The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Millions of people around the world trust MoneyGram, as the wired transfer system provides its customers with a reliable, fast and inexpensive service. Thousands of businesses count on MoneyGram for payment services to move money and drive commerce. This is a trust that MoneyGram takes very seriously. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.