For example, Ace Cash Express issues money orders with fees starting at $0.89 each. That will naturally apply to each money order you present, if you’ve been paid in multiple money orders. How Do I Deposit a Money Order? Where to Cash a Money Order Your Bank. You can also cash them at most banks and some stores. You don’t have a checking account. That way, if the money order falls into the wrong hands, generally, it's going to be worthless. 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. It doesn’t need to be the exact physical location. 1. GoBank offers no overdraft fees on its accounts, making it a great option for many. Every U.S. post office accepts debit cards as payment for money orders. Sometimes a trip to a larger post office or another city may be in order, however. If your recipient needs an exact amount, you may want to do a bit of research first to find out what places charge in that country to cash the order… Answered, How to Track a Money Order from Western Union, MoneyGram, USPS, etc, CVS Money Order FAQ: Does It Sell/Cash Them? A money order is a method of sending prepaid money that's more secure than a personal check or cash. These money orders have a reputation around the world for being safe. Replacement Process Shown, Can You Deposit a Money Order at an ATM? Answered, MoneyGram, USPS, and Western Union Pick up Time Limits Listed, Where Can I Get a Money Order on Sunday? (If you don’t have a PayPal Cash Plus account already, you’ll be asked to set one up.). Once you’re eligible, you can start cashing checks through mobile deposits. 2 One of them is convenience: a bank account is not required to purchase a money order. All you need to do is get the app, take a photo, and follow the on-screen instructions – so again it works in much the same way as the apps above. Again, you’ll just need to take a photo of the front and back of your check, and follow the instructions to cash it. If you make a deposit by 9 p.m. CT, the balance is usually posted to your account the following business day. You can also go to your bank and ask for a money order. As of December 2010, these money orders cost $3.85 and can be purchased for a value of up to U.S. $700 ($999.99 Canadian). An international money order can be cashed at Canada Post locations Purchase an international money order from the U.S. Banks? Numerous banks are known to close down accounts if they notice too many money order deposits. Answered, Are Money Orders Safe? The U.S. And, of course, it provides check cashing. Some places where you can get a money order cashed, especially banks, have limited hours. At the Money Order Issuer (Post Office, MoneyGram and Western Union). How Money Orders Work. Call ahead if … You can cash a USPS money order at any post office that has enough money on hand for the amount of your money order. Postal orders—often referred to as money orders in the U.S.—allow for a quick transfer of funds from 1 person to another within the United Kingdom. They charge a fee of $4 to cash a money order. The review process usually takes just a few minutes. To cash large money orders, you will need to open an account or visit a different business. This is another one that allows you to cash a check for free if you’re willing to wait 10 days to get the money. You’ll need to take a photo of the check and follow the on-screen instructions in the app to get your money. Note that you can sort the table using the arrows at the top of each column. Your best bet is to cash a money order at the same entity that issued it, whether that’s a bank branch, post office or other location. However, if you want to redeem an emailed Money Order voucher or deposit the Money Order amount into your bank account, you will need to collect payment at a Post Office displaying the Bank@Post logo. Cost: $0.99 Company Used: Western Union Maximum Amount Allowed per Money Order: $500 Payment Allowed: Cash, debit card. Like checks, you can deposit money orders into a bank account. They can be purchased with cash, debit card or travelers’ checks. You can take the money order to your bank, credit union, grocery store, and some retail stores. It’s also common practice for banks to only cash money orders with a balance of up to $500 for non-customers. You can cash or deposit a money order made out to you or that someone else has signed over to you. At your Bank or Credit Union. As of December 2010, these money orders cost $3.85 and can be purchased for a value of up to U.S. $700 ($999.99 Canadian). Free Books: 100 Sites for Thrifty Bookworms to Download & Read Books Online, 9 Low Cost Business Ideas for Teenagers & Kids, 25 Passive Income Ideas to Make Money Every Day & Night (2020). Basically, you take a photo of the check, follow the on-screen instructions, and have your check deposited into your account. So do keep that in mind. How to Cash a Money Order. Comment document.getElementById("comment").setAttribute( "id", "aba4cd3443ea400d32f376f92340cffa" );document.getElementById("g3fe62cbe1").setAttribute( "id", "comment" ); Install the Nielsen Computer & Mobile Panel app on any device and earn up to $50. You can cash lots of different types of checks with the Bank of America app, including: Checks that are received by the cutoff time (9pm ET and 8 pm PT) on a business day are generally available in your account on the next business day. You can find a post office near you using the USPS locator. Green Dot is an app that’s designed to help you to manage any Green Dot debit card or bank account. This means if you’re looking for cash you can hold in your hand right now, then you’ll need to head into your bank or closest check cashing place. Books are expensive! Money orders from other sources may need to be deposited at a branch. The sender requests a specific cash amount for the face value of the money order, pays a nominal fee, and then enters a recipient's name before mailing it. It’s also common practice for banks to only cash money orders with a balance of up to $500 for non-customers. To cash large money orders, you will need to open an account or visit a different business. 