The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. If you need to cancel or change a transaction, then you should contact by telephone with the MoneyGram branch agent, made the transaction for you. In the city of San Salvador representatives of MoneyGram and Citibank announced a new regional project, which will provide money transfer services in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. 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. Using the MoneyGram system, you can easily send money to your relatives and friends in other countries. MoneyGram Millions of families depend on MoneyGram to safely send money home or pay the bills.