The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Wired money transfer system MoneyGram is no longer new to us. According to statistics, every 4th person knows about it, or at least heard. Since going public two and a half years ago, MoneyGram has made great strides by pouring energy and resources into several critically important areas for business. Around the world, MoneyGram is working with leading financial institutions. MoneyGram's consumers and agents expect reliability and safety and that is precisely what MoneyGram continues to deliver, transaction by transaction. Bank services of MoneyGram on money transfer are available only to individuals. In March 2012, the company MoneyGram merged with the network of U.S. payment centers ZipZap.