MONEY GRAM — MoneyGram Bank Charge Explained

MONEY GRAM on your bank statement is a transaction descriptor for MoneyGram, a finance company. MoneyGram is a global money-transfer service for sending and receiving funds internationally. A charge is usually a transfer plus its fee, so the amount varies by what you send.

What Is the MONEY GRAM Charge?

MONEY GRAM is a transaction descriptor for MoneyGram, a finance company.

MoneyGram is a global money-transfer service for sending and receiving funds internationally. A charge is usually a transfer plus its fee, so the amount varies by what you send. It typically appears as MONEYGRAM on your statement.

This code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code MONEY GRAM is the official identifier that MoneyGram registered with Visa or Mastercard.

Is the MONEY GRAM Charge Legitimate?

MoneyGram is a well-known, legitimate company. Most charges from this merchant are authorised and relate to purchases or subscriptions you signed up for. If you don't recognise the charge, check your email for a receipt or log into your MoneyGram account to review recent activity.

How Do I Cancel or Dispute a MONEY GRAM Charge?

  1. Identify the charge: Confirm the charge is from MoneyGram by checking your email for a receipt or logging into your account on their website.
  2. Cancel your subscription: If you no longer want the service, log in to MoneyGram and cancel your subscription through account settings before the next billing date.
  3. Contact the merchant: If you do not recognise the charge, contact MoneyGram customer support and ask for an explanation and refund.
  4. Dispute with your bank: If the merchant does not resolve the issue, call the number on the back of your card and ask to raise a chargeback on the MONEY GRAM transaction. Provide the transaction date and amount.
  5. Section 75 rights: If you paid by credit card and the amount was over £100, you may have additional protection under Section 75 of the Consumer Credit Act 1974.

What Other Names Does MoneyGram Use on Bank Statements?

MoneyGram may also appear on your statement as:

Frequently Asked Questions About MONEY GRAM

What is MONEY GRAM on my bank statement?

MONEY GRAM is a bank statement transaction code for MoneyGram, a finance company. MoneyGram is a global money-transfer service for sending and receiving funds internationally. A charge is usually a transfer plus its fee, so the amount varies by what you send. It typically appears as MONEYGRAM on your statement. This descriptor appears because banks display a shortened payment code instead of the full company name.

Is MONEY GRAM a scam?

MoneyGram is a well-known, legitimate company. Most charges from this merchant are authorised and relate to purchases or subscriptions you signed up for. If you don't recognise the charge, check your email for a receipt or log into your MoneyGram account to review recent activity.

Why is MONEY GRAM on my bank statement?

MONEY GRAM appears on your statement because MoneyGram processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.

How do I cancel MONEY GRAM?

To stop MONEY GRAM charges from appearing on your statement, you need to cancel your MoneyGram subscription or account. Log in to the MoneyGram website, go to your account settings, and cancel your subscription. If you cannot find the cancellation option or do not recognise the charge, contact your bank to dispute it and block future payments.

How do I get a refund for a MONEY GRAM charge?

If you believe you have been charged incorrectly by MoneyGram, first contact their customer support to request a refund. If they are unresponsive or unhelpful, contact your bank and ask to raise a chargeback. You typically have up to 120 days from the transaction date to raise a chargeback claim. For credit card purchases over £100, you may also be protected under Section 75 of the Consumer Credit Act.

For more information about MoneyGram and all its known transaction codes, visit the MoneyGram merchant page.