How Much Is Money Orders At The Post Office?

A money order can usually be processed in a variety of places such as the post office, supermarket, bank or even a convenience store, but the post office is by far the most common place to purchase a money order. How much does a money order cost? On average, a money order will cost anywhere from $0.70 to as much as $10.
Money Order Fees

Dollar Amount Fee
$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

How much does a money order cost from USPS?

You will pay a fee when you purchase a money order from USPS. For a money order of $0.01 to $500, there is a $1.20 fee. For a money order of $500.01 to $1000 there is a $1.60 fee. A money order is a piece of paper that’s a safe alternative to cash or personal checks.

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.

How much does it cost for a $100 money order?

Fees may vary by agent location, but you can generally expect to pay $1.25 for a money order up to $100, or $1.50 for one up to $1,000.

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.

How much does a money order cost 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 you get a money order for $2500?

Another consideration is how many money orders you will need because the value of each one is typically capped. For example, USPS caps the maximum value of a money order at $1,000. 1 So if, for instance, you need to pay $2,500, you’ll need three money orders.

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.

Can I use a debit card to get a money order?

When using cash or personal checks put you at risk, or they aren’t accepted for payment, you can use a money order instead. 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.

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.

Is there a charge for a money order?

How Much Does a Money Order Cost? The fee you’ll pay for a money order can depend on where you buy it and the amount it’s for. For example, at the Post Office, you can buy a domestic money order ranging in amount from 1 cent to $500 for a fee of $1.30, but a money order that’s $500.01 to $1,000 costs $1.75.

How much does it cost to get a money order from Western Union?

Western Union Money Order Fees

Just like with banks, Western Union does not provide a set amount for a money order. A representative explained the rate varies by location. However, in general, these fees could range anywhere from 50 cents to $1.50 and more.

How much is a money order at Target?

Unfortunately, Target does not sell or cash money orders as of 2022. You can instead do money orders at stores like Kroger, Walmart, and Safeway, and agencies such as MoneyGram or Western Union. These cost between $1-$5 with only cash, debit cards, and credit cards accepted for payment.

Do banks do money orders?

Cashier’s checks and money orders can be purchased at banks and credit unions, but money orders can be bought at many other places, including various grocery stores and convenience stores, Western Union, the post office and Walmart.

Can you buy a money order with a credit card?

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.

Does the post office cash their own money orders?

Valid USPS money orders may be cashed at any post office if they have enough cash on hand. Your bank may also cash money orders if it is not against their rules. The post office will cash them. Bring it to your local branch and they will cash it on the spot.

How to pay for a postal money order?

– Companies that issue money orders want the most secure form of payment possible because once they issue the money order, their money is as good as gone. – You can also pay with a debit card linked to your bank account. – You cannot pay for a money order with a personal check. Checks can take a few days to process.

How Much Does a Money Order Cost?

  1. The most recent update was made on August 8, 2018.
  2. If you need cash quickly, money orders are a simple method to convert it into a check.
  3. A money order is essentially a check that is not linked to your bank account.
  4. 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.
  5. 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?

  1. On average, a money order will cost between $0.70 and $10, depending on its denomination.
  2. This will be determined by the location where you obtain your money order.
  3. Check out the chart below to discover how much a money order could cost in different places.
  4. In the case of a normal money order, Walmart.com states that it can cost up to $0.70.
  5. 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.
  6. 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.

Location Cost
7-Eleven $1 to $5
Albertson’s $0.65
Bank of America $5
Bank of the West $5
BB&T $5
Chase Bank $5
Circle K $0.99 to $1.29
Citibank $5
CVS $0.70
Family Fare $0.75
Fifth Third Bank $1.25
Giant Eagle $0.99
HSBC $5
Kmart $0.70
Kroger $0.65
M&T Bank $5
Meijer $0.65
MoneyGram $0.70
Navy Federal Credit Union $14.50
Pentagon Federal Credit Union $2
Publix $0.89
QuikTrip $1.50
Regions Bank $1
Rite Aid $0.89
Safeway $0.59
Smith’s $0.70
TD Bank $5
US Bank $5
USPS $1.20/$1.60
Vons $0.89
Walgreens $0.60
Walmart $0.70
Wells Fargo $5
Western Union $1
Winco $0.30

Money order overview

  1. 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.
  2. 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.
  3. Orders for money will always be valid, and they will never be revoked or cancelled.
  4. 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.
  5. The United States Postal Service maintains a list of nations that accept money orders.
  6. 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?

