At the post office ( USPS.com ), a money order that is valued from $0.01 to $500 can cost $1.20, while a money order for $500 to $1,000 will cost $1.60. These prices are valid as of June of 2017. At the post office, if the money order is going to be sent to a military member, the cost can be as low as $0.40.
Money Order Fees
|$0.01 to $500.00||$1.45|
|$500.01 to $1,000.00||$1.95|
|Postal Military Money Orders (issued by military facilities)||$0.50|
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How much does a money order cost at the post office?
Here’s what you can expect to pay for your money order at a post office: You can also buy a USPS money order at a military facility. Postal Military Money Orders cost $0.45 regardless of the amount being sent.² Can I send money overseas with a USPS money order?
How much does it cost to send a money order internationally?
These fees apply to money orders sent within the United States. International money orders cost $8.25. If your money order is lost or stolen, it can be replaced at a USPS Post Office for a processing fee of $5.95.
Where can I cash a USPS money order?
Where can you cash a USPS money order? Any Post Office with enough money on hand to do the transaction should cash it for you. Or you could buy stamps and other items at the Post Office with your money order.
How do I get a money order from the post office?
Procedure of sending the Money Order
Buy a money order form at the counter of the post office. A remitter is the person who send money order. The money order form duly filed in, together with the amount of the money order and commission either in cash or by Cheque be presented at the post office counter.
Is a postal money order the same as a money order?
A postal order is purchased directly from a national postal system, such as the US Postal Service or the Post Office in the United Kingdom. By contrast, a money order is produced by an independent financial service provider and may be purchased at any number of retail outlets, including supermarkets or drugstores.
How much is money order at Walmart?
How much does a Walmart money order cost? While the exact charge varies by store, it’s no more than $1 at your local Walmart, and that’s a very competitive fee. The U.S. Postal Service, by comparison, charges $1.45 for money orders up to $500, and $1.95 for money orders between $500 and $1,000.
What is the maximum amount for a money order?
Money orders are typically capped at $1,000. Some places may limit them to smaller amounts. If you need to purchase multiple money orders to get around the limit, you may be better off getting one cashier’s check for the full amount.
Can you buy money orders online?
Money orders are now available online, although they’re a bit different from the ones you purchase in person. First off, what is a money order? It is similar to a check, except payment is guaranteed as someone already paid for it using cash, a credit card or a debit card.
How do you get a money order?
You can request a money order in any of these locations:
- Any Bank or Credit Union. You may pay a fee, typically around $5, but you should be able to walk into a local bank or credit union branch and request a money order.
- Western Union or MoneyGram Locations.
- US Postal Service.
- CVS Pharmacy.
Can you get money order at CVS?
CVS issues money orders at their over 9,900 locations. CVS uses MoneyGram money orders, a provider of money transfers and payment services. CVS sells money orders for $1.25 with a maximum amount per money order of $500.
Can I buy money order with a debit card?
You can use cash or a debit card to buy money orders at the post office, Walmart, Western Union and your bank or credit union.
Can you use credit cards to buy money orders?
In most cases, you’ll need to buy a money order with cash or a debit card. Because issuers want the money in hand before they issue the money order, you cannot pay with a personal check. The only places that let you buy a money order with a credit card are 7-Eleven stores and Western Union.
Who has the cheapest money orders?
Money orders usually cost less. Walmart has some of the best prices for money orders, charging a maximum of 88 cents for amounts up to $1,000 with valid government-issued photo ID. The U.S. Postal Service charges from $1.25 to $1.76, depending on the amount. Banks often charge around $5.
Are money orders free?
Like cashier’s checks, you’ll pay a fee for a money order, but they’re inexpensive. Depending on where you buy a money order from—and how much it is for—the fee may be less than $1 or go up to $5.
How much is a money order at Publix?
Further, Publix only sells money orders and doesn’t cash the money orders. You can get a money order during regular business hours at the customer service desk, and there is an $. 89 to $. 99 fee for a money order.
Can you get a money order over 1000?
Domestic money orders can only be purchased for up to $1,000. Anyone that needs to send more than $1,000 will need to get two separate money orders. Tip: If you need to send more than $1,000 on a regular basis, consider opening a checking account at a bank so you can obtain cashier’s checks.
Do money orders get reported to the IRS?
Note that under a separate reporting requirement, banks and other financial institutions report cash purchases of cashier’s checks, treasurer’s checks and/or bank checks, bank drafts, traveler’s checks and money orders with a face value of more than $10,000 by filing currency transaction reports.
How much cash deposit is suspicious?
Under the Bank Secrecy Act, banks and other financial institutions must report cash deposits greater than $10,000. But since many criminals are aware of that requirement, banks also are supposed to report any suspicious transactions, including deposit patterns below $10,000.
How Much Does a Money Order Cost?
- The most recent update was made on August 8, 2018.
- If you need cash quickly, money orders are a simple method to convert it into a check.
- A money order is essentially a check that is not linked to your bank account.
If you don’t have a bank account, are concerned about a bad check, need to mail money, or want to send a payment in a more secure manner, these services are great for you.Generally, a money order may be processed at a variety of locations, including the post office, supermarket, bank, and even a convenience shop, although the post office is by far the most typical location to obtain a money order.
How much does a money order cost?
- On average, a money order will cost between $0.70 and $10, depending on its denomination.
- This will be determined by the location where you obtain your money order.
- Check out the chart below to discover how much a money order could cost in different places.
