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      May 26, 2019

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Western Union vs Money Gram

To help you find the Best Money Transfers, provides you with an in-depth comparison of Western Union and Money Gram.

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Send Money With Xoom Today! It's a fact that emergencies sometimes arise when you least expect them. If you have a friend or relative. that needs some financial assistance, it's good to know the best way to transfer your money.

Many money transfer services allow customers to send funds online, and have that payment directed to another back account or a money pickup location across the globe. This easy money transfer provides a tremendous amount of convenience, and saves the hassle of searching for and driving to a money transfer location where you may not feel entirely safe.

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Money Transfer Reviews

4 stars
Western Union



Starts at $5.00 for 6 day transfer

For more than 160 years, Western Union has helped people stay in touch. First, Western Union provided telegraph service, allowing customers to send messages to one another. Since then, Western Union has grown into one of the world's largest financial services companies, offering a variety of services. Western Union customers can pay bills online, purchase money orders, send and receive money, and purchase prepaid gift cards.

Although Western Union now boasts more than 486,000 locations worldwide, many of the services offered can be carried out using a computer or a mobile phone. In fact, by using a free mobile app provided by Western Union, you can send money right from your Smartphone. For those uncomfortable with 21st century technology, Western Union also allows users to call in money transfers or visit Western Union locations to make these transactions.

Money can be wired and picked up at a Western Union location, be delivered to a residence, be transferred into a bank account, or be transferred into a mobile wallet. All of these options can be paid for by the sender using cash, a credit card or by providing bank account numbers.

Prices for Western Union services vary based on a variety of factors including the locations the money is being sent from, the speed at which it is received, where the money is delivered to, and other factors. Western Union advertises that fees begin at $5 per transfer. However, the $5 fee only seems to cover a transfer of funds that can take up to six days.

Western Union's website lets the user go through the many options and figure out which ones work best for the budget. Rates will be higher for quicker transfers and for transfers to more remote locations.

Western Union's website is easy to use but has a couple of failings. First, it does not have a currency conversion calculator for transfers between countries, so you cannot view Western Union's conversion rate. Second, it does not seem to offer any method to track receipt of the money by the intended receiver.

If you want to send money to someone, Western Union has a long history of being a company you can rely on. They are worth your consideration.

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1 star
Money Gram



Starts at $15.00

Money Gram, a global money transfer company, allows you to transfer to money to a variety of cash pick-up locations throughout the globe.

Money Gram has more than 275,000 pick-up locations in 190 countries around the world. Many are other independent businesses that Money Gram has contractual agreements with. For instance, a few of those locations in which you can pick up Money Gram money transfers include CVS and Advance America.

Money Gram advertises that money can be transferred in minutes by paying with a credit or debit card. It also advertises an economy service in which money can be transferred directly from your bank account within three days. In addition to money transfer services, Money Gram has prepaid cards available for purchase and offers a bill payment service.

For money transfer transactions, the Money Gram website is easy to use. However, their fees are higher than their competitors. This applies to both their economy service and same day transfers. For example, transferring $500 to the United Kingdom from the U.S. using their same day transfer costs $31.00 U.S. dollars. Using Money Gram's economy service would cost $15 U.S. dollars. Compare this to $4.99 charged by one of Money Gram's competitors.

In recent years, Money Gram has had numerous legal problems. In 2012, Money Gram got charged by the U.S. Department of Justice for money laundering and wire fraud. In fact, the Department of Justice noted that the corporate culture of Money Gram not only ignored issues at contract outlets suspected of money laundering, but the company actually rewarded the owners of such outlets. Money Gram had to pay out more than $100 million to its victims in 2012. As a result of the 2012 settlement, Money Gram has agreed to have an independent corporate monitor for the next 5 years who will report directly to the Department of Justice.

In 2009, Money Gram had been in trouble with the Federal Trade Commission for similar allegations of fraud and had to pay out $18 million to victims.

While money transfer companies are known to be used for various scams, Money Gram's legal problems and illegal activity originated within the company itself which makes it the least desirable money transfer company to do business with.

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Continued from above

Online money transfers can be made from the convenience of a computer, using a credit card, debt card or bank account information. The money is then sent immediately to whomever you wish, for a fee. The fees for this service vary depending on the recipient country, currency and more.

However, not all money transfer companies are the same. In fact, some money transfer services are definitely worth avoiding. Before you send money online, you should consider the following:

  • Location. Will the money transfer service work with the bank you want to send to? If not, where can you send your money so that it can be picked up?
  • Cost. What are the fees involved with the money transfer? How fast can your money be moved? How does that compare to the competition?
  • Reputation. Does the money transfer service have a strong reputation in the marketplace? has reviewed and ranked the best money transfer services available today. We hope these reviews help you send money safely right away!

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