  1. Single money orders will have a maximum limit, which is often approximately $1,000 in value.
  2. 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.
  3. You may be able to trace a money order for a nominal cost in certain instances.
  4. International money orders might cost anywhere from $3 to $6 more than domestic money orders.
  5. 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.
  6. 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:

  1. A local bank may need you to have an account before they will process your money order.
  2. If this is the case, you may have to wait until you do have an account before they will process your money order.
  3. If you are sending money orders overseas, you may be restricted to sending money orders in amounts smaller than $1,000.
  4. Typically, it costs approximately $700 dollars.
  5. Make an appointment to meet with the company or individual before handing over a money order.
  6. 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?

  1. If you want to receive a money order for the least amount possible, avoid going to the bank.
  2. As an alternative, try using a less expensive option such as the local post office or even a merchant such as Walmart.
  3. For larger purchases, consider using a cashier’s check rather than a money order to pay for your items.
  4. As previously noted under the additional charges, you will be required to pay a fee for every $1,000 or so in revenue.
  5. Unless your money order is for more than $2,000, it’s generally a good idea to look into local cashier check rates instead.
  6. 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

Money Orders

  1. When sending money over the mail, money orders are a safer alternative to cash and personal checks than cash and personal checks.
  2. Money orders from the United States Postal Service® are inexpensive, widely recognized, and never expire.
  3. 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.
  4. Postal money orders are available for purchase and cashing at any Post OfficeTM store.
  5. Money Orders Can Be Sent Around the World
  1. 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.
  2. Visit any of the Post Office locations.
  3. 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.
  4. Fill out the money order with the help of a store salesperson at the counter.
  5. Pay the amount equal to the face value of the money order plus the cost for issuing it.
  6. 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.

Dollar Amount Fee
$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.
  1. Domestic money orders are non-expiring and do not accumulate interest while in transit.
  2. Money orders are cashed for the precise amount that is specified on the receipt.
  3. A money order from the United States Postal Service can be cashed at any Post Office for free.
  4. You may also cash them in at the majority of banks and select retail establishments.
  5. If they have enough cash on hand, rural couriers may be able to cash money orders.
  1. Do not sign the money order
  2. instead, write your name on it.
  3. Take the money order and a primary picture identification to any Post Office location.
  4. 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.
  1. Take your money order receipt to any U.S. Postal Service outlet
  2. and
  3. To begin a Money Order Inquiry, speak with a shop employee at the counter.
  4. 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.
  5. When it is determined that your money order has been lost or stolen, we will give you a new money order.
  1. Money orders that are faulty or damaged will be replaced by us.
  2. Make a trip to your local Post Office with the damaged money order and your receipt in order to acquire a replacement money order.
  3. 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.
  4. If you have not yet cashed a money order issued by Japan Post, please return the money order to the sender.
  5. On July 10, 2020, Japan Post announced that it will no longer accept international postal money orders issued by the Postal Service for payment.
  6. (On December 31, 2019, Japan Post discontinued the sale of international postal money orders meant for the United States.)

How Much Does Money Order Cost At Post Office

Money Order Fees Dollar Amount Fee $0.01 to $500.00 $1.45 $500.00 to $1,000.00 $1.95 Postal Military Money Orders $0.01 to $500.00 $1.45 $0.01 to $1,000.00 $1.95 (issued by military facilities) $0.50.

Where is the cheapest place to get a money order?

Money orders are often less expensive. For money orders up to $1,000, Walmart offers some of the most competitive rates, costing as little as 88 cents for customers who present proper government-issued picture identification. Depending on the quantity, the United States Postal Service charges anywhere from $1.25 to $1.76. Banks frequently charge approximately $5 each transaction.

How much is money order at the post office?

We guarantee to repay money orders that have been destroyed or that have not been cashed after 45 days (the $7.50* fee charged for each money order is non-refundable).

How much does it cost for a $100 money order?

Fees may vary depending on the location of the agent, but you can anticipate to pay $1.25 for a money order up to $100 and $1.50 for a money order up to $1,000 on average.

What is the largest amount you can get a money order for at the post office?

