It seems like there are a million different ways to pay for things these days: Cash, credit cards, Cash App, Venmo. Even money orders.

Like if your landlord requires one for a security deposit on your apartment. So we’re breaking down everything you need to know about them, in case you need to buy and fill out a money order.

Except they give the payee direct access to cash vs having money come out of a banking account with a check. And money orders can be issued by a bank or credit union, Western Union, MoneyGram, or USPS.

(Sorry, credit cards generally aren’t accepted to buy a money order.) Once you’ve got the money order, just give it to the person you’re paying via a handoff, snail mail, or any other way. And they can cash it at their bank, credit union, or a check cashing store to get their money.

Oh, and they also don’t expire. Ever.

But there are a few instances where they might be the better way to pay. Like, if you don’t have checks for your bank account.

At one of the tens of thousands of stores that offer them. Like your local post office, most banks and credit unions, and even Publix or Walmart.

Money orders may look slightly different depending on where they’re sold. But the steps to fill it out are the same:

Be sure this part is correct. Otherwise, the money order could be rejected.

Which is why it’s important to fill in this info ASAP. Purchaser’s address: Write your full address on this line.

Memo: This is optional, but it’s a good idea to write the purpose of the payment on this line to help the payee with recordkeeping. Example: Is this money order tied to your rent payment for a specific month or account number for a utility bill.

Signature: Sign this line to seal the deal on your payment. Heads up: If you make a mistake while filling out the money order, you’ll need to head back to the location where you bought it and ask for a new money order or refund.

And since it isn’t linked to a specific bank account like a check, you’d have to contact the issuer of the money order to see if it’s been cashed. The process will take some time and may cost you a fee.

Checks aren’t your only option when it comes to paper forms of payment. Not only will opting for a money order protect your account info, but it comes with convenience, too.

A money order is a safe alternative to cash or a personal check, usually issued by a government or banking institution, that works similarly to a check. A money order can be cashed or deposited into a bank account.

Money orders are readily accepted and converted to cash and are often used by people without access to a standard checking account. They are an acceptable form of payment for debts, both personal and business, and can be purchased for a small service fee from most institutions.

If you buy a money order, you will have to fill out the name of the recipient on a form and the amount that the recipient should receive. Most money orders have a maximum limit of $1,000.

Be sure to fill out the money order carefully. it’s a one-off purchase and you need to keep good records of it.

The financial institution or authorized body that issues the money order to the person paying will have the name of the person or entity being paid, the issuer’s name, and the amount of money that can be cashed. This dollar value doesn’t include the fees charged.

A bank or credit union normally will charge more than a convenience store to issue money orders.

You should keep this information until you’re certain the money order has cleared. Without a receipt, tracing a money order can be difficult or even impossible.

A money order is harder to trace than a check, so keep your receipt until you are sure the order has been received and cashed. Doesn’t include sensitive information.

Can be deposited into a bank account. Can be issued in one country and cashed in another.

Buying and cashing the money order can incur a fee. Funds could be delayed, depending on where it’s cashed.

You can buy a money order at any bank or credit union, as well as most grocery stores, convenience stores, and any store that offers check cashing or money services such as MoneyGram or Western Union. The U.S.

To order one, you simply need to bring enough money to pay for the money order, either in cash or with a debit card.

This information is used to prevent money laundering. Although there is an additional cost for issuing a money order, the fee is generally only a small fraction of the value of the order.

Postal Service charges $1.75 for money orders of up to $500, and $2.40 for orders from $500.01 up to $1,000. Fees are lower for money orders issued in military postal facilities.

Money orders from commercial institutions may have different prices, but the fees will tend to be similar. However, international money orders may incur higher fees.

A cashier’s check is similar to a money order, in that both are sometimes used for payment in situations where cash or a personal check would be impractical. Neither can be bought with credit—you have to use cash.

But unlike a money order, a cashier’s check is simply a check written by a financial institution against its own assets. This is considered more reliable than a personal check because there is no chance of the check bouncing.

For this reason, cashier’s checks are frequently used to make large purchases, such as for a house or vehicle. Whereas banks might place a hold on a personal check for that much money, funds issued by a cashier’s check should be available the next business day.

In contrast, money orders are typically used for smaller transfers, such as for rent or mortgage payments. Many institutions, such as the U.S.

In addition to checks and money orders, other ways to send guaranteed funds to an individual or business include traveler’s checks, wire transfers, bank drafts, and cashier’s checks. But money orders are frequently used for payment in situations where the party being paid isn’t set up to receive cash.

In some cases, a personal check, debit card, credit card, or even online payment apps might also be acceptable for payment. However, money orders are slightly different from these alternatives.

And, unlike checks, a money order can’t bounce.

Write the name of the intended recipient in the “Pay to the Order” field, and your full legal name and address in the appropriate fields. Fill in the amount to be transferred.

Finally, sign and date the money order, and keep the receipt. You can cash a money order in the same places that issue money orders, such as a bank, credit union, post office, check-cashing store, or even some convenience and grocery stores.

There may be a small fee for cashing the money order, which you can skip by depositing the money order into a bank account. Money orders don’t expire, but depending on the state and issuer, they may incur additional service charges if you cash them more than a year after they were issued.

However, domestic money orders from the U.S. Postal Service will never expire or lose value.

For that reason, money orders are a popular way to make small to medium-size payments in circumstances where cash or personal checks aren’t practical. Unlike cash, lost money orders can be replaced (with a receipt presented), and they can’t bounce due to insufficient funds.

Money orders are a safe form of payment that can be used as an alternative to a check or cash. These paper documents offer guaranteed funds, but unlike a check, they’re prepaid and aren’t tied to a bank account.

Consumers purchase the money order by paying the amount they intend to send plus a fee to the issuer. Generally, money orders can be purchased for any amount up to a certain number.

With the purchase of a money order, the sender receives a paper document, similar to a check, that includes the payment amount. The document requires the sender to fill out some information, including:

The payee can cash or deposit it like a check, without the risk of it bouncing, since the full amount was already paid. There are certain circumstances when money orders can be safer or more convenient than personal checks or cash.

The cost of a money order — in addition to the amount to be sent — depends on where it’s purchased, but fees generally range from $1 to $5. Here’s what you can expect to pay at various places for a domestic money order:

The U.S. Postal Service, for instance, charges an issuing fee of $49.65, plus a processing fee that varies by country.

