Can More Than One Peraon Send Me Money Gram A Day

24 hours

Fastest Transfer Speed

Minimum Transfer Amount

$10,000

Maximum Transfer Amount

You'll most likely find MoneyGram locations at grocery stores, pocket-size corner shops and in many other places around your metropolis. It has served virtually 150 million people across the globe in the past 5 years and has an all-encompassing network of agent locations in more than 200 countries and territories. As a result, information technology provides customers with a range of transfer options and is often one of the fastest money transfer services. But this convenience comes at a price in the form of more fees and weaker exchange rates than some of its smaller competitors.

Why should I consider MoneyGram?

Wide reach. MoneyGram has approximately 350,000 agent locations in more than 200 countries and territories – with more than 30,000 of those locations in the US.
Diverse transfer options. Customers can send coin both online and in-person. Pay using credit and debit cards, bank wires and cash. Be sure to select the payment option that all-time balances your desired transfer speed with the associated fees.
Speed. With aforementioned-day delivery available at many locations (subject to the holiday hours and compliance with regulatory requirements), your recipient could have their money in as fiddling as 10 minutes during normal business hours when using the greenbacks pickup service.
Commitment options. Send money for pickup in different ways, including cash pickup, to a mobile wallet, directly to a Visa debit card in the United states of america, to a banking concern account and even to inmates.
Rewards. Sign up to MoneyGram Plus Rewards, which gives yous discounts on fees every few transfers y'all transport.

What to be aware of

Low maximum limits. When sending online with MoneyGram, your transfer is limited to $ten,000 per transaction. There is also a $x,000 per month limit. When you need to ship more you can practice so in-person from a MoneyGram agent location.
High fees. As with most money transfer services, MoneyGram'due south international and domestic transfers incur a fee. Fees are often higher when paying with a credit or debit card and lower when making a bank transfer.
Inconsistent exchange rates. MoneyGram'south exchange rates vary depending on how you are paying for your transaction and how it will exist received. Pay close attention to the commutation rate to make certain you're getting the all-time deal.
No hedging options. MoneyGram doesn't offer recurring transfers, scheduled transfers or whatever other hedging too to assist you salve money.

How much are MoneyGram's transfer fees?

MoneyGram bases fees on the amount you are sending. Fees typically increase effectually $500 and $ane,000, sometimes doubling when you bump up to the side by side fee tier. If you lot click on the "Rates & Fees" tab on the homepage, you tin can come across an estimate of transfer costs.

Cheapest option. Paying via banking concern transfer and having the money delivered to a bank account is often the cheapest style to send coin through MoneyGram.
Expensive option. Paying past credit card and having the money available for cash pickup is often the most expensive way to transfer money using MoneyGram.

How are MoneyGram's exchange rates?

MoneyGram makes coin by calculation a margin to the exchange rate in improver to any fees charged. These substitution rates may change depending on how you are paying and how the coin is being received, so pay attending to the full amount expected to be transferred when deciding on how to transport your coin through MoneyGram.

It is best to compare the displayed rate on MoneyGram with the current mid-marketplace charge per unit to work out the size of the margin charged. You can as well so use the interbank rate as a benchmark for comparison the rates of other money transfer providers.

What are the ways I tin transport money abroad with MoneyGram?

MoneyGram has a diverse range of transfer options. We'll become through each one and what the steps look similar.

How to send money transfer online with MoneyGram

How to send money with the MoneyGram app

MoneyGram's Money Transfer app enables you lot to move your money around the earth.

How to send money in-person at a MoneyGram location

Agent locations are in almost every country in the world. Take advantage of this network and send money in-person by completing the following steps:

How to send money with Sendbot on Facebook

MoneyGram'south Sendbot characteristic allows yous to ship coin using the Facebook messenger app.

Check if there are whatever MoneyGram promo codes available

How tin my recipient get the money?

