Note that it’s best to fill out the money order soon after purchase in case it gets lost or stolen. Keep reading to find out about what you can expect from a typical online money order. Mint has you covered during coronavirus. To cash a money order, you’ll need to first endorse it by signing your name on the back. In addition, the back of the money order should be signed by that payee in the presence of the cashing institution's cashier. Consider securing your funds in a money belt or wallet. It's generally a good idea to avoid check-cashing stores if at all possible. If you can't pay using a debit or credit card, a money order is a cheap and relatively easy alternative to get your money where it needs to go. https://www.nerdwallet.com/blog/banking/money-orders/, http://firstquarterfinance.com/where-can-i-cash-a-money-order/, http://www.wisegeek.org/how-do-i-cash-a-money-order.htm, https://www.usps.com/shop/money-orders.htm, https://www.westernunion.com/us/en/money-order.html, https://wallethub.com/edu/can-you-buy-a-money-order-with-a-credit-card/20407/, consider supporting our work with a contribution to wikiHow. Publix. Don’t write anything on the back. Sometimes it's too risky to send cash, or your recipient wants to have immediate access to the funds. It is possible to get a money order refund from the issuer, whether you originally purchased the money order from a bank, credit union, post office, Amscot branch, MoneyGram agent, or Western Union agent. Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker. Walmart. Thanks to all authors for creating a page that has been read 1,051,479 times. Acceptable payment methods for postal money orders include cash, debit cards and … If you have a money order from another country, check the currency for which it was issued. A logo or other insignia will tell you what bank or other business issued the money order. The cashier or teller will likely count the money back to you, but you should count it yourself as well to make sure it's all there. You'll be charged more interest on a cash advance than you would for a regular purchase—sometimes a lot more. There is a fee for buying a money order from MoneyGram or most other organizations that sell them. How to Send Domestic Money Orders. Further, the sum of a money order is paid in advance, so it wont bounce as a personal check might. When your recipient cashes the money order, the name on the money order will need to match the name on their ID. You can then cash or deposit the money order as you wish; see our list of places where you can cash a money order. Place your cash in a safe location prior to leaving the service counter. Is there any way to get them cancelled or my money back? Many sellers of money orders, such as the U.S. Check with the specific location to make sure. Can I still deposit it? The postal money orders in Canada can be purchased in Canadian Dollars, US dollars and British Pounds. Use them to give a gift, make a purchase… If you made it out to somebody else and still have it, it might look like you stole it when you attempt to cash it, so go to a bank and … You can take the money order to your bank, credit union, grocery store, and some retail stores. You can always get a money order cashed at a branch of the bank or company that issued the money order. However, depending on who issued the money order, it may be a day or two before you can access the funds.   If you're getting a cash advance for a large amount, for example, to pay your rent, the cash advance fee could get expensive. If you are required to mail in the money order and receipt, make photocopies first. Check with their customer service counter or call ahead to be sure. If someone finds your blank money order, they can fill it out for themselves and cash it. Postal Service, cash them if they have the cash on hand, while some sellers might not cash them at all. However, calling the location and asking can't hurt. … Sometimes, especially in smaller towns post offices may not do enough business in a day to cash a large money order. Look in the upper corners of the money order, or along the bottom for a line that says "Issuer." If they were left blank, they may not be negotiable. I was excited to uncover this site. And, we also mentioned that the amount of places where you can actually cash money orders is much more limited, compared to the number of places where you can buy them. Because money orders are guaranteed, a recipient may prefer this type of payment method to a check. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. X what store. They may not have updated their ID to reflect the change. Then, sign the back of the order to endorse it. Fee: $0.88 max fee, exact fees vary by … Head to the Original Location Take the money order back to its place of purchase to try to cash it. Particularly in small towns and rural areas, call ahead to the specific location you plan to visit. Review our full list of where to cash a money order in the section below. You will also need to provide identification no matter where you’re cashing your money order. One of the easiest ways to receive your funds is to cash a money order at the bank. Banks and other companies that cash money orders typically will accept a driver's license, passport, or other valid government-issued photo identification. pay a fee for each postal Money Order. Have you heard of money orders but are not sure what they are or when they’re used? If you deposited the money order in your bank account, you typically can also receive at least a portion of it back in cash. How Much Do Youtubers Make & How to Become a Youtuber, How Much Your Monthly Food Budget Should Be + Grocery Calculator, Free Budget Template: Easily Track Your Finances. It's always good to call a nearby branch and ask them. You can buy a money order with a credit card, but purchasing a money order with a credit card often treats money orders as a cash advance, which means you're going to pay a fee. At the bottom, where the money order says “Purchaser’s signature,” make sure you sign it. If they think they may not be able to cash it, they may be able to let you know who could do it. In that case, you can visit another post office or come back at a later time. It's because the institution is providing a service, whereas if there was no charge, there would be no way to make a profit. In most cases, your best bet will be to pay for your money order with cash, personal check, or debit card. Who would even bother cashing it unless there was something to benefit? References. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/2\/2c\/Cash-Money-Orders-Step-1-Version-4.jpg\/v4-460px-Cash-Money-Orders-Step-1-Version-4.jpg","bigUrl":"\/images\/thumb\/2\/2c\/Cash-Money-Orders-Step-1-Version-4.jpg\/aid1373842-v4-728px-Cash-Money-Orders-Step-1-Version-4.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"