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Benefits of using MoneyGram via Beans

Our partnership with MoneyGram provides unparalleled global access to your funds. Your recipient can collect cash at thousands of MoneyGram locations worldwide, ensuring that no matter where they are, they always receive your transfer quickly and easily.

Not only is cash pickup seamless, but if you need to make a cash deposit, MoneyGram makes it just as simple. You can deposit funds from any location globally, knowing they’ll reach their destination instantly and securely. Whether it’s for family support, business, or personal use, our MoneyGram integration offers fast, reliable, and hassle-free transfers, giving you the flexibility to send and deposit money whenever and wherever it’s needed!

What is Moneygram?

MoneyGram provides fast cash-to-digital transfers, with funds available for pickup within minutes, making it a great option for urgent financial needs.

With thousands of locations worldwide, you can easily send and receive money, no matter where you are.

Because MoneyGram is a third party, we can’t eliminate their fees. Check out the fees regulated by MoneyGram below.

SEnding and receiving
money with beans app

Both sender and recipient needs Beans App installed.
Deposit via
Bank Account
Deposit cash
via MoneyGram
Sender
Beans User
Send
Request
Recipient
Beans User
Withdraw via
Bank Account
Withdraw cash
via MoneyGram
Sending Euro's from France

Here's some money to take mom out to dinner!

You send:
0
EUR
You received:
110.71
ARS
Here's some money to take mom out to dinner!
Receiving USD in Argentina that you can withdraw as ARS

How beans works in 4 simple steps

1
1. Download app & create account

Download the app on your phone. Create your account and setup your account recovery.

2
3. Invite friends/family

Invite recipients to download the app and an account. Ask them to share their user name or let them send you a money request.

3
2. Make a deposit

Make a deposit through on of our banking partners or deposit cash via MoneyGram.

4
4. Send your money

Send money to your newly onboarded friends and enjoy the benefitis of free cross-border transactions with Beans.

1
1. Download app & create account

Download the app on your phone. Create your account and setup your account recovery.

2
3. Receive your funds

Receive your funds in seconds. Enjoy the easyness of automatic conversion and the great exchange rates.

3
2. Create a money request

Easily request funds by sending a money request through WhatsApp or create a QR code that can be scanned by the sender.

4
4. Hold & save or withdraw

Keep your money in a stable currency or withdraw yourmoney instantly in your local currency.

Deposit via MoneyGram in 4 simple steps

1

Initiate the deposit in the Beans App

Start by logging into the Beans app and navigating to the Deposit section. Choose the currency you would like to deposit, and proceed. Next, select the ‘Cash Pick-Up’ option, and proceed again. Choose MoneyGram as your deposit method and follow the prompts to begin the deposit transaction. 

2

Fill in your deposit details

In this step, you'll need to provide important details such as:

  • The amount of money you want to deposit
  • Your personal information
  • Any required ID verification

Be sure to complete all fields accurately to avoid delays.

3

Head to a MoneyGram location

Once the app initiates the deposit, visit your nearest MoneyGram location. When you arrive, walk up to the counter and provide your name and ID to the MoneyGram employee.

Important: You don't need to initiate a new transaction at the MoneyGram location or on a terminal—everything is already set up through the Beans app.

Simply hand over the cash, and your funds will be deposited into your Beans account within minutes.

4

Confirm your deposit in the Beans App

Once you’ve completed the transaction at MoneyGram, check your Beans app to confirm the deposit. The funds should appear in your account shortly after the transaction is processed.

1

Initialize your withdrawal

Log into the Beans app and navigate to the Withdraw section. Choose the currency you would like to withdraw, and proceed. Next, select the ‘Cash Pick-Up’ option, and proceed again. Now Select MoneyGram as your withdrawal method. Enter the amount you wish to withdraw and provide the required personal details and ID verification.

2

Select your provider and confirm details

Choose MoneyGram as your provider and press the ‘Withdraw via MoneyGram’ button. This will initiate the process of sending your funds to MoneyGram. If you have other currencies, you can convert them to USD, as MoneyGram only accepts USD but pays you in your local currency. When the process is complete, press ‘Done’.

3

Complete the transaction in the Beans App

Return to the active Beans app and confirm the transfer to MoneyGram. Ensure that all your details are filled out correctly before confirming the transfer.

4

Collect your cash at a MoneyGram location

Visit the nearest MoneyGram location to collect your cash. Don’t forget to bring the ID you used to register with MoneyGram. Inform the MoneyGram agent about your withdrawal and receive your cash!

cash pick up at thousands of moneygram locations worldwide

MoneyGram cash deposits and withdraws are instant.

Store locator

Moneygram fees

Extra fees apply when transferring money through the Beans app via MoneyGram, which may differ from the amount you want to transfer from cash into funds, or from funds into cash. Because MoneyGram is a third party, we can’t eliminate their fees. These are the fees regulated by MoneyGram:

Between 1 USDC and 99 USDC, the fee in USD is $2.
Example: If you transfer 50 USDC, the fee is $2.

Between 100 USDC and 999 USDC, the fee in USD is $2 + 1% of the transaction.
Example: If you transfer 120 USDC, the fee is $2 + (1% of 120 = 1.20) $1.20 = $2.20

Between 1000 USDC or higher, the fee in USD is $10 + 0.5% of the transaction.
Example: If you transfer 2500 USDC, the fee is $10 + (0.5% of 2500 = 12.50) $12.50 = $22.50.