The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. In due time MoneyGram separated from the Western Union and became an independent brand. How to send money via MoneyGram money transfer? To make up a money transfer you should go to the MoneyGram agents and fill the application form for transfer. As part of the 2008 Recapitalization, our wholly owned subsidiary, MoneyGram Payment Systems Worldwide, Inc., issued Goldman Sachs $500.0 million of senior secured second lien notes with a 10-year maturity. In whatever part of the world you are, you can trust your money transfer to the company MoneyGram.