Money orders can be cashed at a number of different locations, including banks, grocery stores or check-cashing stores. You’ll typically get the best deal, however, by cashing it at the same place it was issued.

Money orders can also be deposited directly into a checking or savings account by bringing them to the bank. To cash a money order:

The issuer may be able to replace or refund the lost money order. If your money order hasn’t been cashed, the issuer might be able to cancel it.

It can take up to 30 days for the issuer to confirm the money order’s loss or theft. Depending on the issuer, you may have to pay a fee.

The Postal Service charges a flat rate of $17.30. Caret Down.

Caret Down.

Like checks, money orders are paper documents that allow for the purchaser to specify the payee and amount. On the other hand, they are prepaid, so they can function similarly to cash.

If you’re looking for a secure, inexpensive way to send or receive funds, money orders can be a good option. – Bankrate’s René Bennett contributed to this article.

A money order is a safe and secure alternative to a check. You may need to know how to fill out a money order if you’re planning to make cash deposits when renting an apartment, send money to family overseas or otherwise keep your banking information private during a purchase.

Money orders vary slightly in appearance depending on where you purchase them, but most of them have the same basic sections. So, you can use the following steps if you need to know how to fill out a money order from Western Union, the post office or any other issuer.

If it’s left blank and then lost or stolen, the wrong person may fill their own name in the recipient field and cash it. Some money orders also have a line for an address.

It depends on the money order. Some money orders have a line for the address of the recipient or purchaser, whereas some have a line for both addresses.

Fill in your name and, if there’s a line for it, your address. The section for your information could be labeled “purchaser,” “from,” “sender” or “remitter.”.

However, if you’re paying a bill, you want to ensure the biller has enough information to credit the payment to your account or to contact you if there’s a problem with the money order. Besides your name and address, do you have to fill out anything else on a money order.

Use this to include a note or your account number if you’re paying a bill. Once again, provide enough information to ensure that the biller has no questions regarding which account to credit.

The line will say “purchaser’s signature” or something similar. Who signs the back of a money order.

You might sign the back of a money order only if you’re making one out to yourself. In that case, check with your bank before depositing it via mobile deposit — not all banks allow it.

Suppose you fill out a money order incorrectly. If you alter it in any way to fix it, your recipient may not be able to cash it.

You’ll also need the receipt to replace a lost or stolen money order. If you don’t have the money order receipt, you can request a refund from most issuers.

If the money order is cashed during that time, you may have to show proof of fraud to get your money back. To protect against fraud, financial institutions or check-cashing places may not cash a money order missing essential information, like the recipient’s name or the purchaser’s signature.

Complete all money order fields to prevent problems or delays.

The maximum money order amount varies by issuer. For example, the biggest money order you can get at the post office is $1,000.

Money orders aren’t always the best solution. For example, they’re not great for large purchases since they’re limited to $1,000 or less.

If using a money order isn’t the right option for you, consider these options for sending money: Because of the many ways you can send money without using a checking account, you might not have much need for money orders.

Always keep your receipt in case you need to request a replacement or refund.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct.

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Cashier’s checks and money orders are considered to be safer forms of payment compared to personal checks, but they differ in terms of where you can buy them, what they cost, and when it makes sense to use one over the other. You can use a money order or cashier’s check instead if you have to pay someone and you don’t want to use cash or write a personal check.

Investopedia / Joules Garcia. The bank takes the money from your checking or savings account and puts it in its own account when you purchase a cashier’s check.

You’ll typically pay a fee to the bank for a cashier’s check to the bank, with the average fee at the nation’s largest banks hovering around $10.

The bank takes the money directly from your account and puts it into its own, so the check is guaranteed not to bounce. Whoever you want to pay is guaranteed to receive the money.

Cashier’s checks aren’t entirely foolproof, however, and fraudulent cashier’s checks can feature in financial scams. A scammer might present you with what looks like an official cashier’s check, which you then deposit into your account.

A cashier’s check is an official check that’s issued by a bank. It’s not the same as a certified check, which is drawn on a depositor’s checking account after the bank has certified and put a hold on sufficient funds to pay the check’s amount.

Another key difference is that a bank representative will sign a cashier’s check because the funds are technically drawn from the bank’s own account whereas the bank certifies the customer’s signature on a certified check is genuine.

It’s not to be confused with a certified check, which is a check drawn on a depositor’s checking account that the bank certifies there are sufficient funds to pay. Money orders are also a safer form of payment compared to personal checks.

Postal Service, convenience stores, drug stores, grocery stores and check-cashing companies. These places generally will also cash a money order they’ve issued, or you can deposit a money order into your bank account.

You must pay for a money order with cash, a debit card or traveler’s checks when you purchase one. You generally can’t use a credit card or write a personal check, and the transaction could be treated as a cash advance if you are able to use a credit card.

The fee may be less than $1 or as much as $5 depending on where you buy a money order and how much it’s for.

You must request a new cashier’s check from the bank if it’s lost or stolen, and, in most cases, you must purchase an indemnity bond from an insurance company. This bond protects the bank if you lose the cashier’s check a second time.

Replacing a lost or stolen money order is often as simple as returning with your receipt to the place where it was purchased and asking for a replacement or refund. The money order issuer may charge you a fee to replace it, but you can get it right away instead of waiting months for a cashier’s check to be reissued.

Money orders are generally easier to buy, but cashier’s checks are more secure. So which should you use and when.

The safety factor makes cashier’s checks the better choice if you’re making a large payment, perhaps for a car or a boat. In fact, a cashier’s check may be your only payment option in some cases.

Money orders are less expensive, making them more suitable for smaller payments or when writing a personal check isn’t an option. You might want to use a money order to pay rent or to send a few hundred dollars to a friend who’s short on cash.

The maximum amount for a U.S. Postal Service, MoneyGram, or Western Union money order is $1,000 as of 2023.

Contact the bank that’s named on the check to make sure it’s authentic before you accept it for payment from an unknown party or try to cash or deposit it. Contact the issuing bank right away if your cashier’s check is lost or stolen.

The bank can decline to honor the check if it’s been stolen or presented for payment by someone other than the intended individual or business if you’ve taken the necessary steps to report the loss. Money orders and cashier’s checks can be a convenient way to pay someone or to receive money.

Most importantly, keep your receipt or statement showing when the money order or cashier’s check was purchased in case it’s lost, stolen, or damaged.

