Check cashing services specialize in providing banking-type services for those who do not have regular bank relationships. They can be purchased in denominations of up to $500 or $1,000. On a practical level, money orders work much like checks. Grocery stores are not only a common source to purchase money orders, but you can often redeem them at one as well. They have many thousands of agent locations across the country, and will generally – but not always – cash money orders where they are available for purchase. Since banks have large amounts of money on the premises, they’re likely to be able to pay the full amount at once. Use check-cashing services only as a last resort, since the fees are ridiculously high. What are Money Orders and How Do They Work? They’re frequently used by people who don’t have regular bank relationships. 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. The bank or credit union may not request ID information, since (in theory) they know who you are. 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. But don’t sign until you’re at the institution that will cash it, as some require witnessing your signature for validation purposes. You can take the money order to your bank, credit union, grocery store, and some retail stores. All of our content is based on objective analysis, and the opinions are our own. 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. 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). Fees to cash a money order will vary by location, but you may not be required to pay a fee at a Western Union agent if the money order was provided by Western Union. And there are thousands of such issuers across the country, with probably many located in your own community. The next best option is to cash a money order with an agent location that works with that particular issuer. If you can’t find a money order provider near you, you could instead get a cashier’s check from a bank. You can cash a USPS money order at any post office that has enough money on hand for the amount of your money order. Visit a post office for more information. It doesn’t need to be the exact physical location. Additionally, they allow you to split the cash amount, buy an Amazon gift card or fund several different accounts. On our list, we have shown these fees, but please remember that they only apply to non-customers. Their fees also tend to vary by location. While many 7 Eleven stores sell money orders, the prices vary. 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. Requirements: A government-issued photo ID. Some are even more restrictive by only cashing money orders if they were purchased in one of their stores. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. It’s as easy as 1, 2, 3… 1. Western Union. Easy to use. For more information, please check out our, Advertiser Disclosure (How We Make Money). Western Union and MoneyGram are two of the most common issuers of money orders. Though money orders are widely accepted, it’s important to check with the payee first, since acceptance is not universal. 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. No matter where you are right now as you read this article, you are probably no more than a few miles away from one of these stores. 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. Your email address will not be published. Be sure get your cash to a safe and secure place as quickly as possible! Find locations. At Western Union, each location is allowed to assign its own fees, so there are no set rates. It’s best to contact your local store to confirm that it cashes money orders before visiting. Check cashing stores usually cash money orders, but often for a high fee. All written content on this site is for information purposes only. They’re typically available for purchase at fees ranging from $1 to $5. Many of these retailers will only cash either Western Union or MoneyGram money orders, depending on who they have partnerships with. Your email address will not be published. It costs between $3 and $6 to cash a money order at Walmart, depending on the amount of the 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. For example, if you’re paid by a Western Union money order, you should cash it at a Western Union agent. Let’s take a look at the different types of places that will cash money orders, from least to most expensive. 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. You do this by simply signing your name on the back. There was an error submitting your subscription. Most businesses will require that you provide some proof of your identity. ACE has been earning your trust since 1968, so you know you can count on us to help you with all your financial needs. Western Union is a common issuer of money orders, and widely available at retail locations across the country. What’s more, they should allow you to cash or deposit the money order free of charge. ID requirements will vary from one institution to the next. If they work with Western Union, they probably won’t cash MoneyGram money orders. With Money Services you can cash a wide range of checks quickly and securely. There may be no fee to cash a money order issued by MoneyGram, but fees will apply to other issuers. Where to Get Free Money Orders Amscot. Safeway and Publix are two examples. Checks aren’t guaranteed funds and may compromise private financial information. For questions about MoneyGram Money Orders please call your local ACE Cash Express Store. Cashing them is very similar to cashing a check, except you’ll have more options as to where to do it. (We’ll cover those options later.). Some institutions may require the payment of a small fee to cash a money order. Are Roth IRA Contributions Tax Deductible? 