If you have been looking for a quick and reliable name in the world of online money transfers, MoneyGram is something that would come to your mind first. With its presence in over 200 countries across the world, MoneyGram is a popular choice among people who want to send & receive money quickly. How much money can you send through MoneyGram? In most of the countries, the maximum limit is fixed at $10,000 per online transfer.
How much money can you send through MoneyGram?
When you choose to transfer money online through Moneygram, there may be two questions in your mind – how much you can send online and what are the transfer charges that you need to pay. In this article, we will provide you some clarity about these topics, so that you can choose Moneygram to send & receive money without any inhibition.
If you want to know how much money can you send through Moneygram, you should first get a clear idea about the agent location from where you intend to send money. For most of the locations, the Moneygram maximum limit is fixed at $10,000 per online transfer and a maximum of $10,000 for a period of 30 calendar days. While the Moneygram maximum limit is fixed at $10000 per online transfer, the minimum amount is set at $1.
There is no specific rule regarding the ceiling on the maximum MoneyGram receiving limit. What person A can send is what person B is entitled to receive. So, as a receiver, you don’t have to worry thinking if there is a value set as the maximum MoneyGram receiving limit. You also don’t have to worry thinking about “do I have to pay taxes on money earned overseas.” This is because wire transfers of money, which have a value of less than $1,00,000 aren’t taxable.
What are the money transfer chargers on MoneyGram?
Now that you know how much money can you send through Moneygram, you should understand how much the site charges you for using its services. The basic point you need to understand here is that there is no fixed or flat rate that Moneygram charges for letting you transfer money. The charges vary based on the method of transfer that you choose.
Currently, you can make transfers through the following methods:
- Paying from your bank account directly
- Paying with the help of a debit or credit card
- Paying in person, wherein you pay the money at the nearest Moneygram agent location and the receiver picks up the money at one of the 350,000 agent locations across the globe
- Paying money with the help of a Sendbot, wherein you can transfer money easily with the help of Facebook’s messenger app
How much money can you send through MoneyGram at Walmart
We all know that Walmart is the largest retailer in the world. Thanks to the success of its domestic money transfer service, Ria, in the year 2014, Walmart joined hands with Moneygram to launch its international money transfer service in 2018. This venture was named Walmart2World. Here are some points that you should know to get the answer to the question, how much money can you send through Moneygram at Walmart:
- Pricing structure is fixed, regardless of the location of the sender and receiver
- Good exchange rates offered when compared to its competitors
- Money transfers done within 10 minutes with the help of a user-friendly app
- Maximum limit fixed at $2500 per online transfer and $6000 for online transfers that are done every month
- Charges are fixed at $4 for transfers up to $50; $8 for transfers between $51 and $1000 and $16 for transfers between $1001 and $2500
- Additional charges apply as per the exchange rates of the country where you are sending the money to
How long does MoneyGram hold money for pickup?
You will not get a definite answer to the question, how long does Moneygram hold money for pickup. The answer depends on two important factors – the receiver’s location and the mode of transfer you have opted for. Typically, the cash is available for pickup by the receiver almost immediately after the online transfer has been completed by the sender.
In most of the cases, the money is available for pickup within 24 hours from the transfer. In countries like Canada, China, El Salvador, Guatemala, Honduras and Mexico, the receiver will get the money within 1 hour of the transfer.
If the receiver is based in India, he will get it within 3 hours of the transfer. If the receiver’s location is in Brazil or the Philippines, he will get the money on the same day the transfer was made. If the receiver’s location is in Belgium, Bulgaria, Denmark, Ecuador, Italy, Netherlands, Poland, Romania, Spain, Sri Lanka, Sweden or the United Kingdom, he will get the money after the day of transfer.
What are some of the advantages and disadvantages of MoneyGram
When you want to use MoneyGram and understand how much money can you send through MoneyGram, it is important for you to be fully aware of its pros and cons. This will help you to set your expectations right while using this online money transfer tool.
- One of the most reputed international money transfer tools and has its presence in over 200 countries; you can find close to MoneyGram 350,000 agent locations in these countries.
- Safe & quick money transfers guaranteed, regardless of the sender’s and receiver’s location.
- Currently, you can send money to over 197 countries; the tool is strong enough to support the exchange rate conversions of various currencies.
- Money can be transferred to some countries within a few hours, which makes it one of the quickest among all online global money transfer tools.
- The cap is fixed at a maximum transfer of $10000 per online transfer; therefore, if you want to send more money, you may find it impossible on MoneyGram.
- US Dollar is the only currency available for you to send money to other countries from the US; so, you have to pay for the exchange rate differences as well.
- Transfer charges of MoneyGram are quite high; using a bank account to send money may be way cheaper than using your debit or credit card to transfer money to other locations. For a $1000 transfer, MoneyGram charges around $4 if you choose to send money from your bank and $15 if you use your debit or credit card. These charges will vary depending on the locations
Always check for the estimate charges on Moneygram’s official site before using the tool for your online global transfers.
Conclusion:
In conclusion, the amount of money you can send through MoneyGram depends on several factors, including the destination country, the sending and receiving method, and the purpose of the transfer. However, MoneyGram typically allows users to send up to $10,000 per online transaction and up to $6,000 per in-person transaction. It’s always recommended to check with MoneyGram directly or visit their website to confirm the current limits and fees for your specific transfer needs.
Frequently Asked Questions:
How to check MoneyGram blacklist?
There is no publicly available list of individuals or entities that MoneyGram has blacklisted. However, if you suspect that MoneyGram may have blacklisted you or someone you know, you can contact their customer service department for more information and assistance.
What time MoneyGram close?
The closing time for MoneyGram locations varies depending on the individual location and the day of the week. However, many MoneyGram locations are open until 7 or 8 PM local time on weekdays, and some may have limited hours or be closed on weekends. It’s best to check the hours of the specific MoneyGram location you plan to visit.
Hello, my name is Idammah, and I am the founder of Wolfionaire.com, a personal development, and finance blog focused on motivation, success, and wealth. I am obsessed with studying the world's wealthiest individuals and learning about their path to success. I believe anyone can achieve their financial goals with the right mindset and strategies, and I hope to inspire and empower my readers to pursue their own path to success.
