International Money Transfer | Western Union & MoneyGram (2024)

FAQs

What is the difference between MoneyGram and Western Union money transfer? ›

MoneyGram and Western Union cash collection payments and transfers to a mobile money account arrive in minutes. With MoneyGram bank transfers can take anything from a few hours to a day or so - Western Union bank payments can take around 24 hours on major routes, and up to 5 days to other destination countries.

The fee for a transfer with MoneyGram varies depending on the amount you want to transfer. MoneyGram charges a flat $5 fee to send amounts between $1 to $49 and a flat rate of $11.50 on amounts between $50 and $499. The fee on amounts of $500 and above is 2%. There is also a maximum amount of $10,000 per transfer.

With millions of downloads, the MoneyGram mobile app is an easier way to: Send online currency transfers internationally on-the-go. Check currency exchange rates and estimate fees. Pay bills from anywhere.

Sending money overseas with a money transfer service

International money transfers aren't just available at banks. Another of the best ways to send money internationally is with a money transfer service like Western Union.

MoneyGram has higher fees for transfers and a greater markup on the mid-market exchange rate. This means you may pay more to send the same amount of money with them than you might with another similar service. Sending money with MoneyGram is quick and easy: Visit www.moneygram.com and open a free account.

To send more than 3,000 USD from the United States, you will need to verify your identity¹. Once verified, you can send up to 50,000 USD. You can verify your identity online or at an agent location. Please note: The sending limit may vary depending on the destination country and the service you choose.

You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, Wise (formerly TransferWise) or Paysend.

How much money can I send online? For most countries, you can send up to $10,000.00 per online transfer, and up to $10,000.00 every 30 calendar days.

Assuming you're sending bank-to-bank, Western Union generally charges between $6.47 and $37.60 to send $1,000. However, the costs could still be higher if you choose a different sending or receiving method. How much does Western Union charge to send $5,000?

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

Which is the best international transfer? ›

You can avoid these fees by using a debit card. * Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors.

MoneyGram provides money transfer and other financial services around the globe with both digital platforms and retail locations. Consumers can send money internationally to friends and family, pay bills and more with affordable fees and great exchange rates.

International money transfer services like Western Union can help you easily send money abroad, and the fees may be less compared to traditional banks. Plus, Western Union can be a more convenient option because there are additional methods to send and receive money such as cash pick-up.