Which is better Western Union or MoneyGram?

Which is better Western Union or MoneyGram?

MoneyGram is the world’s second biggest money transfer company – while Western Union comes in as the largest on the planet. Western Union is better than MoneyGram for some customers, but it’s always a good idea to compare these and other services before deciding which provider will be best for your specific transfer.

How long does it take to receive money from MoneyGram?

The money is typically ready for pick up in as little as 10 minutes after the transfer is submitted subject to agent operating hours, and compliance with regulatory requirements. Available in all countries. Account Deposit: You can send money directly to your receiver’s bank account.

How long does it take to receive money through Western Union?

Money in Minutes service for pick up at an Agent location – generally delivered within minutes*. Next Day service for pick up at an Agent location is generally available the next day*. Direct to Bank deposit typically takes between 2 to 5 business days, but could vary, depending on country.

Is Western Union and money Gram the same?

Western Union is one of the world’s most recognized and largest worldwide money transfer companies in the industry best known for their cash pay-in and payout options. They also offer online money transfers. MoneyGram is the second-largest money transfer company (Western Union has the number one spot).

What’s cheaper MoneyGram or Western Union?

MoneyGram tends to be slightly cheaper, almost across the board. But it’s never an exact comparison. It may be that a Western Union is quicker than MoneyGram to a certain destination, or with a certain transfer method.

What is the maximum amount for MoneyGram?

When sending online with MoneyGram, your transfer is limited to $10,000 per transaction. There is also a $10,000 per month limit. When you need to send more you can do so in-person from a MoneyGram agent location.

What is needed to receive money from Western Union?

Sender’s full name. Sender’s country. Money Transfer Control Number – MTCN. Acceptable ID document.

Can I pick up MoneyGram without ID?

Short of that there is no way to receive a MoneyGram transfer without and id. By the way, the sender can simply change the receiver name by going to the location where they did the original transfer with their id and receipt and ask the agent to do an amend.

Does MoneyGram have a daily limit?

How much money can I send online? For most countries, you can send up to $10,000.00 per online transfer, and up to $10,000.00 every 30 calendar days. If necessary, you may send additional funds from a MoneyGram agent location.

Do I need a Western Union account to receive money?

The most convenient way to get your money through Western Union may be to have it sent directly to your bank account. If you need your money more quickly, or don’t have a bank account, you can also get your payment in local cash. In this case you need to give your sender your full name as shown on your ID documents.