You can also cash them at most banks and some stores. Second, get a copy of their driver’s license or other identification – just in case the money order proves fraudulent. 2. And there are thousands of such issuers across the country, with probably many located in your own community. Note: Most of these businesses do sell money orders, but will not cash them. Most businesses will require that you provide some proof of your identity. Send money now. And, on … Further, make sure they cash the type of money order you have. They can be purchased with cash, debit card or travelers checks. In our first article on money orders, How to Get Money Orders Near Me, we covered how and where to get them. As just mentioned, you should be able to cash or deposit the money order free of charge. But don’t sign until you’re at the institution that will cash it, as some require witnessing your signature for validation purposes. Why purchase a Postal Money Order. Places That Cash MoneyGram Money Orders. They’re typically available for purchase at fees ranging from $1 to $5. It is possible to deposit it into a standard checking account at a bank, where it is typically treated the same as cash. Once you receive a money order, be on the lookout for any of the following: If you’re unsure of any of the above, go online and look up a copy of a money order from the issuing institution. While their prevalence makes them convenient, these are usually the most expensive places to cash a money order. It’s also common practice for banks to only cash money orders with a balance of up to $500 for non-customers. United States Post Office. There’s two things that you’ll need to do before you can convert your money order into cash: endorse the money order and validate your identity. A money order is like a check, but the funds are prepaid. 7 Eleven convenience stores have nearly 8,500 locations in the U.S. A lot of places cash MoneyGram money orders in addition to others. It's never a good idea to mail cash, either, so money orders can be a better alternative if you need to send funds to someone who doesn't live nearby or whom you don't want to see in person. You’ll need to check with the local store since fees and limits vary by state. This can be done the same day the money order is cashed. The deal: You can order an unlimited number of money orders at zero cost with Amscot.Money orders are always free and you can make use of the service 365 days a year. Locations: Find the nearest Amscot using the Amscot store locator. Cash can get lost in the mail or stolen. You can then deposit the money orders into your account and use the cash the way you desire. This article will give you the low-down on … In addition to the fact that money orders usually contain an expiration date, if one is fraudulent, the more quickly that’s determined, the more options you’ll have to pursue the issuer. Safeway and Publix are two examples. But you will generally need to pay a small fee. To find out how much a check cashing store near you charges to cash money orders, your best bet is to just give them a call. (We’ll cover those options later.). Several grocery stores and big box stores will cash money orders for a fee. Find your nearest store. Where Can I Cash a Money Order? Kroger can even load your money to a prepaid debit card if you prefer that payment method over the cash. On a more practical level, be sure to cash or deposit a money order as soon as you receive it. Pay a visit to Smith’s Money Services, where you can cash a check, buy a money order, pay bills and send or pick up money. That makes them equivalent to certified or cashier’s checks for payment security. The following places offer MoneyGram, Western Union, or check cashing services and may cash your money order; however, their services vary from one location to another. However, if the money order was issued by the US Post Office, they generally will not charge a fee to cash it. Terms and conditions apply. Use them to give a gift, make a purchase, or even pay a bill. Where You Might Be Able to Cash a Money Order. Using money orders internationally instead of other payment methods offers several benefits.2 One of them is convenience: a bank account is not required to purchase a money order. ACE has been earning your trust since 1968, so you know you can count on us to help you with all your financial needs. Rural carriers may cash money orders if they have enough money on hand. In this article, we’re going to focus on the flip side of that arrangement – cashing and depositing money orders at locations close to home. Western Union and MoneyGram are two of the most common issuers of money orders. And since they’re pre-funded, they can’t bounce. Whatever institution you go to cash the money order, be sure to bring proper identification. Need more details on Postal Money Orders? Expect that only government-issued forms of identification will be accepted. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. However, the main disadvantage of using check-cashing services is that they charge the highest fees possible. The app will allow you deposit almost any type of check at any time of day and get your money instantly. Unless otherwise indicated, the use of third party trademarks herein does not imply or indicate any relationship, sponsorship, or endorsement between Good Financial Cents® and the owners of those trademarks. The likelihood is even greater if the money order is payment for an item you sold on eBay or some other online platform. While many 7 Eleven stores sell money orders, the prices vary. It costs between $3 and $6 to cash a money order at Walmart, depending on the amount of the money order. Fill out a money order and you don’t need a bank account either. However, not every location that sells money orders will also cashes them. Grocery stores are not only a common source to purchase money orders, but you can often redeem them at one as well. