MoneyGram is a money transfer service with 61+ locations across Chicago offering domestic and international transfers, bill payments, and money orders.
Editorially reviewed by Harvey Brooks
MoneyGram operates as a global money transfer network with significant presence in Chicago, Illinois. The company maintains over 61 physical locations throughout the city, partnering with various local businesses including currency exchanges, pharmacies (CVS), and independent money services to provide convenient access to its services.
MoneyGram's core offering includes domestic money transfers, international money transfers, money orders, bill payment services, and check cashing capabilities. Customers can initiate and manage transfers both online and through in-person visits at partner locations. The service is designed to serve individuals who need quick access to funds or wish to send money to recipients without traditional banking relationships.
MoneyGram's distribution model through partner locations—including currency exchanges, pharmacy chains, and independent money services—distinguishes it from traditional banks by offering extended hours and neighborhood accessibility. Many locations operate early morning through late evening, with some open until 11:59 PM, accommodating customers outside standard banking hours. The company emphasizes online management capabilities alongside offline service.
As a money transfer facilitator rather than a lender, MoneyGram is best suited for consumers needing immediate fund transfers rather than credit products. Fees for transfers are not disclosed on the location page, and customers should verify specific service availability and pricing at their chosen location, as MoneyGram operates through independent agents whose fee structures may vary.
Yes. MoneyGram is a registered company headquartered in 2427 W Chicago Ave, Chicago, IL 60622. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
MoneyGram is best for unbanked or underbanked Chicago residents needing to send/receive domestic or international money transfers quickly through accessible neighborhood locations. The primary caveat is that fees and exchange rates vary by partner agent location, and customers must contact their chosen location directly for specific pricing and service confirmation.
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