where can i cash a money order near me

Requirements: A government-issued photo ID. If there are any significant variations between the one presented to you, and what you see online, it might be a fraudulent document. If you do, you should be able to cash the money order without paying a fee. Don’t sign the money order until you are ready to hand it over to the employee at the store or bank. While many 7 Eleven stores sell money orders, the prices vary. To cash a money order, you’ll need to sign the back of the document, just as you would a check. On a practical level, money orders work much like checks. 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. 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. You can also cash them at most banks and some stores. 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. If there's a branch near you, that may be your best bet. Money orders are negotiable instruments, similar to checks. Find out the fee. Where You Might Be Able to Cash a Money Order. Easy to use. Bu… For questions about MoneyGram Money Orders please call your local ACE Cash Express Store. 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. Grocery stores are not only a common source to purchase money orders, but you can often redeem them at one as well. Numerous banks are known to close down accounts if they notice too many money order deposits. 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. Many of these retailers will only cash either Western Union or MoneyGram money orders, depending on who they have partnerships with. 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. 7 Eleven. 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. Several grocery stores and big box stores will cash money orders for a fee. It’s best to contact your local store to confirm that it cashes money orders before visiting. Most Walmart stores do cash MoneyGram money orders, but be sure to check with any location you plan to visit to make sure. What is a money order? You can also get a money order at your local Rite-Aid drugstore. If you’re paid by money order, your first choice to cash it should be your bank or credit union. Your email address will not be published. Endorse your money order. You can cash a USPS money order at any post office that has enough money on hand for the amount of your money order. Read the full guide. 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 do this by simply signing your name on the back. 2. Where Can I Cash a Money Order? Generally, money orders can be deposited in a bank account as a form of money. Since banks have large amounts of money on the premises, they’re likely to be able to pay the full amount at once. However, Speedy Cash doesn’t have as many locations as Money Services and may not be located near you. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Log in Sign up. You’ll need to check with the local store since fees and limits vary by state. You can also simply choose to deposit the money into your checking account if you don’t need immediate access to the funds. The fee situation is the same as it is with Western Union. 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. And there are thousands of such issuers across the country, with probably many located in your own community. Each week, we’ll send you money tips to guide you on the path to financial freedom. Final Thoughts on Where to Cash Money Orders Near Me. What is a Money Order? They charge a fee of $4 to cash a money order. For more information, please check out our, Advertiser Disclosure (How We Make Money). Your email address will not be published. They’re frequently used by people who don’t have regular bank relationships. However, not every location that sells money orders will also cashes them. 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. If you are wondering where can I cash a MoneyGram money order near me don’t worry. Kroger can even load your money to a prepaid debit card if you prefer that payment method over the cash. If you don’t have an ID, some banks will allow you to provide two forms of secondary ID. These include: driver’s licenses, passports, state IDs, or military IDs. You can either cash or deposit the money order. But just as is the case of personal checks – or just about any negotiable instrument – a money order can also be fraudulent. Note that you can sort the table using the arrows at the top of each column. Find a Western Union location near you and access our services wherever you are. It is possible to deposit it into a standard checking account at a bank, where it is typically treated the same as cash. 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. Where to Get Free Money Orders Amscot. In our first article on money orders, How to Get Money Orders Near Me, we covered how and where to get them. For example, if you’re paid by a Western Union money order, you should cash it at a Western Union agent. Be sure get your cash to a safe and secure place as quickly as possible! Locations: Find the nearest Amscot using the Amscot store locator. Several grocery stores and big box stores will cash money orders for a fee. 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. Use them to give a gift, make a purchase, or even pay a bill. (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.). Many will also have a minimum charge on smaller money order amounts, that could easily exceed 10%. And since you’re a customer, they may be able to help you resolve it. The fee is just $0.45 for postal military money orders issued by military facilities. Once deposited, the funds will be available for online payments and later withdrawals. Their fees also tend to vary by location. Advance America They’re typically available for purchase at fees ranging from $1 to $5. You can also use transfers from a bank account if you purchase them at one where you have an account. 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. Note that you can cash a money order at Walmart, but only if the money order was purchased at a Walmart. With Money Services you can cash a wide range of checks quickly and securely. 