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. It’s also common practice for banks to only cash money orders with a balance of up to $500 for non-customers. However, there are some things to watch out for. Bottom line on money orders near me. (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’ll need to check with the local store since fees and limits vary by state. On a more practical level, be sure to cash or deposit a money order as soon as you receive it. Once again, you can generally cash a money order where they’re issued. The USPS also issues money orders which can be purchased at local post offices but are not sold at third party retailers. If you are wondering where can I cash a MoneyGram money order near me don’t worry. And since you’re a customer, they may be able to help you resolve it. Note: Most of these businesses do sell money orders, but will not cash them. When my wife and I were married, I can remember finding a $100 money order tucked inside one of our wedding cards. Second, get a copy of their driver’s license or other identification – just in case the money order proves fraudulent. Find out the fee. 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. And, on … Why purchase a Postal Money Order. One commonly asked question though is, “does Kroger cash money orders?”, and to your benefit, one major source of cashing money orders is Kroger, the largest grocery store chain in the country. Your bank or credit union will represent a “second pair of eyes” to review the money order for potential fraud. Places That Cash MoneyGram Money Orders. 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. 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). Even if you aren’t an account holder at a bank, you can still cash a money order at most banks. Many of these retailers will only cash either Western Union or MoneyGram money orders, depending on who they have partnerships with. They can be used to make payments when cash, checks, or debit or credit cards are either unavailable or undesirable. To save you time and hassle, we’ve compiled a list of 25 popular stores that many expect to be able to cash money orders, but unfortunately, do not. 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. 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. How to cash a check with Money Services. Bring your money order to a location that will cash it. 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?”. That will naturally apply to each money order you present, if you’ve been paid in multiple money orders. While there are countless banks and stores that sell money orders, finding places that will cash them can be a bit more difficult. 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. They charge a fee of $4 to cash a money order. If so, the following section briefly explains what money orders are and how they work. That includes both issuing and cashing money orders. There may be other grocery store chains that also cash money orders. MoneyGram works similar to Western Union. However, Speedy Cash doesn’t have as many locations as Money Services and may not be located near you. All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. Many of the outlets where you can purchase and cash money orders offer the service through one of these two companies. You’ll need to check the Western Union location page to find a Western Union agent, then call to make sure they also cash money orders. A money order is the right solution when cash or a check won’t cut it . Save my name, email, and website in this browser for the next time I comment. But you will generally need to pay a small fee. 2. First, accept them only from local individuals, preferably those you’re familiar with. Read the full guide. Wait to add your signature to the back of the money order until you’re ready to hand it over to the cashier. As a general rule, you can minimize the chance of incurring money order fraud by taking a few simple steps. You can also go to your bank and ask for a money order. 2. Buying a money order provides a safer way to send money. Please try again. Since they’re fully paid at the time of purchase, it may be hard to imagine how a money order can be fraudulent. However, if the money order was issued by the US Post Office, they generally will not charge a fee to cash it. 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. If you do, you should be able to cash the money order without paying a fee. Those that do often charge a fee, and these fees can vary widely from 50 cents to several dollars. Whatever institution you go to cash the money order, be sure to bring proper identification. Bu… 7 Eleven convenience stores have nearly 8,500 locations in the U.S. United States Post Office. Several grocery stores and big box stores will cash money orders for a fee. It’s worth noting that Rite-Aid will NOT cash money orders at this time. Once again, check with the local MoneyGram agent to see if there are any fees for the particular money order you want to cash. 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. Further, make sure they cash the type of money order you have. 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. You can buy Money Orders at any participating Rouses location in amounts up to $1,000.00 for a fee of 50 cents each, payable by cash or chip based debit cards. Find out more about us; Watch our video tutorial. If there's a branch near you, that may be your best bet. Final Thoughts on Where to Cash Money Orders Near Me. If you’re paid by money order, your first choice to cash it should be your bank or credit union. If you receive one, you should cash it at the post office. Contact our qualified team of customer service agents with any questions you may have about ACE Cash Express and our services. 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. You can then deposit the money orders into your account and use the cash the way you desire. However, the main disadvantage of using check-cashing services is that they charge the highest fees possible. The same should apply with MoneyGram money orders. Need more details on Postal Money Orders? 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. The app will allow you deposit almost any type of check at any time of day and get your money instantly. Rural carriers may cash money orders if they have enough money on hand. Review our full list of where to cash a money order in the section below. Be aware however that just because a retail location sells money orders doesn’t mean they also cash them. What is a Money Order? 