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Banking

An Alternative To Wiring Money Through Your Bank – Use MoneyGram

I recently sent money overseas and before I did so, I compared the cost of using MoneyGram versus the cost of wiring the money through my main bank.  This is what I discovered:

Using MoneyGram

To send money using MoneyGram, it would only cost me $25 and the person receiving the funds would not have to pay anything.  The process was quick and easy.  I just went to a local post office outlet and provided them with a piece of ID and used my debit card.  I was then given a number that I had to give to the recipient. The recipient then would simply go to a MoneyGram outlet and provide that number.  That’s all that was necessary.  It’s quick and easy and inexpensive.  The recipient can receive their money within a few minutes.

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