In the case of a normal money order, Walmart.com states that it can cost up to $0.70.A money order with a value ranging from $0.01 to $500 may be purchased for $1.20 at the post office (USPS.com), while a money order with a value ranging from $500 to $1,000 can be purchased for $1.60.These prices are in effect as of June of this year.If the money order is intended to be sent to a military person, the cost of sending it through the mail might be as little as $0.40 at the post office.
Money orders purchased online might cost as much as $5 to $10 for $1,000 in cash that is required.
|7-Eleven||$1 to $5|
|Bank of America||$5|
|Bank of the West||$5|
|Circle K||$0.99 to $1.29|
|Fifth Third Bank||$1.25|
|Navy Federal Credit Union||$14.50|
|Pentagon Federal Credit Union||$2|
Money order overview
- As previously said, money orders may be acquired from the majority of grocery stores, convenience stores, pharmacies, check cashing establishments, the post office, and even on the internet.
- A money order, on the other hand, will not be available in a number of popular grocery store chains, including Aldi, Costco, Cub Foods, Farm Fresh, Food Lion, Giant Eagle, Sam’s Club, Save-a-Lot, and Whole Foods Market.
- Orders for money will always be valid, and they will never be revoked or cancelled.
However, the only two persons who may cash them are the person to whom the check is addressed and the person who made the initial transaction.The United States Postal Service maintains a list of nations that accept money orders.When it comes to money orders, they are similar to cashier’s checks in that there is a limit to how much money you may place on them.Money orders, in contrast to cashier’s checks, are backed by smaller companies, leading some to believe that they are less safe than cashier’s checks in particular situations.
Money orders provide the added assurance of knowing that the check will never be returned unpaid.When you use regular checks that are linked to your bank account, you can bounce a check if someone cashes a check that you have written when you have insufficient funds in your account to cover it.With a money order, the check is backed up by funds that are guaranteed to be available.Money orders issued by the post office or banks should include some sort of watermark or stamp to indicate that they are supported by a legitimate financial institution.There have been a number of fraudulent money orders issued, making a trip to the post office or a bank the most secure option for purchasing one.
What are the extra costs?
- Single money orders will have a maximum limit, which is often approximately $1,000 in value.
- To purchase $1,500 worth of money orders, you would have to purchase two different money orders, which means you would be responsible for the cost of each one separately.
- You may be able to trace a money order for a nominal cost in certain instances.
International money orders might cost anywhere from $3 to $6 more than domestic money orders.A cost ranging from $5 to $35 is charged by some organizations, such as the United States Postal Service and Western Union, to replace a money order they have received.Cancelling a money order will cost you anywhere from $6 to $15 or more, depending on the amount of the order.For example, the United States Postal Service would charge you around $6 if you need to cancel your order, but the Western Union will charge you approximately $15.
Tips to know:
- A local bank may need you to have an account before they will process your money order.
- If this is the case, you may have to wait until you do have an account before they will process your money order.
- If you are sending money orders overseas, you may be restricted to sending money orders in amounts smaller than $1,000.
Typically, it costs approximately $700 dollars.Make an appointment to meet with the company or individual before handing over a money order.Because a money order may be readily forgeried, some businesses will only take a cashier’s check instead of a money order.Occasionally, the tiny fee for a money order is well worth it in order to prevent the hazards of losing your money or having a huge check bounce.
For as long as you are a member of your local bank or credit union, cashing a money order will always be free; however, if you cash your money order at a third-party location, fees may apply for individuals who choose to pay it there.Always save your receipt as a record of your transaction.A certified check, a traveler’s check, and/or a wire transfer are all options for paying with a money order instead.Depending on your requirements, you may choose to investigate alternative alternatives to determine whether they are suitable for your scenario.Is it possible to purchase a money order using a credit card?
- WalletHub.com reports that you may purchase a money order using a credit and/or debit card, but if you use a credit card to do so, the credit card issuer will see this as a cash advance and will charge you more costs as a result, according to the website WalletHub.
How to fill out a postal money order
How can I save money?
- If you want to receive a money order for the least amount possible, avoid going to the bank.
- As an alternative, try using a less expensive option such as the local post office or even a merchant such as Walmart.
- For larger purchases, consider using a cashier’s check rather than a money order to pay for your items.
As previously noted under the additional charges, you will be required to pay a fee for every $1,000 or so in revenue.Unless your money order is for more than $2,000, it’s generally a good idea to look into local cashier check rates instead.Avoiding the need to visit a physical business by transferring money online using services such as PayPal is an option.Money may be sent for as low as a few dollars with this service.
Advertiser Disclosure: This material may include referral links to third-party websites.For additional information, please refer to our disclosure policy.
Average Reported Cost:$0
USPS money order? Read this
- If you ever find yourself in the position of having to mail a payment, a money order is a safe and secure way to do it.
- Due to the fact that it can be monitored and canceled, and since it is directed to a specific recipient, it is more secure than shipping cash or a check.
- It also cannot be cashed out by just anybody.
Some sellers even prefer them since they are pre-paid in advance, which means they will not ″bounce″ like a check if there are insufficient money in the account at the time the check is cashed, as a check will.Money orders may not be the quickest or most convenient method of sending a money overseas, but they do have a role in some situations.But if you’re sending money internationally, there may be a better choice than a money order for your needs.Online money transfer services like as Wise may be more convenient, quicker, and less expensive.
It’s critical to conduct thorough research in order to ensure that you’re making the best financial decision possible.Check out the information below to find out all you need to know about acquiring, using, and mailing a money order from the United States Postal Service (USPS).
