the one you'd find on Google), with MoneyGram US pocketing this difference on every dollar it converts across. In essence, this means that the exchange rate you'll pay will be ever-so-slightly worse than the real exchange (i.e. Over and above the standard fees you'll pay when sending money abroad with MoneyGram US, a hidden margin will be applied to the exchange rate at which you're charged.
If you're using a bank transfer to send money for cash pickup, using the internet will likely be cheaper than sending money from a physical location. We therefore recommend that you call your nearest location in advance to confirm Be mindful, however, that fees for this service may vary depending on which location you choose. If, however, you're sending money to a bank account, consider sending money from a physical location rather than online. Transfer to a bank account, rather than to a cash pickup. Make a payment using a bank transfer, if the option is available. Take a look at the following tips to help keep the costs down when sending money with MoneyGram US: These will vary considerably depending on how much money you're planning on sending, the currency you're sending to, and the methods that will be used to both pay and receive the money. When sending money with MoneyGram US's online transfer service, you will be hit by two separate costs: 1) Base Fees Americans using MoneyGram US for online money services have access to a revamped website, available in both English and Spanish, to transfer money to dozens of foreign currencies. In addition, because cash pickup and money orders remain an integral part of the company's business, MoneyGram US has multiple locations in each of the 50 states.ĭespite a bulk of the company's transaction volume still being offline, MoneyGram US does, however, have a considerable presence in the online money transfer space. 
These days, MoneyGram is headquartered in Dallas, Texas, with offices in Denver, Colorado, as well as in Minneapolis, Minnesota. Originally specializing in money orders, MoneyGram US began a slow move into the world of online money transfer services in the early nineties, eventually becoming the company it is today after going public in 2004. With its roots going all the way back to 1940, MoneyGram US is a money transfer provider with a long history, maintaining a solid record of service over the decades. Monito's Independent Review of MoneyGram US
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