MoneyGram Review: Exchange Rates, Fees & Transfer Speed

MoneyGram is best for when you need to make in-store transfers, or planning on making multiple recurring payments to hard-to-reach areas. See more

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MoneyGram Review: Forex & International Transfers - Fxpal.com

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Dec 28, 2024 · But, transfers over this amount can cost between $128.02 and $130.02. This pricing model offers some flexibility, but it’s also important to look at exchange rates. …

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MoneyGram Review 2025 | Read This Before Sending Money

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Jun 25, 2024 · Exchange Rates. The exchange rate margins MoneyGram charges depend on the currency pair. When sending from GBP to EUR, you'll be charged about 5.05% above mid …

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MoneyGram Review - Everything You Need To Know | ICompareFX

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MoneyGram exchange rate. MoneyGram applies a markup on existing mid-market exchange rates. This can be over 5% for some currencies. In addition, you can be offered poorer …

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MoneyGram Review - Must Read This Before Buying - Honest …

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Jan 24, 2023 · It seems that the service’s exchange rates can run as high as 5% when you send money internationally. That’s the best answer I can give you when it comes to average …

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MoneyGram International Money Transfer Review 2025

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Jan 8, 2025 · Given that, some transfers come with a transfer fee that’s as low as $0-$15. Others, such as paying with a credit card to an exotic location, can generate up to $100 in transfer …

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FAQs about MoneyGram Review: Exchange Rates, Fees & Transfer Speed Coupon?

How much does MoneyGram cost?

MoneyGram offers free USD transfers up to $5,000. However, on transfers over $5,000, the fees range between $128.02 and $130.02. In addition, MoneyGram offers a promotional exchange rate on your first transfer (which is better than the mid-market rate). After that, MoneyGram adds a markup of 1.33% on top of the “real” exchange rate. ...

Is MoneyGram a good money transfer company?

Despite having been in the industry for decades, MoneyGram exchange rates are still lower compared to other money transfer companies. MoneyGram charges both exchange rate margins and transfer fees when processing transactions. There is a cost calculator on the website that clearly shows how much you'll spend on your transfer. Transfer Fees ...

Does MoneyGram offer a good exchange rate?

High exchange rates margins – MoneyGram adds a markup of 1% to 5% on top of the mid-market exchange rate. While this isn’t uncommon in the industry, it does mean you might not get the best possible exchange rate for your transfer. 5. ...

Does MoneyGram charge a cash advance fee?

Your credit card may charge a cash advance fee, increasing your transfer’s total cost. Money transfers paid via bank transfer are typically cheaper but take longer. For your first transfer through MoneyGram, you may have to verify your account, which can take four or more business days. ...

What is MoneyGram and how does it work?

MoneyGram is the second largest money transfer company in the world. It provides its services to both individual consumers and businesses. MoneyGram's global footprint and huge network of locations, agents, and partners enable various ways to execute global money transfers. ...

How fast is MoneyGram?

Strap in for some speedy service, because when it comes to delivering your cash, MoneyGram is like a Formula 1 race car. One of the standout features of MoneyGram is its lightning-fast transfer times. Typically, when you send money through MoneyGram, it’s available for pick-up within just a few minutes. That’s right, minutes! ...