What is a USPS money order?
- According to the United States Postal Service website, ″Money orders are a safe and secure payment option.″ They are easy to use, reasonably priced, and widely recognized.
- Sending money orders is a convenient way to transfer funds that will never expire.″ Essentially, they function in the same way as checks, making them more secure to mail than cash.
- However, unlike checks, they are paid for in advance, which means they will not bounce by the time the receiver attempts to cash one.
¹ Money orders can be delivered by hand or sent to the address on the money order.They may be used to transmit money both within the country and internationally.The cancellation and replacement of tickets can be done in the event that they are lost or stolen.In a nutshell, they’re one of the most secure methods to send money to someone if you need to send it to them via the postal service.
How much does USPS money order cost?
A money order obtained through the United States Postal Service is relatively affordable, but the amount you may transfer is severely restricted. You are only permitted to send up to $1,000 locally and $700 overseas (with a maximum of $500 sent to El Salvador or Guyana, respectively). In a post office, you may expect to pay the following amounts for your money order:
|Amount being sent||Cost of money order ¹ ²|
|Domestic money order $0.01 to $500.00||$1.25|
|Domestic money order $500.01 to $1000.00||$1.70|
|International money order up to $700 ($700 is the highest amount you can send)||$9.50|
A money order from the United States Postal Service can also be purchased at a military installation. Military money orders sent through the mail cost $0.45 regardless of the amount being sent. ²
Can I send money overseas with a USPS money order?
- A money order from the United States Postal Service can be used to send money to 28 different countries; a complete list can be seen here.
- ⁵ Even if you are confident that your money order will be accepted in the nation to which it is being sent, double-check ahead of time because it might take several days to get your money order returned in the event that you need to cancel it.
- The maximum amount of money that may be sent with USPS money orders is $700 per order in most countries that accept them.
For El Salvador and Guyana, the maximum order value is $500 per person.² Keep in mind that when you send a money order overseas, it must be sent through the mail, which might take a long time to reach depending on where it is being sent.If you want to transfer more money or shop around for better exchange rates, you may want to have a look at a few other options.For example, Wise, a newcomer in the field of international money transfers and finance, allows you to send money at the mid-market rate to 59 countries across the world.
They also provide a multi-currency account as well as a debit card for those who have greater worldwide demands.Local account details can be generated in the United Kingdom, Europe, Australia, and New Zealand, which means that you can pay and receive payments in the same way that a local person would in those countries, and you can easily convert between those currencies and your home currency at any point during the process.All of this is made even more tempting by the fact that there are no sign-up or maintenance costs associated with Wise.If any of that sounds appealing, you might want to have a look at this site.
How to send money using USPS money order?
To send a money order through the USPS, you’ll need to do the following: 2
- Purchase your money order at a branch of the United States Postal Service.
- Fill in the blanks on the money order
- It is possible to pay using cash, debit card, or traveler’s check when placing an order.
- Either hand deliver the money order to the receiver in person or send it to them at a location where they may pick it up in person.
How to fill out a USPS money order?
- Purchasing a USPS money order is similar to purchasing any other money order in that there isn’t much variation in the information you must provide depending on where you purchase your money order. You’ll need to do the following: ² ³ In the ″Pay to″ area, type the name of the person who will receive the payment. Do this first because if you misplace the money order, no one else will be able to locate it and cash it. Before purchasing a money order, double-check the spelling of the recipient’s name because it cannot be altered once the money order has been purchased.
- Make sure to include your contact information in the ″From″ area, as well as the field for your mailing address.
- Make a signature on the front of the money order. As a result, it is legitimate. Avoid signing the back, because that’s where the recipient must sign in order to pay the check.
- Keep your receipt for future reference. Your receipt will be required if the money order is lost or destroyed and must be replaced for any reason. Without it, you will not be able to track down and cancel the transaction.
How do you track a USPS money order?
- In order to check the status of your money order, trace it, or cancel it, you must enter the serial number of your money order (which can be found on the receipt).
- You may also report it as lost or stolen on the USPS website.
- ⁴ When it comes to transferring money abroad, you have a plethora of possibilities.
Choosing the most appropriate mode of transportation for your needs is critical, and this should be done while taking into consideration factors such as convenience, speed, and cost.Hopefully, this information has aided you in making a more informed selection.Sources:
- All sources were reviewed on the 15th of July, 2019.
- This book is offered solely for general informational reasons and is not designed to cover every element of the issues included in it.
- It is not intended to be comprehensive.
It is not meant to be construed as advise on which you should base your decisions.Before taking, or refraining from taking, any action on the basis of the information included in this book, you should get professional or specialised advice.TransferWise Limited and its affiliates make no representation that the material contained in this publication constitutes legal, tax, or other professional advice.Prior results may not imply that a similar outcome will occur in the future.
Neither we nor any third parties make any representations, warranties, or guarantees, whether stated or implied, that the information contained in this book is accurate, complete, or current.
- When sending money over the mail, money orders are a safer alternative to cash and personal checks than cash and personal checks.
- Money orders from the United States Postal Service® are inexpensive, widely recognized, and never expire.
- Your money order receipt will assist you in tracking down your payment and will serve as evidence of its value in the event that the money order is lost, stolen, or destroyed.
Postal money orders are available for purchase and cashing at any Post OfficeTM store.Money Orders Can Be Sent Around the World
- Make a decision on the amount of the money order. It is possible to send up to $1,000 in a single order to any location in the United States.
