MoneyGram vs. Western Union – which is better? |

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Western Union vs. MoneyGram

Get the best rate for your next transfer overseas by comparing MoneyGram with Western Union.

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We found that MoneyGram leans slightly cheaper and offers on-average faster transfer speeds than Western Union — but your experience may vary depending on your specific transfer. Because there are so many variables you’ll want to compare Western Union and MoneyGram against one another to see which is best for you.

Compare Western Union versus MoneyGram

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1 Within an hour USD 8.00 20.836 MXN 104,011 MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide. Show details
$1 3 - 5 days USD 20.00 20.782 MXN 103,496 Western Union sends money online to friends and family in 200+ countries around the world. Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How they work

The process to transfer money over Western Union is nearly the same process with MoneyGram. So much so, we can describe them both in one shot: You go to their sites, enter the amount you’re transferring, its destination and see how much you’ll pay for the exchange.

Both services also give the option to call, visit an office or use a mobile app to transfer money. After the transaction is complete, it converts and delivers your money to a bank account or makes it available for cash pickup at any location worldwide.

Who offers lower fees?

Western Union

Figuring out how much you’ll pay to transfer money internationally is tricky. Although most fees start at $5, they can be as much as $45 when paying by credit or debit card for cash pickup in certain countries. But when sending money to high-traffic countries such as Mexico or India, agents offer free transfer options.


Fees vary depending on how much money you’re transferring, how you’re sending it and the country you’re sending it to. Unless you actually initiate a transfer, it’s challenging to find out up front how much you’ll pay.

As an example, to send $1,000 to China from a bank account, you’ll pay $8 in fees. But to pay for that same amount by credit or debit card, you’ll pay $48.

To send $1,000 for cash pickup in the Philippines, it’s $4.99 from a bank account — but $10 by credit or debit.

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Winner: Tie

While MoneyGram may be a bit more straightforward when it comes to fees, Western Union provides several more ways to pay.

Let’s crunch the numbers: Sending $1,000 to Mexico

Let’s say you want to send $1,000 to Mexico, but you’re not sure which of these major companies is the right choice. Here are the fees and exchange rates offered by MoneyGram and Western Union when sending money for cash pickup and paying by bank transfer.

Western UnionMoneyGram
Transfer fee$5$3.99
Exchange rate1 USD = 21.526 MXN1 USD = 21.430 MXN
Transfer speed0-4 business days0-5 business days
Total received21,418 MXN21,345 MXN

Based on rates when we checked, your recipient would receive about 75 pesos more if you sent your transfer through Western Union.

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Who offers better exchange rates?

To understand who offers better exchange rates, you’ll need to first look at the mid-market rate. This is the true exchange rate that averages the buying and selling rate of a global currency — and the rate banks and transfer services use when they trade among themselves.

Western Union

Depending on the country you’re sending money to, a typical exchange rate at Western Union could be up to 6% above the mid-market rate. If you’re sending a large amount overseas, this means hundreds of dollars that goes straight into Western Union’s coffers.

We’ll use the example of a transfer to euros (EUR):

  • If the mid-market rate is 1 USD = 0.94 EUR
  • Western Union’s exchange rate might be 1 USD = 0.86 EUR


MoneyGram also skews exchange rates for a profit. Depending on where you’re sending your money, the exchange rate could be 5% or more above the mid-market rate. Like Western Union, this means hundreds of dollars on a large transfer diverted to MoneyGram’s pockets.

So if you’re sending money to Europe:

  • If the mid-market rate is 1 USD = 0.94 EUR
  • MoneyGram’s exchange rate may be 1 USD = 0.91 EUR

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Winner: MoneyGram

Sending $1,000 to Europe with MoneyGram could result in about 50 more euros to your recipient over Western Union.

Who’s faster?

Western Union

Delivery speeds varies with transfer options. At an agent location or by phone, your transfer could be delivered in minutes — at higher costs. Your cheapest options could take five days or longer, depending on the country.


Like Western Union, delivery speed with MoneyGram also varies by transfer option, with cash transfers in person or by phone delivered in minutes, again with higher costs. MoneyGram’s cheaper options take two to four business days for receipt.