“A money order is a method of sending a prepaid amount of money to somebody,” explains Chane Steiner, chief executive officer of Crediful. “It’s considered very secure and is an excellent way to send money quickly in situations where a personal check is not appropriate.

Here’s how to cash a money order quickly and securely. The best banks also allow you to deposit money in a bank account if you prefer.

See Insider’s best checking accounts>>. The first thing to do when you receive a money order is double-check its value to make sure the amount is correct.

Also, make sure the name on the money order matches the name on your ID. You’ll also want to verify that the money order is legitimate.

Locations include a bank, credit union, grocery store, post office, retail store, or some convenience stores. Many retail locations have a money transfer outlet like Moneygram or Western Union counter to make the process convenient.

Bring your money order to a location that will cash it. If you receive a USPS money order, you can cash it out for free.

If you go directly to the place that issued your money order (again, that could be a place like Western Union, Moneygram, or Walmart) you might be able to minimize your fees. Going directly to the issuer is also a way to verify the money order.

The longer you hold on to the money order, there’s a chance it can be lost, damaged, or misplaced. Plus, cashing a money order quickly is a way to protect yourself against possible fraud, since the sender can cancel their money order.

This will include a picture ID: a driver’s license, passport, or other government-issued ID. You will need an ID to cash a money order.

add a signature to the back of the money order when you are at the counter. “Sign your money order only once you are handing it over to be cashed.

The fees tend to be low — a few dollars, or a percentage of the total. Count the money that you receive, and make sure to get and save your receipt.

You don’t have to tell them, but you might want to consider updating the sender that your transaction is complete. Yes, you may cash a money order at a financial institution, post office, or select retailers like Walmart.

Some financial institutions let you make a mobile money order deposit, but not all do. For example, the U.S.

Money orders allow you to securely send or receive payments, providing an alternative to cash, checks or credit cards. They are similar to checks, but, because they’re prepaid, money orders can’t bounce.

It’s important to know what information you’ll need to fill one out and where that information goes. In this article.

Postal Service. Each institution’s money order may differ slightly in appearance as well.

You’ll also need a form of payment to purchase the money order. Some issuers limit your payment options, too.

Write the name of the payee of the money order in the “pay to” or “pay to the order of” field. This could be a person’s name or the name of a business.

It’s important to fill out this section as soon as you purchase the money order, since this will be the only person authorized to cash or deposit it. If the money order is lost or misplaced without a payee’s name written down, it could be liable to fraud and someone else could write their name on it.

Fill in your address where the money order asks for the purchaser’s address. There may be a second address field for filling in the address of the payee.

A memo line allows you to note what the money order is designated for. The memo might specify that it’s a purchase for a particular item or a payment toward a debt, for example.

Some money orders may say “payment for” or “account number” instead of memo. Sign the front of the money order where indicated.

Don’t sign the back of the money order, which is where the payee endorses it. Be sure to keep the receipt because it contains a tracking number, which can be used to find out whether the right person cashed the money order.

A processing fee may apply for replacing a money order. The receipt can also help you cancel the money order should your plans change.

Postal Service, many grocery stores and some big-box stores. Avoid using a credit card to purchase a money order, since your credit card company may consider the purchase a cash advance and charge steep fees.

There may be limits on the size of the money order you can purchase. The Postal Service, for example, allows you to buy money orders up to $1,000 if you’re sending it within the U.S.

Money orders can be a useful alternative to checks or cash for paying bills, paying off debt or making large purchases, especially for those who don’t have a checking account. They’re a safe paper option for those who want to avoid a payment bouncing — they can’t be declined for insufficient funds, since they are prepaid.

Additionally, money orders are a good alternative to electronic payments when you prefer or are required to send money through the mail. They don’t contain bank account information, so it won’t end up in the wrong hands.

Money orders can be a useful way to send and receive money. They are a widely accepted way to make a payment, they never expire, and if they are lost or stolen, they can often be replaced.

Just be sure to fill out every field of the money order and write legibly, so that it’s not returned. –Freelance writer Mitch Strohm contributed to a previous version of this article.

Money orders are easy to complete and require the same basic information. Most money orders are from one of three brand names: Western Union, MoneyGram, or the U.S.

Here’s a step-by-step guide on when to use a money order, where to get one, and how to fill it out correctly.

Money orders are widely accepted because they are prepaid, eliminating the risk of non-sufficient funds.

Money orders are beneficial for those who don’t have a checking account or do not want to accept personal checks.

Buying a money order typically requires you to visit a location that sells them and leave with a paper money order in hand. U.S.

Postal Service (USPS) retail offices.

Postal Service carries its brand and format of money orders, as do some banks and credit unions. Other sellers generally offer MoneyGram or Western Union.

Almost all money order purchases involve a fee, so it’s wise to shop around. Walmart charges $1.00 at most locations, and the USPS charges $2.00 to $2.90 depending on the amount.

Write the name of the recipient, the person whom you are paying, in the “pay to” or “pay to the order of” field. Include the person’s name or the name of a business.

The “purchaser’s address” is the address of the individual who is buying the money order. There may also be an additional address field for the address of the payee.

The memo line or field notes what the money order is designated for and if it is paying a certain billing account number.

You will need to provide valid identification to purchase or cash a money order. Once you’ve filled in all the fields, be sure to detach the receipt.

Now that you have a completed money order in hand and a receipt, you can safely hand deliver the money order or mail it to your recipient and only the recipient will be able to cash it.

You don’t need a checking account to purchase or cash a money order. Only the recipient can cash the money order.

If you lose or need to cancel your money order, it can take up to 30 days or longer to be reimbursed. Anyone can cash it if you forget to put the recipient’s name on the order and lose it.

Make sure to have your receipt and be prepared to show it. You will need to pay a fee for a canceled money order and you may ask for a replacement money order or a cash refund.

You need to put both your address and the recipient’s address on a money order. Yes, you do have to write out your signature on a money order.

If you write out the wrong payee name or misspell it, you may have to ask for a refund, which could take 30 days, according to Western Union. If someone finds a blank money order with a specified value amount on it, it can be filled out and cashed.

For less than $1,000, money orders can be an easy way to purchase something, pay a bill, or pay back personal debt. You can buy a money order for a small fee at convenience stores, money order businesses, big box stores, and some credit unions and banks.

A money order works just like cash-you pay for it ahead of time and send it to whomever you need to pay.

Tracking orders, then, can give you peace of mind, or help you figure out what to do if your funds are lost, stolen or damaged.