- Visit any of the Post Office locations.
- Bring cash, a debit card, or a traveler’s check in case of emergency. You will not be able to pay with a credit card.
- Fill out the money order with the help of a store salesperson at the counter.
- Pay the amount equal to the face value of the money order plus the cost for issuing it.
- Keep your receipt in case you need to hunt down the money order.
Standardized Money Order Practices and Procedures (DMM 509.3) Fees are calculated based on the monetary amount of the money order.
|$0.01 to $500.00||$1.45|
|$500.01 to $1,000.00||$1.95|
|Postal Military Money Orders (issued by military facilities)||$0.50|
- Before accepting a money order, double-check that it is legitimate. When attempting to identify a forged money order, there are numerous crucial characteristics to look for. Genuine United States Postal Service money orders are distinguished by distinctive markings and patterns that help to avoid fraud. If you hold the money order up to the light, you should be able to see the following: Ben Franklin’s watermarks on the left side of the page repeat from top to bottom (circle 1 on picture)
- An in-and-out weaving of a vertical, multicolored thread with the letters ″USPS″ weaves in and out of the paper on the right side of the Franklin watermark (circle 2 on picture)
- If the dollar amount is discolored, it is possible that it has been erased, which would indicate fraud (circle 3 on the image)
- Please double-check that the dollar amount is imprinted twice (circle 4 on the image).
- Check to see whether the money amount is excessive
- Money orders sent within the United States cannot be worth more than $1,000.
- In the United States, international money orders cannot exceed $700 ($500 for El Salvador and Guyana).
- If you suspect fraud, call the U.S. Postal Inspection Service at 1-877-876-2455
- if you believe you’ve been given a fake money order, call the Money Order Verification System at 1-866-459-7822
- and if you believe you’ve been given a fake money order, call the Money Order Verification System at 1-866-459-7822.
- Domestic money orders are non-expiring and do not accumulate interest while in transit.
- Money orders are cashed for the precise amount that is specified on the receipt.
- A money order from the United States Postal Service can be cashed at any Post Office for free.
You may also cash them in at the majority of banks and select retail establishments.If they have enough cash on hand, rural couriers may be able to cash money orders.
- Do not sign the money order
- instead, write your name on it.
- Take the money order and a primary picture identification to any Post Office location.
- The money order must be signed at the counter in the presence of a store worker.
- See the extra requirements for money orders made out to organizations, to more than one person, and to children for more information. Money Orders are accepted for cashing (DMM 509.3.3) At any time, you may check the status of a money order you’ve purchased from the U.S. Postal Service by logging into the Money Orders Application on the USPS website. Before you begin, double-check that you have the essential details for the postal money order you wish to examine: Serial number, Post Office number, and dollar amount are all required.
- Payment on postal money orders cannot be stopped, however a money order that has been lost or stolen can be replaced. It may take up to 30 days to determine whether a money order has been lost or stolen.
- It might take up to 60 days to determine whether a money order has been misplaced or stolen.
- There is a $6.95 processing fee for replacing a money order that has been lost or stolen.
- Take your money order receipt to any U.S. Postal Service outlet
- To begin a Money Order Inquiry, speak with a shop employee at the counter.
- You will be able to monitor the status of your money order and the progress of your inquiry by logging into the Money Orders Application once you have started the investigation.
- When it is determined that your money order has been lost or stolen, we will give you a new money order.
- Money orders that are faulty or damaged will be replaced by us.
- Make a trip to your local Post Office with the damaged money order and your receipt in order to acquire a replacement money order.
- The Postal ServiceTM will no longer sell or cash international postal money orders headed for Japan as of March 2020, nor will the Postal ServiceTM cash international postal money orders issued by the Japan Post.
If you have not yet cashed a money order issued by Japan Post, please return the money order to the sender.On July 10, 2020, Japan Post announced that it will no longer accept international postal money orders issued by the Postal Service for payment.(On December 31, 2019, Japan Post discontinued the sale of international postal money orders meant for the United States.)
Send up to £250 safely and securely without needing a bank account
- Send money with as little as 50p in your pocket.
- Pay your invoices or place an order through the mail
- There is no need to provide your financial information.
How it works
- Postal Orders function in a similar fashion to checks, except they do not need the use of a bank account.
- They’re ideal for auction sites such as eBay since they allow you to pay without disclosing your financial information.
- Once you’ve purchased your item, all you have to do is purchase a Postal Order for the same amount and send it in the mail
- They have the appearance of cheques. Having the payee’s name put on the order, and having the order crossed, so that the payee may only make payments into their bank account, is also an option.
|Purchase value per order||Fee payable|
|£0.50 – £4.99||50p|
|£5 – £9.99||£1.00|
|£10.00 – £99.99||12.50% of the face value|
|£100 – to maximum value of £250||Capped at £12.50|
Is a Postal Order right for you?
- In many ways, postal orders are similar to cheques, except that they do not require a bank account to be used.
- Their use on auction websites such as eBay is particularly advantageous since they allow you to pay without disclosing your bank information.
- As soon as you have purchased your item, simply purchase a Postal Order for the same amount and mail it to the address provided.
- Their appearance is similar to that of a check. Having the payee’s name put on the order, and having the order crossed, so that the payee may only make payments into their bank account, is also possible.
|Try something else if:||X You’re happy to pay by cheque or other means that require a bank account X You need to pay in a country that doesn’t accept Postal Orders (see below) Not the right service for you? Find other services|
Where To Get A Money Order
- Money orders are often charged a cost that ranges from 50 cents to $10 or more, depending on where you purchase them.
