Moneygram Send Money Calculator
'/%3E%3Ccircle cx='48' cy='39' r='19' fill='%23f2c9a5'/%3E%3Cpath d='M27 35c3-16 39-17 42 2-8-8-27-9-42-2z' fill='%23374151'/%3E%3Cpath d='M21 86c5-24 49-28 56 0z' fill='%232563eb'/%3E%3Ccircle cx='41' cy='41' r='2' fill='%23111827'/%3E%3Ccircle cx='55' cy='41' r='2' fill='%23111827'/%3E%3Cpath d='M42 52c4 3 9 3 13 0' stroke='%2392400e' stroke-width='3' fill='none' stroke-linecap='round'/%3E%3C/svg%3E)
Reviewed by Calculator Editorial Team
Sending money internationally can be expensive. Use this MoneyGram send money calculator to estimate how much you'll pay in fees when transferring money to family or friends abroad. The calculator accounts for MoneyGram's transfer fees and exchange rates to give you an accurate estimate of the total amount you'll need to send.
How to use this calculator
To calculate your MoneyGram transfer costs:
- Enter the amount you want to send in your local currency.
- Select the currency you're sending to.
- Choose whether you're sending money to a bank account or a MoneyGram agent location.
- Click "Calculate" to see the estimated total cost and recipient amount.
The calculator will show you:
- The transfer fee MoneyGram charges
- The exchange rate applied
- The total amount you'll need to send
- The amount your recipient will receive
Note
This calculator provides estimates based on current MoneyGram rates. Actual amounts may vary slightly due to market fluctuations and other factors.
How MoneyGram transfers work
MoneyGram is a global money transfer service that allows you to send money to friends and family in over 200 countries and territories. Here's how the process works:
- You provide the recipient's details and the amount you want to send.
- MoneyGram converts the amount to the recipient's local currency using current exchange rates.
- MoneyGram deducts its transfer fee from the total amount.
- The remaining amount is sent to the recipient's bank account or MoneyGram agent location.
- The recipient can pick up the money at a local agent location or have it deposited directly into their bank account.
MoneyGram offers two types of transfers:
- Bank transfers: Money is deposited directly into the recipient's bank account.
- Cash pick-up: The recipient collects the money in cash at a MoneyGram agent location.
Formula used
Total Amount to Send = (Amount to Receive / Exchange Rate) + Transfer Fee
Amount Recipient Gets = (Amount to Send - Transfer Fee) × Exchange Rate
Understanding MoneyGram fees
MoneyGram charges transfer fees that vary depending on the amount you send and the destination country. Here's what you need to know about fees:
- Fees are typically a percentage of the amount you send.
- There may be minimum and maximum fee amounts.
- Additional fees may apply for certain services like express delivery or cash pick-up.
- Exchange rates are determined by MoneyGram and may vary from other currency exchange services.
MoneyGram's fees are designed to cover their costs of processing the transfer and providing the service. The exact fee amount will be calculated when you enter your transfer details.
Important
Always check the current MoneyGram fee schedule before making a transfer. Fees can change without notice, and some promotions or discounts may be available for certain transfers.
Example calculations
Let's look at two example scenarios to see how the MoneyGram send money calculator works.
Example 1: Sending USD to a Mexican bank account
You want to send $500 USD to a friend in Mexico who will receive the money in their bank account. The current exchange rate is 1 USD = 20 MXN, and the transfer fee is 3% of the amount sent.
| Description | Amount |
|---|---|
| Amount to send (USD) | $500.00 |
| Transfer fee (3%) | $15.00 |
| Amount after fee (USD) | $485.00 |
| Exchange rate (1 USD = 20 MXN) | 20 |
| Amount recipient gets (MXN) | 9,700.00 |
Example 2: Sending GBP to a cash pick-up in India
You want to send £300 GBP to a family member in India who will pick up the money in cash. The current exchange rate is 1 GBP = 100 INR, and the transfer fee is 2.5% of the amount sent.
| Description | Amount |
|---|---|
| Amount to send (GBP) | £300.00 |
| Transfer fee (2.5%) | £7.50 |
| Amount after fee (GBP) | £292.50 |
| Exchange rate (1 GBP = 100 INR) | 100 |
| Amount recipient gets (INR) | 29,250.00 |
Frequently Asked Questions
How long does a MoneyGram transfer take?
MoneyGram transfers are typically processed within minutes to a few hours, depending on the recipient's location and the method of delivery. Bank transfers usually take longer than cash pick-ups.
Can I track my MoneyGram transfer?
Yes, MoneyGram provides tracking information for your transfer. You'll receive a confirmation number and tracking details when you complete the transfer.
What currencies does MoneyGram accept?
MoneyGram accepts transfers in USD, EUR, GBP, CAD, AUD, and other major currencies. The exact currencies available depend on your location and the recipient's country.
Is there a limit to how much I can send with MoneyGram?
Yes, MoneyGram has daily and monthly sending limits that vary depending on your location and the recipient's country. These limits are designed to help prevent money laundering and other illegal activities.
Can I cancel a MoneyGram transfer?
Once a transfer is processed, it cannot be canceled. However, you can contact MoneyGram customer service to request a refund if the transfer was made in error.