Purchase restrictions apply. If you are sending a money order within the United States, the maximum amount of a single domestic money order is $1,000.00. The maximum amount for international money orders varies from country to country, however it cannot exceed $700.00. It is possible to purchase multiple money orders within the same visit (no daily limit).

Do post offices do money orders?

Money orders can be purchased through a variety of financial institutions, including banks, post offices, and even exchange bureaus.

How much does a money order cost at 7 Eleven?

It will cost you 1-3 percent of the entire value of the money order to purchase one at 7-Eleven, but the amount you pay may vary depending on where you purchase the money order. A fee of $0.65 is charged as a bare minimum. 7-Eleven accepts payments via MoneyGram or Western Union, depending on the location of the store. The maximum amount that may be paid via money order is $500.

How much does it cost for a money order?

  1. What is the best place to acquire a money order?
  2. How much does it cost to send a money order?
  3. Costs Associated with the Provider The United States Postal Service Up to $500: $1.25 per dollar.
  4. $1.70 for $501-$1000 Military money orders are a type of money order that is used by the military.
  5. 45 cents is a monetary value.
  6. $10.25 for international shipping (up to $700).

Banks and credit unions are two types of financial institutions.It is determined by the financial institution.Usually, it’s roughly $5.

Is a postal money order the same as a money order?

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.

Can you pay for a money order with a credit card?

Credit card companies will often enable you to pay for a money order using a credit card, but they will interpret the transaction as a cash advance rather than a regular purchase, unless otherwise specified. Cash advance costs are typically set at 5 percent of the total amount borrowed, or $10, whichever is larger.

What is the best place to buy a money order?

  1. In 2020, there are nine best places to buy a money order.
  2. Walmart.
  3. Publix.
  4. Kroger.
  5. CVS.
  6. Meijer.

Your Local Savings and Loan Association.Postal Service of the United States of America Money orders are most likely available at your local post office.The Credit Union is a cooperative financial institution.

  • Last but not least, credit unions will typically offer money orders, and their costs are among the most competitive in the industry.

How much does a money order cost at CVS?

CVS charges a minor cost of $1.25 for processing a money order, and this price is applied to each and every money order completed. CVS is unable to accept your money order as payment. Because of CVS’s extended operating hours and extensive network of outlets, you may complete a money order at nearly any time.

Does Walmart cash money orders from the post office?

Generally speaking, it’s better to cash a money order at the store where it was first acquired. It is not necessary for it to be the exact same physical spot. It is possible that you may need to visit a Walmart to cash the check if the sender purchased it there. In addition, cashing a USPS money order at a USPS location is usually completely free.

How does a postal money order work?

  1. Money orders from the United States Postal Service cost a maximum of $1.65 for $1,000 of purchase, although banks and credit unions can charge significantly more.
  2. After you have purchased the money order, you must fill in the recipient’s name as well as your own name on the money order.
  3. Money orders are issued with a receipt, which the customer is responsible for keeping until the order is fulfilled.

What is the difference between a cashiers check and a money order?

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.

What stores have money orders?

  1. What is the best place to acquire a money order?
  2. Walmart.
  3. Walmart operates nearly 4,700 stores in the United States alone.
  4. It’s eleven o’clock.
  5. 7 Eleven convenience shops are located in almost 8,500 sites across the United States.
  6. Money orders are available at various 7-Eleven locations, however the rates vary.

CVS and Publix are two of the most well-known retailers in the United States.Meijer and Kroger are two of the largest supermarket chains in the United States.Kmart.

  • Postal Service of the United States of America

Who can do money orders?

  1. You may obtain a money order from any of the following locations: Any financial institution, including a bank or credit union.
  2. A money order may be obtained by walking into a local bank or credit union branch and requesting one.
  3. You may be required to pay a charge, which is normally approximately $5, but this should be possible.
  4. Locations where Western Union or MoneyGram can be used.
  5. The United States Postal Service 7-Eleven.
  6. CVS Pharmacy is a chain of pharmacies in the United States.

Kmart.Kroger and Meijer are two supermarket chains.

How do you get a money order?

Filling up a money order is as simple as following these five basic steps: Fill in the name of the person who will receive the gift. Fill out the purchaser area with your mailing address. If you’re paying a bill, make sure to provide your account number. Fill in the blanks with your signature where it reads ″purchaser’s signature.″ Keep your receipt for future reference.

