MoneyGram money transfer system: reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

There are various systems for transferring funds. MoneyGram is an international company that transfers money to other countries. And for this you do not need a bank account. Senders and recipients only need to present their passports, provide payment details and exchange a control number. Reviews about MoneyGram testify to the convenience of the service. You can learn more about it from the article.

General information

Money Gram money transfer system allows you to instantly transfer funds. This American company has many years of experience, so among users it is famous for being reliable. It was founded in 1940. The shares are traded on the New York Stock Exchange. Since 2012, a charitable foundation has been operating, the money from which is spent on the education of children from poor families.

Partners include large organizations that are agents. When contacting their offices, customers can send and receive a transfer. Mostbranches are located in the USA, but there are also many of them in China, Italy, Spain. The main representatives include: Bank of China, Advance America, Bank of Ireland, retailer Albertsons, Royal Mail of England. There are offices in the CIS - over 13 thousand service points.

Benefits

These money transfers have the following advantages:

1. Small commission, which is not valid in every system. Therefore, services are available to most people.
2. The system has many representative offices working on different schedules. People can choose any convenient time. Some branches are open seven days a week and around the clock.
3. Funds can be sent in USD and EUR.
4. With constant use of the system, the transfer comes even faster. But there are situations when it is delayed due to different time zones.
5. During the day there are limits on sending and receiving, while in each country they are different. The system considers whether the client is a resident or not. Limits may increase.
6. All payments are secure.
7. It is possible to cancel the transfer, after which the funds are taken by the client.

Delayed transfers can be considered a minus, while the reasons for this phenomenon are usually not disclosed. When making them, it is necessary to check the correctness of the data. If there are any difficulties, you can visit the site or call the support service. According to the reviews, the company's employees always help customers sort out various difficulties.

Service points

In Russia Money Gram money transfers work in banks and communication stores. According to customer reviews, it is convenient to make payments in:

• Sberbank.
• Bank "Uralsib".
• Raiffeisenbank.
• Russian Standard Bank.
• SvyazBanke.

Due to its wide distribution, transfers can be received almost anywhere in the world. Today the company operates in 200 countries, includes 327 offices. According to reviews, many customers like MoneyGram for its reliability, speed of service and favorable conditions. At the same time, the number of offices is constantly increasing.

Addresses

If a MoneyGram transfer arrived, where can I get it? In many Russian cities there are points for processing and receiving funds. MoneyGram addresses in Moscow are as follows:

1. Trade Union Street, 26, Euroset.
2. Izmailovsky prospect, 54, MTS.
3. Okhotny Ryad, 1, Sberbank.
4. Teatralny proezd, 2, Rosbank.
5. Mokhovaya street, 11, Promtransbank.
6. Voznesensky lane, 11, "Asian-Pacific Bank".
7. Tverskaya street, 18, Svyaznoy.

This service is also provided by other banks. MoneyGram is served on the same terms everywhere. You already know the addresses in Moscow. For example, there are many branches of Sberbank. MoneyGram is everywhere.

Who is the service convenient for?

The logo of the transfer system is recognizable. This service is suitable forthe following categories of individuals:

1. Migrants who need to send money to their families.
2. Tourists who have a difficult situation.
3. Students who are regularly sent funds.

According to reviews, MoneyGram will be convenient for everyone who urgently needs to send money to relatives or close people. Turning to any department, you can do it very quickly.

Before sending, you need to find out if there are exact points for receiving funds in the recipient country. In addition, some restrictions may apply. For example, transfers from Russia to Ukraine are not carried out, since a special law was created. Customer feedback indicates that it is still possible to send funds to many countries.

Features

MoneyGram transfers have a number of features. The main ones include:

1. Speed of enumeration. Money is issued to the recipient 10 minutes after registration, no matter which country they are sent to. The destination also has no destination.
2. No address binding. Funds can be collected at any office in the country they are sent to.
3. Transfer is available for 90 days.
4. The distance between states doesn't matter. You can send money to any country of service. This service does not work on the territory of Russia, since the company is not registered as a payment system.
5. Bank details are not used for the procedure. The conclusion of the contract does not follow.
6. Financial transactions are protected by law. Confidential data is not shared with third parties.
7. Together with the translation, you can open a text message, which should not be more than 10 words.

Rules

MoneyGram transfers are provided on general terms. They are taken into account by agents during registration and issuance of funds:

1. There are no limits on the amount in Russia. A resident is supposed to send no more than 5 thousand dollars per day. A non-resident is given the opportunity to send up to 10 thousand dollars.
2. Transfers from Russia can only be made in dollars. And you can get in dollars and euros. Every bank has cash desks.
3. These services are paid. The amount of the commission is determined by the recipient country. The sender pays for it. No additional fees.
4. Registration takes place according to the passport of the Russian Federation, international passport or form 2-P at the time of replacing the document. A non-resident must have a foreign passport, visa or other paper that confirms the legality of stay in the country.

