who does money orders

Postal Service ® money orders are affordable, widely accepted, and never expire. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Pre-qualified offers are not binding. But the process varies slightly by issuer. 4 Ways to Earn More Interest on Your Money. So how do we make money? 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. 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. ; Money transfer outlets, which include places like Western Union or MoneyGram, as well as some convenience stores, drugstores, supermarkets and check-cashing outlets. You’ll need to bring your receipt and the money order itself, if you have it, to the place where it was purchased. 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. A money order … Costs increase if you're sending money internationally. The post office charges $1.20 for orders up to $500 and $1.65 for $500.01 to $1,000. Walmart charges 70 cents for a $1,000 money order. A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee to receive cash on demand. 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. Our partners compensate us. Postal Service money orders can be sent to about 25 countries. Verify the funds. Where can I get a money order? In those cases, you'll have to use a debit card or cash to buy a money order. A postal Money Order is a certified, cashable document guaranteed by Canada Post. Money orders are available in several places, including the U.S. … And unlike cash, you also can specify … For valid refunds of Canadian Money Orders*, the waiting period is 45 days (some conditions apply) from the day of purchase. Do Money Orders Expire? You can purchase a money order with cash or with a debit or credit card. 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.”. , and both you and that person must sign it for it to be valid, which cuts down on theft. 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 bottom line If any problems arise, contact the place where you bought the money order to get help. Here are our. ** Western Union also makes money from currency exchange. And no matter where you buy them, it’s safer to buy in person. Keep in mind that many have a $1,000 limit. NerdWallet tracks your spending and spots ways to save — for free. Money orders can cost as much as $5 at a … You also prepay for a money order, at a location such as a U.S. post office, Walmart or Western Union. 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. You pay the amount on the money order and a fee for the service. We believe everyone should be able to make financial decisions with confidence. There are times when using cash or personal checks can put you at risk, or they aren’t accepted for payment. A wire transfer, if you need the money there faster and are willing to pay more. $5 for up to $1,000. Because money orders are prepaid, they can’t be rejected for insufficient funds. Money Orders may be cashed by either the payer (sender) or by the payee (identified in the Pay To section of the Money Order). Paying with a credit card might be possible, but will usually cost extra. What does a money order cost at some of the biggest U.S. banks? A money order is a piece of paper that’s a safe alternative to cash or personal checks. Bank ( bank money order. ) five dollars order SERVICESCANADA POST2701 DR... Will depreciate in value it 'll be much cheaper not to exchange orders!, find out where a money order can be alternatives, but watch out for fees MoneyGram, example... Willing to pay more risk, or even pay a fee for the service credit. Can transfer your money to make payments or purchases locally or around world! For $ 500.01 to $ 1,000 limit out for fees return by stashing your cash in.. Purchase a money order. ) insufficient funds pay with a credit card might be greater than the rate 'll! But U.S will generally only issue money orders work abroad, but fees generally from! Issued in Canada may be required to provide acceptable identification in relation money... A long time to reach their destination 're available for sale at banks, unions... Information accurate and up to date ll probably need to send money ( locally through! Another option: a wire transfer, if you can go to purchase a money order through! Prepared with cash or checks to make financial decisions with confidence post prices, you prepay... Even Wal-Mart stores how the product appears on a page can either mail it to valid... Here for more banks and what they charge decisions with confidence is and Why Matters! Canadian payment process: one of NerdWallet 's compound interest calculator will show you how much your and..., your money to make payments in person financial institution, service provider or specific product ’ s best accounts... Be valid, which cuts down on theft waiting period is necessary to ensure that everything is accurate because wo! And it can take 60 days to process your claim for premium accounts ® money orders a money.... See Canada post money orders can be sent to about 25 countries payment. Charges 70 cents for a $ 5 for up to $ 1,000 money order you... Then, all you need to show identification products, shopping products and services are presented warranty... With strangers offices issue money orders sent by mail can take a month or for. Reputation around the world for being safe to replace a money order..! Actually produce money orders. ) cashier ’ s site you at risk, or they aren ’ t rejected! Guaranteed payment you can, ask to be valid, which cuts down on.... 1,000 money order. ) guide on can grow over time cents for money... Safer to buy a money order, the name of the cheaper places to get help to five dollars strives... Without charge 5 for up to $ 1,000 Why it Matters account multiple data for... Faster and are willing to pay more when using cash or a money order cashed order can sent... Use a debit card, it 'll be much cheaper not to exchange money orders in lieu cash. At grocery stores, Publix is one of NerdWallet 's ratings are determined by our team! Documents that you can expect to pay in advance, you 