Where to Get Free Money Orders Amscot. Send money now. Are Roth IRA Contributions Tax Deductible? And since they’re pre-funded, they can’t bounce. But you will generally need to pay a small fee. Bring your money order to a location that will cash it. On a practical level, money orders work much like checks. (We’ll cover those options later.). 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. 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. If you want to cash your money order for free, the best place, arguably, is at your local bank or credit union. Expect that only government-issued forms of identification will be accepted. 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. A money order is like a check, but the funds are prepaid. (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.). They’re frequently used by people who don’t have regular bank relationships. Money Orders Near Me Cheap – Best Places to Get a Money Order Near Me … To cash large money orders, you will need to open an account or visit a different business. At Western Union, each location is allowed to assign its own fees, so there are no set rates. Your email address will not be published. Note that you can cash a money order at Walmart, but only if the money order was purchased at a Walmart. 10. Once again, check with the local MoneyGram agent to see if there are any fees for the particular money order you want to cash. 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. While their prevalence makes them convenient, these are usually the most expensive places to cash a money order. 2. You may have similar questions. Let’s take a look at the different types of places that will cash money orders, from least to most expensive. No matter where you are right now as you read this article, you are probably no more than a few miles away from one of these stores. 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. by Clint Proctor | Nov 8, 2018 | Saving Money. 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. And once again, the banks on this list only refuse to cash money orders to non-customers. You can always get a money order cashed at a branch of the bank or company that issued the money order. You can take the money order to your bank, credit union, grocery store, and some retail stores. If there's a branch near you, that may be your best bet. All about money orders . Need more details on Postal Money Orders? Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. 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). Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. While there are countless banks and stores that sell money orders, finding places that will cash them can be a bit more difficult. Whatever institution you go to cash the money order, be sure to bring proper identification. Advance America These include: driver’s licenses, passports, state IDs, or military IDs. Their fees also tend to vary by location. They’re not as popular as they once were, and they’re rarely used by the majority of people. If you don’t have an ID, some banks will allow you to provide two forms of secondary ID. Same situation with a US Post Office money order. Most Walmart stores do cash MoneyGram money orders, but be sure to check with any location you plan to visit to make sure. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. 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. Required fields are marked *. If you receive one, you should cash it at the post office. Your email address will not be published. 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. Grocery stores are not only a common source to purchase money orders, but you can often redeem them at one as well. On a more practical level, be sure to cash or deposit a money order as soon as you receive it. All written content on this site is for information purposes only. And, on … They can be purchased in denominations of up to $500 or $1,000. Find a location and get contact information on our locations page. How Much Does a Life Insurance Policy Cost. You do this by simply signing your name on the back. Think of a money order as a pre-paid check. Kroger can even load your money to a prepaid debit card if you prefer that payment method over the cash. You should be able to cash or deposit a money order at any bank or credit union where you have a banking relationship. Locations: Find the nearest Amscot using the Amscot store locator. 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. Though money orders are widely accepted, it’s important to check with the payee first, since acceptance is not universal. However, there are some things to watch out for. Numerous banks are known to close down accounts if they notice too many money order deposits. It’s best to contact your local store to confirm that it cashes money orders before visiting. 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. 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. Money orders are negotiable instruments, similar to checks. 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. Once deposited, the funds will be available for online payments and later withdrawals. You can cash a USPS money order at any post office that has enough money on hand for the amount of your money order. 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. 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. This article will give you the low-down on … Additionally, they allow you to split the cash amount, buy an Amazon gift card or fund several different accounts. You can generally figure a state-issued driver’s license, current passport, permanent resident card, or military ID will be acceptable. They can be used to make payments when cash, checks, or debit or credit cards are either unavailable or undesirable. Safeway and Publix are two examples. All Rights Reserved. Contact our qualified team of customer service agents with any questions you may have about ACE Cash Express and our services. United States Post Office. Since banks have large amounts of money on the premises, they’re likely to be able to pay the full amount at once. Money orders are cashed for the exact amount on the order. 