TRANSFER MONEY BY MONEYGRAM
With the many different methods available to transfer money overseas, it can be difficult to know which are the best for your individual needs. Should you use, cash transfer, bank transfer, money order or something else? After you have worked out the exact details of your money transfer the option many people are turning to nowadays is the electronic transfer of money, doing so by the internet.
While the popularity of international money transfer via the internet has grown, so has a company now synonymous with money transfer itself, moneygram. Generally being overshadowed by its counterpart and competitor Western Union, Moneygram offers a trustworthy service with some hard to beat features in terms of convenience and efficiency in the money transfer game.
Basically all transfers with moneygram are performed online so if you are unable to access the web for some reason for this purpose, the moneygram method is not for you.
Moneygram offers the transfer of money overseas to 170 countries worldwide and enlists the help of over 170 000 transfer agents.
Highlights of the moneygram service are a cost calculator on the website that lets you instantly learn the fees and charges associated with the transfer of money overseas to whichever country you chose. This allows for easier budgetting and more time saving conversions and organisation.
Furthermore moneygram includes a feature to minimize the main risk of transferring money overseas, namely, losing the damn money! Inevitably money orders get lost or stolen in the mail, and even every now and then an electronic transfer can have a mishap. With the money order mishaps program western union minimizes the financial impact of such occurences on transferring parties. This is definitely a handy service to have especially when transfers are being made more frequently.
In terms of pricing, things with moneygram are fairly standard and generally cheaper than its competitor western union. You will find that being the second in the race, monegram has more of a need to compete on price to keep its market share from the bigger first place taker. We have noticed that it will generally cost you more for sending money to Mexico but a little bit less for sending to the united kingdom. As always pay careful attention to the fee structure of any money transferring program before taking responsibilities.
Turnaround times also are basically similar to that expected for average cash transfer systems as they can have money from your bank to the recipients bank within the same day depending on the receiving bank.
Personally if I were transferring money overseas I would opt for Moneygram rather than western union simply because I am more comfortable dealing with money transfers online and can see that this company specialises in just that. As for your decision, use the information provided here and elsewhere to make an informed decision based on your own money transfer overseas needs.