Does Dollar General sell money orders?

Dollar General does not sell or cash money orders at any of its 16,000 stores, and neither does it accept them. Western Union, on the other hand, provides money transfer services in-store, which you may take advantage of.

How much is a money order at Kroger?

Money order costs at Kroger Family of Stores, on the other hand, often start at just $0.69 when you use your Shopper’s Card. You can purchase many money orders, even if there is a restriction to the amount that can be placed on each money order.

Can you get money orders at Walgreens?

Walgreens does not provide money orders at this time. They are also both excellent methods of receiving and sending money while banks are closed. Walgreens allows you to send money transfers of up to $6,000 and receive up to $300 in return for each transaction you make.

Send up to £250 safely and securely without needing a bank account

Key benefits

  • 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.

Prices

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?

  • If you need to make a payment or give monetary gifts, this is the option for you.
  • You’re apprehensive about disclosing your personal financial information
  • You don’t have a bank account or a chequebook, and you don’t want one.
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

How Much Does a Money Order Cost at Walmart?

  1. ©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.
  2. Money orders are inexpensive and simple to get – you can get one at your local Walmart for as little as $5.
  3. What is the cost of a Walmart money order in dollars?
  4. 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.
  5. 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.
  6. 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.

Best Places to Get a Money Order Near Me

With the proliferation of electronic payments, such as online banking and credit and debit cards, money orders have become a payment mechanism that is all but forgotten these days.Despite the fact that they are still widely utilized by millions of people, this is still the case.If you’ve never used a money order before, or if you’re not sure why you may want to, it’s something you should consider exploring.It is possible that a money order will be the preferred way of payment in certain circumstances.

Why Get a Money Order?

Cashier’s checks and money orders are the most useful in two scenarios.

You Don’t Have a Bank Account

For starters, if you don’t have a bank account, you can’t make purchases.According to the Federal Deposit Insurance Corporation (FDIC), 8.4 million homes, or approximately 6.5 percent of all households in the country, do not have a bank connection.Unbanked families are those that do not have access to financial services.More families – 24.2 million, or 18.7 percent of all households – are termed ″underbanked,″ which means they do not have access to traditional banking services.People who have a bank account but who make substantial use of non-bank financial services are classified as non-bank financial services users.

There is no description provided for what type of bank connection the underbanked have, however we may speculate that it may be persons who have a savings account but no checking account.Unbanked and underbanked households account for around 25% of all households in the United States.Because it’s possible that the majority of the group does not have a checking account, money orders are a practical alternative to checks and electronic payments in this situation.

Risk of Disclosing Personal Information

The second scenario is one in which you want to make a payment but do not want to take the chance of giving any sensitive information about yourself.When you write a check, for example, your personal information is put at danger of being stolen.Along with your name, the check includes the name of your financial institution, the routing number of your financial institution and your personal account number.That’s all it would take for a potential identity thief to grab your information.While credit cards are a more secure method of making a payment, they do come with the danger of identity theft associated with them.

Because of this, it is possible that your name and credit card account information will fall into the wrong hands.A money order, on the other hand, allows you to make a payment in a legally permissible manner without having to reveal any personal information about yourself.Sometimes that is just what you require!

How Do Money Orders Work?

Money orders function in the same manner that checks do.The primary difference between a check and a money order is that, whereas a check is drawn on a bank account, a money order is financed in advance.However, in the majority of other regards, it functions in the same way.You’ll make a money order payable to an individual or a business, and that individual or business will need to endorse the document in order for it to be paid.A money order has the benefit of being completely financed, which is advantageous from the perspective of the recipient.

In other words, it’s almost as good as cash.In contrast to checks, which can bounce if the issuer’s bank account does not have adequate cash, electronic payments do not have this problem.Money orders are available for purchase at tens of thousands of sites around the country.We’ll go into some of the more frequent spots a little later on in the chapter.Money orders can be obtained in sums ranging from $100 to $1,000 in most cases.

