You can cash a USPS money order at a Post Office for free. You can also cash them at most banks and some stores. Rural carriers may cash money orders if they have enough money on hand.
Welcome to Kitco News’ 2022 outlook series. The new year will be filled with uncertainty as the Federal Reserve looks to pivot and tighten its monetary policies. At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory.
Where can I purchase an international money order?
Money orders can be purchased at any Post Office™ location. To find a Post Office that sells International Money Orders, go to the Post Office Locator (click ‘Post Offices’ > ‘Refine search’ > ‘Money Orders’) or call 1-800-ASK-USPS (1-800-275-8777). Money orders can also be purchased from rural carriers and some contract stations.
How much does it cost to send a money order?
USPS usually charges around $1.25 for money orders up to $500, or $1.65 up to $1,000. Find a local office: You can find the closest local USPS here. MoneyGram is another popular issuer of money orders. And it also cashes money orders at some of its locations.
How do I cash a money order at Western Union?
Find a local office: You can find your nearest Western Union location here. If you have a USPS money order, then going to your local post office is a great option for cashing a money order, as it’s so convenient.
Where can I cash United States postal service money order?
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 send a money order through the post office?
- 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.)
24 Places to Cash a Money Order Near You Today (Some for Free!) – MoneyPantry
- If you want money right now and have received a payment in the form of a money order, it’s likely that the first thing on your mind is what happened. Throughout this essay, we’ll go through how to cash a money order and the best places (Walmart isn’t the only store where you can cash a money order!) to do so. Before we get into the list, for those of you who are unfamiliar with this kind of payment, a money order is quite similar to a check in both look and function, as you can see in the image below. There is a distinction between the two in that money orders are pre-paid, and as a result, they are typically considered to be a more secure method of payment than checks. This is one of the reasons why many individuals choose to utilize money orders rather than checks. These days, there are a dozen or so establishments that really issue money orders. MoneyGram, Western Union, the Post Office, PayPal, Walmart, and Xoom are just a few of the most well-known money-transfer services available today.
Suppose you’ve been issued a money order and you’re wondering where you may acquire the cash to pay for it. You have the option of receiving cash in exchange for a money order or having the funds transferred into an account, and we will go through how to accomplish this in detail below.
How do you Cash a Money Order?
- You may convert your money order into cash by following the steps outlined below. Step 1: Take the money order to a location that accepts them as payment.
- Step 2: When you’re ready to hand over the money order to the agent, you’ll need to endorse it by writing your name on the back of the money order.
- Step 3: You’ll be required to present identification to prove that you have the authority to cash the money order. Each establishment will very certainly have its own set of guidelines about what constitutes a legitimate ID. The most secure form of identification is a government-issued ID, such as a driver’s license, passport, permanent residence card, or military identification card.
- Step 4: Pay any fees that may be incurred as a result of the service.
- Step 5: Collect your money.
- Please keep in mind that the name on your identification card must match the name on the money order, regardless of where you cash the check.
- As a result, be certain that the sender writes your name on the money order exactly as it appears on your picture identification.
- Also, if the money order contains an address box, verify sure the address on your picture ID matches the address on the money order.
Places to Cash Money Orders
- Even though there are a plethora of establishments that offer money orders, there are significantly less that accept and cash them.
- As a result, you may find yourself with far more restrictions when it comes to cashing money orders than when it comes to purchasing them.
- For example, numerous grocery shops, including Publix, Meijer, and Winn-Dixie, sell money orders but do not accept them as payment.
However, you still have a plethora of alternatives at your disposal.We’ve compiled a list of locations that accept money orders.
1. At your Bank or Credit Union
- If you want to cash your money order for free, your local bank or credit union is, without a doubt, the finest place to go. Because banks typically have significant sums of money on hand, it’s probable that they’ll be able to pay the entire amount at the time of request. A money order may be cashed in most banks, regardless of whether or not you have a bank account with that particular institution. However, you will almost always be required to pay a little price. Furthermore, in order to cash big money orders, you are typically need to be a bank account holder. Citibank, Commerce Bank, HSBC, SunTrust, TD Bank, Bank of America, Capital One, Chase Bank, Regions Bank, and US Bank are just a few of the well-known financial institutions that take this approach.
