Both MoneyGram and Moneycorp are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
MoneyGram | Moneycorp | |
Homepage | ![]() | ![]() |
Transfer Fee | Depends on the location, the sending amount, and the payment method. Can be as low as $0-$15 and as high as $100. | No fee for online transfers £15 for transfers over the phone. |
Average Exchange Rate Markup | 1% to 5% | 1% – 2% |
Minimum Transfer Amount | £50 | 50 |
Maximum Transfer Amount | $10,000 per online transfer for most countries (with a $10,000 as a monthly cap) $25,000 for online transfers to 42 select countries from the US. | £100,000 (or currency equivalent) for online transfers. No limit for transfers over the phone. |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
MoneyGram | Moneycorp | |
Trustpilot Rating | 4.5 | 4.3 |
Number of Trustpilot Reviews | 34,800 | 6,300 |
iOS App Rating | 4.9 | 2.1 |
Number of iOS App Reviews | 422,000 | 120 |
Android App Rating | 4.6 | N/A |
Number of Android App Reviews | 88,000 | N/A |
Features
MoneyGram | Moneycorp | |
App Transfers | Yes | Yes |
Online Transfers | Yes | Yes |
Phone Transfers | No | Yes |
In-person Transfers | Yes | No |
Available Countries | 200 | 190 |
Number of Currencies | 60 | 35 |
Payment Methods | Bank account Debit card Credit card Cash | Bank account Debit card Check |
Receiving Methods | Online wallet Bank account Cash pickup Home delivery | Bank account |
Cash Pickup Option | Yes | No |
Payments Flexibility | Web platform Mobile app In person | Web platform Mobile app Phone |
Supported Languages | English, Spanish, French, German, Italian, Portuguese, Danish, Norwegian, Arabic, Russian, Ukrainian, Japanese, Czech, Turkish, Hungarian, Polish, Romanian, Indonesian, Thai, Korean, Malaysian, and Chinese | English, Portuguese, French, Romanian, and Spanish |
Transfer Speed | Within minutes (cash transfers) 1-3 days (bank and debit card transfers) | 1-2 days |
Dedicated Dealer | No | Yes |
Instant Custom Quote | Yes | No |
Business Features | N/A | Spot contracts Forwards contracts Market orders Limit orders Stop-loss orders Recurring transfers Vanilla options Zero-cost options Rate alerts |
Debit Card | None | None |
Cancellation Policy | Cancellations are possible as long as the money hasn’t been claimed by the recipient. | Each individual transfer’s cancellation can be discussed upon contacting a Moneycorp representative. Generally, most transfers that haven’t been completed can be canceled and refunded. |
Suitability | Small money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
MoneyGram | Moneycorp | |
Year Founded | 1940 | 1979 |
Headquarters | Dallas, TX, US | London, UK |
Other Office Locations | Denver (Colorado, US), Minneapolis (Minnesota, US), Brussels (Belgium), São Paulo (Brazil), Vancouver (Canada), Shanghai (China), Hong Kong (China), Mumbai (India), Jakarta (Indonesia), Dublin (Ireland), Rome (Italy), Mexico City (Mexico), Warsaw (Poland), Singapore, Madrid (Spain), Istanbul (Turkey), and London (UK) | Dublin (Ireland), Toronto (Canada), Gibraltar, Madrid, Costa Blanca, and Costa Del Sol (Spain), Bucharest (Romania), Dubai (UAE), Washington DC, Orlando, and Providence (USA), Hong Kong, and São Paulo (Brazil) |
Annual Trading Volume | N/A | £38 billion |
Number of Employees | 2500 | 900 |
Number of Clients | 150 million | N/A |
Regulatory Institutions | New York State Department of Financial Services in the USA FINTRAC in Canada FCA and HMRC in the UK National Bank of Belgium in EU | FinCEN and the Federal Reserve Bank of New York in the USA FINTRAC in Canada FCA and the HMRC in the UK Dubai Financial Services Authority in UAE Central Bank of Brazil in Brazil Central Bank of Ireland in Ireland CED in Hong Kong GFSC in Gibraltar |
Awards | Best Cash Innovation and Best Comeback Story (PYMNTS Innovator Awards, 2016 and 2017) Technology Innovation Award (Asian Bankers, 2017) Money Transfer Awards (Mobex Africa Innovation, 2018) Top 100 Places to Work (The Dallas Morning News, 2021) Top Workplaces USA Award (Top Workplaces, 2022) Best Use of Blockchain in FinTech (FinTech Breakthrough Awards, 2023) | Travel Money Provider of the Year (Moneyfacts Consumer Awards, 2015,2016) Top Track 250 (The Sunday Times, 2017) Gold Trusted Service Award (Feefo, 2018, 2019) Best Money Transfer Service Provider (The World Banking Awards, 2019) Platinum Trusted Service Award for consistently delivering excellence (Feefo, 2020) Money Transfer Provider of the Year (MoneyAge Awards, 2019, shortlisted in 2020) Best Cross-Border Payments Service (Payment Awards, shortlisted in 2020) Best Cross-Border Payments Infrastructure (Payment Awards, shortlisted in 2020) Foreign Exchange Services finalist (The Private Equity Service Provider Awards, 2020) |
MoneyGram Pros & Cons
MoneyGram Pros
- A vast range of payment methods
- Outstanding customer support
- Impressive rating on Trustpilot
- Diverse options for receiving funds
- Availability of cash pickup
- Extensive global presence, covering over 200 countries and territories
- Robust currency portfolio including 58 different major currencies
- A top-rated mobile application
- Extensive industry experience
- Swift money transfer services
- Loyalty rewards program
MoneyGram Cons
- Less ideal for handling large financial transfers
- Limited maximum transfer amounts
- A possibility of substantial transfer fees
- Above-average exchange rate markups
- Lack of hedging options for businesses
Moneycorp Pros & Cons
Moneycorp Pros
- Exceptional customer support
- Respectable Trustpilot rating
- Zero fees for transfers conducted online
- Unlimited transfer amounts for phone transactions
- Operational in more than 190 nations worldwide
- Impressive range of supported currencies
- In-depth local expertise
- Decades of industry experience
- Speedy money transfers
- Broad array of features for businesses
- Multilingual services
- Robust regulatory compliance
Moneycorp Cons
- Limited funding methods
- Lack of support for less-common currencies
- No option for instant personalized quotes
Top Rated Money Transfer Service
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