“It’s a piece of paper that acts like an exchange instrument for cash.”. It’s safer than cash because only the person to whom you send it is able to use it.

You can go to several issuers to get a money order, including the United States Postal Service (USPS), most banks and credit unions, large retailers and stores including Western Union and MoneyGram.

You’ll need to give their name and address, the payment amount, your name and address and what the payment is for. The vendor will most likely charge a fee, which you pay for on top of whatever amount you’re sending.

The fees themselves are typically nominal. For example, the USPS charges $1.75 for money orders up to $500, $2.40 for orders between $500.01 to $1,000 and only $0.60 for money orders issued by military facilities.

You can send only up to $1,000 per order via USPS. All vendors provide a receipt that will have the information you need to track a money order.

“Always copy or capture the image of your money order, and put a memo or reference line on them for your records and future references.” Said Ohan Kayikchyan, a certified financial planner and founder of Ohan the Money Doctor. It also serves as proof of value in case the money order is lost, stolen or damaged.

The main way to track your money order is through the provider. The company’s name will be on your receipt as the “issuer” and is typically your bank, USPS or a money-sending business.

All issuers have a customer service available and some offer online tracking through their websites or mobile apps.

Most mail services offer tracking numbers as an option when you mail a package.

Yet, if you lost the receipt, you may be able to file paperwork instead.

For example, Western Union has a Money Order Custom Request Form, but it’s not guaranteed and requires the original store receipt, up to eight weeks processing time and a $30 fee.

Remember the issuer is not the reseller or the third party.

To track the status of your USPS money order, visit the USPS website and enter the following information, which can be found on your money order receipt: Western Union.

MoneyGram. Go online to check the money order status or call 1-800-926-9400.

Get a refund or replacement (if necessary). If a money order goes missing, whether it was lost or stolen, your ability to recover the funds will vary based on the vendor.

You’ll need to provide as much information as possible and you may have to pay a fee.

As a sender, you can’t stop payment, but you can replace it. Be warned that this process takes time.

Plus, it requires a $14.60 replacement fee. As a receiver, if the money order arrives damaged, USPS will replace it for free.

The Western Union website offers a self-service form that you can complete if your money order goes missing or you would like to request a refund.

In the case that you don’t have the receipt, you can submit the Money Order Research Request form, along with a $30.00 processing fee. If your money order status says it’s eligible for replacement, you can submit the Money Order Replacement form online (mailed requests are not accepted).

If the vendor allows cancellation, contact them, provide the money order details and request a cancellation.

For example: While money orders are generally a safe way to send and receive funds, they are often used as part of bank scams.

A money order refund is the return of the funds you used to purchase said money order. To get a refund, you must first cancel the money order.

If the vendor allows cancellations, you will likely have to forfeit any associated fees and receive only the amount sent. There is usually a small fee to send a money order.

Western Union and MoneyGram fees may vary based on the amount, the send method (online or in-person), as well as the current exchange rates if the transfer is international.

Check with your financial institution to see if online deposits are accepted. It depends on the money order issuer.

Western Union and MoneyGram may accept credit cards for online transfers, but you will usually have to pay an additional fee.

Money orders provide a method of secure money transfer to friends and family members. Credit cards can be used to purchase money orders, but finding merchants who allow customers to use credit cards is difficult.

No single credit card is the best option for every family, every purchase or every budget. We’ve picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.

A money order is a paper form of payment similar to a personal check. People generally use money orders as a check or cash alternative when they’re seeking extra security and traceability.

The order must be made out to a specific person or business who receives the paper and can cash it at a different location—with ID in hand. Money orders have advantages such as traceability—with a receipt that usually has the date of purchase, dollar amount and banking code.

Money orders are useful for sending quick funds to a friend or family member either locally or even internationally. People who don’t have a checking account can still buy a money order to send cash to someone else.

For example, if a retailer has a value limit of $1,000 for one money order, and the purchaser wants to send $3,000 to a family member, they will likely have to purchase three separate money orders. Most retailers or merchants charge a small fee for every money order purchased.

Many retailers or merchants don’t allow money order purchases with a credit card so it’s always better to consider using cash or a debit card first. If a retailer will allow money order purchases with a credit card, keep in mind that many credit card issuers treat money order purchases as cash advances.

No single credit card is the best option for every family, every purchase or every budget. We’ve picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.

Purchasing a money order with cash or a debit card is usually a better option than buying one with a credit card, even if a retailer accepts credit cards for money order purchases. Most merchants don’t accept credit cards for money order purchases anyway.

Most credit card issuers treat money order purchases as cash advances, which could send the cardholder into spiraling debt if they cannot pay off the cash advance as soon as possible. Interest begins to accrue on the day the purchase is made and usually at a higher rate than for regular purchases.

Unlike personal checks, money orders are pre-paid in full before being issued. Because of this, the recipient of a legitimate money order can rest assured that it won’t bounce when they go to cash it.

And if your money order is lost or stolen, you’ll usually be able to get your money refunded. To take advantage of the various benefits of money orders, you’ll need to know how to fill out a money order correctly.

Here are five quick steps for filling out the form. You’ll want to fill out each line of your money order with a pen in large and legible letters.

It’s important that you fill out your recipient’s name accurately here. Your payee will need to provide identification to cash out the money order.

If the money order will be used to pay a bill, you’ll want to provide your account number as well. Some money orders will have a “Memo” line where you can add this or any other extra details.

Now that you’ve completed the payee section, it’s time to provide your personal information. Depending on where you’re purchasing your money order, these lines could have different names, such as “Sender”,” “From,” “Purchaser,” or “Remitter.”.

Still, others may ask you to provide both pieces of information.

And if you’re required to provide an address, make sure that the one you provide is your current mailing address. Next, you’ll need to add your signature.

You’ll also notice a signature line on the back of the money order: This is where your recipient will need to sign when they go to cash your money order, so you’ll want to leave that line blank.

You can pay for your money order with cash, a debit card, or a traveler’s check.

However, you’ll want to ask the provider how the transaction will be processed. Some stores will run money order purchases as credit card cash advances, which could cause you to rack up fees and interest charges.

Thankfully, these fees are generally reasonable. With the exception of banks, most places that sell money orders will charge less than $2 in fees.

You’ll want to save this receipt in a secure location for two reasons.

Using the tracking number on your receipt, you can check to see if, and when, your money order has been cashed. If you feel there was a problem or mistake, contact your money order issuer for help.