  1. If the amount of your payment is more than one money order, you may be required to use more than one money order.
  2. Money orders, on the other hand, are rather inexpensive.
  3. According to where they are acquired, they might range in price from less than a dollar to as much as five dollars.
  4. Paying using a money order, debit card, or credit card is the only method of payment accepted at the time of purchase.
  1. Checks are not accepted due to the fact that the money cannot be guaranteed.
  2. However, you should be aware that if you use your credit card to purchase a money order, it may be considered a cash advance.
  3. In most cases, credit card companies levy a cash advance fee in addition to a higher interest rate on the amount borrowed.
  4. However, before purchasing a money order in order to make a payment, make assured that the recipient will accept the money order.
  5. Money orders are not accepted by all retailers, particularly those that conduct business online.

Redeeming a Money Order

Generally speaking, if you’ve been paid by money order and need to redeem it, you can do it at any establishment where money orders can be acquired. In virtually all circumstances, this will include your financial institution.

Pros and Cons

Pros:

  • They’re a widely recognized mode of payment, and they’re frequently chosen over traditional checks.
  • As opposed to bank-issued checks such as certified or cashier’s checks, they are often less costly.
  • Because you pay for a money order before it is issued, there is no possibility that it may bounce. If you are receiving a money order, as well as the person to whom you are sending a money order, you will have greater confidence in the transaction.
  • They’re more secure than carrying cash, for example.
  • If you don’t have a bank account, money orders can be issued to you through the postal service instead. Cash is unable to do so.

Cons:

  • Money orders are not always accepted in all places.
  • They are significantly slower than online payments, and as a result, they are not well received by the majority of retailers.
  • They cannot be used to make purchases on the internet.
  • Money orders take a long time to process. You’ll have to go to an outlet where you may make a purchase every time you run out of something.
  • Even while money orders are typically considered to be more secure than cash or cheques, they are nonetheless vulnerable to fraud.
  • For each money order you acquire, you’ll be required to pay a service charge. Neither checks nor online payments are typically subject to a fee at most financial institutions.

Best Places to Get a Money Order Near Me

A money order is a type of check that may be used to pay for goods or services. If you’ve never purchased one before, you’ll be astonished at the hundreds of locations where they can be purchased or redeemed. The following are the most often cited sources:

The US Post Office

Money orders can be obtained from a variety of sources, including the United States Postal Service.And because there’s presumably a post office close by, they’re accessible to everyone who wants to use them.Money orders up to $500 are charged a $1.25 fee, and money orders over $500 are charged a $1.70 price.In the United States, postal money orders in values up to $1,000 are available.They may only be purchased with cash, a debit card, or traveler’s checks; credit cards are not accepted at this time.

You may also use the post office to send money orders to people all over the world.In contrast, the maximum amount of a single money order is $700, and the charge for doing so is $9.50 per order.That works out to almost 13 percent, which is a high cost for sending a payment via this method.

Your Own Bank or Credit Union

Money orders are available from the majority of banks and credit unions.However, in order to acquire one, you’ll need to establish an account with a financial institution.The terms differ from institution to institution.Money orders in amounts up to $1,000 are available for a fee of $5 from JPMorgan Chase, which is the nation’s largest bank and hence the most often used example.Money orders in amounts of $1,000 are also available through DCU Credit Union, although they are charged a fee of $3 per order.

These are just a few examples of financial institutions such as banks and credit unions.In order to determine the cost of money orders obtained at your local bank or credit union, you’ll need to contact them directly.

Western Union

Western Union operates primarily through agent locations, which can be retail outlets, convenience stores, and pharmacies.They have more than a half-million agent locations around the world, in over 200 countries, but money orders are available at “only” 56,000 locations.Fees may vary depending on the location of the agent, but you can anticipate to pay $1.25 for a money order up to $100 and $1.50 for a money order up to $1,000 on average.This is less than you will pay at either banks or credit unions, and even a few cents cheaper than the US Post Office.

MoneyGram

When it comes to operations, MoneyGram is similar to Western Union in that it operates through agent locations.It has more than 340,000 agent locations in more than 200 countries throughout the world, with more than 340,000 agents in total.It is possible that MoneyGram is one of the least expensive methods of purchasing a money order, depending on your area.You will be charged just $0.70 for each money order purchased up to the value of $1,000.You may locate a MoneyGram location by conducting a search on the internet or using your mobile device to locate one.

