MoneyGram Exchange Rate

How to send money with MoneyGram

MoneyGram also offers the ability to track and monitor the status of your money transfer.

You can send MoneyGram via access bank,First Bank, Diamond Bank,Zenith Bank in addition to other Nigerian banks, offering the service.

Just visit any of these banks and fill out a form to send funds abroad.

MoneyGram Fees for Sending Money

To send 1000 usd via MoneyGram, you will be charged a fee of $5 when you pay through your bank account.Paying with your credit card will attract a fee of 30 usd. However, the receiver gets to pay no charge.

Sending 1000 pound attracts a fee of 6.5 pound while sending 1000 Euro will cost you 6 Euro in fees.

The above estimate is given for direct payment into bank account. Cash Pickup at agent's location is usually higher and attracts a fee of $19 usd when sending 1000usd.

The Moneygram Cash Agents are found in nearly all the banks in Nigeria.

How to receive money using MoneyGram.

You don't need to do anything.The money will be automatically sent to your back account unless the sender indicated Cash Payout.

The following applies if you prefer to receive Cash in person;

Find a  MoneyGram agent location in Nigeria.This is usually a bank. If required, complete a simple receive form entering the reference number given to you by the sender.

Hand the completed form and your valid photo I.D. to the agent to receive your money.

Benefits of Sending Money Via MoneyGram

Pros

• It is a simple, fast and secure process
• It supports multiple currencies
• There are no hidden fees
• You can send and receive in Nigeria
• Multiple transfer and pick up options.You can send funds using cash or a debit card, credit card,or from your bank account.You can also send online ,over the phone or by visiting a branch. There are also several ways in which your recipient can access the funds you send.

Cons

• Maximum transfer amount is about 6,000 dollars. The maximum amount you can send online with MoneyGram for other currencies is stated above

About MoneyGram Exchange

MoneyGram is a global provider of international money transfers in the world, available in 200 countries and with over 350,000 agent locations worldwide established by the trust of many customers.

Its innovative money transfer services can be done either online, or through a mobile device, a kiosk, local stores and respective banks. This makes it quick, easy and affordable for consumers to send and receive money overseas.

Here in Nigeria you can send and receive money through MoneyGram. The exchange rate you will be charged will depend on the prevailing market rates. This page provides the latest MoneyGram Naira Exchange Rate on a daily basis.

See Current MoneyGram Rates above.