Q:

What is a Moneygram exchange rate calculator?

A:

Quick Answer

The MoneyGram exchange rate calculator, or estimator, calculates the exchange rate for different currencies in countries where MoneyGram provides services. Individuals may also select the box to subtract MoneyGram fees from the amount sent in the exchange rate, according to the company website.

 Know More

Full Answer

To use the exchange rate calculator on the MoneyGram website, a customer must use the drop down menu to select which country the money is sent from, the original currency and the destination country. The customer then enters the amount of money being sent and the calculator converts this amount into the currency of the destination country. The customer can then tell the recipient how much money is being sent. Alternatively, customers can determine how much money they need to send to recipients by selecting Receive Amount from the drop down menu.

If the customer is sending money to one of the select countries that distributes more than one type of currency, the sender must select which currency the recipient will receive, according to MoneyGram. The recipient may not change this option. If the destination country offers this option, the estimator will allow the customer to select from the available currencies.

MoneyGram allows customers to send money using a Visa, MasterCard or AHC bank account debit. Recipients may pick up the money from their local MoneyGram location. MoneyGram does transfer money directly to bank accounts in Mexico.

Learn more about Financial Calculations

Related Questions

  • Q:

    What is MoneyGram?

    A:

    MoneyGram describes itself as an international company whose main service is money transfers. MoneyGram services also include money orders, prepaid cards, bill payment services, money transfers to inmates and government payments.

    Full Answer >
    Filed Under:
  • Q:

    How do you receive a MoneyGram?

    A:

    To receive funds at MoneyGram, go to a MoneyGram location with your reference number and personal identification documents. You have to fill out a receiver form and hand it over to a MoneyGram agent, according to MoneyGram.com. The agent will then give you your money.

    Full Answer >
    Filed Under:
  • Q:

    How can someone track a MoneyGram?

    A:

    A MoneyGram money order can be tracked by calling the company at 800-542-3590. The automated system requests the order number and dollar amount of the money order. If the intended recipient says he has not received the money order after 2 weeks, the sender may request a copy of the order or a refund.

    Full Answer >
  • Q:

    What is a Walmart MoneyGram?

    A:

    According to Walmart, MoneyGram is a money transfer service that allows people to send money from any Walmart store or online to another Walmart store. Since Walmarts are located all over the United States, MoneyGram makes it easy to find a convenient location for the recipient.

    Full Answer >
    Filed Under:

Explore