However, you should be aware that most providers will charge an additional service fee when refunding lost or stolen money orders. Money orders are an affordable and secure guaranteed form of payment.

Since money order transfers are often limited to amounts of $1,000 or less, they won’t necessarily be a good option for larger purchases, such as purchasing a used car. If you have a bank account, a cashier’s check, certified check, or wire transfer may be better options for large transactions.

Also, since a money order can’t be used for online transactions, it’s not a good replacement for a bank account if you want online bill-pay services. If you’re looking for a way to pay your bills online without a bank account, a prepaid debit card could be one of your best choices.

One of the most inexpensive places to buy a money order is Walmart. You can also buy money orders from the United States Postal Service (USPS).

Here’s a quick overview of how much it costs to buy a money order:. Many grocery stores and convenience stores that you already frequent each week also may sell money orders.

No, usually money orders do not expire. However, an issuer may charge a fee if you don’t cash them by a specified date.

Money orders won’t bounce because it is a guaranteed form of payment. It has to be paid before being issued, so a money order can’t be declined because of insufficient funds.

You will write down your address on the money order. The money order will usually specify where to write your address using phrases like “Sender”,” “From,” “Purchaser,” or “Remitter.”.

You’ll need the money order number and precise dollar amount to see if a money order was cashed. This information can be found in your money order receipt.

Your receipt will sign the back of the money order. The payee only signs the front of the money order, typically on the bottom right-hand side.

Cashing a money order is a lot like cashing a check because the same general guidelines apply. The first thing to know about cashing a money order is when to sign it.

You don’t want to endorse a check until you’re at the bank, and the same applies to money orders. For current account holders only, follow these steps to cash a money order (or deposit one) at Huntington:

Money orders don’t expire, but locations that cash money orders may have their own policies. Huntington will cash money orders up to one year from the issue date for customers.

If your money order is older than a year, you’ll need to take it to the place that issued it to cash it. It’s good practice to avoid this problem by cashing or depositing checks and money orders as soon as possible.

If you’re not a Huntington customer, try a nearby post office, a retailer, or the location your money order was issued. For current account holders, visit a local Huntington branch to cash your money order.

Fortunately, purchasing a money order is a simple process. We’ll show you where to get a money order, so you don’t need to hunt one down.

From there, all you have to decide is where to get a money order that fits your needs and compare costs. If you need to mail your money order, getting one from the post office is super convenient.

You can buy post office money orders for up to $1,000 each. You’ll pay a $2 processing fee for money orders up to $500.

You may be surprised to hear that you can buy a money order at the same place you fill your gas tank and grab a quick snack. Well-known convenience store chain 7-Eleven offers several financial services, including money orders, across 13,000 locations.

In addition, pricing varies by store. We called multiple locations and were quoted a fee ranging from $1.39 to $2.99.

They may also be able to help you pay a bill, get a loan, or purchase a money order. For example, ACE Cash Express sells money orders and has over 850 locations across 23 states.

If you live in Florida, consider visiting Amscot, a check-cashing store that issues money orders for free. Western Union has roughly 45,000 agents in the United States and Canada offering money orders.

You can purchase Western Union money orders for up to $1,000. The fee can vary, depending on where you buy them.

They’re always willing to help you fill out the money order.”. You can buy a MoneyGram money order at 26,000 locations.

Processing fees and face value limits can vary by location. It’s wise to contact the store you plan to visit to obtain this information.

For example, you can request a copy of your money order if you need proof of payment. You can also request a replacement or refund if it hasn’t been cashed.

However, you can generally expect to pay more at one of these institutions than at other locations. For example, Wells Fargo and Chase charge $5 per money order.

She says you’ll “have the opportunity to speak with someone, to build a relationship, to learn about other avenues [besides money orders] that can be of value.”. Every Walmart Supercenter or Neighborhood Market sells money orders, which means you can buy one at the same time you pick up milk, toilet paper, dog food, or a new sweater.

Walmart money order fees vary by location. However, you’ll never pay more than a $1 processing charge.

However, it may not always be your best option. A few alternatives to money orders to consider include:

Deciding where to get a money order ultimately comes down to convenience and price. Going to the closest seller may make sense if you’re in a time crunch.

White says that money order pricing is “probably going to be lowest in areas where there’s a lot of competition.”.

You must also fill out a few pieces of information such as providing the name of the person or organization receiving the funds (the payee). The financial institution that issued the money order should also have its name printed on the money order†.

If you are receiving the money order, you should be able to deposit the money order similar to how you would with cash or a check. You pay the value of money order and any associated fees when you get it.

They take it to their bank or another place that cashes money orders to exchange the money order for cash. Depending upon where they cash it, there may be a fee to cash the money order.

Therefore, it’s considered a good idea to cash the money order at the same institution that issued it. This makes the U.S.

These companies have locations across the U.S., so the recipient is likely to have a location nearby to cash it. Money orders are typically capped at a certain dollar amount.

Postal Service won’t issue one for more than $1,000‡. Grocery stores and other places that sell money orders may have a different limit.

You can read about the differences between a cashier’s check and a money order to decide which option is the best for you. Typically, the following places sell money orders:

First, simply ask the cashier for a money order. The value of the money order, plus any associated fees, must be paid at the time of purchase.

If the money order is valued at $100 and there’s a $2 fee, the grand total will be $102. Some comparison shopping may result in finding a cheaper fee.

An ID isn’t typically needed to buy a money order, but it might be needed for higher dollar amounts§. Some stores will provide a receipt and the money order will have a stub attached to it.

In some locations, the stub is the receipt. Keep the receipt and/or money order stub in a safe location.

If a money order is lost or stolen, contact the company that backs the money order. This may not be the place where you purchased the money order, but you can typically find the name of the company that backs the money order written on the front of the money order.

After the money order has been completed, it can be sent or given to the recipient. Make sure the payee information has been filled out before it is sent.

We have detailed instructions on how to fill out a money order for guidance. Here are some things to keep in mind when you’re considering purchasing or cashing a money order:

The fees per money order are small but can add up. Some people use money orders to pay monthly bills like rent, an electric bill, etc.

That adds up to $120 a year just to pay household bills. That money can be saved by opening a bank account online and paying bills online.

At a Glance. A money order is a secure and widely accepted form of payment that functions like a prepaid check.

Let’s explore using credit cards to purchase money orders, obtaining and using money orders, associated costs, and available alternatives. In this article, you’ll learn:

The maximum money order you can purchase at the United States Postal Service in a day.