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. Or you can choose to wait 10 days and get your money for free. So it’s great that PayPal gives you a couple of options here. Places to Cash Money Orders 1. Underneath where your name is written on the money order, you should sign it. Next we have the US Bank app. With First Midwest Instant Check Cashing, you can deposit almost any type of check, such as: You can get instant access to your money, whether you have a First Midwest deposit account or not. Tip: If you anticipate cashing money orders on a regular basis, opening a local bank or credit union account can be your most affordable option. 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. Postal Service. If you don't have a bank account, many banks such as Chase, Wells Fargo and Bank of America will cash a money order for a fee. Bank drafts and money orders are more secure way of payment compared to personal or business cheques, because they require that the amount specified on them is pre-paid. There’s no fee charged by Bank of America to use the Mobile Check Deposit feature. If you want to cash your money order for free, the best place, arguably, is at your... 2. Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email this to a friend (Opens in new window), What Do I Need For a Money Order? Additionally, some money orders can be made out to two people; who can cash this type of money order depends on the wording of the payee line. Publix Money Order Policy. Most bank and credit union money orders, however, can be made out to two parties. Answered, How Long Does a Money Order Take to Send, Clear, or Refund? 10. Depending on how a two-party money order is written, it can be cashed in one of two ways: It’s easiest to deposit a two-party money order into a bank account at your local branch, when possible. etc) Answered, Can You Buy Money Orders Online With PayPal? USPS replaces lost, stolen, and damaged money orders. You don’t need a checking account to cash a money order, but if you were not the original recipient, you’ll need to make sure the money order is properly endorsed. If the names are connected with “and,” both parties listed on the money order must be present to cash it, and both must provide identification. by Lauren Todd - Last Updated September 8, 2020 (This post may contain affiliate links.). Answered, Can I Make a Money Order Out to Myself? You can even cash a money order. Or you can choose to get the money in 10 days for free. Cashier's Check vs. Money Order: An Overview . Sorry, your blog cannot share posts by email. Here are the best places where you can deposit a check online. A money order, like a check is a negotiable instrument. It must be purchased in person and paid for at the time of receipt. PayPal. Money orders are pre-paid. Getting a check isn’t the most convenient way to get paid. If you are limited as to when you can go get the money order cashed, your options also may be limited. The money could be in your account in as fast as one business day, but some checks may take up to 5 business days. MoneyGram and Western Union also generally require that money orders are made out to a single party, customer service representatives at agent locations in New Hampshire, Illinois, Alabama, and Colorado said. Generally, money orders can be deposited in a bank account as a form of money. Some, but not all, MoneyGram locations can also cash a money order from MoneyGram or another institution. pay in cash or use a debit card (where available). Money Order Requirements Shown, Can You Mail a Money Order? and waiting in line to cash a check. We also provide more details about how money orders work in our money order FAQ. Since most of us do have a PayPal account anyway, it’s definitely an option to consider. And doesn't it seem like every time you go to buy a new book, the prices ... - Continue -, I have talked about small business ideas for kids before. can you rent a car with cash or money orders? (Walmart? The limit for money orders from Walmart is also higher than the one offered by 7-Eleven – $1,000 max. For a money order that is made out to you, most banks will also allow you to deposit it at an ATM, or use mobile deposit. 7 Eleven convenience stores have nearly 8,500 locations in the U.S. It’s an organization that offers a selection of prepaid debit cards. When you want to cash a money order, you can bring it to: 2. So what if you don’t have a … Even if your bank didn’t appear on our list, it’s definitely worth checking if they have an app that you can use to deposit checks from your phone. However, if you are cool with having the funds deposited into your bank, then cash your check online instead. So you have to trudge on down there at the weekend and who wants to do that? Some buyers choose not to fill out recipient information because they want to keep the information private or are purchasing the money order … Using money orders internationally instead of other payment methods offers several benefits. Canada Post Money Orders (direct service) are available to cash in Canada. Here are the best places where you can deposit a check online. A cash drawer at a post office in a small town may not feature the reserves necessary to cash a $1,000 money order but could process a $100 transaction. Usually, it’s best to cash a money order at the location the sender purchased it. It’s worth noting that Rite-Aid will NOT cash money orders at this time. Short Answer: Typically, anyone with proper identification can cash a money order that is either made out to them or signed over to them. When you buy a money order, you must buy it with cash or electronic funds, but you typically cannot get a refund if you decide not to use it. Deposits that are submitted after 11pm or on a non-business day will be processed the next business day. However, getting a USPS money order can be hard—not all post offices issue money orders, so call ahead to confirm. You can cash a money order at places like Western Union or … It’s super easy, working in much the same way as cashing one with PayPal or Ingo Money. What Are the Fees? In order to start using the mobile deposit feature, you need to activate your card and your account must be active with recent recurring payroll direct deposit activity for at least two months. After receiving your cash, you can either deposit it into your bank account or utilize the funds for what you need. 2. If you enroll in direct deposit, you can deposit checks without having to wait in line. How Long Are They Good For? Mobile deposits can be in your account as fast as one business day, but some checks may take up to 5 business days. Some locations may accept cash or a money orders using the cash qualification requirements below for customers who do not have a credit card. ; Money transfer outlets, which include places like Western Union or MoneyGram, as well as some convenience stores, drugstores, supermarkets and check-cashing outlets. However, calling the location and asking can't hurt. 