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MoneyGram Review — Fees, Rates and Pros & Cons
Global cash pickup network and digital app — recently acquired by Madison Dearborn.
Read user reviews on TrustpilotMoney transfer operator
Founded
1940
Headquarters
Dallas, TX, USA
Status
Private (acquired by Madison Dearborn Partners, 2023)
Fee structure
Flat fee + rate markup
Fees depend on amount, destination and payment method. Digital app transfers are typically much cheaper than walking into a physical agent location.
Pros and cons
Pros
- Cash pickup at 350,000+ locations in 200 countries
- Mobile app makes online transfers competitive
- First-transfer promotional fees and discounts
- Stablecoin payouts available in select corridors
Cons
- Exchange rate margin is wider than digital-first MTOs
- Cash-to-cash fees are notably higher
- Limits and KYC checks can delay first transfer
Licenses and regulation
MoneyGram is regulated as a money services business or licensed bank in the following jurisdictions:
| Country / Region | Regulator |
|---|---|
| USA | FinCEN MSB + state licenses |
| UK | FCA |
| EU | Central Bank of Ireland |
Top corridors
MoneyGram is most competitive on these currency pairs:
Compare against others
Profile based on publicly available company information. For pricing, KYC requirements and current promotions, always check MoneyGram's official site.