However, it is essential to consider both the benefits and potential drawbacks before opting for this method. Money orders are known for several advantages, making them an attractive payment option for many individuals.

Unlike personal checks that may bounce if there are insufficient funds in the issuer’s account, money orders are prepaid and considered a secure form of payment. They are backed by the issuing organization, guaranteeing that the recipient will receive the specified amount.

Money orders can be purchased from various locations, including post offices, banks, credit unions, grocery stores, and convenience stores. Since money orders don’t contain sensitive bank account information like personal checks, they offer an added layer of security against identity theft and fraud.

While using a credit card to purchase a money order may offer convenience, it’s crucial to be aware of the associated costs: Buying a money order with a credit card is often treated as a cash advance, which means you may be charged a cash advance fee.

Credit card companies typically apply a higher interest rate to cash advances than standard purchases. This rate, known as the cash advance APR, can lead to additional costs if the money order purchase isn’t paid off promptly.

Money orders can be purchased from various locations, but not all accept credit card payments for money orders. Common places where you can buy money orders include:

While money orders offer several advantages, they may not always be the most suitable option for everyone. Consider the following alternatives.

This may eliminate the need for a money order altogether. If you need to make a substantial payment, taking out a personal loan from a bank or credit union may be a more cost-effective solution than using a credit card for a money order.

While some online platforms allow credit card payments for money orders, the availability of this option may vary. Researching the specific service or vendor and determining if they accept credit card payments for money orders is essential.

Cash advances, including money order purchases, may not always qualify for rewards. Filling out a money order involves providing essential details, such as the recipient’s name, payment amount, and signature.

The acceptance of credit cards for money orders varies among merchants. Some may accept credit cards for money orders, while others may only accept cash or debit cards.

Cons:.

For the millions of consumers without a bank account, cashing a check isn’t easy. Some 5.9 million U.S.

There are ways to cash a check without a bank account, but they cost more money, often take more time and are riskier than cashing a check at a bank where you have an account. Here are five different ways to do so and what they’ll cost you.

Banks and credit unions aren’t required to cash checks for noncustomers, but many banks will cash a check that is written by a checking account holder at that bank, even if it is payable to a noncustomer. There must be enough money in the payer’s account to cover the check.

The payee also should expect to pay a percentage of the check amount, such as 1 percent or a flat fee. That can add up over time.

There may be other hurdles, too, such as limits on check amounts and refusal of two-party personal checks. Checks that are six months old or more might even be declined.

There are a number of grocery chains and big retail stores like Walmart that offer check-cashing services. Walmart doesn’t cash handwritten checks, but it does cash other types of checks:

Many grocery chains provide check-cashing services. Kroger and Publix are just a couple.

Consumers who don’t have bank accounts sometimes use prepaid cards to deposit checks and access their cash. Prepaid cards are similar to checking account debit cards.

Prepaid cards have different options for check cashing. Some prepaid cards let you set up direct deposit so that checks are automatically loaded onto the card.

Or, you might be able to deposit your check at an ATM to load the money onto the card. Fees are a big drawback of prepaid cards.

There is a monthly fee of $5.94 unless you direct deposit at least $500 a month onto the card. Reload fees can be steep.

Green Dot also charges $32.50 for an ATM withdrawal and 50 cents for an ATM balance inquiry. In addition, there is a $7.95 fee for every month there isn’t at least $1,000 loaded onto the card.

Check-cashing outlets are probably the most expensive places to cash checks. Some of them require customers to become “members” or to buy check-cashing ID cards before cashing checks.

Check-cashers typically charge 1 percent to 12 percent of the face value of the check. Some businesses charge a flat fee on top of the percentage.

The national average fee for cashing a check at one of these services is 4.1 percent, according to the Consumer Federation of America. So if you cashed a $500 check, for example, the fee would be $20.50.

Not only are check-cashing stores exorbitantly expensive, there is a risk of deceptive practices. The Better Business Bureau, for example, alerts consumers to a scam where customers of a check-cashing store are called by someone who claims to represent the business.

Of course, the loan is never received and the customer of the check-cashing store gets scammed out of their cash. Given the costs, check-cashing stores are best left as a last resort.

Another way to cash a check without a bank account is to sign the check over to a trusted friend or relative who has a bank account and have them cash the check at their bank. Make sure the person you are signing over your check to is willing to cash the check and that their bank will cash it.

Your friend must have the proper identification and be prepared to pay a check-cashing fee. All of these check-cashing alternatives carry more safety, financial risk and expense than cashing or depositing your check at your own bank.

For those who can’t qualify for a standard checking account, some banks offer second-chance checking accounts. These accounts give customers the opportunity to prove they can responsibly manage a checking account so that eventually they can qualify for and enjoy the benefits of standard bank accounts.

— Bankrate’s René Bennett contributed to an update of this story.

Have you ever sent a friend or loved one a money order, only for it to get lost or stolen somewhere along the way. Did you frantically search “how to cancel a money order” and wonder if your cash was gone for good.

Chances are, you did everything correctly. But unfortunately, this sometimes happens, which is why there’s an entire system in place to help senders track and cancel their money orders.

We will review what a money order is, how it works, how to cancel one, and some alternative payment methods. Like a check, a money order is a paper form of payment.

Postal Service in 1864. It allowed people to pay bills, buy items from catalogs, and help loved ones in need of quick money.

When the recipient receives a money order and tries to cash it, it can’t bounce because the sender has already paid for it upfront. Money orders are ideal for some because they can be paid for in cash and thus don’t require a bank account.

However, they don’t come without a cost. You can get a money order in several places, so your first step will be to contact or visit the issuing vendor.

For others, that location may be a payday loan store or a retailer, such as a grocery store or a pharmacy. Money order requirements vary by the financial institution, but in most cases, you will need:

There are systems to ensure you keep the money you sent. There will likely be a fee to cancel and process a replacement, but this is often the preferred choice compared to losing the balance entirely.

Here are the steps to take to ensure the smoothest possible cancellation process. For example, if it was a postal service, visit the post office and fill out a cancellation request form.

In some cases, you can email, fax, or mail your request. This option is also possible when Western Union is the issuer.

You may also need to include the recipient’s name, address, and a brief description of the lost money order, including how you paid for it. If you have the receipt, attach it to the form.

Submit a request to cancel the money order and pay the fee. The cancellation fee will depend on the issuer.