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. Note, however, that some banks will not allow you to cash a money order and deposit the funds into someone else’s account (as previously reported). Money orders can be fraudulent; be wary about receiving them from people you don't know and don't spend money orders you deposit in the bank until you know the bank was able to cash them. That’s why cashing a check online is such a good option. Many sellers of money orders, such as the U.S. A cash drawer at a post office in a small town may not feature the reserves necessary to cash a $1,000 money order but could process a $100 transaction. Learn More. NetSpend allows you to cash checks to your card using its Mobile Check Load feature. If the names are connected with “or,” either person that the money order is made out to can cash it on their own, with photo ID. Walmart issues money orders from MoneyGram, and you will pay a small handling fee of 70 cents per money order. 2.2: Direct Service: The Direct Service enables a customer to purchase a postal Money Order and send it directly to the payee in Canada where the Money Order is cashed at its face value. But if the sender purchased it at a Walmart, you may want to go to a Walmart to cash it. For more about who can cash a money order, see below. Postal Service, some banks and companies such as Western Union and MoneyGram. With a money order, there’s no need for a bank account. To purchase a money order, you provide the issuing organization with the amount of money, in cash, that you want to send, plus a fee. A money order is similar to a check, except that it's prepaid. First of all, what is the difference with those 3 things? Sometimes, especially in smaller towns post offices may not do enough business in a day to cash a large money order. You can cash a USPS money order at a Post Office for free. 19 Options Listed, Maximum Amount for Money Orders at 20 Places That Sell Them, What Happens If You Lose a Money Order? Where to Cash a Money Order. Next on the list we have NetSpend. To cash a third-party money order that is signed over to you, you will want to make sure that the endorsement matches the original payee name on the front. All you need to do is take a few photos of the check and follow the instructions in the app. Postal Service. When you take a check into a physical location like a bank or check cashing store, you can get cash on the spot. The recipient can cash a money order issued by the USPS at his or her local post office branch. Keep in mind there's a fee to send money with MoneyGram. Follow the steps below to cash a money order successfully. Visit your neighborhood ACE Cash Express store today! Find a location and get contact information on our locations page. Also, it would be beneficial to take both portions of the money order with you: the money order itself and the tab that serves as your receipt. If you want your money fast, then you may be charged a fee for the transaction. They can be purchased with cash, debit card or travelers checks. Money Order…, RaceTrac Money Orders: Limits, Fees, & Requirements Detailed, How to Cash a Money Order Made Out to You, How to Cash a Money Order Made Out to Someone Else, not allow you to cash a money order and deposit the funds into someone else’s account, money orders can only be made out to a single payee, where to cash a Western Union money order, What Do I Need For a Money Order? Further, the sum of a money order is paid in advance, so it won’t bounce as a personal check might. You can cash paychecks, and benefit checks with it. Money orders are also a safer form of payment relative to personal checks. Decide when you need to cash the money order. Answered, How to Refund a Money Order: USPS, MoneyGram, Western Union, etc, How to Correct a Mistake on a Money Order: Process Explained by Issuer. Which means what you send isn’t always what they get. However, while few banks and vendors offer actual refunds, you can still get your money back by negotiating the money order at your bank. There are obviously many ways to cash a personal check near you, going to the bank for example. 7 Eleven. You can also deposit a money order into a bank account — either your own or someone else’s. It is a safe way to send money (locally) through the mail. ©2013 - 2021 More Holdings LLC | All Rights Reserved. 7 Options Listed, 24-Hour Money Orders: Where to Get a Money Order Any Time of Day, What Happens If I Cash or Deposit a Fake Money Order? With the First Midwest app, you can deposit checks with your phone. Money Orders and Bank Drafts are payment orders for pre-determined amount of money.Both money orders and bank drafts are used to pay money to a third party. And like with many of the apps on this list, all you need to do is take some photos of the check. On the other hand, when you come to cash a check online you’re not “cashing” it per se, you’re depositing it into your bank account. Enjoy a safe and convenient way to pay bills or make purchases. Money orders do not include personal information, such as your bank’s routing number and your bank account number. Orders are cashed for the transaction if you Lose a money order, however, getting a USPS money can. T always what they get you have to head out anywhere of a money order cashed. “ or. ”, credit unions, MoneyGram locations to send, Clear or... Other words, you take a photo of the check you want to call them to find out specifics,! Offices, banks, credit unions, MoneyGram, USPS, and you will need to open account... 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