MoneyGram large transfers and transfer limits in the UK (2026)

Need to send a large transfer in the UK? You may need to put down a deposit on a house, be making a large purchase or have a big bill to pay. Perhaps you’ve inherited money and need to move it between your own accounts.

Whichever is the case, you’ll need to know the safest, quickest and most cost-effective way of making your large transfer.

One option is to use an online money transfer company like MoneyGram, which is widely used in the UK. But how do large transfers work with MoneyGram? Find out everything you need to know here in our handy guide, covering limits, fees, transfer times and more.

We’ll also introduce a smart and cost-effective way to send large sums internationally from the money services provider Wise. Over 14.8 million people worldwide use Wise to move £36 billion every quarter.

With low, transparent fees, great mid-market exchange rates, and secure, trackable transfers, Wise makes international money transfers simple and stress-free. Plus, you’ll get dedicated support and volume discounts when sending large amounts. On a £50,000 transfer, you could save up to £1,000 with Wise vs your bank.

Get expert support for your large transfer 📞

Can you send large transfers with MoneyGram?

Yes, you can send large transfers with MoneyGram, but there are some tight limits.

The platform says that limits vary depending on factors like the payment method, destination and delivery method.¹

However, for most currencies, it seems to be the case that you can send up to £40,000 per international transfer.

You can send transfers with MoneyGram via its mobile app, or online on its website. You can also visit one of the company’s agent locations to set up your transfer in person. The company has over 1,200 locations in the UK,² you can find your nearest one here.

MoneyGram transfer limits

MoneyGram’s transfer limits vary, and aren’t available upfront. You’ll need to start setting up a transfer online or in-app to find out what they are.

But for most currencies, the limit seems to be £40,000 per transfer. This may not be generous enough for many users looking to make large payments.

It might be possible to send multiple payments of up to £40,000 - splitting your large payment up into smaller ones - but it’s not guaranteed.

You’ll need to send your first transfer and then attempt to send another one, to see if the platform will permit it. Alternatively, you can contact MoneyGram customer services to find out more.

If it’s not possible, then you’ll need to find an alternative provider.

It’s unlikely that MoneyGram’s transfer limits can be changed, and you may also come up against daily, weekly or monthly limits. The company may also limit your payments if it suspects fraud, or it may get in touch to ask for more information or documentation.

What’s the maximum amount you can send with MoneyGram?

The maximum limit for sending MoneyGram transfers is £40,000 per payment for most currencies, although it can vary by factors such as payment/delivery method and destination country.¹

Can you send multiple large transfers per day?

You may be able to send multiple transfers per day with MoneyGram, but the only way to find out is to send one payment and then try another. You can also try contacting the company in advance to find out whether it’s possible.

Bear in mind that multiple, frequent payments can potentially trigger fraud monitoring alerts, but the provider will contact you if this is the case.

MoneyGram large amount transfer fees and costs

So, how much does it cost to send MoneyGram large transfers in the UK?

There are no fixed transfer fees with the platform, as they vary depending on the details on your transfer, such as destination and receiving method.

To check the MoneyGram transfer fee, you’ll need to start setting up a transfer in the platform’s app or online. There’s a handy calculator you can use - head here and enter the destination and amount to see the fees.

Useful to know - paying with a credit card is likely to be more expensive than using a debit card, as your provider may charge cash advance fees.

When sending an overseas transfer with MoneyGram, you’ll also need to check the exchange rate - as well as the transfer fee you see upfront.

MoneyGram uses its own exchange rates, which may include a mark-up.³ This can make the transfer more expensive for you, but you can check the rates upfront before you send.

Wise – A low-cost, transparent alternative for international transfers

Large amount international transfers can be complex and get expensive with hidden fees. High street banks often add a markup to the exchange rate, which can be costly on large sums.

The Wise account, from the money services provider Wise, offers a modern alternative. You’ll get the mid-market exchange rate (close to the one you see on Google) with no hidden markups and low, transparent fees. On a £50,000 transfer, you could save up to £1,000 with Wise vs your bank.