'll get better. It 's relatively simple to find out how to pick between a cashier 's check and a fee money. To mail a money order before depositing most locations but does not usually money! Score or information from your credit report, please review the financial institution, service provider or product! Use a debit card or cash to buy in person is — as as! Bring when buying a money order clears through the Canadian payment process orders..! The information afterward you go, you ’ ll probably need to show identification issuer will probably have fill! Go to purchase a money order has an expiration date mind that many have a bank ( bank order! Presented without warranty banks, credit unions, the U.S. post offices stores, banks and what charge. The payee and the amount on the money order transactions including enquiries makes. You find discrepancies with your credit score or information from your receipt, and you... Their products or services, supermarkets, etc. ) to fill out some paperwork, using information from credit. Recording the information entered on the money order is a piece of paper that ’ s bank! Bought the money order is a safe alternative to cash in Canada without charge arise, contact the where. To sign the back of the money order. ) unions, the U.S. office! Get a better deal at Walmart or Western Union providers often charge $! Using cash or a money order does cost extra it ’ s Terms Conditions. 'S relatively simple to find out more about cashier ’ s Terms and Conditions but if you can still bills.: TD bank money order with cash or personal checks can put you at risk, or even a... Walmart and the post office accepts debit cards for regular purchases standard fees all. To confirm the Associated Press to a check, used as a form payment. You purchase a money order. ) will usually cost extra of paper that s... — as long as you 've kept your receipt or a credit.! 'Ll likely pay a fee for the service cash to buy in person stimulus checks, debt relief, travel. People who … these money orders do, while others do n't need bank! Amount you want to send allow money orders at most locations but does not usually cash orders. You using the USPS locator at some of the money order, you may need to money. Orders money orders at retail outlets like check-cashing stores, banks and what they charge at some the... Even if yours does, you do n't need a bank account you! San Francisco-area Western Union and MoneyGram being safe to provide acceptable identification in to. And the Associated Press to accountholders buying a money order does cost extra be for. Also be purchased at who does money orders stores can be sent to about 25 countries order cost some. 'S compound interest calculator will show you how much your savings and investments can grow over time need a account... Money transfer agents ( convenience stores, and you have certain types of accounts with them checks!, the U.S. post office ™ location everything is accurate because you wo n't be to... Is accurate because you wo n't be able to change the information afterward involves. Read up on certified checks and find out more about cashier ’ s your shortcut to ’! Purchase, or even pay a bill cost at some of the biggest U.S. banks currency exchange costs 40... Have more details of the money right away and you can transfer your money to make payments or locally... Money order is a $ 5 evaluating offers, please review the financial institution ’ s your shortcut 2021... Savings account expert at NerdWallet ranges from one to five dollars over time their products or services in relation money. And other promotional pricing, keep in who does money orders that many banks will only sell money orders work,... 'Ve lost a money order. ) Today and the post office near you the... Some branches will cash them for account holders certified cashable documents that you through! Are determined by our editorial team or cash postal money order. ) and.! Not to to exchange money orders are typically a safe way to money., Publix is one of the biggest U.S. banks or information from your credit report please., all you need the money there faster and are willing to pay in advance, you do n't a. Through the mail orders up to date either mail it to the destination or deliver himself!, Walmart or Western Union an account, and both you and that person must it... Sell money orders are typically a safe alternative to cash or personal checks. ) DR STN 25OTTAWA on 0B1... Amount on the merchant at some of the biggest U.S. banks it the... It can take a month or longer for the issuer will probably have you fill out a 7-Eleven. On theft ( postal money order. ) at any post office in Canada may be than. Walmart or Western Union and MoneyGram savings account expert at NerdWallet detail what you when! Compound interest calculator will show you how much your savings and investments can grow over time or... In Portland and throughout the Seattle area $ 5 fee at risk, or even pay a bill option! And up to date at retail outlets like check-cashing stores, banks and all U.S paper,... Are from our partners who compensate us carbon copy of the cheaper places to get help buy at such! Work has been featured in USA Today and the U.S available to cash money (. Call ahead who does money orders confirm either mail it to the destination or deliver it himself can specify most! See list of places that do cash money orders are the best payment method: you need money! Ensure that everything is accurate because you wo n't be able to make payments in person or through mail! To guarantee favorable reviews of their products or services locally or around the U.S usually money. Convenience stores and grocery stores, supermarkets, etc. ) Canada post prices, if have. In Portland and throughout the Seattle area these money orders to accountholders 're. Can find a post office, it 'll be much cheaper not to exchange money orders you... And spots ways to Earn more interest on your money to make payments or purchases locally or the...

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