Comparison of MoneyGram & Western Union Money Transfer - choose the best

MoneyGram versus Western Union

MoneyGram and Western Union both offer similar type of Cash Transfer Services to help you send money abroad. In both of these services, you pay and the person whom you are sending money picks it up from a convenient location which is already preselected by you at the time of scheduling the money transfer. This type of Money transfer is called Cash transfer. Western Union also offers some other types of money transfer (e.g. send money directly to a bank) but in this post I will only compare the cash transfer services of MoneyGram and Western Union.

Comparison of Western Union and MoneyGram

Western Union
Agent Locations
Western Union has over 300,000 agent locations worldwide
MoneyGram has over 100,00 agent locations worldwide.
Money Transfer Limit
You can send as much money as you want by Western Union.
MoneyGram allows you to send only $899 at a time.
From where can you send money?
You can send money from a variety of countries.
You can send money only from United States.
Fees and Rates
(see below)
(see below)

Remark: Even if Western Union has more agent locations it is possible that a MoneyGram location is more convenient for you. The best way is to go to Western Union Locations and MoneyGram Locations to find out more.

Comparison of Fees and Rates of Western Union and MoneyGram

Fees and Exchange Rates are perhaps the most important deciding factor when you are planning to make a choice between Western Union and Money Gram. Note that there is no simple answer to this. First you must remember that MoneyGram has two money sending options - Same Day service and Economy service. Money sent by Same day service of MoneyGram is usually available for pickup within hours while the economy service (which costs less) may take a couple of business days. I tried to compare fees for sending money from Western Union and Money gram to three countries and here is what I found.
  1. Sending $500 to Cameroon - Western Union fees (from Kansas) are $39. While Moneygram fees are $31 for Same Day Service and $15 for Economy service.
  2. Sending $500 to India - Western Union fees (from California) are $10 while Moneygram fees are also roughly the same for both services.
  3. Sending $500 to Philippines - Western Union Fees (from California) are $12 while MoneyGram Fees are $28 for Same Day Service and $14.99 for Economy service.
No matter where you are sending money to, the above should make it clear there is no simple answer as to which is cheaper - MoneyGram or Western Union? The answer depends on where you are sending money, how much you are sending and the best way to find out the cheapest option for you is to go to the following
  1. How to Find Western Union Money Transfer Fees?
  2. MoneyGram Fees and Exchange Rates Calculator (on MoneyGram Homepage)

Articles on Western Union Money Transfer

  • Western Union Rates, Fees, Locations.

  • Comparison of Western Union and MoneyGram

  • How to Send Money using Western Union?

  • Western Union Philippines

  • Articles on Money Transfer

  • Send Money Overseas or Abroad: The most popular and best ways to send money to your home country.
  • Xoom Money Transfer Review
  • Ikobo Visa - A new way to send money abroad where you send a re-loadable visa card to the beneficiary.
  • MoneyGram Money Transfer and Money Order service.

  • Online Remittance to India
  • SBI Remittance Review - My most preferred method of sending remitting money to India. Good exchange rates.
  • Remit2India Options to Send money to India
  • Send Money to India by Paypal
  • HDFC QuickRemit

  • External Links
    Western Union Money Transfer -
    A trusted way to send money where beneficiary collects cash from a Western Union location.
    MoneyGram - International Money Transfer and Money Order. You send money, beneficiary collects cash from a chosen MoneyGram agent or location.
    iKobo - Send Money Worldwide
    Money Transfer by ATM Card. Useful for those who have to send money frequently. Check foreign exchange rates on the homepage of iKobo.
    Xoom Money Transfer - Online Remittance from United States to various other countries. Xoom Fees are around $8 per transaction.

    Send Money to India
    ICICI Remit to India
    Online Money Transfer to India.
    ICICI Exchange rates.
    SBI Remittance
    Online Money Transfer to India.
    SBI exchange rates.
    Online Money Transfer to India.
    Remit2India exchange rates.
    HDFC Quick Remit
    Remit Money to India online from U.S., U.K., Europe and Singapore.
    HDFC Quick Remit exchange rates.
    CitiBank Online Remit
    Remit Money to India from US.

    I have been sending money to India for quite a few years. I have been involved in at least 50 money transfers to India and used 4 to 5 different methods of online remittance. Although I do make efforts to provide accurate information about services related to online remittance, none of the opinion, experience or reviews in this post should be used for making any decisions to remit money to India or any other country. It is easily possible that my experience or opinion about a particular remitting service is different from yours. It is your money that you want to remit. So please verify the information from your own authentic sources before making a choice for remitting your money. I do not accept any liability for incorrect or inaccurate information. Some of the links in the posts may be affiliate links, however the opinions and reviews presented in the post remain honest and unbiased.

    Jun 29, 2009


    Anonymous May 16, 2010 at 1:20 AM  

    I will never use Money Gram again. After using them for 4 years - suddenly they say I am on a Code 4 list because I am receiving too much money from too many different people. In fact - one of their customer service reps slandered my Professional business stating I had a customers complain that I received money but never delivered PRODUCT!! HA! My industry is way too small to be around for 15 years doing unethical practices towards my customer. I spoke with 4 people at Money Gram and wanted an explanation. All four of them said they had no reason why one of their own would be saying these things about me and my ethics. The only reason why the placed my on COde 4 was due to receiving funds from too many "different" parts of the country. WHAT?! Even after my customer insisted they release the funds - they refused and refunded his money. I was embarrassed and shocked. I will never use Money Gram Again. Period.

    roy dongen November 7, 2010 at 8:25 AM  

    What a strange blog! You can use Money Gram in many countries in the world like every EU country to even Mongolia! To send AND to receive. Quality wise I think both are similar but with Western Union's impressive network and much larger number of outlets per country I usually prefer them.

    Roy Dongen

    Anonymous June 10, 2011 at 12:10 AM  

    The facts and figures on this blog are inaccurate regarding MoneyGram. If you check out the MoneyGram website this will prove it. I have used MoneyGram many times and prefer it over Western Union. I have never had a problem with a transfer.

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