Postal Service, the cancellation/replacement fee is $6.25 when sending domestically and $9 when sending internationally at the time of this writing. For vendors like MoneyGram, the cancellation fee is $18 at the time of this article.

However, if you don’t have your receipt, this charge increases to $30, and the processing time increases to approximately 6 to 8 weeks. Now, you can decide whether to send a new money order or get a refund.

In this case, you may not be able to get your money back. However, you can take steps to get law enforcement involved by filing a police report.

If you’re buying a money order, follow these tips to have the best possible experience.

Find out what fees may be deducted from a money order refund, how long you may have to complete a cancellation request form, and how you can make a request. Money order issuer’s fees vary greatly.

Remember to check with your bank or credit union as well as other issuers. When you receive a money order, look at all the details before leaving the issuer’s location.

If you point out errors while still at the counter, most issuers will immediately issue a replacement money order. Keeping a record of your money order purchase can help you if problems arise.

Or, photocopy or take a photo of the money order before giving it to the person or company you’re paying. In some cases, the issuer may fill out the “pay to the order of” line when you make your purchase.

It is more difficult to fraudulently cash money orders if they are already filled out completely. If you still have questions about money orders, check out our answers to these FAQs.

When it comes to issuing a replacement money order if you cancel, providers have different rules. In most cases, you’ll need to pay a fee to get a replacement money order after you complete a cancellation form.

If an unauthorized person cashed your money order, contact local law enforcement. You will need to provide the officer with information about the cashed money order, such as the serial number and amount.

In addition, you should report phone and online scams to the FTC. You can find out how to do so on this website.

You’ll typically need to present a photo ID like a driver’s license, passport, or state-issued identification card. At a bank or credit union, you may need to provide your savings and checking account number or show your ATM card, as some financial institutions will only cash a money order for customers.

This is known as endorsing the money order. The proper way to report a lost or stolen money order varies from issuer to issuer.

Contact the customer service number for other providers to get information on what to do about a stolen or lost money order. Unfortunately, you can’t place a stop payment or cancel a postal money order.

To do so, bring the original receipt and money order to a post office location. You will then fill out a money order inquiry form and receive an immediate USPS money order replacement.

Western Union assesses a $30 charge for this service. When you submit the form to a Western Union location or mail it in, they will place a stop payment on the money order.

To report a lost or stolen money order, visit the Moneygram website by clicking here. If the stolen or lost money order has yet to be cashed, Moneygram will place a stop on the money order and send a replacement.

If you regularly send money to loved ones back home, you’re no longer limited to money orders as your form of payment, even if you don’t have a traditional bank account. Depending on the country, you can choose cash pick up, bank deposit, mobile money, or home delivery and initiate transfers on your mobile device using an app like Remitly.

Since 2011, millions of people have used Remitly to send money with peace of mind. Visit the homepage, download our app, or check out our Help Center to get started.

There are many advantages to using a money order. A money order is convenient and inexpensive.

The fee to order a money order is typically a couple dollars or less, depending on where you purchase it.

A cashier’s check may list your account number and other information typically printed on a personal check. A money order doesn’t have this information, which makes it especially useful for sending money through the mail.

Money orders are typically used for smaller amounts than cashier’s checks and that is reflected in the fee to purchase one. Depending upon where you purchase a money order, the fee ranges from $0.35 to $2.00.

Some places may limit them to smaller amounts.

If you’re buying several money orders because you’re paying different bills, then multiple money orders should be less expensive than getting several cashier’s checks.

They are often sold in places that you’d visit during the normal course of your week: grocery stores, post offices, and some big box retail stores. You could pick one up when you’re buying groceries or running errands.

We think it’s important for you to understand how we make money. It’s pretty simple, actually.

The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Compensation may factor into how and where products appear on our platform (and in what order).

That’s why we provide features like your Approval Odds and savings estimates. Of course, the offers on our platform don’t represent all financial products out there, but our goal is to show you as many great options as we can.

But with a money order, instead of pulling funds from your account when the recipient cashes the check, your money is taken out immediately with your purchase of the order. Money orders never expire.

After deciding on the money order amount, you’ll then go to any money order location with cash, debit or a traveler’s check. Write the recipient’s name or business you are addressing the money order.

Keeping in mind that you’re the purchaser, use your full legal name and current mailing address to write in the appropriate information in fields which may be titled, “from,” “sender,” “remitter” or “purchaser.”. When signing the money order, make sure that you sign the front and leave the back blank for the receiver who’ll later use this area to cash their money order.

You can send the money order to the receiver in the same way you would a check. And a money order is just as valuable as cash, so you may want to hold on to your detachable receipt for your records in case your money order is lost, misplaced or stolen.

While this may vary by location, you’ll typically need to provide a valid government-issued ID in order to endorse a money order purchase. At any money order purchase location, acceptable primary forms of identification generally include U.S.

USPS will also accept matrícula consular cards and Nexus cards. Money orders are similar to cash because you pay for them upfront and they aren’t linked to a bank account.

It’s not easy to find places that will accept credit cards as payment for a money order, and your credit card issuer may process this transaction as a cash advance, which can be costly. It’s more common to pay for a money order with cash or a debit card, and you’ll likely save money in fees and interest rates if you choose to pay the full amount upfront.

Money orders are available for purchase with your debit card or cash at any Walmart Supercenter or Neighborhood Market at the Customer Service Desk or Money Services Center. Along the money order’s payment amount, you’ll pay a maximum fee of $1.

Money orders can be purchased at any participating Western Union location. Western Union provides a price estimator for any fees that may be associated with sending money orders.

Most money order fees will cost less than a few dollars. If you don’t have a checking account, you may benefit from using a money order as a method to transfer funds.

For example, if you’re buying a car from someone you aren’t familiar with, they might ask you to pay with a money order to ensure that you can cover the full cost of your purchase. Money orders are also handy in situations where personal checks aren’t accepted, or there’s a need for you to cover an expense upfront.

This means your money order must be purchased in person. Buying a money order in person, mailing the payment and potentially losing or having a payment stolen are major downsides.

Here are some alternative options for payments to consider. Given the potential risk of sending a money order, take advantage of your money order issuer’s tracking system with the help of your receipt.

Generally, you can track your money order by visiting the issuer’s website. And to request either a replacement or refund, you can take your money order receipt to the location of the original purchase location.

