MoneyGram offered at Wal-Mart stores and online allows money transfers to individuals, according to Wal-Mart. An individual seeking a MoneyGram must have a checking or savings account, or a debit or credit card, to complete the transfer.
To transfer money with Wal-Mart's MoneyGram tool online, the user first enters the dollar amount he hopes to transfer, says Wal-Mart. He also needs to select the country in case the currency needs to be exchanged as MoneyGram is available at national and international locations. The customer then selects a delivery option, including a pick-up site and time, and a payment method.
The next step is to create an account or sign in to a current account, according to Wal-Mart. The customer must be signed into his account to continue the transaction and choose a dollar amount to send. MoneyGram allows the customer to choose a personal message to send with the transfer at this step. The customer then enters his credit or debit card number. For a bank transfer, he needs the account number and bank routing number.
The final step is to verify the information and submit the money transfer. The person picking up the money from MoneyGram needs a form of identification with his name on it, states Wal-Mart.