Western Union Vs MoneyGram: Which Platform Is Best [2024]

Want to send money overseas or even domestically? Western Union and MoneyGram are two well-known companies that provide money transfer services around the world. 

Both offer similar features, such as the ability to send cash for someone to pick up in person or transfer funds directly to their bank account. However, there can be some differences in fees, speed, and location. 

In this comparison of Western Union Vs MoneyGram, we will examine the key features and differences between Western Union and MoneyGram, so you can determine which might be the better option for you.

Also know about Xoom Vs Wise.

Western Union Vs MoneyGram: Overview

Western Union: Western Union is a company that helps people transfer money. They have locations all over the world and have been around since 1851. They offer a variety of ways to send money, including a mobile app, website, or by visiting an agent location. 

With agents and locations in more than 200 countries and territories, it has an extensive network of agents.

MoneyGram: MoneyGram is another company that lets people send money to each other. They have a network of agents available in places such as stores and banks. It provides services like money transfers, bill payments, and buying money orders. 

Additionally, it has agents and locations in over 200 countries as well. It is a convenient and easy way to send money internationally.

FeatureWestern UnionMoneyGram
Global ReachMore countries and agent locationsFewer locations and countries
Transfer SpeedCash pickup – Same day in some casesCash pickup – Same day in some cases
FeesGenerally cheaper for credit card transfers Generally more expensive for credit card transfers
Maximum Transfer AmountUp to $50,000 with verificationUp to $10,000 online, may require verification for larger amounts
Payment MethodsDebit card, credit card, bank accountDebit card, credit card, bank account (cash for in-person transfers)
Money Receive OptionsCash pickup, bank deposit, mobile wallet (limited availability)Cash pickup, bank deposit, mobile wallet (limited availability)

Western Union Vs MoneyGram: Fees & Exchange Rates

Western Union: Western Union charges a fee for sending money, which varies based on the amount, destination, and payment method. The fees for faster transfers are usually higher. Additionally, Western Union converts the currency of the sender into the recipient’s currency using an exchange rate that may not always match the market rate. 

This can affect the amount of money received by the recipient. So, before sending money, it’s important to check Western Union’s website or use their online calculator to determine the applicable fees.

MoneyGram: Similarly, MoneyGram charges fees for sending money, and the fees depend on factors such as the amount sent, the destination, and the payment method. 

MoneyGram also uses an exchange rate when converting your currency into the currency of the recipient. The exchange rate may differ from the market rate and affect the final amount received by the recipient.

Read also: Remitly Vs Western Union.

Western Union Vs MoneyGram: Features & Functionality

Western Union: Western Union offers fast and reliable money transfers to more than 200 countries and territories within minutes. You can send money online, via their mobile app, or by visiting one of their many locations worldwide. 

It offers a variety of options for sending money, such as bank transfers, cash pickups, and mobile wallet deposits. Additionally, Western Union offers services such as bill payments and money orders. 

MoneyGram: With MoneyGram, you can also send money online, by mobile app, or by visiting one of their many agent locations worldwide. It offers fast transfers to over 200 countries and territories, as well as cash payments, direct deposits, and mobile wallet options. 

Additionally, MoneyGram offers bill payment services for utility bills, rent, and other expenses. Its user-friendly platform makes it simple for anyone to send or receive money securely. 

Suggested: Remitly Vs Xoom.

Western Union Vs MoneyGram: Speed Of Transfer

Western Union: Western Union is one of the quickest ways to send money internationally, allowing the money to reach the recipient within minutes. 

The speed of your transfer can vary depending on factors such as the destination and the payment method you choose. Generally, Western Union is known for providing fast service.

MoneyGram: Similarly to Western Union, MoneyGram helps you send money quickly to people across the globe. MoneyGram also allows you to transfer money within minutes. 

However, transfer speeds can vary depending on factors such as the destination and the payment method you choose.

Also take a look at Review Of Western Union.

Western Union Vs MoneyGram: Safety & Security

Western Union: To protect your money transfers, Western Union takes safety and security seriously. Your information is protected by encryption to prevent unauthorized access. Additionally, they have measures in place to detect and stop suspicious activity. 

Western Union maintains the privacy of your personal information and provides customer support to assist you if you have any concerns. 

MoneyGram: With MoneyGram, you can send money securely and safely. During transactions, they use robust encryption technology to protect your personal and financial information. 

Additionally, MoneyGram employs strict verification processes to prevent unauthorized access and fraud. A dedicated team monitors transactions continuously for suspicious behavior and responds promptly to any security concerns. 

Western Union Vs MoneyGram: Ease Of Use

Western Union: Western Union is a convenient way to send money to almost anywhere in the world. They offer online, mobile app, and in-store services. 

The recipient’s name and location are all you need to send money quickly and securely. Western Union makes it easy and convenient for you to send money to family and friends around the world.

MoneyGram: With MoneyGram, you can also send money easily. It offers several ways for your loved ones to receive money, including cash pickups, bank deposits, and direct transfers to mobile wallets. MoneyGram also accepts a variety of payment methods, including debit and credit cards.

Also read: WorldRemit Vs Remitly.

Western Union Vs MoneyGram: Pros & Cons

Western Union:


  • It offers cash pickup in a wider range of countries and locations.
  • Global Reach.
  • Credit card transfers are often cheaper.
  • A variety of ways to reach customer service.


  • Exchange rates markup.
  • Transfer Limits.



  • Customer reviews are slightly better.
  • Bank deposits may be processed faster in some cases.


  • The number of locations and countries is smaller than Western Union.
  • Credit card transfers are generally more expensive.


When comparing Western Union and MoneyGram, both offer global money transfer services. However, there are some differences to consider. The availability of Western Union agents worldwide makes it more accessible in many regions. 

On the other hand, MoneyGram may offer lower fees, making it a more affordable option for some users. Ultimately, deciding between Western Union and MoneyGram will depend on factors such as location, fee, and convenience. 

Suggested: Zelle Vs PayPal.


How much does MoneyGram charge to send $100?

The fee for sending $100 via MoneyGram is $5.

How much does Western Union charge to send $1000?

The cost of sending $1000 through Western Union ranges from $6.47 to $37.60.

Can I send $6000 through Western Union?

Yes, you can send $6000 through Western Union.

Can I send $3000 through MoneyGram?

Yes, MoneyGram allows you to send $3000 in most cases.