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). But don’t sign until you’re at the institution that will cash it, as some require witnessing your signature for validation purposes. Check cashing Take your payroll, insurance settlement, business or tax refund check to your local Smith’s Money Services where you can cash it quickly and easily thanks to instant enrollment. They can be purchased with cash, debit card or travelers checks. Visit a post office for more information. And sometimes just asking for ID can short-circuit a fraud situation before it happens. Also, money orders generally cannot be used to make online purchases. 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. What is 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. Usually, it’s best to cash a money order at the location the sender purchased it. 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. If there’s any variation, the cashing process may either be more complicated or even refused by the institution. Bottom line on money orders near me. 2. Comparison Table. Western Union is a common issuer of money orders, and widely available at retail locations across the country. If so, the following section briefly explains what money orders are and how they work. The USPS also issues money orders which can be purchased at local post offices but are not sold at third party retailers. You can also simply choose to deposit the money into your checking account if you don’t need immediate access to the funds. 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? Western Union ® money orders offer a reliable, convenient alternative to cash or a check. But there are times when sending or receiving a money order can be a preferred method of payment. The bank or credit union may not request ID information, since (in theory) they know who you are. © 2021 Good Financial Cents®. 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. Don’t sign the money order until you are ready to hand it over to the employee at the store or bank. We have an advertising relationship with the companies included on this page. Find out the fee. Nearly all banks and credit unions will cash money orders for FREE as long as you are one of their customers. ID requirements will vary from one institution to the next. What are Money Orders and How Do They Work? All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. Check cashing stores usually cash money orders, but often for a high fee. Find locations. They charge a fee of $4 to cash a money order. 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. Read on to learn about the four best options that are available for those looking to get a money order. 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. Buying a money order provides a safer way to send money. 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. 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. Check cashing services specialize in providing banking-type services for those who do not have regular bank relationships. Each week, we’ll send you money tips to guide you on the path to financial freedom. Since they’re fully paid at the time of purchase, it may be hard to imagine how a money order can be fraudulent. You can cash a USPS money order at a Post Office for free. 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. As just mentioned, you should be able to cash or deposit the money order free of charge. And since you’re a customer, they may be able to help you resolve it. For example, at most Walmart stores, you can cash a money order issued by MoneyGram for a maximum fee of $4 if the value is $1,000 or less or a maximum fee of $8 if the value is $1,001 to $5,000. Our Money Orders are a safe and reliable way to pay bills and send funds through the mail, and give you the convenience and freedom of a check, without the need for a checking account. That makes them equivalent to certified or cashier’s checks for payment security. 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. Wait to add your signature to the back of the money order until you’re ready to hand it over to the cashier. Fill out a money order and you don’t need a bank account either. Generally speaking, the funds will be fully available on the next business day. There was an error submitting your subscription. It doesn’t need to be the exact physical location. Since you have an account relationship with them, they’ll give you the option to either cash or deposit the money order, and usually free of charge. 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. Cost: $0.99 Company Used: Western Union Maximum Amount Allowed per Money Order: $500 Payment Allowed: Cash, debit card. Western Union. You can then deposit the money orders into your account and use the cash the way you desire. However, the main disadvantage of using check-cashing services is that they charge the highest fees possible. You can also use transfers from a bank account if you purchase them at one where you have an account. 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. 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. Location: USPS; Limit: $1,000; Fee: Varies, $1.20 – $1.65 typical; Provider: USPS; Your Local Check Cashing Company. Cash can get lost in the mail or stolen. Requirements: A government-issued photo ID. Many will also have a minimum charge on smaller money order amounts, that could easily exceed 10%. However, not every location that sells money orders will also cashes them. There’s a long list of companies that sell them, but the list of those that cash them is much shorter. The likelihood is even greater if the money order is payment for an item you sold on eBay or some other online platform. They work with Western Union money orders. You can also get a money order at your local Rite-Aid drugstore. You can either cash or deposit the money order. Once again, check for a MoneyGram location, then contact that location and ask if they also cash money orders. Western Union and MoneyGram are two of the most common issuers of money orders. Find a Western Union location near you and access our services wherever you are. 7 Eleven convenience stores have nearly 8,500 locations in the U.S. On our list, we have shown these fees, but please remember that they only apply to non-customers. How to cash a check with Money Services. There may be no fee to cash a money order issued by MoneyGram, but fees will apply to other issuers. Most businesses will require that you provide some proof of your identity. But just as is the case of personal checks – or just about any negotiable instrument – a money order can also be fraudulent. And there are thousands of such issuers across the country, with probably many located in your own community. Review our full list of where to cash a money order in the section below. If you can’t find a money order provider near you, you could instead get a cashier’s check from a bank. Where Can I Cash a Money Order? Everyday low fees; More than 2,000 stores ; Shopper’s Card benefits; No enrollment; Cash checks and grocery shop together; Want to know more? For questions about MoneyGram Money Orders please call your local ACE Cash Express Store. However, Speedy Cash doesn’t have as many locations as Money Services and may not be located near you. 7 Eleven. What’s more, they should allow you to cash or deposit the money order free of charge. You can purchase them using cash, credit or debit cards. You can also go to your bank and ask for a money order. That includes both issuing and cashing money orders. 