Moneygram is a money transmission service which moves money fast.
The brand is recognised throughout the world as a leading global payment services company, and its International Money Transfer service offers a quick and secure way of sending money overseas for both consumers and businesses.
The service can be accessed through British Post Offices, among a network of other agents.
If you want to send money to relatives, overseas, or send emergency cash abroad, you will need to use an international money transfer service.
While you may view your bank as the most convenient option, the process of transferring money overseas can be expensive and slow.
By contrast, the International Money Transfer service offered by Moneygram is far cheaper and quicker, as the rates of exchange are more competitive, and you don’t get stung with the hefty transfer fees levied by the banks. With Moneygram, it can cost around £10 to send £100.
To make a cash transfer using the Moneygram service you simply need to go to your local Post Office; the service is available at all 12,000 branches.
Money can arrive in a matter of minutes, and the recipient doesn’t need an account; they simply need to turn up at the agent with their ID to get the money.
Moneygram has agents all over the world, and offers almost immediate cash transfers to more than 176,000 destinations worldwide from any branch.
In addition to person-to-person (also known as cash-to-cash), customers can choose from other delivery channels, such as direct-to-account, cash-to-a-mobile phone and cash-to-card.
Moneygram also offers a Bill Payments Service through which consumers can make urgent payments or pay routine bills to creditors, via the Moneygram network.