2. At the Money Order Issuer (Post Office, MoneyGram and Western Union)
- What does it matter if you do not have a bank account? How do you cash a money order if you don’t have access to a bank account? If you don’t have a bank account or don’t have access to a branch, it’s a good idea to cash the money order at a facility that is affiliated with the organization that issued the money order to you. Although money orders may be obtained from a variety of different sources, the most prominent of them are: MoneyGram, Western Union, and the United States Postal Service
Keep in mind, however, that not every location that issues money orders also cashes them, as we previously said. Listed below are a few well-known establishments that issue money orders and, in some cases, cash them as well:
- The money order company Western Union not only offers money orders, but certain of its facilities may also be able to cash money orders.
- You may get in touch with them to inquire about whether or not they accept money orders.
- Please keep in mind that Western Union claims that not all of its locations, including those where you may purchase a money order, are capable of cashing money orders in their whole.
Find a local office: You can look out the location of your nearest Western Union branch here.
At the Post Office
- If you have a money order from the United States Postal Service, traveling to your local post office to cash it is a convenient choice because it is so close by.
- Additionally, certain post offices will not charge a fee for USPS money orders.
- If you have a big money order to cash, you may want to phone ahead to make sure they can accommodate you.
Money orders up to $500 are typically charged approximately $1.25, while money orders up to $1,000 are charged around $1.65.Locate a nearby office: You may locate the address of the nearest USPS branch office here.
MoneyGram is another another well-known provider of money orders. In addition, it accepts and cashes money orders at a number of its locations. You can check the location of your nearest MoneyGram office by visiting this website.
When you deal with the issuer directly, you may be able to lower the amount of fees you have to pay. In fact, it is sometimes completely free! Furthermore, you have a better chance of receiving the whole amount of cash sooner. Simply check the back of your money order to discover who issued it, and then go to one of the locations listed on the money order.
You may cash MoneyGram money orders at the same location where you can get your keys created, which is correct. Because there are so many Walmart shops in the area, it’s probable that you’ll be able to locate one that is convenient for you. Locate a local office: Visit this page to locate the Walmart store closest to you.
- Money orders can be cashed at Kroger and other retail brands that are part of the Kroger family by contacting Money Services.
- Money Services desks may be found at more than 2,000 Kroger and other Kroger brand shops, among other locations.
- When you arrive at the Money Services counter, simply follow the procedures we outlined above to cash your money order!
You have the option of receiving the money in cash or having it placed into a prepaid card.There is a price for cashing money orders, but the fees and restrictions differ from state to state, so contact or visit your local location for more information on cashing money orders.Locate a local office by using the following information: Make use of this tool to locate the Kroger store closest to you that has a Money Services counter.
5. Other Stores to Cash a Money Order
- We’ve included a few locations where you may cash money orders above. In addition, we said that the number of locations where you can really cash money orders is far less than the number of locations where you may purchase them. Consider looking for grocery stores, merchants, and even certain liquor stores and petrol stations that offer modest financial transaction services as an alternative to traditional financial services providers. You may find a variety of retailers that provide this service, including: Stop and Shop (find your nearest store here), Hy-Vee (find your nearest store here), and WinCo Foods (find your nearest store here).
It’s usually good contacting around to your local businesses in general to find out which ones accept money transactions and how much they charge for these transactions.
6. Check Cashing Places
- Those places that aren’t banks but will cash your check? You’re probably familiar with them. Yes, the ones with outrages fines, that’s right. They also accept money orders, although this should only be used as a last option in extreme circumstances. Why? Why? Because they charge exorbitant costs. Some companies charge as much as 10% or even more. As a result, I do not advocate that you use them
- nevertheless, because this page is about all of the establishments that accept cash money orders, I will include a few of them for individuals who may not have access to other alternatives. ACE Cash Express, Speedy Cash, Amscot, Friendly Check, Money Mart, Check Into Cash, and others are among the leading cash checking locations that also cash money orders (although at exorbitant costs!).
Please, if at all possible, choose one of the other alternatives. You don’t want the fees to take up a significant portion of your final payment.
