MoneyGram is a company that offers fund transfers and has been around for almost 50 years. It enables its customers to send money abroad by visiting any of the agent locations or online through a website or app. Unfortunately, many customers get blocked when they try to send an amount that is greater than their transaction limit.
In this article, we will talk about why MoneyGram’s transfer limit.
Transaction Limit Exceeded Message on MoneyGram
MoneyGram reserves all the rights to impose restrictions on the transfer amount. Like any other money transfer service, MoneyGram also has one. There is a certain amount that can be transferred within a certain period. The service provider may disclose the restriction of transfer on the website or can disclose it at the time you try to initiate a transfer.
If you are getting a notification or message saying that you are exceeding the transfer limit it means that the amount you are trying to transfer is exceeding your daily or monthly limit.
What is the MoneyGram Transaction Limit?
Transaction Limits refer to the applicable highest cumulative limit made available by the service provider. Exceeding the transfer limit can restrict or block you from making a transaction. Many money transfer service providers have a specific capped amount that can be sent in a certain period.
MoneyGram has a transfer limit of $10,000 per transaction and a limit of $10,000 every month. If you wish to send an amount greater than the amount mentioned above, then you will have to visit any of the agent locations nearby.
How Long Until You will be able to Transfer Again?
If you have been blocked or unable to make a transfer as you have exceeded the transfer limit then you will have to wait for the next 30 days to initiate another transaction.
Are limits the same for each customer?
MoneyGram has several regulations in place to limit the amount of money and the number of transfers you can make from the United States every day, every week, every month, and every year for your protection.
These restrictions are not the same for each customer. The list of limits isn’t available to customers because they change depending on market trends, security requirements, and current laws and regulations. The limits can also depend on the country, and laws and can change accordingly. However, if you ever try to send money and get a limit error, you can get more help from the MoneyGram customer care that serves round the clock.