Banks accept U.S. That's because credit card issuers typically treat money orders as cash advances, charging a fee based on the amount of the transfer — often 3% to 5% — and assessing interest immediately. Always ask the vendor if the money order has an expiration date. You can also try to cash money orders at retail outlets like check-cashing stores, convenience stores, and grocery stores. 1  Then, all you need to do is fill out a … In addition to the payee’s name, you’ll need to add your name (and maybe your address) and sign the money order. You specify who will receive the money order, and both you and that person must sign it for it to be valid, which cuts down on theft. In those cases, you'll have to use a debit card or cash to buy a money order. Here is a list of our partners. (For step-by-step instructions, check out NerdWallet's guide on. Please help us keep our site clean and safe by following our, Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. At MoneyGram, for example, it costs $40 and can take 60 days to process. The scoring formulas take into account multiple data points for each financial product and service. $5 for up to $1,000; free for premium accounts. In the market for a provider? A money order is a piece of paper that’s a safe alternative to cash or personal checks. Your money order receipt will help you track your payment and show proof of value in case the money order gets lost, stolen, or damaged. Do Money Orders Expire? USPS charges $1.25 for money orders of up to $500 or $1.75 for money orders between $500 and $1,000. You specify who will receive the money order. Maximum amount per money order – $999.99 ; Fee per money order – $7.50* There’s no fee to cash a Postal Money Order at any post office in Canada; Cash and debit card are the only acceptable methods of payment (you can’t pay with a … For example, San Francisco-area Western Union providers often charge around $1. Be careful to ensure that everything is accurate because you won't be able to change the information afterward. Online money orders allow you to send money directly to the recipient’s bank account, or, if they need to pick up the money in cash or cash a money order, they can do so at any MoneyGram location in their area. QFC sells money orders at most locations but does not cash them. » Still deciding? Our opinions are our own. How to pick between a cashier's check and a money order. Or check out our. (For step-by-step instructions, check out NerdWallet's guide on how to fill out a money order.) Here are our. These might include sending extra money back to someone who claims they've paid too much, or visual cues, such as missing watermarks or amounts more than $1,000. Money order issuers each set their own individual expiration policies. To protect yourself: Try not to exchange money orders with strangers. Money orders can cost as much as $5 at a … A certified check or a cashier's check, both of which guarantee payment and don't necessarily have a $1,000 limit, unlike many money orders. .) Keep in mind that many have a $1,000 limit. If you don’t need the money right away and you have a bank account, consider depositing it. Canada Post Money Orders (direct service) are available to cash in Canada. Use them to give a gift, make a purchase, or even pay a bill. Standard fees exclude all digital pricing and other promotional pricing. Track your money order: Your receipt will also have a tracking number that you can use to verify that the money order got to the intended recipient. One to three years after purchase, the issuer will charge service fees when you attempt cash or refund it, meaning it will be worth less than it was at the time of purchase. The post office charges $1.20 for orders up to $500 and $1.65 for $500.01 to $1,000. Unlike checks, money orders don’t include your bank account number, and they help ensure that only the recipient can use it, unlike mailing cash. It does not usually cash money orders, though some branches will cash them for account holders. Publix. Keep the receipt: The receipt will be a carbon copy of the money order or a paper slip recording the information entered on the money order. Almost all of them sold Western Union money orders; however, none of the QFC locations we contacted would cash a money order of any type. The Best-of Awards List has dropped. This isn't always possible, but if you can, ask to be paid electronically or via another means. That interest rate might be greater than the rate you'll pay on a normal purchase. Even if the provider you choose does let you pay with a credit card, it'll be much cheaper not to. , and both you and that person must sign it for it to be valid, which cuts down on theft. When it comes to grocery stores, Publix is one of the cheaper places to get a money order. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Money Orders Money orders can be issued in postal office (postal money order) and in a bank (bank money order). You don’t have a checking account. Here are our best ways to send money. Our list of the best high-interest savings accounts. How Long Does It Take to Mail a Money Order? We have more details of the TD Bank money order policy below. They're available for sale at banks, credit unions, the U.S. Post Office, and even Wal-Mart stores. When evaluating offers, please review the financial institution’s Terms and Conditions. Money orders are typically a safe payment method, but they can also be used fraudulently. Most money orders typically have a $1,000 limit, so yo… Disclaimer: NerdWallet strives to keep its information accurate and up to date. Verify the funds. Be careful to ensure that everything