How to Deposit a Money Order
- If you have a bank account or do not require the money from the money order in cash, having the money deposited into your bank account rather than cashing it is often a better alternative than cashing the money order.
- You won’t have to worry about leaving the bank, post office, or store with a large amount of cash in your pockets, for starters.
- As a result, there is a significantly lower likelihood of the money being lost or stolen.
Apart from that, having the money deposited directly into your bank account is often more convenient.Although you may have to wait a little longer to get the funds, this is unquestionably the safest and most convenient method of receiving payments via a money order.The procedure for having the money deposited into your account is the same as the procedure for having the money order cashed.In order to get the cash, you’ll need to sign it and provide identification.
Avoiding Money Orders Scams & Fraud
Despite the fact that money orders are regarded a safer payment method than personal checks, there are several precautions you should take to avoid scams and fraud while using money orders. These are some examples:
Only accept money orders from people you trust
- Most of the time, you’ll only want to accept money orders from close friends and family members.
- If you need to accept payments for your business, only accept money orders from local clients if you can help it.
- Money orders should be avoided when selling anything online, such as on Craigslist or eBay, because they are difficult to track and can be fraudulent.
Accepting money orders as a payment option for in-person payments is acceptable since you may inspect the money order and obtain a copy of their picture ID, as well as exchange contact information in the event that a problem with the money order arises.
Look for warning signs on whether a money order is legitimate
- Money order issuers frequently employ their own fraud-prevention measures on their money orders, such as: multi-colored reflective threads
- multi-colored reflective threads
- multi-colored reflective threads
- multi-colored reflective threads
- and multi-colored reflective threads.
- A monetary figure that has been printed by a machine
- A serial number and issue date that have been machine-printed
- Any of these items, including something as simple as a scrawled dollar figure, indicate that the money order may not be valid and should be avoided at all costs.
- Watermarks should also only be seen when the money order is held up to the light, not when it is folded.
- It’s possible that you’ll have to move the money order about in the light at different angles in order to see it properly.
A possible warning indicator is when the watermark on a money order may be seen even when the money order is not held up to the light.Also, examine for any spots where the ink seems to be particularly brighter or darker than the rest of the paper, or any locations where the ink has leaked, since these might be indicators that the money order is a fake.Additionally, try to see whether the serial number or cash amount appears to have been tampered with.Any of the warning indicators listed above should prompt you to contact the money order issuer to confirm the legitimacy of the money order you currently have on hand.Examine photographs of valid money orders available on the internet and compare your money order to these samples before sending your money order.
Only accept money orders for the amount you’ve asked for
- When it comes to money orders, a frequent scam includes the sender sending you a money order that is worth a larger amount than the amount you have requested.
- The sender will then ask you to mail or digitally transfer a portion of the monies back to them, which you will do.
- As a result, you should never accept money orders that are worth more than the amount you have requested, and you should never return money to its sender.
Try to Cash your Money Order as Soon as Possible
- Some money orders do not expire, while others do so a year from the date of issue, unless otherwise stated.
- For this reason, if you want to be certain that you will receive your money, make sure that you cash your money order within a year of when it was issued.
- Money orders have terms and conditions printed on the back, so check there to see whether it has an expiration date before using it.
When you cash your money order as soon as possible, you ensure that you will receive your money.
- Here are a few useful resources that include information and tools to assist you in identifying and avoiding money transfer-related scams and frauds. Fraudulent wire transfers through Western Union and Money Transfer Services are two of the most common kinds of fraud, according to the Federal Trade Commission.
- Scams involving forged checks and money orders should be avoided, according to the Federal Deposit Insurance Corporation.
I hope this never happens to you, your family, or anybody else, but if you have been a victim of a Money Transfer-related fraud, please report it to the Consumer Financial Protection Bureau or the Federal Trade Commission (FTC) by calling 1-877-382-4357 or sending an email to [email protected].
- With your newfound knowledge about where you can cash a money order in your area, the next time you receive a money order payment, try visiting one of the locations listed above.
- If you cash a money order anywhere other than your bank, you will almost always be required to pay a charge.