- Western Union fees: may range from 50 cents to $1.50 and more, depending on the transaction.
- The majority of banks levy a fee of $5, $10, or 10% of the entire amount of the money order.
What Is A Money Order?
- Money orders are a reliable method of payment that may be used almost everywhere in the world.
- Don’t mistake them with a cashier’s check, which can only be obtained through your financial institution.
- Post offices, banks, Western Union, and grocery stores are all places where you may obtain a money order.
Finding the most appropriate location for your money order purchase is dependent on the amount you are prepared to spend, the location to which the money order must be sent, and the time frame in which the money order must arrive at its destination.
Best Places To Get A Money Order: Fee Comparison
Compare Money Order Fees at Banks & Retailers
|Bank of America||$5||$1,000 Not available in Arizona, California, Nevada.|
|BMO Harris Bank||$5||$1000|
|Capital One||Does not issue money orders|
|SunTrust||$5 for customers $10 for non-customers|
|BMO Harris Bank||$5||$1000|
- Because many financial institutions do not disclose the amount they charge for money orders, the easiest method to find out how much your local bank costs is to visit a location in your neighborhood.
- The majority of banks levy a fee of $5, $10, or 10% of the entire amount of the money order.
- Wells Fargo, Chase, and U.S.
Bank, all of which are located in Los Angeles, charge a fixed cost of $5 and exclusively issue international money orders.Some banks will waive the fee for money orders if you have a specific account with them.For example, if you have a Wells Fargo preferred checking or Wells Fargo At Work Checking Account, you will not be charged for money orders.If you have a prime or private account with Chase, the bank will waive the cost for your transaction.
Those who hold a platinum checking account with U.S.Bank are exempt from paying the charge.Tip: If you have a higher-tiered checking account, ask if your bank provides free money orders as a perk of your membership.
Western Union Money Order Fees
- A money order issued by Western Union is not limited to a certain amount, as is the case with banks. A spokesperson said that the rate changes depending on where you are. However, in average, these costs might run anywhere from 50 cents to $1.50 or more each transaction. International money orders are accessible
- however, it is recommended that you check with the financial institution where the monies will be placed to confirm that the transaction can be completed successfully before proceeding. Three Western Union locations in the Los Angeles area, for example, were called by MyBankTracker. The fees are as follows: Money orders between a penny and $500 are subject to a 55-cent fee, and money orders between $500.01 and $1,000 are subject to a $1 fee
- money orders between a penny and $500 are subject to an 80-cent fee, and money orders between $500.01 and $1,000 are subject to a $1 fee
- money orders between $300 and $1,000 are subject to a 75-cent fee
- money orders between $300 and $1,000 are subject to a $1 fee
- money orders between $300 and $1,000 are subject to a 75-cent
- You do not need to have a Western Union account in order to obtain a money order.
- Customers can also put money orders into Western Union accounts in order to withdraw cash.
- A money order may only be obtained from a bank if you already have an account with them.
Another advantage is that Western Union offices in your region are often open every day of the week, including weekends, whereas most banks and the post office are closed on Sundays.The price connected with cashing money orders from Western Union varies from 1 percent to 3 percent, depending on the amount of the money order cashing fee charged.A person advised me to visit a local bank to find out how much money will be taken out of my account.Due to the fact that rates vary so much from one region to another, this is true.
How to discover the best rate at Western Union when cashing a money order: Call many locations in your region and choose the one with the lowest costs to ensure that you get the best rate.
USPS Domestic and International Money Order Fees
The following are the current prices for domestic money orders at the United States Postal Service:
USPS Money Orders
|Fee||Maximum Amount of Check|
|$0.40||All postal money orders issued through military facilities|
- Domestic money orders are only available for purchase in denominations of up to $1,000.
- Anyone wishing to transfer more than $1,000 will be required to get two separate money orders from the Post Office.
- Obtaining cashier’s checks from a bank is a good idea if you need to transmit more than $1,000 in a short period of time on a frequent basis.
International money orders are $4.50 per dollar amount, regardless of the quantity.International money orders issued by the United States Postal Service can be cashed in 29 different countries across the world.In the event that you decide to attempt to cash a money order at the post office, you may encounter some complications.If you have a money order that is worth more than $1,000, the USPS may not be able to assist you.
Those who are seeking to cash a money order that is worth tens of thousands of dollars or more might consider contacting a financial institution.
Other places to get money orders
Money orders are also available at a low cost from grocery shops and department stores. Walmart money orders cost 60 cents and have a ceiling of up to $1,000 in value, according to the company. CVS Pharmacy also provides money orders for 99 cents with a maximum value of $500, which may be purchased at any time.
Be aware of money order scams
- If you receive a money order in the mail from someone you do not know, it is likely that it is a forgery of the real thing.
- Learn how to identify a fake money order so that you don’t fall victim to being duped into cashing a phony money order.
- If you do wind up cashing a forged money order, you may be held accountable for the money you spent if the order is returned as undeliverable.
For your bank to evaluate whether or not a money order is fraudulent, it might take several weeks.Are you dissatisfied with your bank?Take a look at some of the new top banks that everyone is talking about: More information may be found at: Check out MyBankTracker’s Best Banks of the Year selections.
Electronic Money Order
- A money order is an order issued by the Post Office for the payment of a quantity of money to the person in whose name the money order is submitted through the agency of the Post Office.
