Important: MoneyGram Money Order Refund
If you want to request a refund for your money order issued by MoneyGram, you will need to contact MoneyGram directly and speak with their team. GlobalBanks is in no way affiliated with MoneyGram, does not issue money orders, and cannot directly assist you with a refund.
While this topic falls outside the scope of our normal US non-resident content, such as how to open US bank accounts for foreigners, it’s a question we receive from certain readers so we decided to address it here. We’ll also share the important timing information you need to know if you want your fees returned as well.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- MoneyGram Money Order Refund
- How to Cancel an Original Money Order
- Frequently Asked Questions
- Ready to Open Accounts With Banks in the USA?
MoneyGram Money Order Refund
MoneyGram money order refunds are available on any money order that has not been cashed by the receiving party. To request a refund, you can cancel a transaction through MoneyGram’s online portal or at an agent’s location.
To complete this process you will need to have information tied to your money order on hand, such as your MoneyGram transaction number. If possible, you should also check the completion status of your money order before starting the refund process, to ensure it has not been processed.
Importantly, the fees charged for a money order will only be refunded if the request is issued within 30 minutes of payment. Refunds requested after 30 minutes will result in the value of the money order less the fees being returned.
In the following section, we’ll share additional information on MoneyGram’s refund process, including the steps to cancel a transfer and how long it takes to process. We’ll also share alternative transfer options you might want to consider instead for your next transaction.
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How to Cancel an Original Money Order
To cancel an original money order with MoneyGram you will need to cancel the transaction through your online account or in person at an agent location. By canceling the transaction you will immediately trigger a refund. However, if you request a refund 30 minutes after the transaction has been sent, your refund will not include the amount that you paid in fees for the original money order.
Importantly, you cannot cancel a money order and receive a refund after the transaction is completed. In other words, if the receiving party has already cashed the money order, you will not be able to get your money back.
Alternatives to MoneyGram
Many foreign non-residents use MoneyGram to send and receive money to and from the United States. However, there are faster more cost-effective ways available, including opening traditional bank accounts in the US or abroad.
Many international banks offer multi-currency accounts with low transfer fees. They also offer a wide range of additional benefits that are not available through money order providers.
That said, there is a wide range of digital, fintech, and EMI transfer options available as well. Depending on the jurisdictions where you want to send and receive funds, one of these options could be better for your requirements.
Frequently Asked Questions
Below are three of the most common questions that we receive from people wanting to complete a MoneyGram money order refund. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can You Get a Refund on a MoneyGram Money Order?
You can get a refund on MoneyGram money orders if the receiving party did not complete the transaction. However, if you request a refund more than 30 minutes after the initial order, you will only receive a refund for the initial transfer less the fees. On the other hand, if you request a refund within 30 minutes of placing the order, you will receive a refund for the total value of the money order and the fees charged by MoneyGram.
How Long Does It Take to Get a MoneyGram Refund?
The time it takes to get a refund from MoneyGram will vary. It depends on the processing time and the payment method that you used to place the money order. In general, MoneyGram processes refunds within 3 to 10 business days. However, your bank, debit, or credit card provider can take longer to process the refund.
How Do I Request a Money Order Refund?
There are several ways that you can request a money order refund from MoneyGram. First, you can log into your online account with MoneyGram and review your transaction history. Then, from the transaction details page, you can cancel the transaction which will automatically request a refund. Alternatively, if you sent the money order from an agent within the US, you can cancel the transaction in person.
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