Pharmacies

CVS and Rite Aid are two large drugstore companies that accept money orders as a form of payment.(Walgreens, on the other hand, does not.) CVS has approximately 10,000 outlets across the country.They employ MoneyGram money orders and levy a fee of $1.25 each order for amounts up to $500.They accept payments through PayPal.Make sure to double-check with the CVS location to see whether money orders are available before you leave.

Rite Aid has more than 2,500 outlets and accepts money orders through Western Union, among other services.They are available in denominations ranging from $.099 to $500, with each one costing $.099 per unit.

7-Eleven Stores

7-Eleven is a convenience store chain that operates almost 8,000 units in the United States of America.Money orders are not available at all locations, and the terms may differ somewhat from one location to the next.You should also be aware that a money order cannot be redeemed at any of the sites listed above.The maximum value of a money order is $500, and it is subject to a charge of $0.65, or up to 3 percent of the amount of the money order, whichever is greater.(Ouch!

That may equate to $15 on a $500 money order, so 7-Eleven shouldn’t be your first pick in terms of convenience stores.)

Walmart

That Walmart sells money orders shouldn’t come as a surprise — after all, they have everything else.In addition, with more than 4,700 sites around the country, there’s likely one in your neighborhood.Furthermore, it should come as no surprise that Walmart offers some of the most competitive rates on money orders available anywhere.At the Walmart MoneyCenter, they provide money orders through MoneyGram as a service.They may be purchased in quantities ranging from $0.70 to $1,000, with a cost of $0.70 for $100 spent.

Grocery Stores

The process of purchasing a money order may not be much more complex than heading to your local grocery shop.Many businesses provide financial services to their customers at their customer service desks, which also sell money orders.For example, Kroger, one of the nation’s major grocery store chains, sells money orders through its Money Services division.These individuals make use of Western Union money orders, which may be purchased in increments ranging from $100 to $1,000.Prices vary per region, however they promote that if you have a Kroger Shopper’s Card, the fee may be as little as $0.69 per transaction.

Money orders are also available through Western Union at Safeway.The maximum amount is $500, yet the fee each transaction is only $0.59.Safeway, unfortunately, does not accept money orders as payment.These are only two examples of the nation’s largest grocery store chains, and there are many more.However, if they’re selling money orders, there’s a good possibility that your local grocery shop would as well, if not better.

Check Cashing Services

Because check-cashing firms provide financial services to consumers who do not have bank accounts, many of them also supply money orders.This is such a broad set of providers that you will need to verify with the specific check-cashing service that you use to determine availability and prices before proceeding.Also, be cautious when it comes to costs.Due to the fact that check-cashing businesses operate primarily with people who do not have bank accounts, the fees charged are likely to be greater than those charged by any of the other sources on this list.

Know Where to Get Money Orders When You Need One!

You are probably already familiar with money orders, even if you don’t have a banking account.You know where to buy them and where to pay the lowest costs, for example.Money orders, on the other hand, may be unfamiliar to you if you do not have a banking relationship.However, even if you have a bank account and are able to make payments by check or online, there may be instances in which utilizing a money order is a more preferable alternative for you.If you need to make a payment to a business that you are unfamiliar with and you are concerned about protecting your identity in any way, sending a money order will provide you with the necessary security measures.

Even if you do not intend to use a money order in the near future, it is a good idea to become acquainted with the procedure.If you do, you’ll be prepared for the day when paying with a money order is the preferable method of payment.

Cashier’s Check vs. Money Order: How to Decide

In some cases, money orders and cashier’s checks might be useful when you require a more secure payment option than a personal check or cash — or if you don’t have access to a bank account.However, there are some significant differences between them.The most significant distinction between cashier’s checks and money orders is that cashier’s checks are better for larger transactions but also tend to be more expensive, whilst money orders are available in lower denominations but are less expensive and quicker to get.

  • If this is the case, use a cashier’s check. If this is the case, send a money order. Your transaction will cost more than $1,000
  • nevertheless, you can afford to pay around $10 on a check.
  • A bank account and access to a financial institution are things you already have.
  • You’re looking for a bit extra protection.
  • Your purchase will cost no more than $1,000.
  • You have the financial means to spend $5 or less on the money order.
  • There is no access to a financial institution, or it is more convenient to purchase something from a different source.

Here’s how to figure out which is the best option for you.

When should I use a cashier’s check?

