The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. The greatest increases in Millions of people around the world trust MoneyGram, as the wired transfer system provides its customers with a reliable, fast and inexpensive service. 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. 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.