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. There was an error submitting your subscription. They’re not as popular as they once were, and they’re rarely used by the majority of people. Terms and conditions apply. 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. If so, the following section briefly explains what money orders are and how they work. The bank or credit union may not request ID information, since (in theory) they know who you are. 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. The US Post Office is one of the most common places to both buy and cash money orders. It’s worth noting that Rite-Aid will NOT cash money orders at this time. ACE has been earning your trust since 1968, so you know you can count on us to help you with all your financial needs. Since they’re fully paid at the time of purchase, it may be hard to imagine how a money order can be fraudulent. If you receive one, you should cash it at the post office. Bring your money order to a location that will cash it. Are Roth IRA Contributions Tax Deductible? 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. by Clint Proctor | Nov 8, 2018 | Saving Money. The List. 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. First, accept them only from local individuals, preferably those you’re familiar with. If you want to cash your money order for free, the best place, arguably, is at your local bank or credit union. Sure, you can cash them at the post office, but there are plenty of other locations (like faster, more convenient) options. 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. Generally speaking, the funds will be fully available on the next business day. We have secure and reliable money transfer locations all over the world. 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. On a more practical level, be sure to cash or deposit a money order as soon as you receive it. Bottom line on money orders near me. Nearly all banks and credit unions will cash money orders for FREE as long as you are one of their customers. Be aware however that just because a retail location sells money orders doesn’t mean they also cash them. Places That Cash MoneyGram Money Orders. Checks aren’t guaranteed funds and may compromise private financial information. It doesn’t need to be the exact physical location. ID requirements will vary from one institution to the next. As just mentioned, you should be able to cash or deposit the money order free of charge. 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. 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. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. 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. 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. 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. But you will generally need to pay a small fee. Western Union. Location: USPS; Limit: $1,000; Fee: Varies, $1.20 – $1.65 typical; Provider: USPS; Your Local Check Cashing Company. How Much Does a Life Insurance Policy Cost. Sometimes, especially in smaller towns post offices may not do enough business in a day to cash a large money order. 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. A lot of places cash MoneyGram money orders in addition to others. But if the sender purchased it at a Walmart, you may want to go to a Walmart to cash it. 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. Further, the sum of a money order is paid in advance, so it wont bounce as a personal check might. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. 5. A money order is like a check, but the funds are prepaid. However, although this seems like a simple method, you must proceed with caution. It costs between $3 and $6 to cash a money order at Walmart, depending on the amount of the money order. If you’re reading this article, then odds are someone has given you a money order and you’re wondering how to turn it into cash. MoneyGram works similar to Western Union. 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?”. They work with Western Union money orders. All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. Buying a money order provides a safer way to send money. You can also go to your bank and ask for a money order. All Rights Reserved. All of our content is based on objective analysis, and the opinions are our own. But some institutions will allow you to take a small portion of the deposit – generally $200 – on the day of deposit. And since they’re pre-funded, they can’t bounce. 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. You should be able to cash or deposit a money order at any bank or credit union where you have a banking relationship. 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. United States Post Office. If you receive a money order, you can often (but not always) cash it anywhere money orders are sold. Find your nearest store. If there’s any variation, the cashing process may either be more complicated or even refused by the institution. There may be other grocery store chains that also cash money orders. Send money; Pick up cash; Track transfer; Find locations; Help; Menu. The same should apply with MoneyGram money orders. 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. Send money now. But in case you didn’t read that first article, let’s start with a brief review of the topic of money orders. © 2021 Good Financial Cents®. The best bet for cashing a money order is at your own bank, but some banks will also cash money orders for non-customers. Please try again. You may have similar questions. Most businesses will require that you provide some proof of your identity. 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. Wont bounce as a form of money orders, and they ’ re paid by a Western money! Can purchase them using cash, debit card if you ’ re by... 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