What is MoneyGram

Founded in 1940 in Dallas, MoneyGram is the second largest money transfer provider after Western Union. You can either book a money transfer online from the app on your smartphone, or visit the next MoneyGram agent. The costs are the same for all options.

MoneyGram is used in particular by migrants who send remittances to their families abroad. In some countries, bank transfers or the charging of a mobile wallet are also available.

MoneyGram Coupon

The MoneyGram Foundation supports for example global education initiatives.

During the Haiti earthquake MoneyGram reduced transaction costs to $1.

Alibaba wanted to take over MoneyGram in 2017, but the US blocked this transaction.

MoneyGram has already been criticized by the World Bank because of excessive fees.

How does MoneyGram work

  • MoneyGram is the second largest money transfer provider
  • Remit cash to over 347.000 MoneyGram agents
  • More than 200 countries are covered
  • Pay for your transfer by Visa or MasterCard
  • MoneyGram is not a leader in online transfers

MoneyGram is regulated by the Financial Conduct Authority (FCA): 25 The North Colonnade, London, E14 5HS.


Licensed by FCA
Reference number: 502639

MoneyGram alternatives


MoneyGram Review

Although MoneyGram is the second largest money transfer provider, you should generally prefer other providers to send money abroad. They are not only cheaper, but the customers are also more satisfied, according to rating portals such as Trustpilot.

MoneyGram's online presence also can not compete with the new competition of Azimo and WorldRemit.

However, many customers choose MoneyGram because they want to book and pay cash at a local office. Thanks to the high availability of MoneyGram locations worldwide, you will surely find a branch near you.
ease of use

0 day

99% of users did not need to contact the customer service

99% of customers wiLl use MoneyGram again

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