Apps Like MoneyGram (2024)

Letting you send remittances online or over the counter to more than 200 countries and regions across the globe, MoneyGram is doubtlessly one of the best ways you can send money overseas. Not only does it give you excellent coverage, but MoneyGram is also a highly reputable financial institution, claiming the spot as the second-largest money transfer company in the world after Western Union.

However, despite its unparalleled coverage and user base, MoneyGram is often not the best choice for international transfers due to the fees and exchange rate margins that go along with its transfers.

This guide helps you save money by ranking and reviewing the seven best apps like MoneyGram, allowing you to send money internationally more cheaply, no matter your needs and preferences!

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Wise — Best for Bank Transfers

Though much younger than MoneyGram, Wise has nonetheless become extremely popular in recent years for its easy-to-use and low-cost platform for international money transfers. In fact, Wise frequently ranks as the cheapest way to transfer abroad on Monito. Like MoneyGram, it supports transfers to dozens of foreign currencies worldwide, but unlike MoneyGram, it's among the best money transfer services of all on Monito (compare MoneyGram's 7.7/10 to Wise's 9.5/10 on our Monito Score ranking) and its mobile app is ranked the best money transfer app.

Monito Score 2024

• Trust & Credibility

  10

• Service & Quality

  8.7

• Fees & Exchange Rates

  10

• Customer Satisfaction

  9.4

Go to Wise ❯

Similarities to MoneyGram: You can send money online to a foreign bank account.

Differences to MoneyGram: It's usually significantly cheaper.

Cost: Approx. 0.25% - 1%

Coverage: Available in the EEA, UK, US, Singapore, Japan, Australia, and New Zealand and supports transfers to around 57 foreign currencies across the globe.

Speed: 52% of transfers arrive within 20 seconds, 71% within an hour, and 90% within a 24-hour period.¹

Transfer limits: Precise limits vary depending on currency and country, but generally, the minimum transfer is just one US dollar, and the maximum transfer is USD million or currency equivalent.

More info: See our full Wise review or visit the website.

¹ Q2 2022 Mission Update: Speed

Visit Wise now ❯

Remitly — Best for Cash Pick-Up

Remitly is a US-based digital remittance app that's very often the fastest and cheapest money transfer app on Monito. Like MoneyGram, Remitly offers various pay-in and pay-out options and supports currency transfers to over 85 countries worldwide, but unlike MoneyGram, it's often 2 to 5 times cheaper!

Monito Score 2024

• Trust & Credibility

  8.9

• Service & Quality

  9.3

• Fees & Exchange Rates

  9.6

• Customer Satisfaction

  9.3

Go to Remitly ❯

Similarities to MoneyGram: You can send money to cash pick-up, bank deposit, or mobile wallet deposit.

Differences to MoneyGram: It's usually cheaper, especially for cash transfers.

Cost: Approx. 0.5% - 2%

Coverage: Available in Europe, North America, Singapore, and Australia and supports transfers to around 47 currencies.

Speed: Remitly 'Economy' bank transfers take between three and five business days to arrive, while 'Express' card transfers arrive within minutes.

Transfer limits: Exact limits vary depending on currency and country, but generally, the minimum transfer is USD 1, and the maximum transfer is USD 20,000, or currency equivalent.

More info: See our full Remitly review or visit the website.

Try Remitly now ❯

WorldRemit — Best for Mobile Money

WorldRemit is a UK-based online remittance provider that offers the best way to transfer money internationally to diverse regions globally, including Africa, the Middle East, and Latin America — often being the cheapest transfer app to these countries. Like MoneyGram, Remitly, and Wise, WorldRemit lets you send money to mobile wallets in countries overseas (in addition to cash pick-up and bank deposits). However, its rates are generally excellent for this transfer type.

Monito Score 2024

• Trust & Credibility

  9.1

• Service & Quality

  7.7

• Fees & Exchange Rates

  7.1

• Customer Satisfaction

  9.1

Go to WorldRemit ❯

Similarities to MoneyGram: You can send money to cash pick-up, bank deposit, or mobile wallet deposit.

