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You can either download the MoneyGram app or go to, or you can visit a physical MoneyGram location these are called “MoneyGram agents”. MoneyGram is pretty easy to use, which is part of its appeal. In essence, think of MoneyGram as a cash transfer service that lets you send or take out cold hard dollars whenever you need it. Because you don’t need a bank account or credit or debit card, you can send and receive cash without having to go through these bureaucratic hurdles. This is great if you’re an immigrant and want to send money to your family back home or vice versa. MoneyGram and similar transfer services are useful because they normally get funds into the required account very quickly rather than waiting for several business days as most bank transfers do.Īdditionally, MoneyGram allows you to send and receive money without a bank account. You can also do the reverse and use MoneyGram to send cash to those who need it quickly. For instance, if you’re ever stranded in an unfamiliar city and have your wallet stolen you can use MoneyGram to have a family member wire you some quick cash so you can purchase a plane ticket home. Why Use MoneyGram?Ī money transfer service like MoneyGram is around whenever you need to send quick cash or receive a quick payment from somebody. All in all, there are around 350,000 locations around the world in which you can use MoneyGram to send or receive money. MoneyGram doesn’t have physical stores for its own company but they do have a physical presence in many pharmacies and other stores, like supermarkets. For this reason, it’s a popular service for those who receive most of their payment by cash and who may not want to deposit that cash into a bank account after every payday. MoneyGram is different from a regular bank because they let people transfer money or make bill payments without having a bank account. They’re versatile and a big name in the money transfer market. As the Internet has progressed and grown, so has MoneyGram, so now they offer mobile phone payments and money orders, and even allow the loading of cash onto prepaid cards. Since 2004, MoneyGram has been an independent company and offered online and in-person money transfer services. This company was a huge player in the world of electronic payment processing and money orders. Monogram actually started with a different name: Travelers Express Co. In a nutshell, MoneyGram is a money transfer service roughly similar to PayPal, although it’s much older and it has physical locations while PayPal only lets you transfer money via the Internet. Other times, it’s you who needs saving and who’s calling your mom or dad for a quick cash infusion so you can stay on Spring Break! When these times come around, it’s money transfer services like MoneyGram that let you get the cash you need without having to jump through all the hoops at a regular bank. Sometimes you need to send money in a pinch.