MoneyGram Introduces New Low Prices for U.S.-to-U.S. Money Transfers at Over 41,000 Locations

DALLAS, Texas October 31, 2014 (GLOBE NEWSWIRE) -- MoneyGram MGI, a leading global money transfer and payment services company, today announced new low prices at all U.S. locations for consumers sending money to family and friends within the United States. MoneyGram's convenient, reliable and fast money transfer services are now even more affordable.

For decades, millions of consumers around the world have trusted MoneyGram to send hard-earned wages to family and friends quickly and securely. Now, consumers sending money through MoneyGram within the U.S. and Puerto Rico will have lower fees for all transactions above $50. For transfers between $50 and $900, the fee is now a flat rate of $11.50. Fees for consumers sending greater than $900 is now only 2% of the amount sent. The fee to send $50 or less remains $5.00 or less.

"MoneyGram has always provided exceptional service at a value price for our consumers. We have a brand that consumers trust to conveniently send money for life's essentials and emergency cash needs," said Pamela H. Patsley, MoneyGram's chairman and chief executive officer. "We are transforming the market with innovative, more convenient ways to send money through online and kiosk options, and now, with even lower prices, walk-in customers get more value for their money with MoneyGram. When it counts, consumers know to choose MoneyGram."

MoneyGram enables customers to send money to more than 200 countries and territories, operating through a network of 347,000 neighborhood grocery and convenience stores, retailers, post offices, check cashers and financial institutions. Consumers can visit any of MoneyGram's 41,000 U.S. locations or go online to send money to friends and family both at home and abroad in a few easy steps. MoneyGram also provides easy cash pick up at no cost to the recipient.

As part of the Company's initiative to transform the consumer experience through self-service, MoneyGram has also rolled out full-service and transaction staging kiosks that feature innovative technology enabling consumers to send money with the touch of a screen. The new pricing will also be available at these fast and convenient kiosk locations.

About MoneyGram International, Inc.

MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 347,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.