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. Money transfer agents (convenience stores, supermarkets, etc.). How Long Does It Take to Mail a Money Order? Since money orders require you to pay in advance, you don't need a bank account and you can still pay bills safely. Be prepared with cash or a debit card, the name of the payee and the amount you want to send. 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. The issuer will probably have you fill out some paperwork, using information from your receipt, and you'll likely pay a fee. Money order issuers each set their own individual expiration policies. To protect yourself: Try not to exchange money orders with strangers. If any problems arise, contact the place where you bought the money order to get help. This isn't always possible, but if you can, ask to be paid electronically or via another means. Other Options . Money Orders Money orders can be issued in postal office (postal money order) and in a bank (bank money order). A Money Order issued in Canada may be cashed at any post office in Canada without charge. … Here’s your shortcut to 2021’s best bank accounts and more. However, keep in mind that money orders sent by mail can take a long time to reach their destination. 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. A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee to receive cash on demand. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. A money order is a convenient, widely accepted form of payment. How much does it cost? 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. Must be purchased in a branch. 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. It does not usually cash money orders, though some branches will cash them for account holders. When evaluating offers, please review the financial institution’s Terms and Conditions. Reap a higher return by stashing your cash in a high-yield savings or checking account, a CD ladder or a credit union. You also prepay for a money order, at a location such as a U.S. post office, Walmart or Western Union. Check-cashing locations, convenience stores and grocery stores can be alternatives, but watch out for fees. MONEY ORDER SERVICESCANADA POST2701 RIVERSIDE DR STN 25OTTAWA ON  K1A 0B1. You can buy or cash postal money orders at any Post Office ™ location. You'll get a better deal at Walmart or a money transfer agent, and you'll typically pay more at a bank. When it comes to grocery stores, Publix is one of the cheaper places to get a money order. Our list of the best high-interest savings accounts. » If you've lost a money order, find out how to claim your cash. 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. You can use money orders in lieu of cash or checks to make payments in person or through the mail. In most cases, your money order will not expire but will depreciate in value. Pre-qualified offers are not binding. And unlike cash, you also can specify … Postal Money Orders are certified cashable documents that you send through the mail. (For step-by-step instructions, check out NerdWallet's guide on how to fill out a money order.) Get answers about stimulus checks, debt relief, changing travel policies and managing your finances. Another option: A wire transfer, if you need the money there faster and are willing to pay more. A money order is a piece of paper that’s a safe alternative to cash or personal checks. Do Money Orders Expire? 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. The U.S. It is a safe way to send money (locally) through the mail. It is a safe way to send money (locally) through the mail. USPS charges $1.25 for money orders of up to $500 or $1.75 for money orders between $500 and $1,000. 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. Customers may be required to provide acceptable identification in relation to Money Order transactions including enquiries. Must be purchased in a branch. 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. And no matter where you buy them, it’s safer to buy in person. 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. In those cases, you'll have to use a debit card or cash to buy a money order. The scoring formulas take into account multiple data points for each financial product and service. Postal Service money orders can be sent to about 25 countries. A money order is a paper document, similar to a check, used as a form of payment. 1  Then, all you need to do is fill out a … So how do we make money? A wire transfer, if you need the money there faster and are willing to pay more. » Still deciding? You’re worried about bouncing a check. All financial products, shopping products and services are presented without warranty. Money Orders are purchased at a post office and are available in Canadian currency: A separate fee applies to each additional Money Order purchased. 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. Unlike regular checks, money orders are prepaid. 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. Depends on the provider. Publix. QFC Money Orders. Always ask the vendor if the money order has an expiration date. Even if yours does, you might find yourself waiting in line. There are times when using cash or personal checks can put you at risk, or they aren’t accepted for payment. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. 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. (For alternatives, see list of places that do cash money orders .) 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. If any problems arise, contact the place where you bought the money order to get help. *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. Best High-Yield Online Savings Accounts of January 2021. You’ll need to bring your receipt and the money order itself, if you have it, to the place where it was purchased. Her work has been featured in USA Today and The Associated Press. U.S. (. at American Express National Bank, Member FDIC. Generally, there are only a few companies that actually produce money orders. A money order is a guaranteed payment you can buy at places such as Walmart and the post office. How Much Do Money Orders Cost? You don’t have a checking account. 