As with similar services, the opening of a bank account is not necessary for use of the MoneyGram system.

At Sberbank branches, transactions may be undertaken in Euros or US dollars; a maximum of €7,000 per transfer and €14,000 per day is allowed.

In formally launching the service, Sberbank Hungary Ltd. CEO said that “I am pleased that Sberbank Hungary becomes the biggest partner of MoneyGram in Hungary. Our aim is to offer favorable and convenient services to our customers. The flexible cross-border MoneyGram transfer service we provide in our branches will add convenience to many people’s transfer routine.”