Here are my thoughts on MoneyGram and my experience using their service:
One of the benefits of the Internet and MoneyGram in particular is that you can send money overseas without having to leave the comfort of your own home. Just go online and visit the MoneyGram money transfer page. You’ll then be asked about the country to which you’ll send the money, and you also need to specify the amount you want to send. You’ll also be asked as to what kind of MoneyGram service you want to use.
With the Same Day Service, you will use your credit or debit card to furnish the money, and the funds will arrive at its MoneyGram destination in just 10 minutes. This is typical, although the length of time may be affected by agent availability, the hours of operation in the recipient country, as well as the local regulations. The Economy Service enables you to transfer money from your bank account, and the recipient usually receives the funds in 3 business days.
Once the processing is done, you get a reference number which you then need to send to the recipient (usually through a cellphone or email). He or she will need this number when claiming the funds from a MoneyGram location in their country.
Sending Money Through a MoneyGram Location
Aside from sending money online, you also have the option to go in person to a MoneyGram location, where the processing tends to be much faster. First you need to find a MoneyGram location near you, but that’s easy. Don’t forget to bring some official identification with you. MoneyGram locations may have different requirements, but the usually accepted IDs include a government-issued ID, a national ID, a driver’s license, or a passport.
If you have a MoneyGram Rewards card, you can also present it to the agent. You can also hand over a simple Send Form to the MoneyGram agent, along with the money you wish to send and the transfer fee. As a bonus, your money transfer can also include a short message limited to 10 words. The money can be sent to a MoneyGram location or to a bank account, and it may even be sent for Home Delivery.
You then get the reference number which you need to provide the recipient. Your recipient should have a valid ID with them. If your recipient doesn’t have any valid IDs, you can include a test question (e.g. when is your birthday?) with your money transfer. Afterwards, you get a confirmation email concerning your transaction.