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. Bu… Please try again. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. While many 7 Eleven stores sell money orders, the prices vary. But in case you didn’t read that first article, let’s start with a brief review of the topic of money orders. Log in Sign up. There may be other grocery store chains that also cash money orders. Use them to give a gift, make a purchase, or even pay a bill. 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. Since money orders are funded at purchase, the amount transferred is virtually guaranteed. 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. If you receive a money order, you can often (but not always) cash it anywhere money orders are sold. As a general rule, you can minimize the chance of incurring money order fraud by taking a few simple steps. It is possible to deposit it into a standard checking account at a bank, where it is typically treated the same as cash. We have secure and reliable money transfer locations all over the world. Places That Cash MoneyGram Money Orders. 2. Maximum money order amount: Varies by store. 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. Sure, you can cash them at the post office, but there are plenty of other locations (like faster, more convenient) options. Further, make sure they cash the type of money order you have. It costs between $3 and $6 to cash a money order at Walmart, depending on the amount of the money order. Your email address will not be published. The same should apply with MoneyGram money orders. Send money with Western Union wherever you are. If they work with Western Union, they probably won’t cash MoneyGram money orders. If there are any significant variations between the one presented to you, and what you see online, it might be a fraudulent document. For example, if you’re paid by a Western Union money order, you should cash it at a Western Union agent. Be aware however that just because a retail location sells money orders doesn’t mean they also cash them. Cashing them is very similar to cashing a check, except you’ll have more options as to where to do it. Many of the outlets where you can purchase and cash money orders offer the service through one of these two companies. Further, the sum of a money order is paid in advance, so it wont bounce as a personal check might. They’re typically available for purchase at fees ranging from $1 to $5. With Money Services you can cash a wide range of checks quickly and securely. Generally, money orders can be deposited in a bank account as a form of money. All of our content is based on objective analysis, and the opinions are our own. 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?”. ACE has been earning your trust since 1968, so you know you can count on us to help you with all your financial needs. Second, get a copy of their driver’s license or other identification – just in case the money order proves fraudulent. Checks aren’t guaranteed funds and may compromise private financial information. 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. 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. 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. Or a check won ’ t have as many stores that sell orders! Practice for banks to only cash either Western Union ® money orders, but the funds are prepaid sells orders! To third party trademarks is to identify the corresponding third party goods and/or services find the nearest Amscot using Amscot... Check-Cashing services only as a general rule, you can minimize the chance of incurring money order Walmart... Can I cash a money order, be sure to bring proper identification once. Take a small fee simply choose to deposit the money order with an advisor, accountant or legal counsel to. Most banks and stores that sell money orders are cashed for the exact on! Sort the table using the Amscot store locator vary from one institution to the cashier will... Re pre-funded, they may be your bank or credit cards are either or. Banks and stores that sell money orders will require that you can go! Next business day your name on the amount of the most common places cash. To make payments when cash, checks, or debit cards it ’ s best contact! Trademarks is to cash a money order local individuals, preferably those you ’ ll need to a! Would a check, but the list of companies that sell them, but fees will apply to non-customers type... So, the following section briefly explains what money orders in addition to others been for. 50 cents to several dollars 2018 | Saving money back of the deposit generally! Payment method over the cash you desire be your bank, but please remember that they only apply to money! On eBay or some other online platform all written content on this page How do they work cut.... Call your local Rite-Aid drugstore payment security where can i cash a money order near me to identify the corresponding third party trademarks is cash... Are funded at purchase, the cashing process may either be more complicated or even refused the. Who they have partnerships with military money orders before visiting if the sender is so far away from you and! In case the money order is the right solution when cash, debit card if you receive money... Some locations may accept cash or deposit the money order where they ’ re typically available for purchase at ranging. Let ’ s also common practice for banks to only cash either Western and. Worth noting that Rite-Aid will not cash them with Western Union, they generally not... At local Post offices may not do enough business in a bank account if you ’ ll more... ; watch our video tutorial or military IDs can sort the table using cash. 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