MoneyGram is the greatest rival of Western Union in international money transfer service. It is the world’s second largest remittance company that operates in more than 200 countries around the world. With over 350,000 agent locations spread worldwide, it promises fast and reliable sending and receiving money across the globe.
Most Overseas Filipino Workers use MoneyGram remittance service to send hard-earned money to the loved ones in the Philippines. The type of money transfer mostly chosen is through a personal cash pick-up to any local agents in the country. However, remittances can also automatically be deposited in the local bank accounts including Bank of Commerce, BDO, BPI and Metrobank.
How to Send Money
Sending money though MoneyGram is easy, fast and reliable. You just need the cash, ID and recipient’s full name and location.
- Go to the nearest MoneyGram agent.
- Complete the send form.
- Contact the recipient and give the reference number.
How to Receive Money
As fast as sending, so does receiving the money in the Philippines through MoneyGram. If the money is transferred through a personal cash pick-up in any MoneyGram local agent, follow the steps below.
- Visit the nearest MoneyGram agent.
- Complete the receive form. Make sure to enter the correct reference number, sender’s full name and county origin if specified.
- Submit the form with your valid ID and wait for your money.
MoneyGram Agents Philippines
For personal cash pick-up:
- Cebuana Lhuillier
- M Lhuillier
- Palawan Pawnshop
- RD Pawnshop
Available banks for MoneyGram remittance direct deposit:
- Bank of Commerce
For an easy search of locations, you can go to the MoneyGram Agent Locator.
MoneyGram Rates Philippines
How much does it cost to send $1000 from USA to Philippines? There is no precise answer to this but the transfer estimate cost is USD 19.99. The MoneyGram website provides many options including this MoneyGram Transfer Cost Estimate Calculator that provide and estimate transaction fee of a principal amount. At the same time, if you want to send money from Philippines to someone outside the county through MoneyGram, you can check the rates at same estimate calculator.