Transferring money with MoneyGram is surprisingly uncomplicated. You can decide how your recipient receives your money, whether it’s to a bank account or mobile wallet. And with more than 350,000 agent locations around the world, and over 750 locations across South Africa, there’s plenty to choose from. However, that convenience comes at a cost — unfavourable exchange rates and transfer fees.
USD 1
Min. Transfer Amount
No limit
Max. Transfer Amount
Within an hour
Transfer Speed
| Product Name | MoneyGram International Money Transfers |
|---|---|
| Min. Transfer Amount | USD 1 |
| Max. Transfer Amount | No limit |
| Transfer Methods | Online, Agent, Bank Account to Bank Account, Cash Transfer |
| Transfer Options | One off payments |
| Transfer Speed Minimum transfer time | Within an hour |
| Customer Service | Phone, Email, Branch |
| Available Currencies | AED, ALL, ANG, AOA, ARS, AUD, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BSD, BTN, BWP, BZD, CAD, CHF, CLP, COP, CUP, CVE, CZK, DJF, DKK, DOP, DZD, ERN, EUR, FJD, GBP, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, INR, IQD, ISK, JMD, JOD, JPY, KES, KMF, KWD, KYD, LAK, LKR, LRD, LSL, MAD, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MWK, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SLL, STD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, UZS, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW |
| Exchange Rate Updates | Real time |
| Online Transfer Fee | 3.00% |
|---|
Visit our step-by-step section of this guide to learn what information you need to send money online through MoneyGram.
MoneyGram makes its money from transfer fees and by padding the exchange rate for a profit.
MoneyGram’s transfer fees vary depending on where you are sending your money and how much you are sending. However, you’ll only be able to pay for the transfer with cash at a MoneyGram agent location, unless you have a bank account with First National Bank (FNB), and then you’ll have a few options available to you.
The best way to determine how much your transaction will cost is to ask the agent before proceeding with the transfer.
Choose your currency and desired transfer amount. Exchange rates change frequently, so check what the final quote is with the MoneyGram agent before agreeing to the transfer.
Depending on where you’re transferring your money to and how much you’re sending, your exchange rate could be 5% above the mid-market rate. If you’re sending a large amount of money, this could mean more rands goes straight into MoneyGram’s pockets.
MoneyGram gives you the opportunity to confirm your exact exchange rate before initiating your transfer.
Compare MoneyGram’s rates with those offered by banks and other transfer companies to see how its services stack up against the competition.
MoneyGram makes it possible to send money using the following methods:
There are also multiple options when it comes to receiving funds. Money can be:
Sending money with MoneyGram is easy. All you need to do is provide your recipient’s name, how much you wish to send and where the money will be sent to.
If you’re making a transfer, you can do so with cash in person at a MoneyGram agent location. Alternatively, if you have a bank account with FNB, you transfer money via select FNB branches, FNB ATMs or cellphone banking. You’ll be able to send around R120,000.00 per day or the equivalent of up to US$8,000.
Cash transfers
To conduct a cash transfer with MoneyGram, first find a MoneyGram agent and bring some identification, including a passport or driver’s licence, and then complete the money transfer form. You’ll then need to contact the recipient and give them the reference number.
FNB self-service transfers via ATM
Use your FNB card at the ATM as usual and enter your PIN. Pick “more options and then choose “send and receive money” and follow the instructions. Enter the amount you wish to send, followed by the account details of the recipient and enter your cellphone number. Verify all the details before proceeding with the transaction including the exchange rate, fees, and total amount that will be debited from your account. The transfer quote will be valid for two minutes.
If you are the person designated to receive the transaction, you can use the transaction authorisation number or reference number and use MoneyGram’s online Track a Transfer tool.
If you ever need help with a transaction, MoneyGram’s online FAQ section may have the answer you need. 24-hour phone support is also available if you’d like to speak to a customer service rep, while email support is also an option.
In person, you’ll need:
If your recipient will be picking up cash in person, let them know to bring along a required ID.
With FNB self-service, you’ll need:
MoneyGram’s huge global network and collection options make it an effective solution for international money transfers. The next time you need to send cash overseas, consider the benefits, fees and features of MoneyGram’s international money transfer options.
It’s also a good idea to compare MoneyGram’s services with those of other providers to ensure that you can save money on your next international funds transfer.
