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Money transfer with MoneyGram

Money transfer with MoneyGram is one of the most reliable and quick ways for a person to send or receive money to or from another person all over the world.

The main features of the MoneyGram money transfer service

  • No bank account is required, but just an identity card (ID or passport, etc.).
  • The money is available immediately, whether it is within Greece or wherever in the world.
  • MoneyGram service points can be found almost everywhere on the globe, not just in every country, but almost in every city, even in small towns as well as in villages.
  • MoneyGram service points are usually operating even in the afternoons on weekdays and also on weekends.
  • Both the sender and the recipient send and receive cash respectively.

What You Need For Sending Money

  1. You are visiting one of our stores with your ID or passport.
  2. Please state the name and the country of the person to whom you want to send the money, give the money you want to send and the corresponding fee and you will be given the Reference Number which you only disclose to the recipient.
  3. That’s it! The recipient is going- if he/she wants it immediately – to any
  4. MoneyGram location with his/her ID or passport and collecting the money without paying anything. Only the sender pays.

What it takes to receive money

  1. You are visiting one of our stores with your ID or passport.
  2. Please state the name and the country of the person who sent you the money, the amount of money you are expecting for and the Reference Number that the sender has given to you.
  3. 3. That was it! We’re giving you the cash while you’re not paying anything.
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MoneyGram and AJ travel are offering 20% off all send fees for all NHS staff

MoneyGram and AJ Travel are offering 20% off all send fees for all NHS staff.

Just quote ‘NHSHERO’ and show a valid NHS ID to apply.

 

Send money to over 200 countries worldwide, quickly and securely

  • Available at 8,000 branches nationwide
  • Over 350,000 locations worldwide to collect money
  • Money arrives in minutes*
  • Money transfer directly to a bank account in selected countries

Simple steps to using MoneyGram at a Post Office branch

To send money

1. Go into a Post Office branch that offers MoneyGram (find your nearest branch using the button on the right)

Please bring your ID**, like your passport, UK driving license, National Identity card or a Government issued identification.

2. Fill in the form

Fill in the ‘send’ form and hand it in at the counter– you’ll be able to include a brief message to the recipient too.

“EXCLUSIVE! Every Post Office customer will receive a MoneyGram Plus™ card, making repeat transactions quicker and easier.

3. Pay (Post Office® accepts cash and debit cards)

You can choose to include the fee in your total amount or pay it separately. As well as the transfer fee, a currency exchange rate may also apply.

IMPORTANT! If you are sending £800 or more, you MUST to upload an image of the ID** used during the transaction to id.moneygram.com – you will only need to do this once.

4. Contact the recipient

We’ll give you a reference number which you can pass on to the recipient of your money, which can be collected in minutes*

To receive money

1.Get your reference number

Ask the person who’s transferring the money to give you their reference number.

2.Pick it up

Visit a Post Office branch that offers MoneyGram (find your nearest branch using the branch locator above), taking a form of ID**with you (passport, UK driving license, National Identity card or a Government issued identification will do).

3.Collect

Fill in the ‘receive’ form and collect your money transfer.

IMPORTANT! If you are receiving £800 or more, you MUST to upload an image of the ID to id.moneygram.com – you will only need to do this once.

Disclaimer

*Subject to agent operating hours and compliance with regulatory requirements.

**Passport, UK driving license, National Identity card or a Government issued identification. Post Office Limited is an agent of MoneyGram International Limited in the provision of money transfer services. MoneyGram and the Globe are trademarks of MoneyGram. All other marks are the property of their respective owners. MoneyGram International Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. ©2017 MoneyGram.

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Money gram Company Information and Credibility

Company size:  

Moneygram is a money transfer giant and has a substantial role in the history of money transfer.

The US-based business was founded in 1940 to deliver money orders. As its brand name expanded in the 80’s and 90’s, the problem of remittances became a real concern for the global economy, and there were very few competitors in the field (the biggest competitor that comes to mind is Western Union). Back in those pre-internet days, you had to have a local presence to handle anyone’s money, and Moneygram has managed to pull off that task successfully. Today, Moneygram has one of the most extensive global reach in the industry (together with WU), boasting 347,000 agents across the globe.

The company has suffered some downturns during its long history. The 2008 sub-prime crisis had hit it with a full impact crash to take its stock to oblivion, and a $100m fine for fraud a few years later hasn’t helped.

During 2017, Ant Financial  made an offer to buy Moneygram for a sum of $1.2bn. Ant Financial is a Chinese company owned by the Alibaba group (formerly named AliPay), and being that, considering the US-Chinese tensions in 2017, the deal was blocked by the U.S government. Ant Financial ended up buying indirect competitor WorldFirst.

In 2018, Moneygram announced it will be integrating Ripple into its payment system, which may be the way forward for this company. Ripple is the most payment-oriented cryptocurrency.


Regulated By: 

Almost any financial regulator across the globe, including the American SEC and the British FCA.


Conclusion: 

Moneygram are one of the biggest, strongest, and most resilient companies in the money transfer space, for good or worse. It has a fascinating history filled with glorious achievements alongside crashes and falls.

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