- In other words, if you don’t already have a bank account and you get money orders on a regular basis, you should seriously consider creating one.
You’ll save money on fees as a result!Consider using one of the ways listed above to get your money order cashed or put into your bank account as fast and conveniently as possible.
How and Where Do You Cash a Money Order?
- In terms of both look and function, a money order is quite similar to a check.
- You can treat it in the same way that you would treat a check that is made out to you.
- A money order can be cashed in person, or it can be deposited into a bank account for immediate access to the funds.
Until you take action, it’s just a piece of paper.Several locations, including banks and convenience shops, accept money orders as payment for goods and services.
- The procedure for cashing a money order is quite similar to the procedure for cashing a cheque.
- You may cash a money order at your bank or at a number of retail locations as well. You can also take it to the person who issued the money order.
- In the event that you do not deposit the money order into your bank or credit union account, you will almost certainly be charged a fee, albeit the price may be little depending on the quantity of the money order.
- Due to the fact that money orders might be canceled, it is critical to cash and deposit them as quickly as possible, particularly if you do not know the people or company that paid you with one.
How To Cash a Money Order
Converting a money order into cash is a reasonably simple procedure that involves the following steps:
- Take the payment to one of the following locations that accepts checks and money orders: Check-cashing services are available in a variety of locations, including banks, credit unions, groceries, and convenience stores.
- Endorse the money order in the same way as you would a check: Sign your name on the reverse of the card. Hold off on doing so until you’re inside and ready to hand the money order over to a teller or customer care representative, for example.
- Demonstrate proper identification: You’ll need to make sure that you have the proper authority to cash the money order. A government-issued picture identification card, such as a driver’s license, passport, or military identification card, is the most secure alternative.
- Pay any costs associated with the service: As a result of these expenses, the overall quantity of cash you receive is reduced.
- Take care of your money. After completing your transaction with the customer support representative, place it safely in your pocket, handbag, or wallet.
The Best Ways To Cash a Money Order
Money orders can be cashed at a number of different venues. However, your best bet is generally to choose a bank or credit union with whom you already have a relationship.
Your Bank or Credit Union
- This is likely a free service provided by your bank or credit union, similar to how you receive a refund when you cash a check.
- However, it is possible that you may not be able to receive the entire amount of the money order immediately away.
- The funds availability policy of your bank will explain how much money, if any, you will be able to withdraw immediately.
The remaining sum will be put into your account and should be available to you by the end of the following working day If you’re placing a money order through the United States Postal Service (USPS), the first $5,000 must be accessible by the following business day.If you don’t live close to a branch of your banking institution, you may be able to find a more convenient solution.If you are a member of a credit union, you will most likely be able to visit a branch of a different credit union that is part of the same shared branching network as your own.
The Money Order Issuer
- If you don’t have a bank account or are unable to visit a branch, you could consider visiting a location of the money order issuer.
- The organization that produces and backs the money order is referred to as the issuer.
- You may go to a post office to cash a United States Postal Service money order, or you could go to a Western Union office to cash a Western Union money order.
Working directly with the issuer can also help you save money on fees, and it will boost your chances of receiving 100 percent of the cash as promptly as you would otherwise.Some offices, however, will not cash your money order even if they sell it to you.
Some Other Options
- In addition, you can try to cash money orders at retail locations such as check-cashing services, convenience shops, and supermarkets.
- Some bigger retail locations, particularly grocery stores, have Western Union or MoneyGram services available at the customer service desk, so you may be able to cash your money order there for no additional charge if you bring it in.
- A customer care person should be able to go over your choices with you if this is not the case.
How To Deposit Money Orders
- If you don’t require 100 percent of the money in cash right soon, it’s generally a better choice to deposit the money order into your bank account rather than cash it.
- You will be able to obtain cash later if necessary, and your savings will remain secure in the bank throughout this period.
- If you already have a checking or savings account, you can move the funds to another account if you have alternative plans for the money.
If you don’t already have an account with a bank or credit union, you can use the money order to make your initial account opening deposit with that institution.Long-term, having a bank account may prove to be beneficial in terms of saving money and time.The procedure for placing a money order is the same as the procedure for depositing a cheque.Simply endorse the back of the money order and put it as a separate check on your deposit sheet.It’s that simple.
