MoneyGram is a money transfer company headquartered in the United States, and has locations scattered worldwide. MoneyGram’s stock is publicly traded under the ticker symbol MGI. The core business of Moneygram is divided into two sections: Global Funds Transfers and Financial Paper Products. The company serves their customers through an extensive network of agents and financial institution customers. Here at The Currency Shop, our currency specialists has MoneyGram explored just for you.
The Currency Shop says:
- Typically you’ll find the lowest rates and fees with a dedicated currency provider.
- If you’d like to compare foreign exchange rates, fees, and services of other providers we have a comparison table.
- OFX, HiFX, and Torfx are good places to compare exchange rates.
What we will cover
The most important takeaway is to understand how much it costs to send money internationally with MoneyGram. In this article, we’ll touch on the following:
- In comparison to other providers, how is MoneyGram’s rates?
- What fees does MoneyGram charge to send and receive cash?
- Is it easy to transfer money via MoneyGram?
- With MoneyGram, how long does an international transfer take to complete?
In comparison to other providers, how are MoneyGram’s rates?
It’s not easy to pin down exact rates with MoneyGram as they are based on amount, currency, and method of payment. For more information and to check out other options check out our comparison table.
What fees does MoneyGram charge to send and receive cash?
To get a clearer idea of what MoneyGram is going to cost you they’ve created a fee estimator tool. You can enter different amounts and get a ballpark idea of cost, but know that the fees are going to range quite a bit depending on how much you send.
Is it easy to transfer money with MoneyGram?
MoneyGram’s website is pretty user-friendly and they have over 334,000 locations worldwide. You can pick up your money through any designated MoneyGram agent.
How long does it take to send money internationally with MoneyGram?
If you opt for MoneyGram’s same day service, your money can arrive in as little as 10 minutes.
Can you send money internationally with MoneyGram using your credit card?
Yes, unlike many banks you can pay for a transfer with your credit. Although, don’t forget that doing so may leave you exposed to cash advance fees and high-interest rates.
MoneyGram is a fast and relatively convenient service. This is largely due to their widespread agents. Using MoneyGram can be useful due to their same to delivery service.