MoneyGram Transfer Limits, Fees And Delivery Time

MoneyGram is the second-largest money transfer provider globally, boasting a vast network of over 350,000 agents spanning 200 countries.

Here, we'll explore Moneygram's transfer limits, fees, and delivery time. You will also learn how Pesa is your trusted partner to navigate your cross-border money transfers.

What is MoneyGram's transfer limit?

For most countries such as the USA, UK and Canada, MoneyGram has an international money transfer limit of up to $10,000 every 30 calendar days. If you need to send more, MoneyGram partners with Walmart locations that allow you to send additional funds in person.

What is MoneyGram's Transfer Fees?

As seen, MoneyGram's fees depend on your chosen transfer method. If you're looking for the cheapest option, a direct transfer to a recipient's debit card is the way to go. However, the fees will be significantly higher if the recipient needs to pick up the cash in person. 

MoneyGram, like many money transfer services, structures its fees based on two key factors: transfer amount and payment method.

• Tiered Fees: MoneyGram's fees typically increase significantly between $500 and $1,000. In some cases, the fee can even double as you move to the next transfer tier.
• Cost Estimator: Before completing your transfer, you can get a more accurate estimate of fees using the "Rates & Fees" tab on the MoneyGram homepage. This tool considers both the amount you're sending and your chosen payment method.

What is MoneyGram's Transfer Speed?

Typically, MoneyGram offers several options for sending money, such as same-day, next-day, and standard service.

For same-day service, the transfer can be completed within minutes, making it a convenient option for urgent transfers. Next-day service usually takes around one business day for the funds to be available to the recipient. Standard service may take a few business days to complete the transfer.

Transfer times may also be affected by banking hours, holidays, and any additional security checks that may be required.

The Pesa Advantage

Pesa is an innovative multi-currency digital wallet that allows you to:

• Store and manage various currencies
• Send and receive money internationally with no transfer charges
• Send money within minutes. 
• Get competitive exchange rates with no hidden fees
• Pay bills directly from your Pesa wallet.

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Send money fast with Pesa - to your loved ones or easily pay for international purchases.

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