It's simple. Alternative Financial Services (AFS) is our core business. We specialize in understanding the market for AFS and bringing our expertise to you through a full array of non-traditional banking solutions. As one of the fastest-growing global remittance companies, financial institutions, businesses, and consumers alike have trusted MoneyGram for 70 years to move money when it matters most. Now you can too.
AFS is now mainstream
Sometimes misconstrued as just for the "underserved" or "underbanked" we know the market for AFS is much broader. In fact, more than one in four households or 68 million adults, are either unbanked or underbanked, conducting some or all of their financial transactions through non-traditional banking solutions like MoneyGram. Additionally, about 25% of households, including all underbanked households and 64.9% of unbanked households, used AFS in the last year.* So whether customers are banked, underbanked — or just plain in a hurry — your financial institution can serve the growing demands of their everyday needs with MoneyGram.
Same Day money transfer: Funds will typically arrive for cash pickup 10 minutes after the transfer is sent. Transfers can be picked up at any MoneyGram location in the designated country, state or province. Subject to agent availability, hours of operation, and local regulations.
Account Deposit money transfer: Funds will be sent for deposit to the designated receiver's account
Pay with your U.S. bank account'
Economy money transfer: Funds will typically arrive for cash pickup 3 business days after the transfer is sent. Transfers can be picked up at any MoneyGram location in the designated country, state or province. Subject to agent availability, hours of operation, and local regulations.
Account Deposit money transfer: Funds will typically be released for transfer within three business days after the transfer is sent and deposited to the designated receiver's account
Transfer fees vary based on the service option and transfer amount. Prices are subject to change.
In addition to applicable Fees, MoneyGram also makes money when it changes your dollar to foreign currency. Currency is converted at an exchange rate set by MoneyGram or its Agents. Please see the terms and conditions or call MoneyGram at 1-800-MONEYGRAM for more information regarding currency exchange.
Payout in a currency other than EUR is available only at select agent locations and subject to availability of the currency at the time the transfer is picked up. Other Fees and Other Taxes may also be applicable.