I recently sent money overseas and before I did so, I compared the cost of using MoneyGram versus the cost of wiring the money through my main bank. This is what I discovered:
Using MoneyGram
To send money using MoneyGram, it would only cost me $25 and the person receiving the funds would not have to pay anything. The process was quick and easy. I just went to a local post office outlet and provided them with a piece of ID and used my debit card. I was then given a number that I had to give to the recipient. The recipient then would simply go to a MoneyGram outlet and provide that number. That’s all that was necessary. It’s quick and easy and inexpensive. The recipient can receive their money within a few minutes.