MoneyGram Services, MoneyGram Locations, and MoneyGram for Travelers
Which is the Best Money Transfer Service?
Our Long-Time Favorite: MoneyGram
We like MoneyGram for a number of reasons, including price (cheaper than Western Union), the breadth of their global money transfer network, ease of use (does not require complicated verification like Paypal), and their involvement in local communities.
What Services Does MoneyGram Offer?
MoneyGram International provides money transfer services, money orders, and bill payment services to consumers. Another segment of MoneyGram International provides financial institutions with payment processing services, primarily of official check outsourcing services and money orders for sale to their customers.
The major corporate competitor of MoneyGram is Western Union, which is considerably larger than MoneyGram.
MoneyGram Money Transfer Network Locations
Through the MoneyGram international money transfer network of approximately 100,000 agent locations worldwide, customers can wire cash quickly (usually within 10 minutes), reliably, conveniently and at attractive prices to recipients in 170 countries. Customers in U.S. can also use the Internet to send money using MoneyGram eMoney Transfers.
MoneyGram Versus Western Union
MoneyGram usually costs less than Western Union and offers consumers additional value by giving them a complimentary 3-minute phone call to tell the receiver the money is available. Moneygram also includes a ten-word message to accompany the funds, the offer of a free MoneySaver Card discount and 100% guaranteed service (Note: service offerings may vary by geographic region).
Who Uses MoneyGram Money Transfers?
MoneyGram money transfers are used by people without traditional banking relationships, people who send money to their home country, traditional bank customers in need of emergency money transfer services, tourists without local bank accounts, and businesses in the United States that need rapid and economical wire transfer services.
MoneyGram is one of the fastest ways available to send funds. MoneyGram funds are sent electronically, and can be collected by the recipient from any MoneyGram agency. This makes MoneyGram an ideal option for those without access to a bank account, or for countries where it takes time and money to carry out your banking.
MoneyGram Payment Systems also offers ExpressPayment, an economical bill payment service, that allows consumers to pay their auto, mortgage, credit card and other bills fast. Consumers who use MoneyGram’s ExpressPayment get guaranteed delivery of their payment. ExpressPayment is currently available at MoneyGram agents within the United States and via the Internet.
MoneyGram’s Charitable Activities
MoneyGram gives back and invests in the communities where they do business by sponsoring and participating at local community events. MoneyGram has also donated its services for humanitarian causes. For example, for 30 days after Hurricane Katrina, MoneyGram International waived its fees for sending contributions to the Red Cross disaster relief fund.
Advice for Travelers: Use MoneyGram
If you are travelling and find yourself out of money, a wire transfer service provided by American Express can help you tap friends and family for emergency funds. Through MoneyGram (tel. 800/926-9400; moneygram.com), money can be sent around the world in less than ten minutes.
Senders should call Amex to learn the address of the closest outlet that handles MoneyGrams. Cash and credit/charge cards are acceptable forms of payment.
MoneyGram’s fee for the cash transfer service is $19 for the first $50, with a sliding scale for larger sums. The MoneyGram service includes a short telex message and a 3-minute phone call from sender to recipient. You must present a photo ID at the MoneyGram outlet where the money is received when you pick it up.