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. can you rent a car with cash or money orders? On a practical level, money orders work much like checks. Though money orders are widely accepted, it’s important to check with the payee first, since acceptance is not universal. You can also get a money order at your local Rite-Aid drugstore. Money orders are not attached to bank accounts, so they don’t display account numbers. Fees to cash a money order will vary by location, but you may not be required to pay a fee at a Western Union agent if the money order was provided by Western Union. It doesn’t need to be the exact physical location. If there are any significant variations between the one presented to you, and what you see online, it might be a fraudulent document. But there are times when sending or receiving a money order can be a preferred method of payment. And since you’re a customer, they may be able to help you resolve it. Since banks have large amounts of money on the premises, they’re likely to be able to pay the full amount at once. Many will also have a minimum charge on smaller money order amounts, that could easily exceed 10%. Your email address will not be published. Once again, please refer to our article How to Get Money Orders Near Me to see where you can purchase money orders, as well as the fees and terms for each. They’re frequently used by people who don’t have regular bank relationships. To cash large money orders, you will need to open an account or visit a different business. You can purchase them from thousands of different outlets across the country. As a general rule, you can minimize the chance of incurring money order fraud by taking a few simple steps. Visit a post office for more information. Contact our qualified team of customer service agents with any questions you may have about ACE Cash Express and our services. If they work with Western Union, they probably won’t cash MoneyGram money orders. They have many thousands of agent locations across the country, and will generally – but not always – cash money orders where they are available for purchase. The name of the recipient and the name of a financial institution that issued the money order usually appears on the document, making it difficult to steal a money order. All about money orders . Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. WARNING: Make sure the issuer of the money order includes your name and address on the document exactly as it appears on your ID documentation. We have secure and reliable money transfer locations all over the world. The List. Bring $3 if the money order is $2,000 or less and $5 if the money order is for any amount over $2,000.01 This will cover the check cashing fee. When my wife and I were married, I can remember finding a $100 money order tucked inside one of our wedding cards. If you don’t have an ID, some banks will allow you to provide two forms of secondary ID. If the money order was issued by a bank and you don't have a branch of that particular bank nearby, you still may be able to get the money order cashed at a different bank. We have an advertising relationship with the companies included on this page. Are Roth IRA Contributions Tax Deductible? There was an error submitting your subscription. Review our full list of where to cash a money order in the section below. Compare the places that cash Western Union money orders in the table below, or click each place’s name to find more details in our list. The US Post Office is one of the most common places to both buy and cash money orders. They can be used to make payments when cash, checks, or debit or credit cards are either unavailable or undesirable. You can also use transfers from a bank account if you purchase them at one where you have an account. Checks aren’t guaranteed funds and may compromise private financial information. How Identity Theft Destroys Your Credit Score. If you prefer to deposit a money order into a bank or credit union account, you should be able to do so the same way you would a personal check. Designed by Elegant Themes | Powered by WordPress, 27 Places Where You Can Cash a Money Order Near You, https://locators.bankofamerica.com/search, https://online.citi.com/US/GCL/citilocator/flow.action, http://cliffscheckcashing.com/all_stores.php, https://www.shopfamilyfare.com/store-locator, https://www.us.hsbc.com/1/2/home/customer-service/hsbc-locations/branch, https://www.moneyservices.com/find-store/, https://www.moneymart.com/StoreDetails/FindaStore, http://www.oldsecond.com/resources-services/locations/, http://www.safeway.com/ShopStores/tools/store-locator.page, https://www.speedycash.com/find-a-store/search, Find location: https://www.amscot.com/locations.aspx, Fees and limits vary by locations (some will only cash money orders that have been issued within the last 7 days), Maximum fee of $3 for money orders up to $1,000. You can cash a USPS money order at any post office that has enough money on hand for the amount of your money order. Advance America But just as is the case of personal checks – or just about any negotiable instrument – a money order can also be fraudulent. However, Speedy Cash doesn’t have as many locations as Money Services and may not be located near you. Some of the major local agents that work with either Western Union or MoneyGram, to both buy and cash money orders, include the following: Many people are asking can you cash a money order at Walmart? If you do deposit the money order into a bank or credit union account, access to the cash will be subject to the fund’s availability policy of the institution. Fee per money order – $7.50 ; Cash and debit card are the only acceptable methods of payment (you can’t pay with a credit card). 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