Whatever institution you go to cash the money order, be sure to bring proper identification. They can be purchased with cash, debit card or travelers checks. Good news is, Walmart both sells and cashes MoneyGram money orders (they don’t indicate if they can cash money orders from other issuers, so call the store to verify before making the attempt). When my wife and I were married, I can remember finding a $100 money order tucked inside one of our wedding cards. You should be able to cash or deposit a money order at any bank or credit union where you have a banking relationship. Check cashing services specialize in providing banking-type services for those who do not have regular bank relationships. If you receive one, you should cash it at the post office. You can also go to your bank and ask for 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. You can either cash or deposit the money order. However, if the money order was issued by the US Post Office, they generally will not charge a fee to cash it. These include: driver’s licenses, passports, state IDs, or military IDs. In practice, money orders are very similar to checks, with the key difference being that buyers of money orders are required to fully fund them at the time of purchase. To save you time and hassle, we’ve compiled a list of 25 popular stores that many expect to be able to cash money orders, but unfortunately, do not. You may have similar questions. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. You’ll need to check with the local store since fees and limits vary by state. If you are wondering where can I cash a MoneyGram money order near me don’t worry. Find your nearest store. And since you’re a customer, they may be able to help you resolve it. 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. Note that you can cash a money order at Walmart, but only if the money order was purchased at a Walmart. 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. Buying a money order provides a safer way to send money. Kroger can even load your money to a prepaid debit card if you prefer that payment method over the cash. 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. Be aware however that just because a retail location sells money orders doesn’t mean they also cash them. Rural carriers may cash money orders if they have enough money on hand. 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. Find locations. To cash large money orders, you will need to open an account or visit a different business. If you do try to cash a money order at a check-cashing service, be prepared to pay 10% or more of the amount of the money order. As a general rule, check-cashing services should be seen as a last resort, and only if you’re prepared to give up a substantial portion of the money order to pay the fees. But in case you didn’t read that first article, let’s start with a brief review of the topic of money orders. And once again, the banks on this list only refuse to cash money orders to non-customers. As a general rule, you can minimize the chance of incurring money order fraud by taking a few simple steps. That makes them equivalent to certified or cashier’s checks for payment security. 2. Several grocery stores and big box stores will cash money orders for a fee. The same should apply with MoneyGram money orders. You can also cash them at most banks and some stores. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Since banks have large amounts of money on the premises, they’re likely to be able to pay the full amount at once. Ingo Money is a free app that will allow you to cash checks quickly to your bank account, prepaid card or to a PayPal account. That will naturally apply to each money order you present, if you’ve been paid in multiple money orders. If there’s any variation, the cashing process may either be more complicated or even refused by the institution. Money Orders Near Me Cheap – Best Places to Get a Money Order Near Me … Your email address will not be published. Their fees also tend to vary by location. But before making the attempt, first, call the store and verify that they do. Many of the outlets where you can purchase and cash money orders offer the service through one of these two companies. However, not every location that sells money orders will also cashes them. Second, get a copy of their driver’s license or other identification – just in case the money order proves fraudulent. 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. However, there are some things to watch out for. 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. Most businesses will require that you provide some proof of your identity. The same goes for post offices, banks, credit unions, MoneyGram desks, etc. Some of those places include money order services, check cashing services, big banks, and retailers that you can get a money order at and also cash a money order as well. Further, make sure they cash the type of money order you have. What is a Money Order? And, on … However, although this seems like a simple method, you must proceed with caution. Find a location and get contact information on our locations page. It was the first time I had ever across one and I distinctly remember thinking to myself, “What is this thing and what am I supposed to do with it?”. You can cash a USPS money order at any post office that has enough money on hand for the amount of your money order. Where to Get Free Money Orders Amscot. Generally speaking, the funds will be fully available on the next business day. These risks make money orders more attractive in some situations. Read on to learn about the four best options that are available for those looking to get 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. The likelihood is even greater if the money order is payment for an item you sold on eBay or some other online platform. You can buy Money Orders at any participating Rouses location in amounts up to $1,000.00 for a fee of 50 cents each, payable by cash or chip based debit cards. Don’t sign the money order until you are ready to hand it over to the employee at the store or bank. ACE has been earning your trust since 1968, so you know you can count on us to help you with all your financial needs. 