Differences to MoneyGram: It's usually cheaper, especially for mobile wallet transfers.

Cost: Approx. 1% - 2.5%

Coverage: Available in 56 countries and transfers to as many as 150 foreign currencies.

Speed: Depending on the pay-in methods, payout methods, and countries involved, WorldRemit transfers take anywhere between a few seconds and a few working days to arrive.

Transfer limits: USD 1 - USD 9,000 in the US and GBP 1 - GBP 50,000 in the UK.

More info: See our full WorldRemit review or visit the website.

Sign up for WorldRemit ❯

Paysend — Best for Card Transfers

A specialist in international card payments, Paysend is a flexible and fast-growing money transfer platform that supports credit and debit card payments to an impressive network of nearly 100 receiving countries through various pay-out options. It's a simple, fast, and up-and-coming money transfer app that our reviewers think is the best on the market for card transfers.

Monito Score 2024

• Trust & Credibility

  8.8

• Service & Quality

  8.3

• Fees & Exchange Rates

  10

• Customer Satisfaction

  8.1

Go to Paysend ❯

Similarities to MoneyGram: Supports online money transfers.

Differences to MoneyGram: You can send money to somebody's card.

Cost: Approx 0.5% - 2%

Coverage: Available in 49 countries and supports transfers to 90 countries.

Speed: For Paysend transfers to cards or for cash pickup, funds normally arrive within a matter of seconds or minutes. Transfers to bank accounts take longer, usually between one and three business days.

Transfer limits: USD 10 - USD 1,000 (which can be raised to USD 10,000 after ID verification).

More info: See our full Paysend review or visit the website.

Visit Paysend ❯

Revolut — Best for Banking Features

A big name in digital banking,Revolutis an online bank and fintech that boasts 12 million users globally. In addition to its mobile banking app and smart features (you'll need to sign up to make transfers), Revolut also offers some of the best-priced international money transfers to global bank accounts that you'll find anywhere on the market.

Monito Score 2024

• Trust & Credibility

  10

• Service & Quality

  8.2

• Fees & Exchange Rates

  10

• Customer Satisfaction

  9.3

Go to Revolut ❯

Similarities to MoneyGram: You can send money online, but with fewer receiving currencies.

Differences to MoneyGram: Online interface is much simpler, and transfers are considerably cheaper.

Cost: Approx 0.5% - 1.5%

Coverage: Available from most major currencies to around 28 others worldwide.

Speed: Within 1 business day.

Transfer limits: Up to USD 1 billion or currency equivalent.

More info: See our Revolut Money Transfer review or visit the website.

Go to Revolut Money Transfer ❯

XE Money Transfer — Best for Coverage

The world's oldest online money transfer company, XE Money Transfer is widely-known in the world of currency exchange and often offers the best way to transfer money internationally in terms of the number of foreign currencies and countries it covers.

Monito Score 2024

• Trust & Credibility

  10

• Service & Quality

  8.2

• Fees & Exchange Rates

  7.2

• Customer Satisfaction

  9.5

Go to XE ❯

Similarities to MoneyGram: The online interface looks similar; it's old-school but robust and quite easy to use.

Differences to MoneyGram: It's usually cheaper.

Cost: Approx 0.9%

Coverage: Available globally and supports transfers to 98 foreign currencies.

Speed: 1 - 3 business days.

Transfer limits: USD 1 - USD 500,000.

More info: See our full XE review or visit the website.

Transfer with XE now ❯

OFX — Best for Large Transfers

A specialist in large money transfers, OFX is a foreign exchange broker rather than a money transfer platform, meaning that its services are more personalized toward the needs of individual customers. However, you should be making a large transfer (i.e. more than USD 15,000 or equivalent) for OFX to be better-priced than apps like Wise and Remitly.

Similarities to MoneyGram: You can send money to over 170 countries.

Differences MoneyGram: It's cheaper, especially for very large transfers.

Cost: Approx 0.4% - 1%

Coverage: Available in Australia, New Zealand, Canada, the UK, the US, the EU, Singapore, and Hong Kong. It supports transfers to an impressive 190 countries in over 50 foreign currencies.

