When sending the transfer via MoneyGram in one currency and receiving it in another, then currency conversion is carried out at the current rate of sales of current service point. Since going public two and a half years ago, MoneyGram has made great strides by pouring energy and resources into several critically important areas for business. Technology continues to play a key role in increasing MoneyGram transaction speed, automating and streamlining processes, and creating new functionality. Bank services of MoneyGram on money transfer are available only to individuals. MoneyGram FormFreeSM phone-based offering allows businesses to reduce labor costs and create an excellent consumer experience by leveraging MoneyGram Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. The benefits of money transfers by MoneyGram: the opportunity to send a telegram with money transfer (up to 10 words) for free. Keep in mind that if your locality there are several banks, working with MoneyGram and you will convert the currency received, before receiving check currency rates in several points - they can vary. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.