The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Around the world, MoneyGram is working with leading financial institutions. At the heart of MoneyGram is trust and reliability of customers. You can quickly send and receive money, as money transfers usually come to the recipient within 10 minutes. 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.