transfer MoneyGram

About the company MoneyGram

The history of MoneyGram International dates back to 1940, when Travelers Express Co., Inc. was founded in Minneapolis (USA). Subsequently, Travelers Express as a subsidiary of Viad Corp. It is fast becoming one of the world's largest money transfer operators and a key player in the electronic transfer industry, along with companies such as Greyhound Corp. - one of the leaders in bus transportation, and The Dial Corp., which specializes in the manufacture of skin care products.

In 1998, changes took place that helped create the MoneyGram system and eventually enabled the company to become one of the leaders in the field of money transfers. This was preceded by the fact that Viad Corp. acquired an international company from Denver (USA) MoneyGram Payment Systems, which was founded in 1988 and was one of the divisions of the structure, which also owned Western Union.

Travelers Express and MoneyGram Payment Systems Inc. were seamlessly integrated to form MoneyGram, a company that quickly became a globally recognized and trusted brand. And after the night of June 30, 2004, Viad Corp. sold its stake in MoneyGram, the company became an open joint stock company.

Today, under the chairmanship of CEO Alex Holmes, MoneyGram is the second largest remittance company in the world. It has excellent growth rates, and the company is well positioned in an industry with an estimated potential of nearly $ 600 billion.

MoneyGram offers services at approximately 350,000 customer service points in more than 200 countries and has aggressive plans to expand, which increase by 15-20% the revenue from money transfers from various self-service channels, including online, mobile transfers, use of deposit accounts , ATMs and self-service terminals. After all, investing in self-service, which focuses on the exceptional experience of consumers, is an integral part of the company's continued success.

http://corporate.moneygram.com/compliance

The main advantages

You do not need to open a bank account to make transfers, you only need to have a passport
Transparent transfer conditions: the specified commission is paid only by the sender
The payment can always be adjusted or canceled in a few minutes if necessary
You can get a transfer at any branch in the destination country

To send a transfer using the MoneyGram system, you need to provide a passport, fill in the form for sending, make the required amount of the transfer (including the transfer fee) and obtain a transfer control number from a bank employee.

When you receive a money transfer, you only need to fill in the form, indicating the control number, and present your ID.

How to get money

In order to pick up the transfer, the recipient will need to visit the point of payment, which is located in the branch of the partner bank of the system. You will need to provide ID and the transfer number to be provided by the sender.

The term for receiving the transfer is 25 days, after which the money is returned to the sender.

Only a person who has reached the age of majority under the laws of his country can receive money.

How to send funds

The sender must come to the branch of the bank that is a partner of the MoneyGram system.
To send a payment you will need to specify the personal data of the recipient and his country, as well as select the currency of the transfer and its amount.
The cashier pays the amount of the transfer and the additional commission for the payment, after which the transfer will be available for issuance to the recipient. Only a person who has reached the age of majority can send a transfer.

How to change details or cancel a transfer

If an error was made while filling in the details, it can be corrected. To do this, you will need to come to the branch of the partner bank of the system with an identity card and provide information about the payment. You can change the information only if it has not yet been issued to the recipient. No additional commission will appear.

Cancellation of funds is carried out in the same way as the change of payment details. No additional payment is required for this operation, and the sender immediately receives the amount of the transfer back. The commission may or may not be refunded, depending on the terms of the transfer and the specific requirements of the system partner. It is not possible to cancel a transfer issued to the recipient.

How to send a money transfer using the MoneyGram system

You can send a transfer to any MoneyGram customer service point.

The commission for sending the transfer is paid only by the sender (the commission is not paid for the payment of the transfer).

Immediately after receiving the control number, the transfer will be available for payment to the recipient.

To send a money transfer you need:

contact the nearest MoneyGram point;
provide the operator with a passport or a document that replaces it;
inform the operator of the amount, currency, country of receipt of the transfer and the name of the recipient;
sign the application for sending the transfer, which is made by the operator, and deposit money at the box office;
inform the recipient of the transfer control number, which will be notified to you by the operator and which is written on your copy of the application for sending the transfer.

After sending the transfer, only the sender can make changes in the name of the recipient of the transfer, if he has an application for sending the transfer and a passport or a document that replaces it. Changes to the transfer can be made if the transfer is not paid to the recipient.

Return of the transfer

The transfer can be returned only to the sender if there is an application for sending the transfer and an identity document, and only if the transfer has not yet been paid to the recipient.

The transfer can be returned in two cases:

1) when the sender initiates the return of the transfer (the transfer fee is not returned);

2) the transfer was not received within 25 days after sending ** (transfer fee is non-refundable).

What is a transfer control number?

Each transfer is assigned a unique 10-digit transfer control number, which indicates that this transfer can already be obtained.

The sender of the transfer must inform the recipient of the transfer control number.

Only those who know the transfer control number can receive the transfer addressed to them, as the transfer control number is one of the mandatory details when making a payment transaction.

How to get a money transfer using the MoneyGram system

You can receive a transfer at any MoneyGram customer service point.

To receive a money transfer you need:

contact the nearest MoneyGram point;
provide the operator with a passport or a document that replaces it, and provide the control number of the transfer;
inform the operator of the amount and currency of the transfer, the name of the sender;
sign an application for a transfer, issued by the operator;
get the amount of the transfer at the box office.

What is a transfer control number?

Each transfer is assigned a unique control number, the presence of which indicates that this transfer can already be obtained.