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Winner: MoneyGram

There’s no question that these services are similar. But MoneyGram’s cheaper options could deliver your cash to loved ones and businesses abroad up to three days faster, depending on the country.

Who offers more options?

Payment MethodsMinimum and maximum transfersDelivery methodsTransfer speedsCountries and currencies
Western UnionBank account, credit or debit card, cashMinimum and maximum varies by countryBank transfer, cash pickup, e-walletVaries from minutes to 5+ days200+ countries
MoneyGramBank account, credit or debit card, cashMinimum and maximum varies by countryBank transfer, cash pickup, other options by locationVaries from minutes to 4+ days190+ countries and 45+ currencies

Bottom line

While Western Union and MoneyGram can appear similar, you may get a stronger exchange rate with MoneyGram — which is especially important for larger transfers.

Then, if it’s more important that your friends or family be able to pick up your money in cash, Western Union’s 500,000 agent locations worldwide beats MoneyGram’s 350,000.

These two services aside, you could almost always do better with another money transfer specialist. Be sure to compare your options to find a provider that’s perfect for your situation.

Looking for more options?

Input the details of your transaction into the calculator below to compare fees and exchange rates across a range of money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 0.831 EUR 4,154 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.831 EUR 4,154 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.
Go to site Show details
USD 1 Same day USD 0.00 0.835 EUR 4,177 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.822 EUR 4,110 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.
Go to site Show details
$1 1 - 2 days USD 40.00 0.839 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 0.836 EUR 4,175 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. 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.

Frequently asked questions

Does Walmart use Western Union or MoneyGram?

Walmart-2-Walmart transfers are powered by Ria Money Transfer, but customers can send transfers from Walmart for pickup at a MoneyGram location.

Does CVS use MoneyGram or Western Union?

CVS partners with MoneyGram in many cities across the US, allowing customers to access MoneyGram services during their visit to CVS.

Does 7-Eleven use MoneyGram or Western Union?

7-Eleven doesn’t partner with MoneyGram or Western Union in the United States.

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8 Responses

    Default Gravatar
    MariaMarch 3, 2019

    How much does it cost to send 150.00 to cities in Texas, in minutes and pay by credit card ofrdebit, sender is also in Texas and receiver is also in Texas

      Avatarfinder Customer Care
      johnbasanesMarch 4, 2019Staff

      Hi Maria,

      Thank you for reaching out to Finder.

      Based on the information you provided. Please see the following fees for sending money interstate.

      Western Union
      Cash pick up:
      Debit card: $18.99
      Credit card: $22.47

      Bank account:
      Debit card: $8.00
      Credit card: $8.00

      Online Bank account: $9.00
      Credit/Debit card: $16.99

      These are the fees as of today. These may change in the future though. Hope this helps!


    Default Gravatar
    eniolaSeptember 27, 2018

    hey…please is money order same as money gram or western union? thanks

      Default Gravatar
      AshSeptember 27, 2018

      Hi Eniola,

      Thank you for contacting finder.

      No, Money Order is different from MoneyGram and Western Union as those 2 are providers for Money Transfers. On the other hand, Money Order is a form of payment for a specific amount which is more trusted than a check.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.


    Default Gravatar
    NickAugust 7, 2018

    Apologize if dumb question but,

    If I send USD internationally, can it be received in USD or will it be the local currencry?

      Default Gravatar
      joelmarceloAugust 7, 2018

      Hi Nick,

      Thanks for leaving a question on finder.

      Yes! MoneyGram, Ria, and Western Union all offer the same currency transfers around the world from the U.S. Your beneficiary can then collect the funds you send from a transfer branch location nearby, often within minutes.

      You may also consider the same currency transfers.


    Default Gravatar
    ShanteFebruary 27, 2017

    can i wire money through moneygram using my debit card from my phone

      Avatarfinder Customer Care
      AnndyJune 27, 2017Staff

      Hi Shante,

      Thanks for your question.

      With MoneyGram, you can send money online using any device. You can also pay using a debit card. Other payment options are bank transfer and credit card.


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