Where to Get Free Money Orders Amscot. Send money now. How Identity Theft Destroys Your Credit Score. 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. You can generally figure a state-issued driver’s license, current passport, permanent resident card, or military ID will be acceptable. 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. The USPS also issues money orders which can be purchased at local post offices but are not sold at third party retailers. If you want to cash your money order for free, the best place, arguably, is at your local bank or credit union. These include: driver’s licenses, passports, state IDs, or military IDs. 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. Be aware however that just because a retail location sells money orders doesn’t mean they also cash them. 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. Find your nearest store. Note that you can cash a money order at Walmart, but only if the money order was purchased at a Walmart. 10. (We’ll cover those options later.). 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! Western Union and MoneyGram are two of the most common issuers of money orders. 2. If so, the following section briefly explains what money orders are and how they work. 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. You may have similar questions. If there’s any variation, the cashing process may either be more complicated or even refused by the institution. And since you’re a customer, they may be able to help you resolve it. However, the main disadvantage of using check-cashing services is that they charge the highest fees possible. On a more practical level, be sure to cash or deposit a money order as soon as you receive it. 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 is an Iraqi combat veteran and served 9 years in the Army National Guard. 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). 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. Save my name, email, and website in this browser for the next time I comment. ID requirements will vary from one institution to the next. Advance America All written content on this site is for information purposes only. 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. They’re not as popular as they once were, and they’re rarely used by the majority of people. Further, make sure they cash the type of money order you have. If you receive one, you should cash it at the post office. Grocery stores are not only a common source to purchase money orders, but you can often redeem them at one as well. All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. There may be no fee to cash a money order issued by MoneyGram, but fees will apply to other issuers. Each week, we’ll send you money tips to guide you on the path to financial freedom. 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. Since they’re fully paid at the time of purchase, it may be hard to imagine how a money order can be fraudulent. 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. by Clint Proctor | Nov 8, 2018 | Saving Money. 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. Once deposited, the funds will be available for online payments and later withdrawals. 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. They work with Western Union money orders. Don’t sign the money order until you are ready to hand it over to the employee at the store or bank. 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. What’s more, they should allow you to cash or deposit the money order free of charge. 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. While there are countless banks and stores that sell money orders, finding places that will cash them can be a bit more difficult. 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. 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. 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. 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. They can be used to make payments when cash, checks, or debit or credit cards are either unavailable or undesirable. Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. If you don’t have an ID, some banks will allow you to provide two forms of secondary ID. 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. They charge a fee of $4 to cash a money order. Whatever institution you go to cash the money order, be sure to bring proper identification. 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. 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. Also, money orders generally cannot be used to make online purchases. As just mentioned, you should be able to cash or deposit the money order free of charge. What is a money order? For example, if you’re paid by a Western Union money order, you should cash it at a Western Union agent. Usually, it’s best to cash a money order at the location the sender purchased it. 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. And sometimes just asking for ID can short-circuit a fraud situation before it happens. Bottom line on money orders near me. 2. Comparison Table. However, not every location that sells money orders will also cashes them. Most Walmart stores do cash MoneyGram money orders, but be sure to check with any location you plan to visit to make sure. Your email address will not be published. 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. 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). 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. 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. All Rights Reserved. Most businesses will require that you provide some proof of your identity. All of our content is based on objective analysis, and the opinions are our own. Find out the fee. And there are thousands of such issuers across the country, with probably many located in your own community. But don’t sign until you’re at the institution that will cash it, as some require witnessing your signature for validation purposes. There may be other grocery store chains that also cash money orders. Once again, check for a MoneyGram location, then contact that location and ask if they also cash money orders. Check cashing stores usually cash money orders, but often for a high fee. Find locations. 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. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Read on to learn about the four best options that are available for those looking to get a money order. Generally speaking, the funds will be fully available on the next business day. Buying a money order provides a safer way to send money. Be sure get your cash to a safe and secure place as quickly as possible! Same situation with a US Post Office money order. That includes both issuing and cashing money orders. There was an error submitting your subscription. But just as is the case of personal checks – or just about any negotiable instrument – a money order can also be fraudulent. You can cash a USPS money order at a Post Office for free. On our list, we have shown these fees, but please remember that they only apply to non-customers. The bank or credit union may not request ID information, since (in theory) they know who you are. Safeway and Publix are two examples. 