Is it cheaper to send MoneyGram or Western Union? (2024)

Is it cheaper to send MoneyGram or Western Union?

Is Western Union or MoneyGram cheaper? MoneyGram has marginally cheaper additional fees when sending money to foreign bank accounts. However, both have very high exchange rate margin fees. These can sometimes be in excess of 5%.

Which is cheaper Western Union or MoneyGram?

Western Union and MoneyGram provide similar payouts. Western Union tends to provide cheaper fees while MoneyGram generally provides better exchange rates.

How much does MoneyGram charge to send $100?

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.

How much does Western Union charge to send $100?

If you're looking for a rough estimate of Western Union's wire transfer fees, you can generally expect to pay around $0.65 and $3.76 for every $100 that you send. Bear in mind, though, that these charges can be a lot higher still depending on the currency you're sending from and to.

Is there a cheaper way to send money than Western Union?

Remitly — Best for Cash Pick-Up

Like Western Union, Remitly offers various pay-in and pay-out options and supports currency transfers to over 85 countries worldwide, but unlike Western Union, it's often 2 to 5 times cheaper! See our side-by-side WU vs Remitly comparison to learn more about how the two differ.

What's the cheapest way to send money?

What is the disadvantage of MoneyGram?

Fee system: MoneyGram's fee system is a significant issue. While providing convenience, the accompanying fees are frequently on the higher end when compared to alternative solutions. Customers looking for more cost-effective international money transfer alternatives may be put off by this pricing factor.

How much is the MoneyGram fee for $200?

How Much Does MoneyGram Charge to Send $200? Fees vary. Within the United States, for example, MoneyGram charges $1.99 to transfer $200 from a sender's online bank account to a recipient's debit card.

How much does Western Union charge to send money?

Up to $30 per transfer for domestic transfers. Varies for international transfers. Up to $16.00 per transfer. Before initiating a transfer, use a bank or transfer service's online calculator (if available) to estimate your money transfer fees and international money transfer fees.

How much is MoneyGram transaction fee?

What is the sending limit for MoneyGram?

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*. *Limits will vary based on the payment method, receive country, and receive method selected.

How much does Walmart charge to send money?

The fees for Walmart-to-Walmart money transfers vary depending on the amount you're sending. Fees start at $4 for up to $50 transfer, $8 for transfers of $51-1,000, and range up to $16 for $1,000 to $2,500 transfers. How to track Walmart to Walmart money transfers?

Can I send $5000 through Western Union?

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.

What are the disadvantages of Western Union money transfer?

Sometimes, customers need to pay up to 20% in exchange rate difference and various fees. Western Union's exchange rates aren't always better than its competition. The country where you're sending money and how much money you're sending can make a difference in the exchange rates.

Why do people still use Western Union?

Western Union is reliable money transfer app, with a global network of agents that allows you to send money to over 200 countries and territories worldwide. Whether it's sending birthday money to Bangkok or tuition fees to Turin, Western Union is here to make your money transfers as simple and reliable as possible.

Which platform is best for sending money?

How can I send money to a friend without fees?

If you send money using your PayPal balance or bank account, or Amex send^TM account, there is no fee.

What is the cheapest way to send money from state to state?

What is needed to send money through Western Union?

Once you get to our agent location, you will be asked to provide some information like your receiver's first name, last name, the amount you wish to send, the country you are sending to and your government-issued ID; then just give the agent the total amount including the applicable fees.

What is better than MoneyGram?

Xe has fast transfers with low fees and a range of foreign currency tools. CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.

Why would someone use MoneyGram?

Who is MoneyGram? 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.

How long does a MoneyGram transfer take?

Cash can be picked up at any MoneyGram agent location. The money is typically ready for pickup in as little as 10 minutes after the transfer is sent.

How much does it cost to send money through MoneyGram at Walmart?

No matter where you are in the US and where you're sending money to, you'll pay the same low fees every time: $4 fee for transfers up to $50, $8 fee for transfers of $51 to $1,000 and $16 fee for transfers of $1,001 to $2,500. Delivery in minutes.

Is MoneyGram cheaper?

SAVE on bank transfer fees and get better exchange rates on international wire transfers with MoneyGram. With a savings on bank transfer costs versus traditional banks, you'll save on ACH fees and EFTs (Electronic Funds Transfers) when you send $5K in a single online bank-to-bank transfer.

How reliable is MoneyGram?

MoneyGram considered as a secure, well-trusted way to send and receive money. It is licensed in all 50 of the states in the United States, as well as the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and Guam. MoneyGram is a licensed Authorized Payment Institution in the United Kingdom.