Is Wise (TransferWise) or MoneyGram cheaper?

Wise (TransferWise) is cheaper on most of the corridors tested (5–0), but results vary by route and amount. Use the FX Skipper live comparator for your specific transfer.

What is the FX margin of Wise (TransferWise) vs MoneyGram?

Wise (TransferWise) charges an FX margin of 0% above the mid-market rate. MoneyGram charges 2.5%. The lower the margin, the more your recipient receives.

Wise (TransferWise) vs MoneyGram — Which is cheaper in 2026?

Which is cheaper and faster for sending money abroad?

💡 Affiliate disclosure: Links to providers may be affiliate links. Rankings are always by net amount received, never by commission.

Wise (TransferWise)

FX margin 0% 2.5%

Flat fee $1.00 $5.00

Transfer fee 0.65% None

Speed Instant – 2 days Minutes – 3 days

Rating 4.8/5 4.1/5

Visit Wise (TransferWise) ↗

MoneyGram

2.5%

Send online or via 350,000+ agent locations worldwide with cash pickup and bank deposit.

Visit MoneyGram ↗

Head-to-head: recipient gets on 1000 USD equivalent

Corridor	Wise (TransferWise)	MoneyGram	Winner & saving
🇺🇸 USD → 🇮🇳 INR	₹94,722.58	₹93,071.89	Wise (TransferWise) +₹1,650.68
🇺🇸 USD → 🇵🇭 PHP	₱60,851.17	₱59,894.44	Wise (TransferWise) +₱956.73
🇬🇧 GBP → 🇮🇳 INR	₹126,643.73	₹123,935.44	Wise (TransferWise) +₹2,708.29
🇪🇺 EUR → 🇵🇱 PLN	zł4,291.10	zł4,196.37	Wise (TransferWise) +zł94.72
🇦🇪 AED → 🇵🇰 PKR	₨74,643	₨72,413	Wise (TransferWise) +₨2,229

Green = higher net amount. Based on sending 1000 USD equivalent as of 2026-07-28. Check live rates →

🏆 Verdict: Wise (TransferWise) wins 5–0 on these corridors

Wise (TransferWise) delivers more to the recipient on most corridors tested, primarily because its FX margin (0%) is lower than MoneyGram's (2.5%). However, results depend on corridor, amount and delivery method. Use the live comparator for your specific transfer.