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. The fact that the sender is so far away from you – and completely unknown to you – increases the possibility. They can be purchased with cash, debit card or travelers checks. This can be done the same day the money order is cashed. 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. You can also cash them at most banks and some stores. To cash a money order, you’ll need to sign the back of the document, just as you would a check. We have secure and reliable money transfer locations all over the world. Sure, you can cash them at the post office, but there are plenty of other locations (like faster, more convenient) options. 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. Your email address will not be published. Also, money orders generally cannot be used to make online purchases. You can also simply choose to deposit the money into your checking account if you don’t need immediate access to the funds. Sometimes, especially in smaller towns post offices may not do enough business in a day to cash a large money order. 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. Required fields are marked *. Several grocery stores and big box stores will cash money orders for a fee. How Identity Theft Destroys Your Credit Score. Locations: Find the nearest Amscot using the Amscot store locator. Expect that only government-issued forms of identification will be accepted. Nearly all banks and credit unions will cash money orders for FREE as long as you are one of their customers. Money orders are negotiable instruments, similar to checks. Once deposited, the funds will be available for online payments and later withdrawals. Generally, money orders can be deposited in a bank account as a form of money. can you rent a car with cash or money orders? Most Walmart stores do cash MoneyGram money orders, but be sure to check with any location you plan to visit to make sure. Western Union ® money orders offer a reliable, convenient alternative to cash or a check. Many will also have a minimum charge on smaller money order amounts, that could easily exceed 10%. You can purchase them from thousands of different outlets across the country. 7 Eleven. 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. While their prevalence makes them convenient, these are usually the most expensive places to cash a money order. Local Banks. The List. Don’t sign the money order until you are ready to hand it over to the employee at the store or bank. And since they’re pre-funded, they can’t bounce. But in case you didn’t read that first article, let’s start with a brief review of the topic of money orders. If there are any significant variations between the one presented to you, and what you see online, it might be a fraudulent document. It is possible to deposit it into a standard checking account at a bank, where it is typically treated the same as cash. 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?”. Advance America | Privacy Policy | Disclaimer | Licenses & Disclosures. Find a location and get contact information on our locations page. by Clint Proctor | Nov 8, 2018 | Saving Money. To cash large money orders, you will need to open an account or visit a different business. Cost: $0.99 Company Used: Western Union Maximum Amount Allowed per Money Order: $500 Payment Allowed: Cash, debit card. © 2021 Good Financial Cents®. Maximum money order amount: Varies by store. The US Post Office is one of the most common places to both buy and cash money orders. The fee is just $0.45 for postal military money orders issued by military facilities. Further, the sum of a money order is paid in advance, so it wont bounce as a personal check might. You may have similar questions. The fee situation is the same as it is with Western Union. But some institutions will allow you to take a small portion of the deposit – generally $200 – on the day of deposit. Terms and conditions apply. Some locations may accept cash or a money orders using the cash qualification requirements below for customers who do not have a credit card. 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. Money orders are not attached to bank accounts, so they don’t display account numbers. They work with Western Union money orders. 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. Where You Might Be Able to Cash a Money Order. Endorse your money order. Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Once again, check for a MoneyGram location, then contact that location and ask if they also cash money orders. Where Can I Cash a Money Order? And once again, the banks on this list only refuse to cash money orders to non-customers. That makes them equivalent to certified or cashier’s checks for payment security. Some are even more restrictive by only cashing money orders if they were purchased in one of their stores. 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. 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 money orders are funded at purchase, the amount transferred is virtually guaranteed. A money order is like a check, but the funds are prepaid. There’s a long list of companies that sell them, but the list of those that cash them is much shorter. 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. As just mentioned, you should be able to cash or deposit the money order free of charge. All about money orders . 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. Note that you can cash a money order at Walmart, but only if the money order was purchased at a Walmart. 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. This article will give you the low-down on … 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. A lot of places cash MoneyGram money orders in addition to others. Kroger can even load your money to a prepaid debit card if you prefer that payment method over the cash. 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? What is a money order? You should be able to cash or deposit a money order at any bank or credit union where you have a banking relationship. COVID-19 (Coronavirus) update: Our website and app are always open. 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