MoneyGram is the second-largest money transfer service that can only be matched by its competitor Western Union. Apart from allowing you to exchange your dollars for different currencies, the platform offers the following services;
With MoneyGram's bill payment service, you can pay your relatives' bills or your own from thousands of companies. Since the service is available in almost all agent locations, you don't have to worry.
When MoneyGram was founded, the first service offered was Money Order. While the company still provides this service today, it only represents a small share of their business. This makes it only available to specific Moneygram agents across the US.
MoneyGram also allows you to top up prepaid mobile phones in over 100 countries worldwide. Available at many MoneyGram agent locations in the US, this feature ensures that you constantly stay in touch with your loved ones.
MoneyGram has a mobile app on Google Android and Apple iOS in Australia, Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden and the UK. With this app, you can send money, track past transactions using MoneyGram tracking, estimate fees or find Moneygram Kelowna locations and send money on the go.
Apart from the MoneyGram FAQs page, which addresses most of your queries, you can get in touch with support through live chat and a contact form. However, it's essential to contact them during MoneyGram near me hours.
MoneyGram exchange rates vary a lot from one location to another. In many cases, MoneyGram exchange rates and fees can range from as low as 0.6% to as high as 5%. It is, therefore, important to check the exchange rates and send money when they are high.
How To Avoid Paying High Fees
To avoid paying high fees, use electronic payment and delivery methods. If you pay with a credit card, you will likely incur maximum fees. While paying with cash can be expensive, it's the best option if you need to send money very quickly to cover urgent situations.
While MoneyGram appears to present its fees and exchange rates transparently, you might be left in the dark wondering the exact amount that you'll end up paying in exchange rate fees while transferring money.
Essentially, the exchange rates that MoneyGram will quote can only be estimated based on variable exchange rates rather than the actual exchange rate at which you'll be charged. Although you are likely to pay additional fees, MoneyGram makes this quite transparent.