Money transfers. MoneyGram, Western Union, CONTACT and other payment systems

MoneyGram is a system of urgent money transfers around the world without a bank account. The company operates through the networks of the largest financial institutions, such as the Royal Mail of Great Britain, the Post of Italy, the Bank of Ireland, Kocbank, Banco Popular Espanol, Finansbank, etc. MoneyGram remittances are carried out across all CIS countries - through 13,500 service points.

The Essence

To date, there are many ways to send money to another country or city. These operations are especially convenient for individuals, since they are carried out without opening an account. There are several payment systems on the market. One of them is MoneyGram. Customers of the company are serviced through 327 000 points in 200 countries of the world. So there are no problems with finding branches.

How to send money?

Where can I use the services of MoneyGram (money orders)? Addresses of service points in Russia can be found at the addresses of banks. Money transfers through MoneyGram system are carried out by large and regional financial institutions, such as: Sberbank of Russia, ZAO Raiffeisenbank, Bank Dalnevostochnoe OVK, OJSC Bank Stela-Bank, JSCB Investtorgbank, Bank Uralsib , Moskomprivatbank, Russian Standard Bank, SvyazBank, etc. The client needs to provide a passport or other identity document, the agent will issue an application form and complete it: specify the name of the recipient and the sender, the amount The next step is to make money, pay the commission, get s application number and report it to the recipient.

How to receive the money?

• Learn the sender's tracking number of the transfer.
• Contact the service center.
• Provide the operator with a passport and transfer number.
• Fill in the form.
• Get money.

MoneyGram: money transfers. Rates

The transaction fee depends on the currency and the country of destination. But the average varies within 3-5% of the amount. The table below presents a condensed list of tariffs.

The maximum amount of one transfer is limited to 10 thousand dollars and 7,5 thousand euros. For one operation day, you can send no more than two transfers.

System Benefits

• A small commission: 3-5% of the transaction amount.
• The money transfer system MoneyGram has a large number of service points, working on different schedules.
• The transfer is made in dollars or euros. But when you receive funds, you can convert the currency into the desired currency at the rate of the agent bank. Payment is made in cash.
• The average translation speed is 10 minutes. But due to the difference in time zones, it can increase by several hours.
• Active users of the Internet through MoneyGram can replenish the electronic purse WebMoney. The funds are credited to the account within 24 hours. Residents of some regions even have the opportunity to send money via the Internet from a card account.
• The established limits of the system often exceed state restrictions on remittances.
• Lack of address binding. Translation can be obtained through any service point.
• The opportunity, together with the means to send a free telegram of 10 words.
• MoneyGram money transfers are available for receipt within 90 days.
• The commission is paid by the sender.
• Secure transaction system, which is used for money transfer MoneyGram.

Where can I get unclaimed funds?

If the client canceled the operation, you can withdraw the transfer. To do this, within 45 days, you need to contact the office and write a statement. Based on this document, a new payment number will be issued, according to which it will be possible to receive funds.

Disadvantages of the system

• The sender must indicate the currency of the MoneyGram issue at the time of request formation.
• Money transfers can only be received by individuals.
• To receive a transfer in a currency other than the dollar and euro, you will have to pay for the conversion.

Western Union

Another leader in the urgent transfer market began its work in 1851. Customers of the payment system are serviced in more than 300 thousand points around the world. Just like MoneyGram, Western Union money transfers are available for receipt 10 minutes after the departure. This system has its own nuances:

• You can send money in local currency.
• Transfers in euros are available only in EU countries.
• Address delivery is not available, that is, you can receive funds at any point of issue.
• The transfer fee is fixed in rubles and on average is 5-10% of the amount.

The process of processing an application for receiving and issuing funds is the same as in the case of MoneyGram. Money transfers Sberbank or any other agent of the system accepts and issues only when the client personally contacts the office and if there is a passport. For each translation an application is made, which indicates the name, surname and patronymic. The country and city of delivery, the amount and currency of the transaction.

CONTACT

Another large system that deals with international transfers has existed on the Russian market since 1999. Customers are serviced through 400 thousand points in 170 countries. MoneyGram money transfers are available only to individuals. That is, neither the sender nor the payee can be a legal entity. CONTACT system transfers to accounts of commercial banks, enterprises, insurance companies, providers, mobile operators, etc. The maximum amount is limited:

• Within Russia - 500 thousand rubles. / 10 thousand USD / EUR.
• In the countries of the near abroad: 350 thousand rubles. / 10 thousand USD / EUR.
• To the far abroad countries: depends on the legislation of the recipient country.

To send a transfer, you need:

• Present a passport or a document certifying the right to stay in the Russian Federation;
• Inform the amount of transfer, name, surname The recipient and the address of the issuing point;
• Sign the application form;
• To make an amount taking into account the commission;
• Save the transfer code.

To receive a transfer, you must:

• Present a passport or other document with a photo and initials;
• Inform the transfer code.

The funds are available for withdrawal in 15 minutes after the application is processed. You can get money from any partner bank. In 30 days after the registration of the application, the unclaimed transfer is returned to the sender's account. The transfer fee is from 1.5% for payments in rubles and from 3% for transactions in foreign currency.

"Unistream"

This money transfer system operates in 95 countries and carries out transactions without opening an account. An additional advantage for users of the system in Russia is the ability to replenish electronic purses of "Yandex.Money" and Webmoney. Tariffs depend on the recipient's country. Inside the Russian Federation and abroad payment reaches 10 minutes. The funds are available for withdrawal within one month. Then they return to the sender's account. You can receive money at the same bank or any other credit institution that cooperates with the payment system.

"Gold Crown"

Another system of international transfers, which is more focused on the CIS countries. The funds are transferred without opening an account for 0.5-1.5% of the transfer amount and are available for withdrawal instantly.

Limits are established depending on the legislation of the country. The maximum amount of transfer in Russia is 600 thousand rubles, 20 thousand dollars, 15 thousand euros. There is also a daily restriction: within 24 hours the resident can send to another country not more than 5 thousand dollars. The principle of operation is standard. For registration of the application it is necessary to specify the name. Recipient, city, country and amount. It remains to pay the transfer and the transaction code to inform the recipient.

"Blitz"

Sberbank has developed its own system of transfers, through which it is possible to make payments through the territory of the Russian Federation, as well as to the CIS countries. "Blitz" operates without opening an account and is available only for individuals. The commission for the transfer of funds within the country is 1.5%. This is more than the international payment systems. Limit on the application - 0.5 million rubles. For an additional 10 rubles. You can order the service of informing the recipient about the translation.

Where is cheaper?

Tariffs for the transfer of funds to countries in Europe, the United States and Canada are higher than those for intra-state operations. On average, the commission of international systems varies between 3-11%. WesternUnion, MoneyGram are leaders in the market not only in terms of the cost of services, but also in terms of the number of service points.

There is a general rule that applies to all transactions: the larger the amount, the less the commission. This is especially true for local banking systems.

Do not forget about restrictions. Limits established by payment systems often exceed domestic ones. For example, in Ukraine, you can send only 50 thousand UAH without problems. To send large amounts, you need to open an account with the bank and indicate the source of the funds' origin. For non-residents, in the framework of any transaction, more stringent restrictions apply.

Most systems charge only from the sender. But there are those who charge a commission from all participants of the transaction. MoneyGram money transfers are addressless. This only increases the attractiveness of the system. The recipient can receive money through any agent.