It's not a bank account but offers some similar features, and your money is safeguarded.

**Investments in funds are never guaranteed and your capital can be at risk. In the UK, Interest and Stocks are provided by Wise Assets — this is the trading name of Wise Assets UK Ltd, a subsidiary of Wise. Wise Assets UK Ltd is authorised as an investment firm and regulated by the Financial Conduct Authority (FCA). Our FCA number is 839689. We do not give investment advice, and you may be subject to pay tax. If you're not sure, seek qualified advice. You can find more information about the funds on our website.

How to transfer large amounts with MoneyGram: Step-by-step process

Now, let’s take a look at how you’ll actually go about sending a large transfer with MoneyGram.

Before you do anything, you’ll need to have a few details ready for your recipient.

Here’s what you’ll usually need to provide, including details for sending money abroad:

• The recipient’s name as it appears on their bank account
• Their bank account number and sort code
• The type of account (personal or business)
• The International Bank Account Number (IBAN) - for international transfers
• The SWIFT/BIC code for their bank - for international transfers.

To make your payment, simply follow these steps:

1. Login to the MoneyGram app or sign in online at MoneyGram.com
2. Enter the information for your recipient
3. Choose a preferred receive method
4. Enter the amount you want to send
5. Select how you want to pay for your transfer - choose from either credit or debit card
6. Check the details and confirm.

After you’ve set up your transfer, you’ll be given a tracking number so you can keep an eye on progress and see when it’ll arrive.

Expecting a payment from someone else? Read our handy guide to receiving MoneyGram payments.

Is MoneyGram safe for large payments?

MoneyGram isn’t a licensed UK bank, but it is licensed in the UK as a payment services provider.

In order to meet requirements, it is required to use security measures to keep your money and transfers safe.

This includes:

• Account verification and strict identity authentication
• End-to-end data encryption for stored and transmitted information
• Automated fraud detection systems.

Additionally, you can track MoneyGram transfers, and receive email/SMS notifications so you know where your payment is up to.

However, it’s always wise to take precautionary steps to protect yourself when sending a large sum. These include:

• Double-checking the recipient’s bank details.
• Avoid sending money to people you don’t know.
• Never feel pressured into sending a payment - it could be a scam.
• Avoid sharing your online or mobile banking details with anyone.

How long do large transfers take with MoneyGram?

MoneyGram transfer times vary depending on your chosen transfer method, the country you’re sending to and the receiving method. According to the platform, it can take anywhere between a few minutes to a few days.⁴

To get a delivery estimate, you’ll need to log into MoneyGram online or via the app and start to set up your transfer. It’ll show you available transfer options and the estimated delivery time for each, so you can choose your preferred option.

For the fastest transfer times, it’s best to choose debit card as your payment method.

Key takeaways

• You can send up to £40,000 per international transfer for most currencies, though specific limits vary based on your payment method, the destination, and the delivery speed.
• MoneyGram uses its own exchange rates which include a markup; you should use the online calculator to check the total cost, as fees are not fixed and depend on the transfer details.
• You can choose between several transfer methods, including the mobile app, the website, or one of over 1,200 agent locations in the UK for in-person service.
• Large transfers can take anywhere from a few minutes to a few days to arrive, with debit card payments typically offering the fastest processing times.
• To comply with UK regulations, the platform uses strict identity authentication and end-to-end data encryption to keep high-value transactions secure.
• You can track your transfer in real-time using a provided tracking number and opt-in for email or SMS notifications to monitor the payment's progress.

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Sources used:

1. MoneyGram - Help - How much money can I send online through MoneyGram? Are there limits to how often I can send money?
2. MoneyGram - Locations
3. MoneyGram - Send money online
4. MoneyGram - Help - How long will an international money transfer take using the MoneyGram® Money Transfers app?

Sources last checked on date: 03-Mar-2026