When making significant transactions, cashier’s checks are preferable.Consider the following scenario: you want to spend $5,000 on a secondhand automobile, but the seller won’t accept a personal check from you.If you don’t want to carry around significant sums of cash, you’ll need to find another form of assured payment to use.In this instance, a cashier’s check, also known as an official check, would be the preferable option.The amount of a money order issued by a business is normally limited to $1,000, but the amount of a cashier’s check issued by a business is typically unlimited.

If, on the other hand, you need to pay a $500 deposit for an apartment and are unable to do so with a personal check, a money order would be a better choice because they are often less expensive in comparison.SoFi checking and savings accounts are insured by the Federal Deposit Insurance Corporation (FDIC).Account for Chime Spending LendingClub Rewards CheckingDeposits are insured by the Federal Deposit Insurance Corporation.

Which costs less, a cashier’s check or a money order?

Money orders are often less expensive.For money orders up to $1,000, Walmart offers some of the most competitive rates, costing as little as 88 cents for customers who present proper government-issued picture identification.Depending on the quantity, the United States Postal Service charges anywhere from $1.25 to $1.76.Banks frequently charge approximately $5 each transaction.Cashier’s checks, in any denomination, will cost you roughly $10 to purchase.

A number of banks and credit unions waive the fees on cashier’s checks and money orders for clients who have specific types of accounts with them.

Which is easier to buy?

Money orders are less difficult to get.Money orders can be purchased in post offices, some retail establishments, banks, money transfer outlets, and other locations.Are you going to the shop to get milk?You might also get a money order at the customer-service counter at the airport.Cashier’s checks, on the other hand, are often only accessible from financial institutions to which you are a subscriber or member.

In the event that you are expecting to purchase any one of them online, you will have little success.When purchasing a money order or cashier’s check, issuers frequently require that you visit a physical location.If that isn’t a possibility, you may ask the receiver if you could transfer money to them through the internet in its place.This is normally free when using a bank account, and Venmo is unique among peer-to-peer transfer systems in that it does not charge consumers for using a prepaid debit card to make a payment.

Which is safer, a money order or a cashier’s check?

Cashier’s checks have the advantage of being a little more secure.Once a cashier’s check or money order has been lost, or if it has been stolen, you can take measures to reclaim your money – often by giving the issuer your receipt and requesting a refund.As a result, neither alternative is any less secure than carrying cash.On the other hand, while purchasing a money order, the purchaser fills in the name of the recipient, which is similar to writing a check.(See this page for further information on how to write a check.) If you misplace your money order before you can fill it out, anyone might cash it.

And once the money order has been cashed, it is quite unlikely that you would receive your money back.If a money order or cashier’s check is cashed illegally, you can report it to the police and fight your way through the legal system to try to reclaim the money you lost.Cashier’s checks provide a little more safety than regular checks since the financial institution fills out the ″pay to″ section on the check rather than the buyer.Another advantage of using an official check drawn out by a financial institution is that it is perceived as more trustworthy by the recipient than a money order from your local 24-hour market.However, either alternative is a reliable method of ensuring payment.

How Much Is a CVS Money Order?

Image courtesy of Jetcityimage / Getty Images In order to pay a deposit on an apartment or complete any other transaction that cannot be completed using your debit or credit card, you may need to use a money order or money order draft.If the post office, bank, or credit union in your neighborhood is closed, try making a trip to your local CVS to purchase a money order.The following are some things to think about before you reach for your keys, though.

Does CVS Sell Money Orders?

CVS offers money orders at nearly 9,900 of its retail locations.MoneyGram money orders are used by CVS, which is a supplier of money transfer and payment services.CVS sells money orders for $1.25 each, with a maximum purchase value of $500 per money order.This is a critical difference to make since if you search for ″money orders″ on the CVS website, you will not be able to obtain any useful information.While searching for MoneyGram on the CVS website, you will be led to the MoneyGram location finder page.

How Do You Fill Out a CVS Money Order?

You may be familiar with the process of purchasing a money order from a bank or credit union, but CVS offers a fantastic alternative if those locations are closed.The procedures for acquiring a money order at CVS are basic and easy to follow.Make sure you have your money ready.A money order is a product that you purchase from a service provider such as MoneyGram — it does not draw cash straight from your checking account like a cheque does.Because it is a product, such as a carton of milk, you will need to pay the full amount of the money order, plus the charge, in order to purchase it.