When depositing money orders using your mobile device, proceed with caution.It is possible that banks will ask you to submit the original money order in order for them to process it, and many banks will not accept mobile money order deposits at all.Before you attempt to deposit a money order by mobile device, double-check that your bank accepts such deposits.
Fees for Cashing Money Orders
- When you cash a money order anywhere other than your bank, you should expect to pay a charge.
- Transaction fees, which are often few dollars or a percentage of the total revenues, will be charged in most cases.
- These costs may mount up quickly, especially at check-cashing and convenience stores, where rates are frequently greater than at other locations.
And they don’t always make it obvious how much they are charging for their services.Most Walmart locations will cash a money order issued by MoneyGram for a maximum charge of $4 if the value is $1,000 or less, and a maximum price of $8 if the value is $1,000 to $5,000.If the value is greater than $5,000, the fee is $4.When receiving more than one or two money orders per month, it is typically advantageous to create an account at a bank or credit union, even if the bank or credit union charges a monthly maintenance fee for the account.Once you become a client, you will be able to visit your bank at any time and cash money orders or checks without incurring any additional fees.
Money Order Scams
- There are several frauds using forged money orders that may be found online.
- If you want to be certain that you will be paid, check to see that the money order is real before taking the order.
- This can be accomplished by discovering and dialing the phone number associated with the alleged issuer.
Take care not to accept a money order for a sum bigger than the amount you’ve requested, cash it, and then return the excess funds back to your ″client.″ A money order scam is nearly always involved, and you will ultimately be held liable for the whole amount of the fake money order.You should cash or deposit a money order as quickly as possible after verifying that it is real.If you are concerned about fraud, you should cash it immediately.It is possible for the buyer of the money order to cancel the order after it has been sent to you by the postal service.
The Best Places To Buy a Money Order
If you want to issue a money order because you don’t want to utilize your bank account for any reason, you may typically receive one straight from your bank. It’s also possible to acquire them at any United States Postal Service location.
Frequently Asked Questions (FAQs)
How do I cash a money order made out to someone else?
It is necessary for the original payee to sign the money order over to you before you may cash a money order that has been made out to someone else. The procedure is the same as if you were handing up a check. Payment must be made using a money order. The payer must sign their name and write ″Pay to the order of″ on the endorsement line on the reverse of the money order.
Where can I cash a money order for free?
Go to your local bank or credit union, if you already have a checking or savings account there. When you cash a money order at a retailer or bank where you do not have an account, you will often be charged a few dollars.
Where can I cash a money order on a Sunday?
Money order cashing is available at select merchants and grocery stores on Sundays, while banks are often closed on Sundays. MoneyGram money orders may be cashed at Walmart on Sundays, which is open throughout the year.
17 Best Places To Get Money Orders
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Money orders are a common method of payment for persons who do not have access to a bank account or credit card.A money order may be obtained through a post office, which is one of the most popular locations to do so.However, getting to a post office may be a significant nuisance, and once there, you run the danger of being stuck in enormous queues.The good news is that there are plenty more establishments that accept money orders.The difficulty, however, is that not all of these locations provide the most competitive rates on money orders.
As a result of this piece, you will be aware of the 17 greatest sites to obtain a money order in the event you require one.
1. United States Postal Service
- In terms of convenience, the United States Postal Service is the ideal place to obtain a money order.
- The company has hundreds of sites around the country, with many of them open on Saturdays for your convenience.
- They are nearly everywhere and have thousands of locations throughout the country.
In order to sell postal money orders, the charge varies depending on how much is being purchased, and they only offer money orders up to $1,000.It is also vital to note that the postal service does not accept money orders from MoneyGram or WesternUnion, but only from its own brand.Take a look at this right now: Learn how to make $1,000 a month last you a lifetime.
You may pay for a USPS money order with cash, debit cards, or traveler’s checks, among other methods. Those who need to cash a money order can do so at the post office, but they must have identification to be accepted.
2. Your Local Bank
- A money order can also be obtained from your local bank, which is another easy option.