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. Some locations may accept cash or a money orders using the cash qualification requirements below for customers who do not have a credit card. But also in situations where you need to make a payment, but don’t want to provide any of the personal information that appears on checks or credit cards. That’s good news for you if you’ve just received a money order, because as long as the money order is legitimate, it’s about as close as you can come to actually receiving cash. If there are any significant variations between the one presented to you, and what you see online, it might be a fraudulent document. Review our full list of where to cash a money order in the section below. They work with Western Union money orders. COVID-19 (Coronavirus) update: Our website and app are always open. Bu… Easy to use. Wait to add your signature to the back of the money order until you’re ready to hand it over to the cashier. If you don’t have an ID, some banks will allow you to provide two forms of secondary ID. One commonly asked question though is, “does Kroger cash money orders?”, and to your benefit, one major source of cashing money orders is Kroger, the largest grocery store chain in the country. Cashing them is very similar to cashing a check, except you’ll have more options as to where to do it. Cost: $0.99 Company Used: Western Union Maximum Amount Allowed per Money Order: $500 Payment Allowed: Cash, debit card. We have secure and reliable money transfer locations all over the world. can you rent a car with cash or money orders? Several grocery stores and big box stores will cash money orders for a fee. Requirements: A government-issued photo ID. 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). Places That Cash MoneyGram Money Orders. Use them to give a gift, make a purchase, or even pay a bill. Locations: Find the nearest Amscot using the Amscot store locator. There may be other grocery store chains that also cash money orders. Your email address will not be published. The US Post Office is one of the most common places to both buy and cash money orders. 7 Eleven. MoneyGram works similar to Western Union. What are Money Orders and How Do They Work? It means you don’t have to wait for a check to clear for the amount to leave your account, giving you full transparency over how much money you have. Further, the sum of a money order is paid in advance, so it wont bounce as a personal check might. Money orders are cashed for the exact amount on the order. Perhaps you’ve been paid for a job with a money order or maybe you’ve been given one as a gift. You can purchase them from thousands of different outlets across the country. Save my name, email, and website in this browser for the next time I comment. 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 lot of places cash MoneyGram money orders in addition to others. The next best option is to cash a money order with an agent location that works with that particular issuer. United States Post Office. Send money now. They charge a fee of $4 to cash a money order. Log in Sign up. Endorse your money order. We have an advertising relationship with the companies included on this page. 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? Safeway and Publix are two examples. What is a money order? This article will give you the low-down on … 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. Send money; Pick up cash; Track transfer; Find locations; Help; Menu. You can then deposit the money orders into your account and use the cash the way you desire. You can cash a USPS money order at a Post Office for free. If you do, you should be able to cash the money order without paying a fee. Each week, we’ll send you money tips to guide you on the path to financial freedom. Most of us know you can purchase money orders for up to $1,000 at all United States Postal Service (USPS) offices, but if you have one of these in your pocket and need to cash it, you may wonder, “Where can I cash a postal money order?”. They’re frequently used by people who don’t have regular bank relationships. According to the fee schedule of US Post Office, you’ll pay $1.25 to cash a money order of up to $500, and $1.70 for one up to $1,000. But just as is the case of personal checks – or just about any negotiable instrument – a money order can also be fraudulent. You do this by simply signing your name on the back. Where Can I Cash a Money Order? But some institutions will allow you to take a small portion of the deposit – generally $200 – on the day of deposit. Where You Might Be Able to Cash a Money Order. 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. The best bet for cashing a money order is at your own bank, but some banks will also cash money orders for non-customers. Western Union ® money orders offer a reliable, convenient alternative to cash or a check. If you’re a non-bank customer, you can still cash a money order at most banks, but you will have to pay a small fee. © 2021 Good Financial Cents®. Western Union. 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. Find out more about us; Watch our video tutorial. According to the fee schedule of US Post Office, you’ll pay $1.25 to cash a money order of up to $500, and $1.70 for one up to $1,000. Many of these retailers will only cash either Western Union or MoneyGram money orders, depending on who they have partnerships with. Since you likely have other business at your bank or credit union, you won’t need to make a special trip just to cash or deposit the money order. 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. Money orders are negotiable instruments, similar to checks. They’re typically available for purchase at fees ranging from $1 to $5. (We’ll cover those options later.). There was an error submitting your subscription. There may be no fee to cash a money order issued by MoneyGram, but fees will apply to other issuers. Since they’re fully paid at the time of purchase, it may be hard to imagine how a money order can be fraudulent. On our list, we have shown these fees, but please remember that they only apply to non-customers. Western Union is a common issuer of money orders, and widely available at retail locations across the country. Most money orders are issued by one of two companies, Western Union or Moneygram, who, in turn, partner with scores of third party sellers across the United States. Most Walmart stores do cash MoneyGram money orders, but be sure to check with any location you plan to visit to make sure. Required fields are marked *. The fact that the sender is so far away from you – and completely unknown to you – increases the possibility. Comparison Table. 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. How Much Does a Life Insurance Policy Cost. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. It’s as easy as 1, 2, 3… 1. Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. In our first article on money orders, How to Get Money Orders Near Me, we covered how and where to get them. It’s worth noting that Rite-Aid will NOT cash money orders at this time. For questions about MoneyGram Money Orders please call your local ACE Cash Express Store. While many 7 Eleven stores sell money orders, the prices vary. Once deposited, the funds will be available for online payments and later withdrawals. 