for every customer.
PagoFX for large transfers
Within an hour
Varies

View details
PagoFX offers fast and cheap international money transfers from the UK and is backed by Santander.
Currencies Direct
Within an hour
£0

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
CurrencyTransfer
24 hours
£0

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Central FX
24 hours
£0

View details
CentralFX's dedicated team will guide you or your business from first call to final payment.
Wise (TransferWise)
Within an hour
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
PagoFX
Within an hour
Varies

View details
PagoFX offers fast and cheap international money transfers from the UK and is backed by Santander.
XE Money Transfers
24 hours
£0
SPECIAL OFFER ✓ £25 Amazon voucher when you refer a friend

View details
XE has fast transfers with no fees and a range of foreign currency tools.
Azimo
Within minutes
From £0.99
SPECIAL OFFER ✓ First two transfers free for new customers.

View details
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
CurrencyFair
24 hours
€3
SPECIAL OFFER ✓ Zero fees on your first 10 transfers

View details
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly
Within minutes
From £1.49
SPECIAL OFFER ✓ Free transfers and better exchange rates for new customers

View details
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within an hour
From £1.99
SPECIAL OFFER ✓ Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

Find out more about how to make an international money transfer from the UK

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12 Responses

    Default Gravatar
    SashoSeptember 6, 2019

    How much it will cost me to send 900 pounds to Macedonia?

      Avatarfinder Customer Care
      nikkiangcoSeptember 7, 2019Staff

      Hi Sasho,

      Thanks for your inquiry. Please be advised that when you transfer or send money to a different currency, the current exchange rate applies. So, I could not provide you exactly how much the amount to be received in pounds using MoneyGram.

      When you send 900 pounds from the UK to Macedonia, the amount received in Macedonia as of today is 948.99 Euros. Note that cash pick up is the only method of receiving payment in Macedonia via MoneyGram therefore, the cost is 46 Euros. The total cost with transfer fee is 946 GBP.

      Hope this helps!

      Best,
      Nikki

    Default Gravatar
    SueJune 20, 2019

    My daughter needs to cash USD pay checks whilst working in US and send cash back to her UK bank account what is the best way to do this

      Avatarfinder Customer Care
      BellaJune 21, 2019Staff

      Hi Sue,

      Thanks for your inquiry.

      While we’re unable to give a specific option on sending the cash to your daughters UK bank account, you may check this page and look for the topic “Options for sending money to the UK from the US” to see different methods in sending cash in UK.

      I hope this helps.

      Kind regards,
      Bella

    Default Gravatar
    CarolApril 9, 2019

    How much will it cost me to send money from Kenya to the United states

      Avatarfinder Customer Care
      BellaApril 10, 2019Staff

      Hi Carol,

      Thanks for your inquiry.

      MoneyGram fees vary based on the send and receive countries and the amount sent.

      I hope this helps.

      Kind regards,
      Bella

    Default Gravatar
    AlvinDecember 15, 2018

    Will money be taken out of my bank account if a transfer fee is not paid?

      Avatarfinder Customer Care
      JoshuaDecember 17, 2018Staff

      Hi Alvin,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      The answer to your question is it depends. If you use your bank account to pay for the transfer fee, then it will be taken out of your bank account. The fee would be deducted from your nominated account.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    TebbiSeptember 26, 2018

    My friend needs to send me 1000 South African Rand to the UK, how much will we receive in Pounds?

      Avatarfinder Customer Care
      JhezSeptember 27, 2018Staff

      Hello Tebbi,

      Thank you for your comment.

      Please be advised that when you transfer or send money to a different currency, the current exchange rate applies. So, I could not provide you exactly how much the amount to be received in pounds with MoneyGram.

      You are advised to visit MoneyGram’s website and check their current exchange rate, as the rate actually changes daily.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

    Default Gravatar
    HeidiSeptember 26, 2018

    How much is the transfer fee for $630 U.S to send to the U.K. with MoneyGram?

      Avatarfinder Customer Care
      JhezSeptember 26, 2018Staff

      Hello Heidi,

      Thank you for your comment.

      According to their page, the transfer fee would cost you up to $9.50 to send up to $900. You may try to start the transfer and see the cost if it works for you before finalizing the transfer.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

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