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. These prices are valid as of June of 2017. In the market for a provider? 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. You specify who will receive the money order. Here are four examples of when money orders are the best payment method: You need to send money securely. Use them to give a gift, make a purchase, or even pay a bill. 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.”. QFC sells money orders at most locations but does not cash them. For example, Western Union charges $15 to replace a money order. We also detail what you need to bring when buying a money order. 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. Keep in mind that many have a $1,000 limit. 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. A money order … Short Answer: TD Bank will generally only issue money orders if you have an account, and there is a $5 fee. 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. Not all money orders work abroad, but U.S. Many or all of the products featured here are from our partners who compensate us. Since money orders require you to pay in advance, you don't need a bank account and you can still pay bills safely. 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 careful to ensure that everything is accurate because you won't be able to change the information afterward. Our partners cannot pay us to guarantee favorable reviews of their products or services. The Best-of Awards List has dropped. Postal Service. You can transfer your money to make payments or purchases locally or around the world. Banks accept U.S. 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. You can expect to pay at least $5. You pay the amount on the money order and a fee for the service. Money orders can also be purchased at grocery stores, banks and credit unions, convenience stores, and U.S. post offices. Canada Post Money Orders (direct service) are available to cash in Canada. At MoneyGram, for example, it costs $40 and can take 60 days to process. It's relatively simple to find out where a money order is — as long as you've kept your receipt. A money order is a piece of paper that’s a safe alternative to cash or personal checks. When you purchase a money order, the bank will either accept cash or direct debit your account. Paying with a credit card might be possible, but will usually cost extra. However, getting a USPS money order can be hard—not all post offices issue money orders, so call ahead to confirm. 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.”. , at a location such as a U.S. post office, Walmart or Western Union. However, both of these companies allow money orders to be sold at several locations around the U.S. In addition to the payee’s name, you’ll need to add your name (and maybe your address) and sign the money order. Most money orders typically have a $1,000 limit, so yo… If you don’t need the money right away and you have a bank account, consider depositing it. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. 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. 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. The waiting period is necessary to ensure the Money Order clears through the Canadian payment process. When evaluating offers, please review the financial institution’s Terms and Conditions. , and both you and that person must sign it for it to be valid, which cuts down on theft. 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. Regarded as a "safe" payment option, various types of money orders are available through banks, money services businesses and even the … Can I buy a money order with a credit card? 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. 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. How much does a money order cost? $5 for up to $1,000. The U.S. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. And it can take a month or longer for the issuer to process your claim. 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 cost depends on where you buy them, but fees generally ranges from one to five dollars. For example, San Francisco-area Western Union providers often charge around $1. Verify the funds. With over 8,500 locations in the U.S., 7-Eleven is one of the first retailers that pops to mind … Every U.S. post office accepts debit cards as payment for money orders. 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 two main companies that produce money orders are Western Union and MoneyGram. Postal Service. 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 … This may depend on what money order service you use and how the money order is issued. 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. The customer can either mail it to the destination or deliver it himself. You can purchase a money order with cash or with a debit or credit card. Money orders can cost as much as $5 at a … .) What does a money order cost at some of the biggest U.S. banks? 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. NerdWallet's compound interest calculator will show you how much your savings and investments can grow over time. Try not to exchange money orders with strangers. Prices vary for money orders based on the merchant. Or check out our. Where can I get a money order? This isn't always possible, but if you can, ask to be paid electronically or via another means. A cashier’s check is a type of official check that banks issue and sign. That interest rate might be greater than the rate you'll pay on a normal purchase. Your receipt will also have a tracking number that you can use to verify that the money order got to the intended recipient. 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. Our partners compensate us. In the market for a provider? We contacted QFC locations in Portland and throughout the Seattle area. Postal Service money orders can be sent to about 25 countries. The receipt will be a carbon copy of the money order or a paper slip recording the information entered on the money order. After all, a check can bounce. How to pick between a cashier's check and a money order. Here are our. (For step-by-step instructions, check out NerdWallet's guide on. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. 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