Around the world, MoneyGram is working with leading financial institutions. Bank services of MoneyGram on money transfer are available only to individuals. MoneyGram The benefits of money transfers by MoneyGram: the opportunity to send a telegram with money transfer (up to 10 words) for free. The Global Funds Transfer segment is the primary segment of MoneyGram, providing money transfer and bill payment services to consumers, who are often unbanked or underbanked.