- A money order is a type of check that is used to make payments to people.
- Payees are the individuals who are identified on a money order as the individuals to whom the money is to be paid.
Money orders have the advantage of being sent to the recipient’s home or place of residence, which is a convenient option for delivering money to someone.Detailed instructions on how to submit a Money Order At the post office, you may purchase a money order form for a little fee.A remitter is a person who sends money orders to a bank account.Fill in the blanks with ink and sign his name with thumbs up and down at the bottom of the page.
A form that does not include a signature or thumb mark, or that is otherwise incomplete, will not be accepted.It is necessary that all entries on the form be legible, and they may be written in either English, Hindi, or a regional language, either by the remitter himself or by a third party acting on his behalf.The remitter is free to write anything he wants on the coupon in order to communicate with the payee.One money order cannot be issued for an amount greater than Rs 5000/- in a single transaction.The properly completed money order form, as well as the amount of the money order and commission, must be presented at the post office counter in either cash or by check.
- For the amount he has paid on account of the money order and commission, he will receive a receipt for his payment.
- If there is an error or omission on the receipt, the remitter must notify the Post Office immediately; otherwise, the Post Office will not be held accountable.
- As soon as the money has been transferred to the payee, the remitter of the money order gets an acceptance of payment in accordance with the terms of the money order, signed by the payee or by his authorized representative.
- A certificate of payment signed by the Postmaster of the office shall be provided upon request if the acknowledgment is not received within a reasonable period of time.
- However, in the case of money orders made in favor of the government or district, local, or municipal boards, the acknowledgement may be kept by the payee if the payee has given a departmental receipt to the remitter directly rather than via the government.
- What is the procedure for sending and receiving your Money Order?
- There are several different types of Money Order Forms that have been mandated for the purpose of remitting government dues, and some of them are only valid for use within the boundaries of the state in which they were issued.
- These forms can be received from the Post Offices that are responsible for your location.
- If the money order was drawn at a post office of that country, the commission at the inland rate previously paid will be removed from the amount of the re-directed order after the country of destination has been identified.
- In the case of a money order in excess of the limit prescribed for remittance to a foreign country under any law or regulation in force at the time of such redirection, the remitter or the payee should either obtain payment of the amount due under the money order in India, either personally or through a duly authorized agent, or furnish the Reserve Bank of India with authority permitting the remittance of the amount of the money order out of India by means of a foreign money order, as Changes to the payee’s address or the location of payment: The remitter of a money order that has not been cashed may request that the payee’s address be changed, or that the name of the post office at which the order was initially made payable be changed.
- The required change will be made without additional charge if the remitter submits an application in writing to the Post Office where the money order was issued, along with the receipt and complete details of the payee’s address as entered in the money order, to the Post Office where the money order was issued.
- Remitter of a money order that has not been paid may request that the sum be paid to someone other than the payee indicated on the order.
- Upon payment of a second commission equal to the first, the required change will be made if the remitter applies in writing to the post office where the money order was issued, provides a copy of the order receipt, and provides complete details of the payee’s address as it appears on the money order.
- A money order remitter who has not been paid may halt payment and demand that his money be returned to him.
- This is known as ″stoppage of payment.″ This will be done without additional fee if the remitter submits a written request to the post office where the money order was issued, together with the receipt and complete details of the payee’s address as entered in the money order, to the post office where the money order was issued.
There shall be no liability on the part of the Post Office for the inability or refusal to halt payment of a money order in accordance with the remitter’s request.
What Is the Difference between a Money Order and a Postal Order?
- Malcolm Tatum is a professional basketball player.
- Date: February 28, 2022 (Saturday).
- The terms money order and postal order are frequently used interchangeably, however there are a few important distinctions between the two financial instruments.
Those distinctions are centered on where the instruments are obtained, where they may be traded for cash, and who will accept each instrument as a form of payment.In certain countries, the amount of risk connected with them serves as an additional distinguishing factor between the two categories.One of the most significant distinctions between a money order and a postal order has to do with the location from which the instruments may be obtained.Purchasing a postal order directly from a national postal system, such as the United States Postal Service or the Post Office in the United Kingdom, is a common practice.
On the other hand, an independent financial service provider produces a money order, which may be acquired at any number of retail locations, including supermarkets and pharmacy shops, to be used as payment.Another significant distinction is the respective reputations of the two instruments.Creditors are generally more inclined to accept a postal money order than they are to accept a money order issued by an independent financial services company, though there are some exceptions.Forgers believe that postal orders are more difficult to fake than money orders issued by other businesses, which may be one of the reasons behind this belief.A further consideration is the fact that certain service providers have a reputation for being reluctant to fulfill payments, which may prompt some creditors to delay crediting client accounts until the cash have been received in their account.
- The face value of postal orders, on the other hand, may be posted instantly since the risks of forgery or any other issue are rather minimal.
- Another distinction between a money order and a postal order is the method through which the financial instrument is cashed.
- Many banks, as well as the majority of post offices, will instantly honor a postal order by issuing cash to the person who presents it.
- A money order, on the other hand, may or may not be qualified for rapid cashing.
- The order would be deposited into a bank account, and the presenter would have to wait for the bank to clear it before presenting it.
- Another reason why many creditors may take postal orders but will reject payment in the form of a money order is because of this.
- In terms of transferring cash or tendering payments, both orders are feasible options.