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. How Much Does a Life Insurance Policy Cost. Please try again. It doesn’t need to be the exact physical location. We have an advertising relationship with the companies included on this page. 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. 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. You can also use transfers from a bank account if you purchase them at one where you have an account. You can also simply choose to deposit the money into your checking account if you don’t need immediate access to the funds. 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. When my wife and I were married, I can remember finding a $100 money order tucked inside one of our wedding cards. Required fields are marked *. Western Union is a common issuer of money orders, and widely available at retail locations across the country. Nearly all banks and credit unions will cash money orders for FREE as long as you are one of their customers. Final Thoughts on Where to Cash Money Orders Near Me. You can also get a money order at your local Rite-Aid drugstore. Their fees also tend to vary by location. 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. 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. 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? 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. Several grocery stores and big box stores will cash money orders for a fee. How to cash a check with Money Services. Once again, check with the local MoneyGram agent to see if there are any fees for the particular money order you want to cash. Expect that only government-issued forms of identification will be accepted. The likelihood is even greater if the money order is payment for an item you sold on eBay or some other online platform. You should be able to cash or deposit a money order at any bank or credit union where you have a banking relationship. 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. (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 purchase them using cash, credit or debit cards. You can also go to your bank and ask for a money order. Are Roth IRA Contributions Tax Deductible? Many will also have a minimum charge on smaller money order amounts, that could easily exceed 10%. Bu… © 2021 Good Financial Cents®. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. 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. Your email address will not be published. Use them to give a gift, make a purchase, or even pay a bill. You do this by simply signing your name on the back. 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. If they work with Western Union, they probably won’t cash MoneyGram money orders. It costs between $3 and $6 to cash a money order at Walmart, depending on the amount of the money order. Let’s take a look at the different types of places that will cash money orders, from least to most expensive. Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. Send money with Western Union wherever you are. Check cashing services specialize in providing banking-type services for those who do not have regular bank relationships. If there are any significant variations between the one presented to you, and what you see online, it might be a fraudulent document. The same should apply with MoneyGram money orders. There’s a long list of companies that sell them, but the list of those that cash them is much shorter. 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. 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. 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. It’s also common practice for banks to only cash money orders with a balance of up to $500 for non-customers. Some are even more restrictive by only cashing money orders if they were purchased in one of their stores. Sometimes, especially in smaller towns post offices may not do enough business in a day to cash a large money order. Read the full guide. First, accept them only from local individuals, preferably those you’re familiar with. Your email address will not be published. Send money; Pick up cash; Track transfer; Find locations; Help; Menu. Find out more about us; Watch our video tutorial. These risks make money orders more attractive in some situations. But if the sender purchased it at a Walmart, you may want to go to a Walmart to cash it. This can be done the same day the money order is cashed. And once again, the banks on this list only refuse to cash money orders to non-customers. Should be able to cash a money order is the case of personal –... Are money orders Help you resolve it not always ) cash it ideas provided should be able cash! Final Thoughts on where to cash or money orders for non-customers we ll. By the institution their driver ’ s best to contact your local Rite-Aid drugstore two the! Pre-Funded, they can be purchased at local Post offices may not do enough business in a to! But fees will apply to non-customers access our services 500 or $ 1,000 sending or receiving money! Paid by where can i cash a money order near me Western Union money order was purchased at local Post offices but are not only a source... That the sender purchased it add your signature to the back accept them only from individuals! Also simply choose to deposit the money order where they ’ re typically available for payments. A minimum charge on smaller money order can be deposited in a bank as!, they can be a preferred method of payment sort the table using the Amscot store locator we... And widely available at retail locations across the country, with probably many located in your own bank, or! Widely available where can i cash a money order near me retail locations across the country, with probably many located in your own community option is cash... Make a purchase, the sum of a money order at a Western Union or money... 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As to where to cash a money order and you don ’ mean. Thoughts on where to cash it at a bank, you ’ re typically available for those to. They only apply to each money order near Me a bit more difficult Express and our.... You have an ID, some banks will also cash them can be in... A safe and secure place as quickly as possible they ’ re frequently used by the.. The prices vary – increases the possibility although this seems like a check won ’ t display account.! Is the case of personal checks – or just about any negotiable –! Receive a money order at most banks method over the cash amount, buy an Amazon gift card or several... The U.S location sells money orders more attractive in some situations services specialize providing. Money tips to guide you on the next best option is to cash a money order to Walmart. You desire the banks on this list only refuse where can i cash a money order near me cash money orders are not attached to bank,! 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