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Compare alternative money transfer services to MoneyGram

The best alternatives to MoneyGram when sending an international money transfer.

MoneyGram is the second-largest money transfer service in the world, transferring funds to almost 200 countries and territories and has more than 350,000 agent locations worldwide. Sending money with MoneyGram is fast, easy and secure. You can even talk to an agent who can walk you through the process.

Pros

  • Global network of 350,000 agent locations in almost 200 countries.
  • Lots of transfer options for sending and receiving money.
  • Secure and reliable.
  • Fast transfers, with same-day service in many locations.

Cons

  • Minimum amount of $250. You can’t send small amounts through MoneyGram.
  • Flat fee for transfers under $10,000. If you’re transferring even a small amount you’ll still pay $15. On a $250 transfer this equates to almost 6% of the total transfer amount.

MoneyGram offers thousands of cash pick up locations, but it generally costs more than other online providers. Compare online providers to see if you can find a transfer service that offers transfers to multiple locations, but with potentially lower fees.

Alternative sites like MoneyGram

ofx logo

1. OFX

Like MoneyGram, OFX offers money transfers to many countries in a variety of currencies. But with higher maximum transfer amounts and no fees, OFX could be better if you're looking to do business or pay for exports overseas.

Pros

  • Low transfer fee of $15, which is waived for transfers over $10,000.
  • Competitive exchange rates
  • Offers scheduled and recurring transfers.
  • Compatible with major online marketplaces including Amazon and Etsy
  • Major currencies available through your own local account
  • Android and iOS apps available for mobile transfer and tracking.

Cons

  • No cash payment or pickup, only bank deposits.
  • Transfer minimum of $250.
  • Limited currency options
  • Not compatible with all online marketplaces yet
Go to the OFX website

2. World First

Like MoneyGram, World First can transfer money to almost anywhere around the world. Additionally, World First charges no fees on private client international payments or business currency transactions.

It also allows for large transfers with rates closer to the mid-market rate than MoneyGram. World First is a good choice for overseas business transactions.

Pros

  • Competitive exchange rate
  • Spot contracts, forward contracts and hedging options available
  • Weekly updates on market exchange rates
  • Low fees

Cons

  • Small number of currencies available
Go to the World First website

transferwise logo

3. Transferwise

TransferWise charges fees depending on how much money you're sending and where you're sending it to. For example, sending money to the US will cost you a fixed fee of $1.50 and 0.45% of the amount you send. But with exchange rates that follow mid-market rates, TransferWise could save you money. This peer-to-peer money transfer company allows individuals and businesses to send as much as $1,800,000 per transaction.

Pros

  • Easily sign up to start transferring money in minutes.
  • Transfer from $1 to $1,800,000 or more, depending on your account.
  • No hidden commissions or unexpected fees
  • Uses the mid-market exchange rate to give you the best possible deal

Cons

  • Not all currencies supported
  • No cash pick up

More info


xe logo

4. XE

XE offers competitive exchange rates, particularly for transfers over $10,000. Combined with no fees or commissions and a simple registration process, XE is a great option for high volume money transfers up to $500,000.

Pros

  • Great rates & no fees
  • Secure & reliable
  • Trade in 60 world currencies

Cons

  • Not available for certain countries including Indonesia and Bangladesh.
  • No cash pick up
Go to the XE website

torfx logo

5. TorFX

TorFX makes money transfers in more than 60 currencies in as little as a day. Unlike MoneyGram, TorFX doesn't charge fees for exchanges and offers competitive exchange rates. But you can only make bank-to-bank transfers and can't send less than $200 to take advantage of its services.

Pros

  • Competitive exchange rates, generally up to 3% better than banks.
  • No fees or commissions
  • Good customer service and reliable transfer speed

Cons

  • Only allows bank-to-bank transfers.
  • Not as many currencies on offer as other companies.
Go to the TorFX website

Western Union logo

6. Western Union

With Western Union, you can transfer money to over 200 countries around the world. Lodge a transfer online, or in person at one of 500,000 agent locations throughout the world. You can transfer funds from a variety of sources, including your bank account, your debit or credit card, or even cash. Not only can you transfer money to your recipient's bank account, you can arrange to have it transferred to a prepaid card or physically delivered to an agent location for pickup.

Pros

  • Benefit from a variety of options for funding your transfer, including cash, credit or bank transfer.
  • Cash pickup available.
  • Same day transfer available.

Cons

  • Transfer amounts larger than $5,000 need to be lodged in person at an agent location.
  • Varying fees, depending on transfer amount and destination.

More info


Still looking for the right money transfer provider? Compare more options below

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.664 USD
6,634
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 3,000 1 day GBP 20.00 0.683 USD
6,818
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.683 USD
6,827
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.683 USD
6,827
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.679 USD
6,785
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.677 USD
6,770
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 200 1 day AUD 0.00 0.68 USD
6,800
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.


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International Money Transfer Offers

Important Information*
Logo for ANZ International Money Transfer
ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for Global Reach (formerly FC Exchange) International Money Transfers
Global Reach (formerly FC Exchange) International Money Transfers

Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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