- Money orders are available from almost all banks, however they often charge the highest costs of any of the locations mentioned.
- Depending on the sort of connection you have with your bank, your bank may, on the other hand, charge you relatively modest costs.
For example, if you have a high-tier checking account with them, as well as loan accounts with them, such as a mortgage, you may be eligible for a lesser charge on your account.In rare instances, you may also be eligible for complimentary money orders.Take a look at this right now: Here’s how much $10 dollars an hour is worth on a yearly basis.
- Aside from that, many banks cap the amount of money orders they would accept at $500.
- However, depending on the nature of your relationship, you may be able to obtain a money order for a higher denomination.
- The majority of banks will take cash or a debit card as payment for your money order.
Because every bank is different, make careful to inquire before you go so you know what type of payment to bring with you when you go.
3. Your Local Credit Union
If you live in a region where there is a credit union, you can contact them for assistance. Credit unions not only enable you to purchase money orders, but they also allow you to cash them. However, in order to acquire the lowest fees and obtain a money order for the amount you want, you may need to be a banking customer at the time.
- Walmart is one of the most convenient locations to obtain a money order.
- Apart from the fact that there are numerous Walmart outlets all across the country, they just charge up to $1.00 depending on the quantity.
- Another advantage is that you may obtain a money order for amounts more than $1,000.
If you want one for a sum more than this, you must present identification issued by the government.You can pay for the money order with cash or a debit card, depending on your preference.Take a look at this right now: Discover the advantages and disadvantages of using debit cards.
If you have a money order that you need to cash, you may do it at your local Walmart store. The costs, on the other hand, are significantly higher, ranging anywhere from $4 to $8.
7-11 is a popular spot to receive a money order because it is also a countrywide chain with over 8,500 locations. It varies from location to location, and the fees for a money order are varying based on the amount being sent. Take a look at this right now: Discover the most effective methods of obtaining free gas.
- The bare minimum charge is $0.65; otherwise, the price is between 1 percent and 3 percent of the transaction.
- For example, if you get a money order for $50, the price is $0.65 per money order.
- If you get a money order for $200 and the cost is three percent of the amount, the price is six dollars.
There is a $500 limit on the quantity of money orders you may get.Paying for the money order may only be done in cash at 7-11.If you want to cash a money order, you’ll have to choose another option from the list because 7-11 does not provide this service.
- Kroger is a grocery store chain that has 2,700 stores in 35 states, according to its website.
- Their names may vary depending on where you live, and they may go by a variety of names such as Fry’s, Smith’s, King Soopers, Fred Meyer, Ralph’s, Pick ‘N Save, and other similar names.
- The charge for money orders varies depending on where you go, but it is often between $0.84 and $0.88.
The maximum amount for a money order is $1,000, although according to Kroger, there may be exceptions to this rule.You can pay for a money order with cash or a debit card, depending on your preference.You may also cash a money order at Kroger if you have one.Kroger demands a valid government identification card regardless of whether you are sending or receiving a money order.
- Meijer is another another grocery chain that operates in the Midwest, notably in the states of Ohio, Michigan, Indiana, and Illinois, as well as other states.
- For a money order, the maximum amount is $500, and they have a daily restriction of $3,000 for each order.
- The price is a flat $0.65 each transaction, regardless of the amount, making this a fantastic bargain.
Meijer accepts cash or debit cards as payment for money orders purchased in the store.Money orders cannot be cashed at Meijer, thus you will need to find an other method of payment in this situation.
- For those of you who reside in the Southeast, Publix is a supermarket shop that also provides money order services.
- A money order costs $0.99, and you may purchase them in denominations ranging from $100 to $1,000.
- However, if you have a legitimate ID card, you may be able to purchase larger quantities in some instances.
Publix accepts cash or debit card payments in exchange for the money order.They do not accept money orders as payment.
CVS is a nationwide pharmacy business that has more than 10,000 stores. You can purchase money orders with a value of up to $500, with a daily limit of $2,500 per day. Take a look at this right now: Personal checks can be cashed at the following locations.
No matter how much money is in the money order, the cost is $1.25. Only cash is accepted at CVS, and money orders are not accepted as a means of payment at this location.
