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Review: MoneyGram - Your Money, Your Way!

Updated on Sep 18, 2019
MoneyGram

What is MoneyGram?

One of the most reliable, trusted and secure means of remitting funds, MoneyGram is a global provider of money transfers and payment services. Moneygram helps people send money, receive money and pay bills through a vast network of over 350,000 agent locations in more than 200 countries.

What are the different ways to send money through Moneygram?

Moneygram offers several options to send money across 200 countries around the globe. Below is a list of products and services offered by Moneygram:

Remittances Through MoneyGram
  • Online, Mobile & Kiosks - MoneyGram's website, app, and kiosks make money transfers easy. Their digital innovations make transactions convenient and reliable.
  • MoneyGram SendBot - This is a convenient platform that allows customers in the United States to send money anywhere in the world through Facebook Messenger. It is the first chatbot offering all the features of a money transfer.
  • MoneyGram MobilePass - Meant for users in the United States, it enables them to initiate the fund transfer on their phones and eliminates the need for forms.
  • Account Deposit - MoneyGram is connected to more than two billion bank accounts, virtual accounts and mobile wallets around the world.
  • MoneyGram Locations - Users can send and receive money at any of their 350,000 agent locations in more than 200 countries.
  • Bill Payment Services & Pre-paid Services - MoneyGram offers bill payment services in the US and Canada. Customers can pay their rent, car payments or phone bills using the same day or 2-3 day options. They can also load and reload prepaid debit cards in cash or at an agent location.
  • Money Orders - Instead of making payments using cash or personal checks, MoneyGram offers the option of money orders. Money orders are valid for one year. If you fail to cash them, a service charge of approximately USD 1.50 per month is deducted from the face value of the money order.

With so many options to send and receive money, Moneygram allows you to opt for a service and product that best suits your convenience through Moneygram MyWay.

Source: Moneygram.com

MoneyGram Rewards

MoneyGram has various rewards programs for its loyal customers. </p>

  • 20% off on the fee on your second money transfer is offered to customers who join the MoneyGram Plus Rewards. 
  • 40% off the fee after every 5th money transfer. 
  • Upgrading to Premier Status has even more benefits. 
  • Apart from these special promotions and offers for members only are announced frequently.

MoneyGram Customer Service

If you have a problem that needs resolution or suspect fraud, contact MoneyGram Customer Service immediately. Their contact number is 1-800-926-9400, email at customerservice@moneygram.com, and tweet at @MoneyGram.

Frequently Asked Questions on MoneyGram

  • How to send money through Moneygram?

MoneyGram money transfers are fast, reliable and convenient. Their services are available all around the world. Your relatives, friends or colleagues can receive the funds at agent locations the world over or have funds deposited in their bank or mobile accounts. Instant transfers take minutes to transact.

  • Can I send money through Moneygram using a credit card?

Yes. However, different modes of payment will have different fees. Credit cards tend to be more expensive than debit and online transfer.

  • How to fill out Moneygram form?

All the forms related to money transfer are available on their website here. The type of form required will depend on the service you are seeking. For example, the form below is to get a photocopy of the money order.

Moneygram Forms
  • How to receive money through Moneygram?

If money was sent to you through MoneyGram to your bank account or mobile wallet, it arrives automatically. If a cash pick up was sent, you need to find a MoneyGram location near you, keep your reference number and a valid ID with you, fill in a receive-form and the money is yours.

  • How can a recipient receive MoneyGram without an ID?

In such a situation, the sender would have to fill in a test question(TQ) and a test answer(TA) while filling the remittance form. The receiver would have to provide the correct answer to the TQ to be able to receive the money. Cash can be picked up at any MoneyGram agent location in as little as 10 minutes after the transfer is submitted. This is subject to operating hours, availability, local laws, national regulations, and compliance requirements.

  • Does Moneygram send money with charges?

Yes, all money transfer companies make money by either offering a lower exchange rate or by charging a flat fee. MoneyGram’s domestic transfer fee is USD 11.00 if paying from an online bank account. Moneygram charges up to $4.99 for transfers below $1000. You can avail offers of $0 fee transfers if you are sending transfers of amount over $1001. Make sure you check out CompareRemit’s coupons page for further discounts.

  • Is Moneygram safe to use?

MoneyGram security features are world-class. Their platforms are verified by Entrust and secured by security software that is used by global financial companies. It also has a fraud prevention blueprint which is shared with the customers on their website under the banner Moneygram Fraud Aware.

  • How many CVS locations have Moneygram?

Moneygram is in almost every CVS location across 50 states in the United States as shown below.

MoneyGram Locations
  • How many Walmart locations does Moneygram have?

Similar to CVS, you can also find the nearest Walmart offering Moneygram services by using their location finder. You can send money within the US using Walmart to Walmart money transfers or send money internationally to Mexico, India, the Philippines, and more countries from a Walmart store near you or send money online.

MoneyGram money transfer service has been around for over 70 years. And it the second-largest money transfer service after Western Union. It is one of the most secure and convenient ways to send money internationally. However, if you are looking for alternatives to Moneygram or simply looking to find the best deal, compare top money transfer companies including Moneygram on CompareRemit before sending your money online.

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