- As a general rule, postal orders are considered to be the more dependable of the two possibilities; thus, they are probably the preferable choice when there is any uncertainty about where the order will be paid.
- It is common for companies to provide detailed rules for using a money order or a postal order, including information on how long each instrument will take to post to a credit account.
- This makes it easy to evaluate which instrument is the most appropriate to use in a given circumstance.
Where Can I Cash a Postal Money Order?
- A money order from the Post Office can be cashed at a variety of different places.
- The most convenient location to begin is at your local United States Post Office branch.
- A postal money order can be cashed there without incurring any fees.
It’s important to remember that if your nearest branch is a retail store, it will need to have enough cash on hand to redeem your money order.The majority of cash will come in through retail purchases during the day, so if you try to cash your postal money order first thing in the morning, you may be out of luck.
Banks and Credit Unions
The next best option is to go to a bank or credit union for assistance. The institution may impose a little cost for cashing the instrument, which varies from one institution to the next. If you’re submitting a postal money order at your own bank, keep in mind that it may be subject to the funds availability policy of the financial institution where you’re doing business.
Grocery Stores and Big-Box Retailers
- Check and money order cashing services are still available at a number of grocery shops and big retail businesses, such as Walmart.
- Most of these, however, are subject to fees, and there may be a maximum monetary amount that may be used.
- In other words, they will not cash any checks or money orders that exceed the amount specified.
If in doubt, phone ahead and inquire with the business to see whether or not these services are provided.In these places, check cashing is often done on a fixed rate basis — for example, $4 for checks up to $1,000.
Check Cashing Centers
- Check cashing centers may be the next best option if you don’t have a bank account and are unable to travel to the Post Office or a retail store for whatever reason.
- Prepare to pay fees for these services if you want to use them.
- Many of them charge a percentage of the total amount of your check or money order.
These percentages might range anywhere from 2 percent and 10 percent depending on the situation.If you’re cashing a $500 money order, you might wind yourself paying as much as $50 in fees in order to receive your money.
Convenience Stores and Gas Stations
- Check cashing shops and convenience stores are not as uncommon as you may believe, especially in rural areas.
- However, it is still a good idea to phone ahead and confirm that your selected store provides these services.
- You’ll very certainly have to pay a charge, just like you would at a merchant or a check cashing institution.
Convenience stores and petrol stations, like check cashers, may charge a percentage of the amount of your money order as well.Once again, you’ll wind up spending more than you would if you went to the Post Office or a financial institution.
Can a Post Office Money Order Be Forged?
- However, while postal money orders are more dependable than other forms of payment, they can still be counterfeited by exceptionally skilled criminals.
- These con artists often attempt to defraud persons who sell things on the internet by sending them fictitious money orders.
- Their strategies also include enticing the general public by offering large incentives in exchange for putting the money order and sending them the monies.
The good news is that there are still techniques to determine the difference between a legal postal money order and a counterfeit one.Money orders issued by the United States Postal Service cannot exceed $1,000, while money orders issued by overseas postal services cannot exceed $700.Anything that is more than these quantities is almost certain to be a scam.When a legitimate money order is held up to a light source, it will also display a Benjamin Franklin watermark on both sides of the document.
A dark-colored security thread going from top to bottom on the right side of the watermark with the letters ″USPS″ flowing both forward and backward will also be included on these stamps.
How Can I Avoid Money Order Scams?
- To prevent being taken advantage of, you must be able to identify when someone is attempting a money order fraud. We’ve previously discussed a few of frequent variations, including the ″deposit aid″ strategy and the use of fictitious money orders to pay for things. However, there are a few different variations that cunning criminals may experiment with: Buyer’s regret is defined as follows: The fraudster gives you a payment and then decides not to purchase your items, but he offers to let you keep a portion of the amount as ″goodwill″ compensation.
- Reversal of the rental agreement: The fraudulent payment is for an apartment or real estate, and it is similar to buyer’s remorse. However, as was the case yesterday, the miscreant demands that all of the money be returned.
- ″Paying too much″ for a purchase: Your debtor sends you a money order for an amount greater than what you owe. When you send them the difference back, they say, ″Oops!″ and ask you to send them the difference back.
- Before depositing or cashing any money order, make sure that the monies are in the account.
- Authenticity may be determined by cross-referencing the money order with the issuer’s sources of supply.
- If the sender puts pressure on you to respond immediately, that is a clear indication that you are being scammed.
Furthermore, if you sell on eBay or other comparable platforms, you should never take payment in the form of checks or money orders.Whenever possible, insist on payment via traceable means.After several years working in the teleconferencing sector, Michael made the decision to pursue his lifelong interest in trivia, research, and writing by pursuing a full-time career as a freelancing writer.As a result of his contributions to print and online media, including SmartCapitalMind, as well as poetry collections, devotional anthologies and various newspapers, he has earned a reputation as a thought leader in the financial services industry.
Malcolm has a variety of other hobbies, including vinyl record collecting, minor league baseball, and cycling.Malcolm Tatum is a professional basketball player.After several years working in the teleconferencing sector, Michael made the decision to pursue his lifelong interest in trivia, research, and writing by pursuing a full-time career as a freelancing writer.As a result of his contributions to print and online media, including SmartCapitalMind, as well as poetry collections, devotional anthologies and various newspapers, he has earned a reputation as a thought leader in the financial services industry.Malcolm has a variety of other hobbies, including vinyl record collecting, minor league baseball, and cycling.
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How Much Does a Money Order Cost at Walmart?