10. Rite Aid
A money order can be purchased at this location if there is no CVS nearby but there is a Rite Aid nearby. The maximum amount that may be sent is $500, and the charge is a fixed $0.99. You can pay for the money order with cash or a debit card, depending on your preference. Rite Aid, like CVS, does not accept money orders as payment.
- Walgreen’s does not provide traditional money orders in the same way that the other businesses on this list do.
- Instead, they now provide Western Union money transfers, as opposed to previously.
- These are a more efficient and, in some cases, safer method of sending money to others and paying bills.
Take a look at this right now: Learn how to save money on your monthly payments in a short period of time.
Using the Western Union app, you may set up the transfer, and then pay for it at a nearby Walgreen’s store. Paying for the money transfer can be done in cash, with a debit card, or with a credit card. The costs vary depending on how much you are sending and where you are sending it, whether it is locally or globally based.
12. Online Companies
- When it comes to international money orders, what should you do if you want to send money to a foreign country?
- A domestic money order is one that is only valid in the United States, which means that the majority of money orders you purchase are domestic money orders.
- You should consider using an internet company if you wish to transmit money across international borders.
There are websites that allow you to transfer money online for a little cost, and these are known as money transfer websites.The cost will differ depending on whether you pay with a bank account or a credit card.Take a look at this right now: To understand more about the advantages and disadvantages of credit cards, please visit this page.
If you are transferring money in a different currency, there may also be exchange rate costs to consider.
13. Check Cashing Company
- Another alternative is to go to a local check cashing shop and cash your check there.
- The availability of these varies based on your location, so conducting an internet search for ‘purchase money orders near me’ will help you locate one nearby.
- The results will include the majority, if not all, of the locations where you may purchase a money order in your region.
Make sure, though, that you complete your homework before making a decision.These establishments are known for charging the highest rates; thus, if you are in close proximity to one of the other alternatives listed, they are likely to be a more affordable option.Inquire about the various methods of payment as well.While most will accept cash, some may also accept debit cards or other means of payment in addition to cash.
- Although Money Gram provides money orders at many of the sites listed in this post, they also operate retail outlets around the United States that accept money orders.
- If you have one in your area, you might wish to go to them directly to purchase your money order if you have one.
- The maximum amount of Moneygram money orders that may be sent varies by region, and the costs that are charged are determined by the amount of money ordered and the method of payment utilized.
You can pay with cash, an online bank account, a debit card, or a credit card while using MoneyGram.Using a debit or credit card to make your payment results in a considerable increase in costs.
- Western Union, like Money Gram, has outlets all throughout the United States, allowing you to send money here without having to go through an intermediary.
- The quantity of Western Union money orders you may purchase, as well as the fees associated with them, vary from place to location.
- In certain places, you can pay for a money order with cash, a debit card, or a credit card in addition to a money order.
In order to ensure that your money order is cashed, it is important to phone beforehand as not all stores provide this service.
16. Your Local Grocery Store
- For those who reside in an area where there isn’t a huge grocery store chain like the ones described above, you can shop at your local grocery store for your groceries.
- There is a slim probability that they will accept money orders.
- Simple as that: walk up to the customer service counter and inquire about money order purchases.
Just make sure to inquire about costs, value restrictions, and whether or not they are affiliated with Money Gram or Western Union.If they are unable to assist you, one of the other choices suggested in this post will be able to assist you.
17. Local Convenience Store
Money orders are available for purchase at the majority of convenience shops. Again, you must be aware of the costs, payment options, and time constraints before you go in order to ensure that you have all you require.
Frequently Asked Questions
The following are the most frequently asked questions I receive regarding money orders.
What is a money order?
- A money order is quite similar to a paper check in appearance.
- It is a piece of paper that has a monetary value attached to it.
- A money order, on the other hand, is not connected to a checking account in the same way that a check is.
As an alternative, you can go to a store that sells money orders and hand them the amount of money you want the money order to be valued at.The majority of locations will charge you a fee in addition to the amount of the money order you are attempting to cash.
Why use a money order?
- There are several advantages to using a money order over both cash and cheques.
- For starters, it is risk-free.
