Wire Transfer FAQs

There is no faster way of delivering money to someone else than via a money wire transfer. When you need to get cash to someone in another city, state, or even country, Speedy Cash can provide a quick and reliable means of transferring your money through MoneyGram®.

How Does it Work?

Sending money with Speedy Cash is as simple as visiting a store, indicating the amount you wish to send, where you want to send it, and who you want to send it to. Whether you are sending a wire transfer or receiving it, Speedy Cash can help. In fact, Customers who receive wire transfers can safely take their wire transfers as cash or have them loaded onto a prepaid debit card in one of our stores. Anytime you need to transfer cash to someone quickly, a wire transfer is the most efficient way of doing so. After all, emergencies happen, and bank transfers can take several business days to complete. When you send a wire transfer, your money arrives quickly – whether it’s for your daughter who’s away at college or your spouse who’s traveling on business. Speedy Cash and MoneyGram ® make it easy to transfer money.

Still Have Wire Transfer Questions?

A: A wire transfer is a safe way of sending money electronically to recipients in more than 170 countries around the world. Wire transfers are much faster than bank transfers or mailing a check. We offer wire transfers through MoneyGram® at Speedy Cash store locations. You can use a wire transfer to add funds to a prepaid mobile phone or a prisoner's trust account, and many bills can be paid with a wire transfer, too. The process is simple — just come to a Speedy Cash location and pay for your wire transfer. We'll ask you to show identification, and you'll receive a reference number, which you'll need to provide to the person receiving the wire transfer. The recipient can pick up the money at any Speedy Cash location, or anywhere MoneyGram® services are offered, but must provide the reference number to do so.
A: Speedy Cash's wire transfer service through MoneyGram® allows you send money to friends, family and bill collectors within minutes, regardless of how far away they might be. Once our Customers understand how to wire money — and how simple it is — they usually want to know how they can use wire transfers to take care of various financial needs.

Emergency Funds: To wire money, all you need to do is visit your nearest Speedy Cash, specify the amount you want to send and provide proof of your identity. That's why a wire transfer is an easy and fast way to send money to loved ones who need help. If, for example, your sister's car broke down 200 miles from home, you could wire money to her — or possibly even to the repair shop — so she could afford to get her car repaired. If you should find the tables turned and need an emergency loan from a relative, you can get cash fast when your relative sends a wire transfer to the Speedy Cash nearest to you. You don't need a checking account to receive money, and you can pick up your wire transfer without paying a fee.

Less-Urgent Needs: As any parent of a teen or young adult knows, kids often rely on parents for financial help. Parents could use a wire transfer to add to their child's prepaid mobile phone minutes. They could also transfer money onto an opt+® Visa® Prepaid Debit Card from Speedy Cash, for kids to use when they're away from home. And if the money runs out, parents can add to the debit card's balance using another wire transfer. Wire transfers can also be used to pay taxes and utility bills. If you open your mailbox and find a disconnect notice, head to your local Speedy Cash and get a wire transfer to keep the lights on — and if you don't have the past-due amount, we can explain which of our loan options would work best for you. Loan funds can be sent to a bill collector via wire transfer.
A: Send up to $10,000 in one transaction, or up to $20,000 in a day, although some restrictions may apply, depending on your location and the recipient's location. You can wire money to any Speedy Cash or MoneyGram® location. To receive money, the person to whom you're sending the transfer will have to provide photo identification and a reference number. We'll give you the reference number, and you can tell the recipient what it is.
A: Yes. You can receive a wire transfer at Speedy Cash so long as the transfer is sent to you via MoneyGram®.

The sender simply goes to Speedy Cash with a photo ID and provides the funds to be transferred. Speedy Cash gives a reference number to the sender, and the sender can call you to share that number. To receive your cash, you just need to come into one of our stores, show your photo ID and provide the reference number.
A: Yes. Speedy Cash can issue a money order from your wire transfer funds, or you may apply the funds as payment toward a Speedy Cash loan. To pay a bill through our wire transfer service, all you have to do is come to one of our stores and fill out an express payment form, including the recipient's name — and for utility or credit card payments, your account number. We'll process it for you, and the recipient will receive money within minutes!
A: No problem! Speedy Cash and MoneyGram® make it easy to pick up the money that was transferred. Money can be picked up anywhere MoneyGram® services are offered – worldwide!

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19. A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Customers with credit difficulties should seek consumer credit counseling.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party. The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

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