The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Very intensive and focused approach has helped MoneyGram to grow business at a rapid pace and establish MoneyGram as a global player in the marketplace. The benefits of money transfers by MoneyGram: the payment of transfers is made in cash. Bank services of MoneyGram on money transfer are available only to individuals. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.