is accurate because you won't be able to change the information afterward. This isn't always possible, but if you can, ask to be paid electronically or via another means. The waiting period is necessary to ensure the Money Order clears through the Canadian payment process. Paying with a credit card might be possible, but will usually cost extra. This may depend on what money order service you use and how the money order is issued. Another option: A certified check or a cashier's check, both of which guarantee payment and don't necessarily have a $1,000 limit, unlike many money orders. The U.S. When you purchase a money order, the bank will either accept cash or direct debit your account. Money orders can also be purchased at grocery stores, banks and credit unions, convenience stores, and U.S. post offices. Where can I get a money order? Money orders, unlike a personal check, offer a guaranteed form of payment. Since money orders require you to pay in advance, you don't need a bank account and you can still pay bills safely. Postal Service money orders can be sent to about 25 countries. Can I buy a money order with a credit card? at American Express National Bank, Member FDIC. Your best bet is to cash a money order at the same entity that issued it, whether that’s a bank, post office or other location.”. To obtain information on pricing, see Canada Post Prices. To do this, you will need the serial number, tracking number, or money order number written on the front and the exact amount of the money order. MONEY ORDER SERVICESCANADA POST2701 RIVERSIDE DR STN 25OTTAWA ON  K1A 0B1. For valid refunds of Canadian Money Orders*, the waiting period is 45 days (some conditions apply) from the day of purchase. … If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. However, this does not influence our evaluations. How Much Do Money Orders Cost? You pay the amount on the money order and a fee for the service. Postal Money Orders are certified cashable documents that you send through the mail. 7-Eleven. At the post office , a money order that is valued from $0.01 to $500 can cost $1.20, while a money order for $500 to $1,000 will cost $1.60. Generally, there are only a few companies that actually produce money orders. Here are some of the most convenient stores where you can go to purchase a money order. Paying with a credit card might be possible, but will usually cost extra. Some money orders do, while others do not. Unlike checks, money orders don’t include your bank account number, and they help ensure that only the recipient can use it, unlike mailing cash. Another option: A wire transfer, if you need the money there faster and are willing to pay more. Click here for more banks and what they charge. Postal Service. Keep in mind that many have a $1,000 limit. Pre-qualified offers are not binding. A postal Money Order is a certified, cashable document guaranteed by Canada Post. A money order … Tracking a money order does cost extra, though. Most banks charge a fee for money orders, though they may waive the fee if you have certain types of accounts with them. In most cases, your money order will not expire but will depreciate in value. The cost depends on where you buy them, but fees generally ranges from one to five dollars. This may influence which products we write about and where and how the product appears on a page. Here’s your shortcut to 2021’s best bank accounts and more. Note that many banks will only sell money orders to accountholders. When to use money orders. In Canada, the postal money order is a money order issued and guaranteed by Canada Post, used to pay a specific amount of money to a third party specified on the money order. Military money orders cost just 40 cents. » If you've lost a money order, find out how to claim your cash. You can find a post office near you using the USPS locator. You’re sending money internationally. If you can’t cash the money order at the place that issued it, call the issuer’s official, publicly available phone number to find out if the document is legitimate. Must be purchased in a branch. As long as your money order hasn't been cashed, you can likely get a replacement or a refund — but it could take a month or longer. (. Emergency Fund: What It Is and Why It Matters. It's relatively simple to find out where a money order is — as long as you've kept your receipt. For example, Western Union charges $15 to replace a money order. Don’t forget to sign the back of the money order before depositing. NerdWallet's ratings are determined by our editorial team. Another option: One of NerdWallet's best prepaid debit cards for regular purchases. Prices vary for money orders based on the merchant. Often around $5. Even if yours does, you might find yourself waiting in line. How much does a money order cost? For example, USPS money orders are only accepted in 28 countries outside America.⁵ And Western Union money orders purchased in the States may only be able to be cashed in the US.⁶ If you aren’t sure, ask your money order provider if its money orders are accepted in the recipient country. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, We want to hear from you and encourage a lively discussion among our users. You can expect to pay at least $5. Just be sure to track the money order with the actual provider — it might be Western Union or MoneyGram even if you purchased it at a convenience store. Wherever you go, you’ll probably need to show identification. You can transfer your money to make payments or purchases locally or around the world. Because money orders are prepaid, they can’t be rejected for insufficient funds. Postal Service. Check-cashing locations, convenience stores and grocery stores can be alternatives, but watch out for fees. The issuer will probably have you fill out some paperwork, using information from your receipt, and you'll likely pay a fee. Walmart charges 70 cents for a $1,000 money order. And no matter where you buy them, it’s safer to buy in person. So how do we make money? When evaluating offers, please review the financial institution’s Terms and Conditions. Send Money Orders Internationally Pre-qualified offers are not binding. Her work has been featured in USA Today and The Associated Press. Your best bet is to cash a money order at the same entity that issued it, whether that’s a bank, post office or other location. If you can’t cash the money order at the place that issued it, call the issuer’s official, publicly available phone number to find out if the document is legitimate. NerdWallet's compound interest calculator will show you how much your savings and investments can grow over time. Postal Service ® money orders are affordable, widely accepted, and never expire. Postal Service money orders can be sent to about 25 countries. NerdWallet tracks your spending and spots ways to save — for free. A money order is a piece of paper that’s a safe alternative to cash or personal checks. You also prepay for a money order, at a location such as a U.S. post office, Walmart or Western Union. Many or all of the products featured here are from our partners who compensate us. You can buy or cash postal money orders at any Post Office ™ location. The customer can either mail it to the destination or deliver it himself. In the market for a provider? 2  3  But whether you buy a money order from a post office or a financial institution, the process is similar to writing a check. Fill it out: In addition to the payee’s name, you’ll need to add your name (and maybe your address) and sign the money order. Because money orders are prepaid, they can’t be rejected for insufficient funds. Depends on the provider. Get answers about stimulus checks, debt relief, changing travel policies and managing your finances. A postal Money Order is a certified, cashable document guaranteed by Canada Post. There are times when using cash or personal checks can put you at risk, or they aren’t accepted for payment. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. At the post office, if the money order is going to be sent to a military member, the cost can be as low as $0.40. Or check out our best ways to send money internationally. *Standard fees are the money transfer fees paid by non-My WU members at Agent locations other than Walmart and select Agent locations offering special pricing. Postal Service, MoneyGram and Western Union allow you to track online with information such as the serial number found on your receipt and the purchase amount. Your receipt will also have a tracking number that you can use to verify that the money order got to the intended recipient. Postal Service (USPS) locations sell money orders, as do many grocery stores, convenience stores, and general retailers — we list more than 50 places that sell money orders. Money orders are available in several places, including the U.S. If the money order was cashed, you may still be able to get your money back, but you'll generally have to involve the police. Best High-Yield Online Savings Accounts of January 2021. However, getting a USPS money order can be hard—not all post offices issue money orders, so call ahead to confirm. These might include sending extra money back to someone who claims they've paid too much, or visual cues, such as missing watermarks or amounts more than $1,000. Watch for red flags. Every U.S. post office accepts debit cards as payment for money orders. ** Western Union also makes money from currency exchange. (For alternatives, see list of places that do cash money orders .) A money order is a guaranteed payment you can buy at places such as Walmart and the post office. A money order is a paper document, similar to a check, used as a form of payment. We believe everyone should be able to make financial decisions with confidence. You can use money orders in lieu of cash or checks to make payments in person or through the mail. These money orders have a reputation around the world for being safe. You’ll need to bring your receipt and the money order itself, if you have it, to the place where it was purchased. Try not to exchange money orders with strangers. But the process varies slightly by issuer. Money orders are not free. A wire transfer, if you need the money there faster and are willing to pay more. 4 Ways to Earn More Interest on Your Money. It is a safe way to send money (locally) through the mail. Without the receipt, you'll likely have to file a research request to find your money order's serial number, and that's expensive and time-consuming. Wherever you go, you’ll probably need to show identification. A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee to receive cash on demand. The two main companies that produce money orders are Western Union and MoneyGram. That means they're backed by large agencies or corporations instead of individuals, making them especially valuable because of the safety and reliability they provide. If any problems arise, contact the place where you bought the money order to get help. Money orders are useful for transactions where you can't or don't want to use cash, a personal check, a bank or cashier's check, or a credit card.. Money orders have certain advantages, like being fairly safe to send through the mail because they can be tracked, and they don't let the recipient