If you ever find yourself needing to mail a payment, a money order is a secure way to do just that. It’s safer than mailing cash or a check, since it can be tracked and canceled, and it’s addressed to a specific recipient.

Read on to learn what you need to know about purchasing, using and sending a money order from the United States Postal Service (USPS).

They are convenient, affordable, and widely accepted. Money orders are a good way to send cash that never expires.”.

But unlike checks, they’re paid for upfront, so they can’t bounce by the time the recipient tries to cash one.¹. You may be wondering, how does a money order work at USPS.

Money orders can be delivered by hand or sent through the mail. They can be used to send money domestically or overseas.

In short, they’re one of the most secure ways you can send someone money if you need to send it via mail. A money order purchased from USPS is very inexpensive, but you’re very limited on how much you can send.

Here’s what you can expect to pay for your money order at a post office: You can also buy a USPS money order at a military facility.

You can send money to 26 countries using a USPS money order. the full list can be found here.⁵.

For most of the countries that accept USPS money orders, the limit is $700 per order. The limit is $500 per order for El Salvador and Guyana.² Keep in mind that when you send a money order overseas, it has to be sent via mail, which can take a long time to arrive, depending on the destination.

Should you want to send more money or shop around for good exchange rates, you may want to look around. For example, with an international provider called Wise, you can send money at the mid-market rate to more than 70 countries.

You can also generate local account details in the US, United Kingdom, Europe, Singapore, Australia and New Zealand — essentially meaning, that you can pay and get paid just the same way a local person would in all these places and easily convert to and from your home currency.

If any of that sounds good, you can create a free account in minutes. Join Wise today.

To send a money order from USPS, you’ll need to: ². A USPS money order needs to be filled out the same way as any other money order — there’s not a lot of difference in the information you need based on where you buy your money order.

In general, money orders should arrive to the recipient in a couple of days. However, during weekends or holidays this might take longer.

On the USPS website, you can enter the serial number of your money order (which can be found on the receipt) to check its status, track or cancel it or report it lost or stolen.⁴. When sending money overseas, you have a lot of options.

Hopefully, this guide helped you get closer to a decision. Sources:

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely.

The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome.

You may have wondered if you can buy a money order with your credit card. However, although it is (indirectly) possible, it may not be a good idea for several reasons.

You can indirectly buy a money order with a credit card. We can’t find any money order providers that currently accept credit cards.

Short of buying a money order directly with a credit card, you could visit an ATM and withdraw cash from your credit card. You could then use this withdrawn cash to buy the money order.

While possible, this would be a very costly way to purchase a money order. Withdrawing cash from a credit card is called a cash advance and most issuers charge high interest rates beginning at the moment of the cash advance, so you’ll owe interest fees even if you pay off the entire statement balance at the end of the month.

A money order is a guaranteed form of payment, physically resembling a check. Unlike checks, however, money orders are paid for upfront, so there’s no chance of a bounced payment, as can happen with checks when the balance in the linked account gets too low.

A money order is a lot like a check. Both move money from your bank account to the bank account of someone you’re buying something from.

With a check, this money moves between bank accounts after the receiver chooses to cash the check, sometime after the exchange of goods takes place. This is why checks have a risk of bouncing – there’s a chance that the buyer’s bank account doesn’t have the funds to cover the check.

In contrast, money orders are prepaid, so the funds are guaranteed. There’s more hassle to the buyer, because buying a money order is more work than writing a check, but the seller can accept the money order with minimal risk.

Walmart, 7-Eleven, Western Union, banks, credit unions and the U.S. Postal Service are all common money order service providers.

Once you’ve found a place to buy your money order, you can work with a teller or store employee to fill out the money order together. Depending on the location and size of the purchase, an I.D.

To buy the money order, you’ll pay for the value of the money order, plus the vendor’s issuing fee. You can generally pay for a money order with cash or a debit card.

Money orders are often necessary if you want to buy something like a car or want to put down a large deposit on an apartment. The downside to money orders is the hassle it takes to buy one and their cost.

Before you go, you’ll need to make sure that you have the funds ready, either in cash or available on your debit card. On top of the cost of the money order itself, money order vendors generally add their own fee, too.

Money orders are frequently required for large purchases, like rental apartment security deposits or car purchases. You may also want a money order if you’re sending funds overseas, don’t have a bank account or want your personal information to remain private when conducting a financial transaction–like buying something from someone online and then meeting in person for the transaction.

Buying a money order with a credit card is a very costly option. If you have any alternative way to pay for your money order, like cash or with funds from your debit card, we’d recommend choosing that other option.

The only way to purchase a money order with a credit card would be to use your credit card to withdraw funds from an ATM, then use that cash to purchase a money order.

Even if you did find somewhere to buy a money order directly with a credit card, most issuers equate a money order purchase with a cash advance, so you’d end up paying these high fees either way. No, Walmart only accepts cash and debit cards for money orders.

Postal Service only accepts cash, debit cards, or traveler’s checks to purchase money orders. Yes.

If you buy money orders in large quantities, this would have a large impact on your credit utilization ratio.

Are you looking for a money order company that’s licensed and bonded by the State of Illinois. Then, look no further than West Suburban Currency Exchange.

To cash a money order or purchase a new one, visit one of our Chicago Currency Exchange locations today.

Money orders are purchased upfront, meaning they are an accepted form of payment virtually everywhere. Because money orders are purchased upfront, they are less likely to bounce than personal checks.

When filling out a money order, you will need to provide the recipient’s name and address, as well as your own name and address. You must pay for the money order with cash or a debit card.

Cashing a money order is a simple process – just be sure to bring the money order and a valid form of ID to one of our local WSCE locations. Then, in a few quick steps, you’ll have the cash you need on the spot.

Almost anyone can cash a money order at our exchange.

Money orders are a type of payment that is less likely to bounce than a personal check. This is because when you purchase a money order, you are essentially paying for the guarantee that the money will be paid out to the recipient.

Unlike cash, money orders can be traced if lost or stolen. Additionally, money orders do not require a bank account, so there is no risk of overdraft fees.

Most businesses also accept money orders. So if you are looking for an alternative to cash or checks, money orders may be the right choice.

First of all, we make it easy by staying open later than traditional banks. This means you can get your money order when it’s convenient for you.

This means you can be confident that you’ll receive the financial services you need quickly and efficiently. We have 26 Currency Exchange locations conveniently located across the Western Chicago area, so you will likely find one nearby.

So, why wait. Get your money order from WSCE today.