Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. How to send money via MoneyGram money transfer? To make up a money transfer you should go to the MoneyGram agents and fill the application form for transfer. 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. Bank services of MoneyGram on money transfer are available only to individuals. The benefits of money transfers by MoneyGram: simplicity in making up. MoneyGram company operates around the clock and all 7 days a week, so the time of money transfer takes only 10 minutes.