The company now called MoneyGram International was founded in Minneapolis in 1940 as Travelers Express, but it has been called MoneyGram since 1998. Like Western Union, MoneyGram has physical locations all around the world. Traditionally, customers would go and collect their money from a nearby branch. These days you can still do that, but MoneyGram also offers ways to make a transfer online.
The fees vary for Moneygram. They depend on the amount being sent, how you pay, and where your money is going. You should be able to see an estimate of the fees before you make the transfer – however, the exchange rate shown at the time of your transfer won’t necessarily be the one applied, so you’ll need to be careful as this is a popular way for transfer providers to add in extra profits without necessarily being upfront with consumers.
Transfers with MoneyGram can be very quick if you use a debit or credit card, and their pickup locations are a convenient option if you just need to send cash somewhere and the recipient doesn’t have a local bank account. They also have a big global reach, covering an impressive number of destinations.