Instant Money Transfer Service
Have you transferred money overseas, who did you use and how was the service? MoneyGram International is a result of two business merging. One company, Minneapolis-based Travelers Express Co. Inc. was founded in 1940 and became the world’s largest processor of money orders and a major player in the electronic payments industry. The other company that helped create MoneyGram International was Denver-based Integrated Payment Systems Inc., which entered the international money transfer business in 1988.
MoneyGram is an instant money transfer service, comprising 180,000 agent locations in 190 countries (over 7000 agent locations in CIS countries). Presently MoneyGram is the world’s leader concerning rate of growth of quantity of money transfers between individuals as well as its international service network development. A money transfer, sent using MoneyGram is available in any place of the world. The transfer takes a maximum of ten minutes, and the recipient must be able to provide identification or answer a security question correctly in order to receive access to the money. MoneyGram lets you send and receive money around the world quickly, securely and conveniently in a few minutes.
To pick up a money transfer, which is sent using the international money transfer system MoneyGram you have to :
- Have a passport or any other ID document about.
- Know (for control) the code of the money transfer, name of the sender, amount of the money transfer and the country it was sent from (the sender provides with the data).
- Fill out an application to pick up a money transfer.
To send a money transfer using the international money transfer system MoneyGram you have to :
- Have a passport or any other ID document about.
- Mention the name of the receiver and the destination country (the list of banks where a money transfer can be picked up is provided by the MoneyGram clerk).
- Fill out an application to send a money transfer.
- Pay the transfer fee.
How it work, The sender fills in a form with his and the recipient’s personal information at FOREX Bank and receives a receipt with a reference number. The recipient goes to one of MoneyGram’s many agents around the world, fills in a form to receive money, presents an ID card and then receives his money. In the case of most transactions the money can be taken out as soon as 10 minutes later.
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