Canada Post and MoneyGram offer flat fee money transfers

Canada Post and MoneyGram have come to an agreement where those sending money anywhere within Canada can do so for a C$10 flat fee. The pricing structure applies for payments of up to $500.

The service was launched on 10 June.

“We are excited to offer our consumers a more affordable and simplified fee structure to help them send money when and where it’s needed most,” said Grant Lines, MoneyGram chief revenue officer. “MoneyGram is proud to offer one-fee pricing regardless of the recipient’s location, removing further guesswork from the process.”

“We are pleased to offer our customers the MoneyGram service at this new flat rate for transactions up to $500. We believe our customers will benefit from lower costs to send money,” added John Reis, Canada Post general manager, retail. “And, along with the mobile app, we feel that faster, simpler and more cost effective transactions will drive loyalty and growth.”

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