MoneyGram has several options for how your intended recipient tin can go their money. Y'all tin can choose from any of the following:

Send to a banking company account. Although slower, this lets your receive get the money directly in their account.
Send equally a cash pickup. Yous tin can opt for the funds to be picked up in cash at a MoneyGram location. The money will exist ready at your chosen location in every bit few as 10 minutes subsequently you've sent it.
Send direct to someone's debit card. In order to exercise this, select Debit Card Deposit when choosing your receive method. This just works for Visa debit cards inside the United states.
Ship to a mobile wallet. A mobile wallet is a place to store funds digitally, with bodily wallet types varying by country and user preference. Read our starter guide on mobile wallets as a launching betoken for further research.
Doorstep delivery. In some locations, you can choose dwelling delivery as a receiving method. Your money will be delivered by a local MoneyGram agent.
Pay bills through MoneyGram. MoneyGram supports bill payment to utility companies, credit cards and more than. Use the online bill pay search to find out if the company you desire to pay is supported past the MoneyGram network.
Send money to an inmate. Funding commissary and calling accounts for inmates is possible through MoneyGram. You can read more in our guide on how to send money to someone in jail.

What payment methods does MoneyGram accept?

If you are sending coin online, you can through your bank account, or with a credit or debit card. When making an in-person transfer y'all can also pay with greenbacks.

How long does an international transfer with MoneyGram take?

Transfer speed volition depend on the amount of fees you are comfy paying and how quickly you need it to get in.

If yous cull to pay with a debit or credit card, y'all'll pay a higher fee just your transfer can be completed in as lilliputian as 10 minutes. Just keep in heed, your credit card may charge a cash accelerate fee which will increment the total price of your transfer.

Money transfers paid via bank transfer are typically cheaper, only take longer. For your commencement transfer through MoneyGram, you may have to verify your account, which can take iv or more business days. After verification, your actual transfer may have an additional five business days.

Transfers typically take Clock icon for transfer speed

1 day

Is MoneyGram safe to use?

MoneyGram prioritises protecting your cyberbanking information when you make a transfer. It has established a reputation for secure transfers with a number of safeguards.

Established and licensed. Founded in 1940, MoneyGram is a licensed money transmitter that'south successfully completed millions of transfers.
Tracking. You can easily track your transfer online by entering your last name and the reference number in your confirmation.
Secure connection. Using concrete, technical and administrative security measures, its website is verified by Entrust, Inc.
Accountability. MoneyGram (MGI) is listed on NASDAQ.

How does MoneyGram compare to other services?

If you want to meet how MoneyGram compares to the commutation rates and fees offered past other money transfer services, enter the details of your transaction into the table below.

Frequently asked questions

Review by

Zak Killermann

zak.killermann@finder.com

Zak Killermann is a publisher at Finder who's been specializing in cryptocurrencies and blockchain engineering for four years — roofing everything from ICO booms, crypto winters, memecoins and more. He'due south mined and minted cryptocurrencies, and remembers the days when DOGE was only for fun. Zak's focus is in breaking downwardly technical concepts into approachable nuggets of information. Earlier diving into all things crypto, Zak contributed to Finder's money transfers vertical.

Skilful review

Y'all'll find MoneyGram locations at grocery stores, small corner shops and probably in many other places around your city. Just the cost of convenience comes with a high price — more fees and weaker exchange rates than some smaller competitors. Often you may discover that MoneyGram is i of your few choices, especially when sending to more than remote locations worldwide.

A few places where I think MoneyGram excels are: being able to send direct to a Visa debit card in the United states, the exceptionally quick speeds that some greenbacks transfers can be received and the sheer convenience of having more than 350,000 agent locations worldwide. I'd recommend e'er comparing your MoneyGram transfer costs to that of other companies, though, as you may be surprised at how much coin y'all may save past taking your business organisation elsewhere.

Source: https://www.finder.com/moneygram-international-money-transfers

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