Speed: 2 - 5 business days.

Transfer limits: USD 2,000 - USD 2 billion.

More info: See our full OFX review or visit the website.

Visit OFX now ❯

How to Find the Best Apps Like MoneyGram

It's worth stressing that there are many apps like MoneyGram, and no single one will necessarily be better than MoneyGram or every person in every instance. Overall, however, the money transfer apps we outlined above will, on average, be cheaper than MoneyGram and give additional benefits as well.

However, changing from MoneyGram to another provider, there are a few other rules of thumb to keep in mind to ensure that you save every extra dollar when sending money internationally for everyday use. These include:

• Open bank accounts that don't charge additional fees for international money transfers. Take a look at our list of the best banks for international travel to find out more.
• Avoid using a credit or debit card to fund your money transfer. If you do, then Paysend is by far the best option.
• Make sure you choose a safe and fully-licensed money transfer service. All services on Monito adhere to the highest security standards and are among the safest ways to send money internationally.
• Avoid using big banks and PayPal, which are practically never the cheapest way to send (or receive) money overseas.
• Where possible, send money to a bank account or a mobile wallet rather than to acash pick-up location.
• If you're looking for the cheapest way to exchange money with cash, avoid doing so at bureaux de change or airports.
• Where possible, send one large transfer instead of multiple smaller ones. Larger transfers almost always incur lower percentage fees than smaller transfers. Learn more about making sizeable international money transfers here and about how much you can send internationally here.
• Choose a longer transfer speed if it reduces your fees.

Best Apps Like MoneyGram By Country

MoneyGram is especially popular for sending money to countries like India, Mexico, and the Philippines in particular. According to millions of searches on Monito, here are the best apps like MoneyGram for transfers to these three countries in general:

• Mexico: WorldRemit is the best app like MoneyGram to Mexico. It's usually the cheapest money transfer app to Mexico from the countries where MoneyGram is available.
• India: XE Money Transfer is the best app like MoneyGram to India, as it's normally the cheapest money transfer app to Mexico from the countries where MoneyGram is available.
• The Philippines: The best app like MoneyGram to the Philippines, Instarem is typically the cheapest money transfer app to Mexico from the countries where MoneyGram is available.

FAQ About Apps Like MoneyGram

• 🏪 Is there an alternative to MoneyGram ?

  Yes, there are many alternatives to MoneyGram! Western Union, MoneyGram's direct competitor, is the most similar company to MoneyGram. However, both companies aren't usually the cheapest way to send money internationally. Online money transfer apps like Wise for bank deposits, Remitly for cash pick-up, WorldRemit for mobile wallet deposits, and Paysend for card deposits are a few excellent apps like MoneyGram that will help you save money when transferring internationally!

• 🏦 Is MoneyGram better than a bank wire transfer?

  Yes, MoneyGram is normally cheaper than a bank wire transfer. However, if you're interested in saving money, Wise is normally the cheapest online money transfer platform for sending money from one bank account to another overseas. When in doubt, double-check Monito's real-time comparison engine to make sure you're getting the best deal for your money transfer!

• 🏤 What are other companies like MoneyGram?

  Other companies like MoneyGram include Western Union, Ria, and Small World, which all operate vast global payout networks. However, the cheapest apps like MoneyGram are Wise for bank deposits, Remitly for cash pick-up, WorldRemit for mobile wallet deposits, and Paysend for card deposits — all of which will normally save you money compared to sending with MoneyGram or your bank.

• 💰 Why is MoneyGram so expensive?

  All told, MoneyGram isn't too expensive, especially if you make an online bank transfer. However, it's not the cheapest service out there. This is because of its fees and exchange rates, which are slightly higher than those of savvier, online-only competitors with lower costs, such as Wise and Remitly.

• 💸 Is MoneyGram worth it?

  MoneyGram is worth it when compared to a bank wire transfer overseas. You'll typically save money by picking MoneyGram over your bank to handle these transfers. However, MoneyGram isn't worth it compared to savvier competitors such as Wise and Remitly, whose fees and exchange rates are usually lower than MoneyGram's, making them a better deal for most money transfers where they're available.

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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