MoneyGram review

MoneyGram is a global money transfer company with a large agent network, offering both online and in-person transfer options to 200+ countries. Founded in 1940 and based in Dallas, USA, MoneyGram is a global money transfer network. MoneyGram is authorised and regulated by FinCEN, FCA, which means customer money is safeguarded separately from company funds. It currently holds a Trustpilot score of 4.0 out of 5 from roughly 47,079 reviews, which we rate good.

On the fee side, expect from $1.99 to $11.99+, but the bigger cost is usually the exchange-rate markup of 1% - 3% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $10,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at minutes to 3 days, and the service reaches 200+ countries across 50+ currencies. You can fund a transfer by Bank Transfer, Debit Card, Credit Card and Cash, with money delivered via Bank Deposit, Cash Pickup and Mobile Wallet. The mix of funding and payout options is a good guide to which corridors MoneyGram handles best.

On the plus side: large global agent network, cash pickup available worldwide and transfers can arrive in minutes. That makes it a sensible choice for sending to recipients who need cash in hand rather than a bank deposit. Worth keeping in mind: higher fees for smaller transfers and exchange rate markup can be steep. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.