Money Transfer FAQs

Money transfers send money electronically between two participants. They’re faster than bank transfers, and can be sent anywhere in the world that MoneyGram services are offered.

Visit a Speedy Cash location with valid identification and pay for your money transfer. You'll receive a reference number, which you'll need to provide to the person receiving the money transfer. The recipient can then pick up the money at any Speedy Cash location, or anywhere MoneyGram services are offered, but must provide the reference number and have a valid ID.

 Yes. Speedy Cash can issue a money transfer and apply them to your bills, or you may apply the funds as payment toward a Speedy Cash loan. To pay a bill through our money transfer servicer, Moneygram, all you have to do is come to one of our stores and complete an express payment form with the recipient's name. For utility or credit card payments, your account number is needed to forward the funds. Once we process it for you, the recipient will receive money within minutes.

Funds transferred through MoneyGram are usually available within 10 minutes, subject to compliance with regulatory requirements.

You can send or receive up to $10,000 in one transaction or up to $20,000 in one day.**

*Timing of funds subject to agent operating hours and compliance with regulatory requirements. **Restrictions may apply depending on location. There is no charge to receive a money transfer, and you don’t even need a checking account.

Fees depend on how fast your money transfer is being sent, and where you’re sending it to. No fees are associated for money transfers going to a Coinme or G-Coin wallet. If you choose to send a $1,000 money transfer within the U.S., the fee is $25 for a 10-minute service. No fees will be applied to those simply receiving a money transfer. If you choose to load your funds onto a different prepaid card, there may be a small fee of $3.95 applied.

Most Speedy Cash stores accept cash to complete their money transfers.

No checking accounts are required to initiate or receive a money transfer.

Money can be picked up anywhere MoneyGram services are offered around the world.

No. If the country you’re sending the money to allows for more than one currency, only the sender can select the currency in which the money can be received.

Use the our locations tool to find the store nearest you.

Money transfers are generally a safe and secure way to send money. We require both the sender and the receiver to provide ID, and the receiver to provide the unique reference number. The Federal Trade Commission strongly advises against sending money transfers to people or entities claiming you won a cash prize, telemarketers, or anyone you haven’t met in person.