- The fact that you are purchasing the money order from an authorized agency gives you the assurance that it has not been tampered with or illegally created.
There’s also no risk of someone snatching your checkbook and using it to write cheques from your bank account.Take a look at this right now: Learn how to keep your identity safe from theft by reading this article.They are preferable to cash since they provide a receipt and a paper trail in the event that the money order is lost or stolen.It is the most secure choice for individuals who do not have access to a bank account to pay for purchases at the end of the day.
What can you pay for with a money order?
- In some cases, a money order can be used to pay for a number of different items.
- Here are a few illustrations: 1.
- Transfer money to friends or family members.
2.Make a monetary donation to someone who is incarcerated.3.Make your payments on time.Use cash instead of a credit card to pay for a major transaction.
Basically, you can use a money order to pay pretty about anyone you want, wherever.
How much do money orders cost?
- The costs charged for money orders vary depending on who is selling the money order.
- The majority of establishments impose a variable cost that varies according on the size of the money order.
- Some establishments, on the other hand, impose a set cost.
The price for each money order is usually less than $1.00 in most cases.Grocery shops and petrol stations typically charge more rates simply because they provide a more convenient service.A money order may usually be obtained at your local bank, but depending on where you reside, a pharmacy or grocery shop may be able to provide you with a better deal.It is for this reason that it is important to look around before purchasing a money order.
How do I pay for a money order?
The majority of locations will accept cash or a debit card in lieu of a money order. Some establishments will take credit cards, however this is an uncommon occurrence.
How to track money orders?
The quickest and most straightforward method of tracking your money order is to utilize the confirmation number printed on your money order receipt. It will be possible to hunt it down online or by phoning an automated phone number in the majority of cases. In addition, you can return to the location where you purchased the money order.
How much can I get a money order for?
- This, too, differs depending on where you are.
- Many establishments have a maximum restriction of $500, with others going as high as $1,000 in exceptional cases.
- You may also be able to identify locations where you may purchase a money order for more than $1,000.
In addition to the overall money order limit, some locations also have a daily restriction on money orders.For example, if they only accept money orders with a maximum value of $500, they may have a daily restriction of $2,000 in place.Essentially, this implies that you may obtain four $500 money orders in a single day.
What happens if I lose a money order?
- Even if you misplace a money order, all hope is not lost.
- When a money order is issued, the issuer will usually cancel it and reimburse your purchase as long as the money order has not been cashed or deposited yet.
- If, on the other hand, someone cashes it before you detect that it is gone, there is little you can do to receive a refund from the bank.
There will also be a cost if you need to send a replacement money order to the address on the form.
How do I know if a money order I receive is legit?
- Even though money orders are a secure method of payment, you might be duped by a phony money order in the mail.
- Fortunately, there are several steps you may take to identify a bogus money order.
- The first thing to look for is the presence of a watermark.
Watermarks are placed on money orders by the United States Postal Service, MoneyGram, and WesternUnion, among other companies.The product is a fake if you don’t see one of these or another company’s logo on it.Take a look at this right now: Here are 42 interesting facts about money that you probably didn’t know.Another item to keep an eye on is the monetary value of the transaction.The majority of locations limit the value of money orders to $1,000.
If the money order you have is for a sum more than this, there is a significant possibility that it is a counterfeit.After that, take a close look at the money order.Make a note of anything that appears strange or if an area appears to have been altered, such as the dollar amount.Finally, if you have the opportunity of visiting a post office, Western Union, or MoneyGram store, take use of it.They can trace the money order and assist you in determining whether or not it is legitimate.However, there is no certainty that this will prevent fraud.
- There are 17 of the most reliable locations to obtain a money order. The most essential thing is to shop around so that you are aware of the stores that are available in your region and the costs that are charged by them. The smaller the charge you have to pay, the better off you are. Additionally, you should definitely consider having a bank account since you will be able to make payments and transmit money more readily using a check rather than a money order. Take a look at this right now: Obtain information on the amount of money you should retain in your checking account.
- Read on to learn about 17 money habits that you should cultivate.
- Read this now: Here are the most effective lottery-winning strategies.
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.
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 eB