MoneyGram was founded in 1940 and has its headquarters in Dallas, Texas. It was formed as a merger between two companies - Minneapolis-based Travelers Express Co. Inc and Denver-based Payment Systems Inc. MoneyGram has two main businesses:  Financial Paper Products and Global Money Transfer.

Throughout the years, MoneyGram has grown into what is now a network of agents and financial institutions throughout the world, through which it conducts various money transfer services. MoneyGram has over 320,000 locations in about 198 countries. It offers two types of remittance services: Same Day Service where the funds typically arrive in a day at an agent location and Economy Service where the money is deposited to the bank accounts.

MoneyGram promises low fees and great exchange rates to its users, making it an affordable and easy-to-understand process. Whether a customer chooses to transact online or through a MoneyGram agent location, the company’s physical presence spans across the US and online presence across the world. MoneyGram ensures secure transactions with state-of-the-art technology to protect the users’ financial information. With the customer’s best interest and security in mind, MoneyGram is the fast, secure and reliable solution to your remittance needs. 

What's Good About MoneyGram Money Transfer

Send Money Anywhere Minutes
345,000 agent locations in more than 200 countries


FEATURES (Currently showing rates for USD to INR change )

₹ Amount
$ Exchange Rate
Today's Rate
₹0 - ₹2999
Exchange Rate Type
₹ Amount
₹ Fee
Bank Account
Up to $2,999
Transfer Time
Bank Deposit - Up to 4 Hours
Cash Pickup - Up to 1 Hour

10 minutes to 1 hr for cash pick-up at MoneyGram Location.
Many bank account deposits are completed within a few hours.
Transfer Type
ACH Transfer
Wire Transfer
Daily Transfer Limit
$9,999 (Agent Location)

$2,999 (via Bank Account)
Receiving Method
Cash Pickup
Bank Deposit
Customer Service Info
1 (800) 666-3947
Company Headquarter
Dallas, TX
Company Type
Remittance Providers
Mobile App
Company Established
Text Update (SMS)
Email Updates
Referral Program
Document Requirements


MoneyGram started as a publicly traded company in 2004. It has been in the field of remittance for the last 25 years as its parent company, Payment Systems Inc, was already in money transfer business from 1988.

MoneyGram’s main attraction is its 10-minute money transfer available in a convenient and easy manner.  Furthermore, no credit/debit cards or bank accounts are essential to fulfill this transaction. The money can be transferred from a MoneyGram agent location through cash transaction. The 10-minute money transfer can also be carried out via debit/credit cards. Slower 3-day transaction process is also available at a lower fee where the money can be sent via your bank account. Out of the three modes of sending money the lowest fee charged is via bank and highest via an agent.  The maximum amount you can send online in one transaction is $1499.99, which is slightly low compared to other services. Otherwise the transaction limit is $10,000.

There is only one simple straightforward receiving option for the recipients in India via MoneyGram – they have to pick up the funds from an agent location. Even though there is only one option, MoneyGram makes the service easy and convenient for the receivers. The receiver is not charged any fee, and needs to carry an official ID and reference number provided by the sender. There are thousands of MoneyGram agent locations spread all over India.

In light of the recent events of money-laundering charges, MoneyGram has strengthened its anti-money laundering efforts. It has incorporated strong consumer fraud protection measures and has warnings and advice against phishing posted on its website.

Finally, sending money via MoneyGram does not require elaborate planning. Usually with lack of planning come high transfer fee and other uncertainties. But that is not the case if the money transfer is done through MoneyGram because of its convenient sending options and seemingly ubiquitous presence for receiving money in India. 


Posted on February 13, 2016, 12:36 am

I have used multiple money transfer sites and have had one or other issues. However moneygram is becoming my favorite. I have gone through others' comments here but I haven't faced any problem though. Sometimes big amount transfer is declined due to security purposes. It was resolved as soon as I called them up and I didn't wait long to speak with customer rep. too. So it's been good experience with moneygram so far.

Posted on August 25, 2015, 03:01 pm

Good nice service n good exchange rate

Posted on March 22, 2015, 11:24 pm

Awesome, seamless!

Posted on October 06, 2014, 12:24 pm

Great online experience. My transaction was available immediately after I clicked submit. I was given a free call to contact my recipient and provide him with the reference number

Posted on October 06, 2014, 12:21 pm

I sent a transaction last week and it was available in less than 5-minutes. Also, MoneyGram has a large network in India and Philippines.