But the MoneyGram system also has disadvantages. According to customer reviews, they are as follows:

1. Only individuals can receive and send transfers. You cannot send funds for business activities.
2. Sender must indicate the currency of receipt.
3. Shipping to countries that do not use EUR or USD will result in loss of funds due to conversion.

Sending and receiving

According to reviews, MoneyGram is available in many communication stores. To transfer or receive, you need to visit any service point. These include banks, salonsconnections. Sberbank transfers MoneyGram transfers through almost every branch. And since there are a lot of offices of this bank, there should not be any difficulties with sending and receiving.

During registration, the sender (recipient) must fill out a special form. The following information is indicated there:

• country of departure and receipt;
• amount;
• last name and first name of both parties;
• data from the passport;
• target;
• security question and answer.

Filling out the application takes place according to the client's document and on the basis of his words. It is necessary to check the correctness of the information and put a signature. The recipient is required to provide a control number, which can include 8 or 11 digits if the funds are transferred from the mail. It is provided to the sender upon confirmation of payment.

It often happens that the recipient does not know the exact last name and first name of the sender, or errors were found. A correct payout can be processed in the transfer system if accurate information is loaded from the database or the percentage of mismatch is indicated. In this case, the issuance of funds does not occur:

• if there are more than 3 errors in the first and last name;
• incorrect designation of the country of issue;
• errors over 10%.

The procedure can be completed online using the site. To do this, you need a debit card, on which the transfer amount with interest will be placed in advance. The recipient must also have a card. Then he does not need to go to the issuing point. Money is credited to the card. Holders of WebMoney e-wallets can replenish it through Money Gram.

Fee

MoneyGram fee may vary, it all depends:

• from the point of registration, bank, organization;
• receipt countries;
• amounts.

The larger the transfer, the larger the fee. Usually it is 3-5%. In the CIS, the fee is no more than $20 for transfers up to $1000. To countries in Europe and Asia, the commission can be $70.

You can use the calculator that is on the site. Thanks to him, it will be possible to find out the tariff in a particular case. Conversion should be taken into account if dollars are not issued at the point of receipt. This procedure is carried out at the rate of the company.

Tracking

Checking the status of the transfer is carried out on the company's website. If it was sent online, you need to visit the account and go to the history. The status will be shown in the payment record. Using the transfer or authorization number, you can track in the Track a Transfer option.

The number is on the payment receipt or other document that indicates the deposit of funds at the cash desk. If the transfer was made by mail, then there will be a number of 11 numbers. It is located on the left side of the issued paper. Usually the numbers are red. You must specify your full name and click on "Track the transfer".

To search for a transfer, you must use the Claim Card request form. She is present on the official website:

1. You need to download the form, fill it out, print it. The number on the receipt should be indicated. Alsoindicate the order number and the amount in dollars.
2. Please attach a copy of your receipt.
3. Documentation and search costs $15.
4. After making the payment, you will receive a receipt for the completed operation. If there is no cashout, funds are returned in the form of a check.

If you lose your number on the site, you must fill out the Number Search form. The company retains information for 10 years. If after the search the necessary data is not obtained, then it is necessary to report this to the customer service. But you can visit the agent's office where the clearance took place.

Representative will contact support on their own. This service is provided by banks and other financial institutions. If the search requires confirmation, the operator will request electronic documents. The site has a link to share protected information. Customer reviews confirm that transfers are sent quickly.

Return

At any time it is possible to issue a return. To do this, contact the office where the procedure was performed. If the return is made on the date of issue, you only need to present your passport and transfer number.

When you apply the next day for cancellation, a new transfer number is created. It is provided on the support line. The call may be from the sender or the agent making the transfer. With this payment in the application, the sender will be the company, and the country will be the United States. When funds are paid in euros, the country will be Albania. If 45 days have passed since the registration, the commission is not given. Refunds are possible only if the funds have not been issuedrecipient.

Control

The company has a program "Compliance", which allows you to protect and stop illegal financial procedures, fraud, financing of terrorism. Therefore, the transactions of the system are controlled. Particular attention is paid to large amounts, suspicious transactions. This work is carried out by a special department.

If there is suspicion, the transfer is blocked. You can unlock it after calling support. Depending on the case, clarifications are required from the sender or recipient. If it is impossible to unblock, the operator notifies the client about this and recommends withdrawing the funds.

Transfers from Russia to Ukraine have not been sent since May 5, 2017 due to changes in legislation. Registration cannot be completed, but funds can be received.

Thus, MoneyGram money transfers are in demand if you need to send money to another country. Registration and receipt are carried out quickly and reliably. Many people around the world have already appreciated the benefits of the service.