The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. MoneyGram International, Inc. - The U.S. financial company engaged in operations in the international financial markets since 1940. Keep in mind that if your locality there are several banks, working with MoneyGram and you will convert the currency received, before receiving check currency rates in several points - they can vary. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.