- ©Walmart Using a money order is a convenient option if you need to pay a bill or purchase something with a check but do not have access to a bank account.
- Money orders are inexpensive and simple to get – you can get one at your local Walmart for as little as $5.
- What is the cost of a Walmart money order in dollars?
While the actual rate varies from shop to store, the fee at your local Walmart is no more than $1, which is a fairly reasonable fee in this market.Compared to this, the United States Postal Service costs $1.45 for money orders up to $500 and $1.95 for money orders between $500 and $1,000, respectively.Explore the money order options available from Walmart to see if this is an appropriate location for you to purchase a money order.
What Is a Walmart Money Order?
- A Walmart money order is similar to a prepaid check or bank certificate in that it is pre-paid in advance.
- To obtain a money order from Walmart, you must pay the amount that you need to send, as well as a minor charge.
- After that, you’ll be given a money order, which you’ll need to fill out with your information as well as the information for the beneficiary.
One of the primary advantages of a money order is that it is paid in advance, which means that it will not bounce like a personal check.Money orders are issued with serial numbers, allowing them to be tracked down.It is normally possible to cancel and reissue a money order in the event that it is lost or stolen, provided that you have kept the stub that contains all of the necessary information.
Walmart Money Order Payments
- Walmart does not accept credit cards as payment for money orders, and vice versa.
- If you need to purchase a money order, you’ll need cash or a debit card to complete the transaction.
- Once you have received your Walmart money order, keep in mind that it is equivalent to cash.
Walmart recommends that you fill out all of the required areas, such as your name and the name of the receiver, as soon as you purchase the item.
Walmart MoneyCenter Services
- Even though Walmart does not operate as a bank, it is able to issue money orders due to the fact that they are prepaid financial instruments. There are a variety of payment options available at the Walmart MoneyCenter if a money order is not adequate for your needs. Walmart MoneyCenters, on the other hand, provide a wide range of financial services, including the following: Credit cards, Walmart MoneyCards, Bluebird cards, and Netspend Visa with Rapid Reload are all acceptable methods of payment.
- Bill payment and check cashing services are available through MoneyGram transfers or MoneyGram money orders.
- Money transfers using Western Union and Walmart2Walmart are available. Ria is the driving force behind this project.
- Check printing and bill payment are two options.
Does Walmart Cash Money Orders?
- Money orders can be cashed at banks, check-cashing businesses, and select shops, including grocery stores, among other places. Walmart will pay money orders that have been issued in the store for a small charge. If you want to cash a money order, you’ll need to provide identification to establish that you are the authorized receiver. Walmart also provides check-cashing services on a wide range of financial instruments, which might be useful if you are anticipating a payment that is more than the $1,000 money order maximum set by the government. Walmart will accept any of the following forms of payment: The following are examples of money orders: MoneyGram money orders purchased at Walmart
- cashier’s checks, tax and payroll check, government check, insurance settlement check
- 401k or other retirement payout checks
- In general, Walmart has a check-cashing maximum of $5,000, however this limit is lifted to $7,500 from January through April to enable for the cashing of higher tax returns.
- The cost to cash checks and money orders for quantities less than $1,000 is a maximum of $4; for sums greater than $1,000, the price is a maximum of $8.
- You may either receive the money in cash or have it placed onto a Walmart MoneyCard, which costs $1 to purchase but does not charge a fee to refill it on future occasions.
Journalist Jami Farkas assisted with the reporting for this piece.As of January 18, 2022, the information is correct.Following his graduation from UCLA with a B.A.in English with a Specialization in Business, John Csiszar worked as a registered representative in the financial services business for 18 years before retiring.
As a result of his experience working for a large Wall Street wirehouse as well as his own financial advising business, Csiszar obtained the Certified Financial Planner and Registered Investment Adviser credentials, as well as being certified as a life agent.Csiszar handled approximately $100 million in client funds during his stint as an adviser, while also offering hundreds of customers with tailored investment programs.
Cashier’s Check Vs Money Order: What’s the Difference
- However, while a cashier’s check and a money order are both payment methods that may be used in place of cash or personal checks, the similarities and differences between them end there.
- A cashier’s check is issued by a bank, and it is available in bigger dollar quantities than a money order.
- It is also more expensive than a money order since it is issued by a bank and is more safe.
In most cases, a money order may be obtained at a check cashing shop, post office, grocery store, and a variety of other locations.Money orders are often limited to less than $1,000 in value, and the charge is less than that of a cashier’s check.In most cases, a money order may be obtained at a check cashing shop, post office, grocery store, and a variety of other locations.Money orders are often limited to less than $1,000 in value, and the charge is less than that of a cashier’s check.
For more information on the differences between cashier’s checks and money orders, continue reading this article.If you’re interested in learning what a cashier’s check is, we have a separate article for you.
Cashier’s Check vs Money Order Comparison Chart
- Issued by and acquired from a financial institution
- Backed by a financial institution
- Available in quantities ranging from very tiny to extremely huge
- A typical cost is between $5 and $10.
- It is said to be more secure than a money order.
- It is beneficial for both big and one-on-one transactions.
- Purchased from a variety of sources, including retail establishments, post offices, check cashing services, banks, and other financial institutions
- It is backed by the retailer that sold it.
- In other cases, the maximum amount is $1,000 or less, depending on where it is purchased.
- There is no requirement for a bank account.
- The typical cost is between $1 and $2.
- It is thought to be less secure than a cashier’s check.
- Small transactions and transactions completed over the mail are made possible by this method.