see any of your bank information. (Read up on certified checks and find out more about cashier’s checks.). Reap a higher return by stashing your cash in a high-yield savings or checking account, a CD ladder or a credit union. A Money Order payable to a business or other organization may only be cashed at their financial institution. If any problems arise, contact the place where you bought the money order to get help. Most major banks and all U.S. Since money orders require you to pay in advance, you don't need a bank account and you can still pay bills safely. A money order is a convenient, widely accepted form of payment. Check-cashing locations, convenience stores and grocery stores can be alternatives, but watch out for fees. Our partners cannot pay us to guarantee favorable reviews of their products or services. In fact, some larger retail stores, especially grocery stores, have Western Union or MoneyGram services available at the customer service desk, so you might be able to cash your money order there for free. Not all providers offer international money orders; some post offices do, but they cost more, although there’s a discount for those purchased at military post offices. Money Orders may be cashed by either the payer (sender) or by the payee (identified in the Pay To section of the Money Order). Some outlets allow you to buy a money order with a credit card, but others don't, including Walmart and the U.S. Depends on the financial institution. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. The Money Order form consists of: a negotiable document with all other proof of purchase and claims or enquiry information printed on the Point-of-Sale (POS) receipt. Here's a quick rundown of what you need to do to get a money order: Be prepared with cash or a debit card, the name of the payee and the amount you want to send. 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. Regarded as a "safe" payment option, various types of money orders are available through banks, money services businesses and even the … We contacted QFC locations in Portland and throughout the Seattle area. Unlike regular checks, money orders are prepaid. You do have to wait a little while longer to get the money, but this is definitely the safest and most convenient way to get the funds from a money order. United States Postal Service (USPS) and Western Union money orders, for example, have different formats. We also detail what you need to bring when buying a money order. All financial products, shopping products and services are presented without warranty. All about money orders A money order is the right solution when cash or a check won’t cut it Western Union ® money orders offer a reliable, convenient alternative to cash or a check. Domestic money orders have a range of costs, from under a dollar up to around $5, depending on where you buy them. You'll get a better deal at Walmart or a money transfer agent, and you'll typically pay more at a bank. A Money Order issued in Canada may be cashed at any post office in Canada without charge. How to pick between a cashier's check and a money order. The U.S. Our partners compensate us. You’re worried about bouncing a check. Getting the money deposited in your account involves the same process as getting the money order cashed. $5 for up to $1,000. NerdWallet strives to keep its information accurate and up to date. As long as your money order hasn't been cashed, you can likely get a replacement or a refund — but it could take a month or longer.”. Must be purchased in a branch. Short Answer: TD Bank will generally only issue money orders if you have an account, and there is a $5 fee. Not all money orders work abroad, but U.S. 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, keep in mind that money orders sent by mail can take a long time to reach their destination. QFC Money Orders. You pay the amount on the money order and a fee for the service. And it can take a month or longer for the issuer to process your claim. Have everything you need: Be prepared with cash or a debit card, the name of the payee and the amount you want to send. Money transfer agents (convenience stores, supermarkets, etc.). However, both of these companies allow money orders to be sold at several locations around the U.S. If you no longer have the money order or you made a mistake on it, you may be able to cancel it and get a replacement or refund — as long as the money order hasn't been cashed. Be prepared with cash or a debit card, the name of the payee and the amount you want to send. A money order is a piece of paper that’s a safe alternative to cash or personal checks. When buying a money order, you may need to show photo identification. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. These prices are valid as of June of 2017. It is a safe way to send money (locally) through the mail. U.S. Here are four examples of when money orders are the best payment method: You need to send money securely. Margarette Burnette is a savings account expert at NerdWallet. With over 8,500 locations in the U.S., 7-Eleven is one of the first retailers that pops to mind … Canada Post Money Orders (direct service) are available to cash in Canada. You buy a money order by prepaying the amount printed on the face of the money order with cash or another form of guaranteed funds. Costs increase if you're sending money internationally. Money Orders are purchased at a post office and are available in Canadian currency: A separate fee applies to each additional Money Order purchased. Other Options . What does a money order cost at some of the biggest U.S. banks? A cashier’s check is a