MoneyGram Review
Send money online or to 350,000+ cash pickup locations
MoneyGram is one of the world's oldest and largest money transfer companies with 350,000+ agent locations across 200 countries. Like Western Union, it is best known for cash pickup — making it a strong choice when recipients need physical cash quickly. Its online service has improved significantly and is now competitive for some corridors.
Key facts
- Typical fee: $4.99 – $12.99
- Exchange margin: ~3%–4.5% above mid-market
- Delivery time: Minutes (cash pickup) or 1–3 days (bank)
- Best for: Cash pickup in rural and developing countries
- Min transfer: $1
- Max transfer: $10,000 per transaction
Pros
- 350,000+ agent locations worldwide
- Cash pickup available within minutes
- Operates in 200+ countries
- Multiple payment methods accepted
- Long-standing brand with strong rural coverage
Cons
- Fees and exchange rate margins are high
- Much cheaper alternatives exist for bank transfers
- Online platform less intuitive than newer services
Popular corridors
FAQs
Is MoneyGram cheaper than Western Union?
Generally similar pricing. MoneyGram is sometimes slightly cheaper for specific corridors. Both are significantly more expensive than Wise or WorldRemit for bank transfers.
How do I find a MoneyGram pickup location?
Use the location finder on the MoneyGram website or app. In many countries, supermarkets, pharmacies, and post offices serve as MoneyGram agents.
Is MoneyGram safe?
Yes. MoneyGram is regulated by FinCEN in the US and equivalent authorities globally. It is publicly traded and one of the oldest licensed money transfer companies in the world.
When should I use MoneyGram over cheaper alternatives?
Use MoneyGram when your recipient needs cash pickup in a rural area, does not have a bank account, or is in a country where digital services have limited coverage.