Western Union vs MoneyGram

Money-sending services can be a lifesaver. You may feel it’s unlikely you’ll ever be broke and stranded in a bus station in somewhere abroad, needing your spouse to send cash, but stranger things have happened – and not just when you’re traveling abroad, or you have a loved one abroad who needs some quick cash for an emergency? Maybe you’re a foreign worker and you want to send money back home. No matter what your reason is, you can easily send money even without having to go through your bank. You can use any money transfer service. Between Western Union vs MoneyGram for this purpose, which one is better?

Western Union
Western Union is the largest money transfer provider worldwide, covering over 200 countries and territories with more than 500,000 agent locations. The company plays to its two main advantages: breadth of countries served and transfer options to those countries. This network lets you send money that can be picked up as cash within minutes worldwide or choose cheaper options for slower delivery to bank accounts abroad. Western Union generally offers up to 10 options for sending money to a country, and fees and exchange rates vary by factors such as delivery option. With Western Union, you can choose between paying more for transfers that arrive in minutes or paying less for transfers that take several business days. Although cash pickup is one of Western Union’s specialties, the provider is more competitive for transfers delivered to bank accounts in developing countries. Either way, Western Union has the broadest agent network in the world, so you should be able to get your money sent near to where you want.

MoneyGram
MoneyGram is among the premier overseas money payment services in the world. Not only is it one of the oldest, it is also one of the trusted payment systems. You could make online money transfers, money transfers, money orders, bill payment services, and pre-paid services using MoneyGram. The MoneyGram rates depend on the location you are sending money from and its destination. Your money will be in safe hands while MoneyGram handles it. The State of New York and the Georgia Department of Banking and Finance license the company as a money transmitter. Evidently, these are respected industry regulators. After all, the company has won the hearts of many clients for over half a century. When you send money, it takes an average 10 minutes to reach your recipient. While you can use a debit card, MoneyGram credit card, and bank account transfers, some countries do not accept these options. However, your recipient can gain access to the money either in cash withdrawal, account deposit or home delivery.

Western UnionMoneyGram
- Western Union is the largest money transfer provider worldwide, covering over 200 countries and territories with more than 500,000 agent locations- MoneyGram is among the premier overseas money payment services in the world
- This network lets you send money that can be picked up as cash within minutes worldwide- You could make online money transfers, money transfers, money orders, bill payment services, and pre-paid services using MoneyGram
- Western Union, you can choose between paying more for transfers that arrive in minutes or paying less for transfers that take several business days- One of their agent is Walmart and Walmart is not everywhere

Conclusion
Both MoneyGram and Western Union are suitable to send money to family and friends abroad instantly, But obviously Western Union is the winner of this service. Western Union is the most popular one. They have more agents thoughout united States. Their agent can be a grocery store, supermarket which are easily accessible and usually we can find them very close to us. They also have more options for sending money such as in minutes, next day, only transfer. While MoneyGram is less popular but provide the same service. They usually have less options. They do not have many locations around. One of their agent is Walmart and and you know that Walmart is not everywhere.

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