LATEST
Tips On Applying For A Small Business Loan What Is A Vantage Score And Why Is It Important? What Is A FICO Score And Why Is It Important? Tips On Creating An Emergency Fund Are Opening Store Credit Cards A Good Financial Decision? Tips To Help You Repair Your Bad Credit Is A Debt Consolidation Loan Right For You? Tips To Manage Student Loan Debt Tips On Finding The Best Deals On Cyber Monday Tips On Finding The Best Deals On Black Friday How To Save Money On Holiday Travel What Is Payoneer? What Is Apple Pay? What Is Escrow.com? What Is Neteller? What Is Skrill? What Is Amazon Payments? What Is Google Wallet? What Is Square? What Is An IRA And Should I Invest In Them? What Is A Mutual Fund And Should I Invest In Them? What Is A 401k And Should I Invest In Them? What Are Stock Options And Should I Invest In Them? Are You Properly Planning For Your Retirement? What’s The Difference Between PayPal vs. Amazon Payments? What’s The Difference Between PayPal vs. Western Union? What’s The Difference between PayPal vs. Google Wallet? What’s The Difference Between PayPal vs. Square? What’s The Difference Between A Wire Transfer vs. Western Union? What’s The Difference Between A Wire Transfer vs. PayPal? What’s The Difference Between A Wire Transfer vs. Bank Transfer? What Are The Best Places To Find Coupons Online? Can Owning A Hybrid/Electric Car Save You Money? Are Municipal Bonds The Right Investment For You? What Are The 5 Best US States To Start A Small Business? What Are The 5 Best US States Currently For Job Openings? Should You Consider Opening A Swiss Bank Account? How To Choose The Right Life Insurance Policy For You Are Homes In Foreclosure Good Investments? What Should You Look For When Choosing A Stock Brokerage Firm? What Should You Look For In A Retirement IRA? When Is Filing For Bankruptcy The Right Choice? Credit Cards With The Best Perks And Rewards Programs What Should You Look for When Choosing the Right Bank? Should You Consider Investing in the Forex Market? Do You Need a Financial Adviser? What Is A Reverse Mortgage, And Should You Consider It? Simple Tips To Manage Your Credit Card Debt Should You Buy Or Lease Your Next Car? Are Short-Term Payday Loans Right For You? 5 Ways You Can Improve Your Credit Score Are Penny Stocks A Good Investment? What Are The Benefits Of Investing In Precious Metals? What Is A Dogecoin And Are They A Good Investment? What Should You Look For In A Credit Card? Are You Ready To Buy A Home? Tips To Avoid Identity Theft The Phishing Scam The Rental Listing Scam Are Wire Transfers Safe? What is a Wire Transfer? Are Bitcoins Safe to Use? What are Bitcoins? Is Paypal Safe? What is Paypal? The Lottery Scam The Nigerian Scam (419) Is Sending Money with Western Union Safe? Incredibly Easy Ways of Sending Money with Western Union Everything You Need to Know about Western Union Western Union VS MoneyGram: Which Should You Use When Sending a Money Transfer? A Closer Look at MoneyGram Where Can I Send a MoneyGram? The Dangers of Sending Money Online: 7 Very Popular Internet Scams Is Sending A MoneyGram Safe? How Much Does It Cost To Send A MoneyGram?

Moneygram

How Much Does It Cost To Send A MoneyGram?

how much?
December 3rd, 2013

MoneyGram is one of the easiest, safest, and most efficient ways of sending money to another person living abroad. It has locations in about 195 countries all over the world from Afghanistan to Zimbabwe, so wherever you are and wherever the recipient is, in all likelihood you can transfer the money with no problems. Your recipient can even collect the money in just 10 minutes!
And here’s another thing that will surprise you about Moneygram—it’s absolutely affordable.
 
MoneyGram Transfer Costs
 
There are no set rates regarding the fees you have to pay when you use MoneyGram to transfer money abroad. The fees depend on several factors, including:
 
• The country where you’re sending the money from
• The country where you’re sending the money to
• Whether you are sending money via their website or a MoneyGram location
• Whether you are using the Same Day Service which makes the funds available in a matter of minutes, or if you are using the Economy Service through which the funds should be available in three days
• The amount you are sending
• The particular rates charged by specific MoneyGram locations
 
Using the Transfer Cost Estimator
 
While you may not be able to find out exactly how much transferring the funds will cost you unless you call a particular MoneyGram location and ask them about it, here’s a MoneyGram page that contains a convenient transfer cost estimator. Just click on the link and a popup window will appear.
 
This tool will ask you a series of questions in order to estimate just how much you’ll need to pay in transfer fees. The questions you’ll be asked include:
 
• Whether you’ll send the money by visiting a MoneyGram location or if you will be doing it online
• The country where the funds will originate
• The currency you want to use
• The country where the recipient will get the funds
• The service option you’ll use (Same Day Service or Economy Service)
• The amount of money you’ll be sending
 
Once you enter the required information, the page will tell you the amount the recipient will receive (in local currency and using the current exchange rate) and the transfer fee.
You can also use the estimator to calculate how much you can send when you want to include the fee. For example, if you want to send $500 from the US to your girlfriend in the UK, you’ll have to pay an estimated $35 so that’s a total of $535. But if you only want to spend $500 at the most, the estimator will tell you that you can send only about $465 to the recipient (after fees).
 
How to Get Lower Fees
 
The more money you send, the lower the rate you have to pay. While you have to pay $35 for sending $500, if you send $10,000 to the UK from the US, the total fee is only $397, or $19.85 per $500. So all in all, the more money you send through MoneyGram, the more you actually save in fees.


If You Liked Our Website, Please Help Us With A Like/Tweet/Share! Thank You! :)

This author has no description available.

Have Your Say

Comments are closed.

Follow Us On Social Media

facebooktwittergoogle_pluslinkedinyoutube


All Money Sending Tips Articles