How much does MoneyGram charge to send $100?

MoneyGram Transfer Fees for Sending $100

When considering international money transfers, understanding the associated fees is crucial. MoneyGram, a leading money transfer service, charges varying fees based on the amount and destination of the transfer.

Domestic Transfers:

For domestic transfers within the United States, MoneyGram charges a flat fee of $1.89 for sending $100. This includes transfers from online bank accounts.

International Transfers:

International transfer fees vary depending on the destination country and the transfer method chosen. For example, sending $100 to Mexico via MoneyGram’s online platform typically costs around $6-$10. However, fees can be higher for certain destinations or if the transfer is sent in cash.

Comparison with Western Union:

When sending $100 domestically through online bank accounts, MoneyGram’s fee of $1.89 is higher compared to Western Union, which charges no fees for such transfers. This makes Western Union the more cost-effective option for domestic money transfers of this amount.

Additional Factors to Consider:

In addition to the transfer fees, there may be additional charges incurred depending on the payment method used. For instance, MoneyGram offers the option to pay with a credit or debit card, which may incur a convenience fee of up to 2%.

It’s important to compare the fees charged by different money transfer services and choose the option that best meets your needs and budget. By understanding the associated costs, you can make informed decisions when sending money internationally.