MoneyGram vs Monzo - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like MoneyGram and Monzo have emerged as leading choices. Both MoneyGram and Monzo online platforms offer efficient and cost-effective and secure international money transfers from MoneyGram and Monzo.

We compare MoneyGram vs Monzo into the unique features and benefits that distinguish MoneyGram vs Monzo, empowering you to make an informed decision based on your specific transfer needs like MoneyGram vs Monzo fees, currencies available, available payment methods on MoneyGram compared to Monzo, support options offered by MoneyGram vs Monzo, speed and more.

MoneyGram vs Monzo: Quick Feature Comparison

  1. Visit MoneyGram alternative MoneyGram Visit MoneyGram

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 1.99$
    Payment Methods: Bank transfer, debit/credit card, cash
    iOS App : yes, Android App : yes

    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1940

  2. Visit MoneyGram alternative Monzo Visit Monzo

    Used By: 5,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, phone contact
    iOS App : yes, Android App : yes

    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

MoneyGram vs Monzo: Pros and Cons

MoneyGram vs Monzo

MoneyGram Advantages Monzo Advantages
  • MoneyGram has been serving clients for over 84 years
  • MoneyGram is available internationally.
  • MoneyGram has multiple currency options.
  • MoneyGram provides phone customer support.
  • MoneyGram provides email customer support.
  • MoneyGram is available to iOS Apple device users.
  • MoneyGram is available to Android mobile device users.
  • Monzo provides phone support.
  • Monzo offers registered customers email support.
  • Monzo has a Apple iOS app on Apple app store.
  • Monzo offers a Android Google Play Store mobile app.

MoneyGram vs Monzo

MoneyGram Disadvantages Monzo Disadvantages
  • MoneyGram has no PayPal support.
  • MoneyGram has no Neteller payments support.
  • MoneyGram has no Skrill payment support.
  • MoneyGram does have a mobile digital wallet like some others.
  • No home delivery with MoneyGram.
  • No cash pickups with MoneyGram.
  • No money order support with MoneyGram.
  • No live chat support with MoneyGram.
  • Monzo has no PayPal option.
  • Monzo has no Neteller option.
  • Monzo has no Skrill option.
  • Monzo is not available is as many regions as some other providers.
  • Monzo has few fiat currency then some others.
  • No digital wallets with Monzo.
  • No Monzo home delivery.
  • No Monzo Cash pickups.
  • No Monzo money order option.
  • No Monzo Livechat.

MoneyGram vs Monzo Fees and Other Costs

Fee type MoneyGram Fees Monzo Fees
Transfer Fees 1.99$ none
Min Transfer $1.00 none
Max Transfer $10,000.00 (varies) 10000 GBP
Payment Methods Bank transfer, debit/credit card, cash bank transfer, phone contact

MoneyGram vs Monzo Restricted Countries

MoneyGram Country Restrictions

North Korea

Monzo Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

MoneyGram vs Monzo Transfer Speeds

Transfer Speed MoneyGram Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

MoneyGram vs Monzo Languages

MoneyGram Supported Languages

English, Spanish, French, Danish, German, Arabic, Czech, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Norwegian, Polish, Portuguese, Romanian, Russian, Thai, Turkish, Ukrainian, Chinese

Monzo Supported Languages

MoneyGram vs Monzo Verdict - Which is better?

Which is best out of MoneyGram and Monzo depends on your needs.

  • MoneyGram vs Monzo Transfer Fees: Transferring money with MoneyGram costs 1.99$ while Monzo charges none.
  • MoneyGram vs Monzo Supported Currencies: MoneyGram deals in over 1, where as Monzo offers transactions in 1.
  • MoneyGram vs Monzo Payment Methods: MoneyGram accepts Bank transfer, debit/credit card, cash, while Monzo allows transactions via bank transfer, phone contact.
  • MoneyGram vs Monzo Transfer Limits: MoneyGram allows transfers between $1.00 and $10,000.00 (varies). Monzo's range is none to 10000 GBP.
  • MoneyGram vs Monzo Minimum Age for Account Creation: MoneyGram requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach MoneyGram at 448457223344 and Monzo at 00 44 20 3872 0620.
  • MoneyGram vs Monzo Countries of Operation: MoneyGram operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • MoneyGram vs Monzo Client Base: MoneyGram is used by 150,000,000, where as Monzo serves 5.
  • MoneyGram vs Monzo Year Founded: MoneyGram was established in 1940 and Monzo began its operations in 2015.
  • MoneyGram vs Monzo Customer Rating: MoneyGram holds a rating of 3, in contrast, Monzo has a rating of 3.
  • MoneyGram vs Monzo Headquarters: MoneyGram has its headquarters at Dallas, US, while Monzo is based at London, UK.
  • MoneyGram vs Monzo Employee Count: MoneyGram employs 2,300 individuals, where as Monzo has a team of 1,551.
  • MoneyGram vs Monzo Estimated Annual Turnover: MoneyGram turnover stands at 900,000,000 USD, while Monzo boasts a turnover of 80000000.
  • MoneyGram vs Monzo Founder: MoneyGram was founded by Alex Holmes, holding the position of Chairman & CEO. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • MoneyGram vs Monzo Supported Languages: MoneyGram offers support in over 1 languages. Monzo communicates in 1.

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MoneyGram vs Monzo Alternatives Guides

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MoneyGram Screenshot

MoneyGram Screenshot

Monzo Screenshot

MoneyGram Screenshot