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MoneyGram Review 2026 — Fees, Rates & Exchange Rate Margins

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

2.5%
FX margin
$5.00
Flat fee
Transfer fee
★★★★☆
Rating 4.1/5
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Pros

  • ✅ 350,000+ locations
  • ✅ Cash pickup
  • ✅ Bank & wallet deposit

Cons

  • ❌ FX margin 2–4%
  • ❌ Cash pickup pricier than bank deposit

MoneyGram performance on key corridors

Based on sending 1000 USD equivalent. Figures are indicative — check live rates before sending.

CorridorRateRecipient getsTotal costRanking
🇺🇸 USD → 🇮🇳 INR 93.5396 ₹93,071.89 2.99% #13 of 14
🇺🇸 USD → 🇵🇭 PHP 60.1954 ₱59,894.44 2.99% #13 of 14
🇬🇧 GBP → 🇮🇳 INR 124.4 ₹123,935.44 2.87% #12 of 14
🇦🇪 AED → 🇵🇰 PKR 73.7679 ₨72,413 4.29% #13 of 14
🇪🇺 EUR → 🇵🇱 PLN 4.2149 zł4,196.37 2.93% #13 of 14

MoneyGram fee breakdown

MoneyGram has a flat fee of ~$5.00 per transfer, no percentage transfer fee, and an FX margin of 2.5% above the mid-market rate. Send online or via 350,000+ agent locations worldwide with cash pickup and bank deposit.

Transfer speed: Minutes – 3 days. The FX margin of 2.5% is above average; offset by the extensive agent network and cash pickup availability.

Compare MoneyGram vs others

Frequently asked questions

Is MoneyGram safe and legitimate?

MoneyGram is an established international money transfer service licensed and regulated in multiple jurisdictions. As with any financial service, always verify the provider holds a valid licence in your country before using it.

How much does MoneyGram charge?

MoneyGram charges a flat fee of approximately $5.00 per transfer, no transfer percentage fee, and an FX margin of 2.5% above the mid-market rate. Total cost varies by corridor and amount.

How fast is MoneyGram?

MoneyGram typically delivers in Minutes – 3 days, depending on the corridor, delivery method and time of day.

How does MoneyGram compare to Wise?

Both are online money transfer services, but they differ in fee model and corridor coverage. Use the live comparator on FX Skipper to see a side-by-side net amount comparison for your specific route and amount.