Payment for a money order can be made in cash or with a debit card.

Fill out the Money Order Amount and Recipient Information fields on the money order. Fill out all of the information concerning the dollar amount and the payee as soon as possible to ensure that your money order is secure. To minimize any confusion when the money order is cashed, it is best to use the recipient’s legal or business name on the money order.

Complete the Purchaser’s Address section of the form. As the purchaser, you will be required to enter your shipping and billing details.

The Front of the Money Order Must Be Signed Even though you might be tempted to sign the back of the money order, remember that here is where the recipient will sign the money order. Alternatively, you can sign your name on the front of the money order. There is a line that shows where the sign should be placed. Look for the phrases ″Purchaser/Signer for Drawer″ or anything similar.

Keep all of your receipts for future reference. A money order is quite similar to a cashier’s check in that it functions almost exactly like cash. One distinction is that you may obtain a receipt for a money order, which serves as proof that you made the transaction. Make care to save your receipt until you get confirmation that the payment has been received by the recipient.

More information may be found at How to Fill Out a Money Order: A Step-by-Step Guide.

Does CVS Cash Money Orders?

Money orders cannot be cashed at CVS, but they can be cashed at a check-cashing business or at select grocery stores if you have the right identification. It is possible that you will be charged a fee for cashing a money order, depending on the location. Alternatively, you can deposit the money order at your local bank or credit union. Find out where you can cash your check.

Is CVS the Best Place To Get a Money Order?

  • The next time you need to purchase a money order, try visiting a CVS that offers MoneyGram services in your neighborhood. A global supplier of money transfers and payments, MoneyGram is headquartered in New York City. Instead of waiting till your local post office or banking institution opens its doors, you may send money orders for as little as $1.25 per money order with a limit of $500 per money order. CVS’s partnership with MoneyGram makes it affordable, simple, and accessible. GOBankingRates has further information. What Is a Roth 401(k) and How Does It Work? Check to see whether this plan is a good fit for you.
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As of January 18, 2022, the information is correct.Jared Nigro is a writer residing in Los Angeles who has published many books.Seth’s previous work experience includes writing on a variety of personal finance subjects for GOBankingRates, where he specialized in providing actionable advise to bank clients.Besides writing on personal finance, he has contributed to environmental and socioeconomic groups such as The Daniel and Susan Gottlieb Foundation and InsideOUT Writers in addition to his own publications.

Money Orders: When and Where to Get One, and How to Cash One In

The use of a money order is a safe and easy option when you need to make or receive payment but cannot use cash, checks, or electronic transfers because of security concerns.Money orders are readily available at more than 200,000 sites around the United States and may be purchased or cashed.A money order is simply a paper check that, since it has been pre-paid, will not bounce.You may purchase one at any U.S.post office, as well as through Western Union or MoneyGram locations, which can be found in supermarkets, pharmacies, and other food and convenience stores.

You can also purchase one online.Money orders are also available through the majority of banks, credit unions, and check-cashing establishments.

Key Takeaways

  • The use of money orders provides a quick and secure method of exchanging funds when paying in cash is not possible, when the use of a personal check is not acceptable or preferred, and when a non-digital payment is necessary.
  • Money orders can be obtained from a variety of sources, including the post office, most banks, and Western Union facilities located in CVS, Walmart, and 7-Eleven stores.
  • There are advantages and disadvantages to utilizing money orders.
  • Although money orders are typically inexpensive, there is almost always a purchase cost and, in some cases, a redemption fee for the receiver when they are used.
  • Money orders are a popular tool for fraudsters, therefore it’s crucial to double-check the visual security elements on any money orders you get to ensure they’re legitimate.

When Should I Use a Money Order?

  • A money order may be the best option in instances where paying with cash, check, or a digital app isn’t ideal—or even feasible—for whatever reason. Money orders are similar to checks in that they are sent directly to persons or businesses by name, and they need endorsement and identification in order to be cashed. In this way, money orders are far more secure than cash, and the funds are protected in the event of loss or theft. Money orders have played an important part in the history of the United States. Robberies at post offices and transport routes took place throughout the Civil War, with bandits stealing cash being delivered all across the country. Money orders were invented by Abraham Lincoln’s postmaster general at the time as a remedy to the problem. Although money orders and personal checks bot

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