Sending or receiving money, paying bills, and transferring funds is easy with MoneyGram. They offer services online, through their mobile app, at retail locations, via account transfers, and more. But with any money transfer service, fees are involved. To estimate how much your transaction will cost, MoneyGram provides a handy fee calculator.
This article will explain how MoneyGram’s fee calculator works to estimate bill pay charges We’ll cover the key factors that impact your fees, walk through using the calculator, and provide tips to save on bill payments Read on to learn how to effectively use MoneyGram’s fee estimator tool.
Overview of MoneyGram’s Bill Pay Services
MoneyGram enables customers to pay bills to thousands of companies in the U.S You can make one-time or recurring payments on MoneyGram’s website or mobile app Billers available include utilities, cable/internet, insurance, loans, credit cards, and more.
To pay a bill you simply search for the company name enter your account number, and provide payment details. MoneyGram deducts the funds from your bank account, debit card, or credit card to send the payment.
While bill pay through MoneyGram is convenient, fees apply. The fee calculator lets you estimate the transaction cost ahead of time.
Key Factors That Determine Bill Pay Fees
When paying bills through MoneyGram, several factors impact the fees you’ll pay including:
- Payment method – Bank account transfers are cheapest, debit cards cost more, and credit cards are most expensive
- Payment amount – Larger bill payments incur higher fees
- Payment frequency – One-time payments are cheaper than recurring
- Expedited delivery – Faster payments cost extra
- Additional services – Add-ons like gift messages or charity donations increase fees
The fee calculator takes all these factors into account when providing an estimate. Fee amounts vary over time, but the calculator is updated regularly.
Using the MoneyGram Fee Calculator
MoneyGram’s easy fee estimator tool is accessible on their website. Follow these steps to use it:
- Go to MoneyGram’s website and click “Estimate Fees”
- Select whether you’re sending or paying a bill
- Choose the country you’re sending money from
- Enter the recipient’s country
- Select the payment method and amount
- Click “Continue” and enter any additional details like company name, expedited delivery, etc.
- Review the provided fee estimate
The calculator is quick and provides instant results. Be sure to play around with different payment methods and amounts to find the most cost-effective option.
You can also access the fee calculator within MoneyGram’s mobile app before initiating a transfer or bill payment.
Tips to Reduce Bill Pay Fees
While MoneyGram fees generally seem fair, any charges can add up. Use these tips to keep bill pay costs low:
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Always pay from a bank account when possible since it carries the lowest fees.
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Opt for standard delivery instead of expedited to avoid rush fees. Plan ahead and send payments early.
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Set up recurring payments to take advantage of lower rates compared to one-time transactions.
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Take advantage of any discounted or promotional MoneyGram rates when available.
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Pay larger bills in multiple smaller transactions to possibly qualify for lower fees. Compare scenarios in the calculator.
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If you need to pay immediately, look for lower fees by paying at a retail location versus online.
With some planning and smart decisions, you can keep MoneyGram bill pay affordable. Get fee estimates beforehand using their easy online calculator.
Frequency of Entities
- MoneyGram: 14
- Fee calculator: 10
- Bill pay: 9
- Payment method: 5
- Payment amount: 4
- Expedited delivery: 3
- Recurring payments: 3
- One-time payment: 2
- Additional services: 1
- Promotional rates: 1
- Retail location: 1
Domestic transfer fees with MoneyGram
MoneyGram domestic transfer fees may vary based on the receiver state, how the payment is to be received and how you want to pay.
Once again, let’s look at an example payment to show how this may work. You can also model your transfer and get a free no obligation quote instantly online or in the moneyGram app.
| Sending 500 USD within the US | Fee for payment to bank account | Fee for payment to debit card | Fee for payment to mobile number | Fee for payment for cash collection |
|---|---|---|---|---|
| Pay by bank debit card | 8.99 USD | 10.99 USD | 3.99 USD | 68.99 USD |
| Pay by credit card | 20.49 USD | Not available | Not available | 83.49 USD |
| Pay in cash | Variable based on send location | Variable based on send location | Variable based on send location | Variable based on send location |
Note: Fees correct at time of writing – 1st August 2023
Cost comparison: MoneyGram vs Western Union vs Wise
MoneyGram isn’t your only option. Shop around to make sure you get the best available deal. Many international money transfer companies have free no obligation estimator tools you can use to generate and compare quotes, making it easier than ever to find the best one for you.
To illustrate, lets take an example. In this case we’ll imagine you’re sending 500 USD to a friend in France. You’ll pay with a bank transfer and the money will be deposited to your recipient’s bank account in euros.
| Transfer fee | Total amount you pay | Exchange rate | Recipient gets | |
|---|---|---|---|---|
| MoneyGram | 1.99 USD | 501.99 USD | 1 USD = 0.9067 EUR | 453.34 EUR |
| Western Union | 0 USD | 500 USD | 1 USD = 0.897896 EUR | 448.95 EUR |
| Wise | 3.73 USD | 500 USD | 1 USD = 0.91085 EUR | 452.03 EUR |
*Fees correct at time of writing – 1st August 2023
As you can see, different providers have their own fee structures, and use very varied exchange rates too. Comparing a few is easy to do and can save you money.
Often you’ll find that choosing a provider which uses the mid-market exchange rate – like Wise – and splits out all the costs transparently⁴, can make it easier to compare, and may also work out cheaper in the end.
How to pay bills in MoneyGram app?
FAQ
How much does MoneyGram charge to send $100?
How much is the MoneyGram fee for $200?
How does MoneyGram bill pay work?
Does MoneyGram have transfer fees?
How do I pay MoneyGram online?
You can either pay with your credit or debit card or directly from your bank account. Fees vary depending on your chosen payment method. MoneyGram’s Money Transfer app enables you to move your money around the globe. Download the MoneyGram Online Money Transfer app for free on the App Store or Google Play.
How much money can I send with Moneygram?
Low maximum limits. When sending online with MoneyGram, your transfer is limited to $10,000 per transaction. There is also a $10,000 per month limit. In the US, you can send up to $15,000 per online transfer to 42 countries, depending on the sender’s bank account limits.
What are MoneyGram fees?
MoneyGram fees can include: The transfer fee is easy to see before you confirm your MoneyGram payment. This is often the smallest charge, although it’ll vary depending on whether you pay by bank transfer, card or cash. Credit card payments might be the costliest.
How do I transfer money from MoneyGram?
MoneyGram offers several ways to transfer money. Here’s a breakdown of the options: Sending channels: Online using MoneyGram’s website or mobile app, or in person at a MoneyGram agent location or kiosk. Payment options: Bank account, debit card or credit card when paying online — standard for many online providers.