7 Eleven convenience stores have nearly 8,500 locations in the U.S. A money order is like a check, but the funds are prepaid. Advance America To cash a money order, you’ll need to sign the back of the document, just as you would a check. For example, if you’re paid by a Western Union money order, you should cash it at a Western Union agent. (You may be able to cash a money order at a bank where you don’t have an account, but they’ll likely charge you a fee.). You can also use transfers from a bank account if you purchase them at one where you have an account. But you will generally need to pay a small fee. 10. All Rights Reserved. How Identity Theft Destroys Your Credit Score. Final Thoughts on Where to Cash Money Orders Near Me. Be sure get your cash to a safe and secure place as quickly as possible! It doesn’t need to be the exact physical location. You can also get a money order at your local Rite-Aid drugstore. Cash can get lost in the mail or stolen. It costs between $3 and $6 to cash a money order at Walmart, depending on the amount of the money order. Find a Western Union location near you and access our services wherever you are. Check cashing stores usually cash money orders, but often for a high fee. Why purchase a Postal Money Order. You can generally figure a state-issued driver’s license, current passport, permanent resident card, or military ID will be acceptable. What’s more, they should allow you to cash or deposit the money order free of charge. 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. And sometimes just asking for ID can short-circuit a fraud situation before it happens. 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. There’s a long list of companies that sell them, but the list of those that cash them is much shorter. If you can’t find a money order provider near you, you could instead get a cashier’s check from a bank. All of our content is based on objective analysis, and the opinions are our own. At USPS you can also cash money orders, but rules and regulations, as well as fees, differ by location – so check to see what they are in your local post office. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. It’s best to contact your local store to confirm that it cashes money orders before visiting. | Privacy Policy | Disclaimer | Licenses & Disclosures. The fee is just $0.45 for postal military money orders issued by military facilities. However, Speedy Cash doesn’t have as many locations as Money Services and may not be located near you. For those of us who have dealt with the hassle and frustration of being given a check that later bounced, the guaranteed nature of money orders is an attractive perk. Note that you can sort the table using the arrows at the top of each column. While their prevalence makes them convenient, these are usually the most expensive places to cash a money order. Use check-cashing services only as a last resort, since the fees are ridiculously high. Some are even more restrictive by only cashing money orders if they were purchased in one of their stores. Using your bank or credit union has several advantages: The US Post Office is one of the most common places to both buy and cash money orders. Usually, it’s best to cash a money order at the location the sender purchased it. 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. On a more practical level, be sure to cash or deposit a money order as soon as you receive it. Numerous banks are known to close down accounts if they notice too many money order deposits. But don’t sign until you’re at the institution that will cash it, as some require witnessing your signature for validation purposes. 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. Once again, check with the local MoneyGram agent to see if there are any fees for the particular money order you want to cash. 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. One of the major advantages of cashing a money order at the post office is that they have locations in nearly every community across the country. Money order vs. cash: Because money orders are made out to a particular person as the payee, it's difficult for a third party to steal your money. by Clint Proctor | Nov 8, 2018 | Saving Money. The bank or credit union may not request ID information, since (in theory) they know who you are. The app will allow you deposit almost any type of check at any time of day and get your money instantly. Read the full guide. If you’re paid by money order, your first choice to cash it should be your bank or credit union. All about money orders . They can be purchased in denominations of up to $500 or $1,000. For more information, please check out our, Advertiser Disclosure (How We Make Money). 2. 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. If so, the following section briefly explains what money orders are and how they work. On a practical level, money orders work much like checks. Now that you understand the basics of money orders, let’s take a look at the list of 27 places near you that could turn that money order you’re holding into cash! First, accept them only from local individuals, preferably those you’re familiar with. If they work with Western Union, they probably won’t cash MoneyGram money orders. Common secondary forms of ID include: Once you’ve endorsed your money order and validated your identity, you will be given your cash, minus any transaction fees. A money order from the MoneyGram financial service can be cashed in the United States at various locations, including banks, grocery stores and dedicated check-cashing facilities. If you want to cash your money order for free, the best place, arguably, is at your local bank or credit union. Fill out a money order and you don’t need a bank account either. Location: USPS; Limit: $1,000; Fee: Varies, $1.20 – $1.65 typical; Provider: USPS; Your Local Check Cashing Company. You’ll need to check the Western Union location page to find a Western Union agent, then call to make sure they also cash money orders. Additionally, they allow you to split the cash amount, buy an Amazon gift card or fund several different accounts. All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. Need more details on Postal Money Orders? As just mentioned, you should be able to cash or deposit the money order free of charge. If for some reason you should want to cash your money order at a bank or credit union that you are NOT a customer of, you can usually do so, but expect to be charged a fee. Even if you aren’t an account holder at a bank, you can still cash a money order at most banks.

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