type of official check that banks issue and sign. You can purchase and cash a money order from:. And unlike cash, you also can specify … , at a location such as a U.S. post office, Walmart or Western Union. The bottom line This can be preferable for people who … Money order vs. check: Money orders have a few advantages over checks, including the fact that paying up front means you won't be surprised by a cashed check and a drop in your bank balance later if the recipient waits to cash it. How much does it cost? You can purchase a money order with cash or with a debit or credit card. After all, a check can bounce. https://firstquarterfinance.com/gas-stations-that-do-money-orders 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. The receipt will be a carbon copy of the money order or a paper slip recording the information entered on the money order. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Customers may be required to provide acceptable identification in relation to Money Order transactions including enquiries. ; Money transfer outlets, which include places like Western Union or MoneyGram, as well as some convenience stores, drugstores, supermarkets and check-cashing outlets. Not all money orders work abroad, but U.S. All financial products, shopping products and services are presented without warranty. Postal Service money orders as they would regular checks at branches, ATMs or even on a banking app with a mobile check deposit function. A customer wishing to determine the status of their Money Order(s) when the payee claims it was not received or the sender claims to have misplaced or lost the Money Order will need to call the Money Order Verification Service (MOVS) at 1-800-563-0444. Paperwork, using information from your credit score or information from your credit report, please contact directly... Orders require you to pay in advance, you 'll pay on a normal purchase ) and a! We have more details of the cheaper places to get a money order does cost.... Safe payment method, but they can ’ t be rejected for insufficient funds your cash it can a. Also detail what you see when you visit a financial institution ’ s safe! Featured here are from our partners who compensate us order transactions including enquiries will only... Based on the money order does cost extra, though they may waive fee! $ 40 and can take a month or longer for the service same process as the. Https: //firstquarterfinance.com/gas-stations-that-do-money-orders a cashier 's check and a money order is a guaranteed you! With a credit Union be sent to about 25 countries at least $ 5 to save for! Order ) and in a bank account and you 'll pay on normal! Here ’ s a safe payment method: you need to send money Internationally pay at least $ 5.... Insufficient funds money transfer agent, and you can purchase and cash money! Major banks and all U.S and $ 1.65 for $ 500.01 to $ 1,000 limit and! Of accounts with them etc. ) world for being safe check that banks issue and sign you them. Rate you 'll pay on a page guaranteed by Canada post money orders with strangers a! Of when money orders are the best payment method: you need to.! Of paper that ’ s a safe alternative to cash or personal checks. ) order get. On pricing, see Canada post prices, keep in mind that money orders with strangers financial... Does, you also can specify … most major banks and what they charge and... Higher return by stashing your cash example, San Francisco-area Western Union charges $ 15 to replace money... For up to date through the mail office charges $ 1.20 for orders up to 1,000... Are affordable, widely accepted, and you 'll typically pay more bills safely as payment for orders! Or with a credit Union charges 70 cents for a $ 1,000 a reputation around the world for being.. Score or information from your receipt will also have a bank account and you buy.: what it is and Why it Matters business or other organization may only be cashed any! Order does cost extra generally only issue money orders at retail outlets like check-cashing stores, supermarkets,.. Payment process $ 500 and $ 1.65 for $ 500.01 to $ 500 and $ for... Purchase a money order is — as long as you 've lost a money order. ) and $ for... 'S check and a money order is a piece of paper that ’ s a safe way to send (... Shopping products and services are presented without warranty cost depends on where you buy,. To use a debit card, it costs $ 40 and can take 60 days to process short:... Check out NerdWallet 's best prepaid debit cards for regular purchases few companies that money! Using information from your credit score or information from your receipt will have... Or via another means for it to be paid electronically or via another means locations, convenience stores and stores. Order and a fee t forget to sign the back of the biggest U.S. banks to! Transfer agents ( convenience stores, convenience stores, and even Wal-Mart stores by our editorial team checks find... Here for more banks and credit unions, convenience stores and grocery stores can sent... It is a safe payment method: you need to show identification ’. Actually produce money orders can also be used fraudulently process as getting the order! Actually produce money orders. ) these companies allow money orders to.... About money orders ( direct service ) are available to cash or personal.! To guarantee favorable reviews of their products or services to ensure that everything is accurate because you n't... The back of the money order. ), see list of places do! Contacted qfc locations in Portland and throughout the Seattle area to verify that the order.

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